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Home Depot posts record profit, revenue; sticks to outlook

Home Depot is seeing sustained demand for goods related to home improvement projects despite soaring prices and mortgage rates for homes. Despite record profit and revenue, the Atla...

Elon Musk sells $7B in Tesla shares ahead of Twitter fight

Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter. Musk disclosed in series of regula...

Warner Bros. Discovery Q2 results miss Wall Street's view

Warner Bros. Discovery, which went public in April, missed Wall Street's expectations in the second quarter as the media giant looks to work through the growing pains of its merger. ...

P&G's sales climb in Q4, but cautious on fiscal 2023 outlook

Procter & Gamble's sales rose 3% in the fiscal fourth quarter, but the world's largest consumer products maker gave a lackluster fiscal 2023 sales forecast as it contends with rising commodity and...

New lunar rover in the works as NASA moon mission advances

A new lunar rover is under development by Lockheed Martin and Goodyear as NASA gears up for a return to the moon. Unlike the rover first used during the Apollo 15 mission in 1971, bu...

Vince McMahon will step down during WWE misconduct probe

Vince McMahon is stepping down as CEO and chairman of WWE during an an investigation into alleged misconduct involving the longtime leader and public face of the organization. McMah...

After rough run, Kohl's surges on potential takeover

Shares of Kohl's spiked more than 11% Tuesday after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion. The Wisconsin chain said late Monday ...

Bidding war for Spirit Airlines heats up ahead of vote

The bidding war over Spirit Airlines is ramping up again with JetBlue boosting its offer for the discount carrier just days after rival Frontier upped its own bid for Spirit. Spirit...

Walmart adding 4 fulfillment centers, more than 4,000 jobs

Walmart is adding four new fulfillment centers to its existing capacity, a move that will bring more than 4,000 jobs and make next- or two-day shipping available to more Americans. T...

Stellantis, Controlled Thermal in lithium hydroxide deal

Automaker Stellantis has reached a deal to have Controlled Thermal Resources Ltd. supply battery-grade lithium hydroxide for its electric vehicles in North America. CTR will supply S...

Broadcom to buy VMware for $61 billion in big tech tie-up

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and economic uncert...

Social media hammered by mounting questions over advertising

Social media has had a rough 2022 with lingering questions about advertising spending, political ads and a $44 billion takeover of Twitter that may or may not be happening, depending on which Elon Mus...

Spirit tells shareholders to reject hostile bid from JetBlue

Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it went hostile in its bid to create what would be the nation’s fifth largest airline. ...

Home Depot overcomes slow start to year, rising home prices

Home Depot's first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance. Revenue increased about 4% to $38.91 billion, easi...

Tupperware struggles in Q1, withdraws guidance, taps new CFO

Tupperware's turnaround isn't exactly going as planned, with inflation, COVID-19 and Russia's invasion of Ukraine all weighing on the consumer products company. Sales dropped 16% in ...