UBS says savings from Credit Suisse deal reach $9.1 billion as profit tops forecast
UBS said it’s now achieved $9.1 billion of gross savings from its purchase of Credit Suisse as the Swiss banking giant reported stronger-than-forecast second-quarter earnings.
Nike loses head of North America women’s business to Athleta
A Nike and Athleta store. Kylie Cooper | Reuters | Michael Brochstein | SOPA Images | LightRocket | Getty Images Gap’s Athleta has tapped the head of Nike’s women’s business in North America as its next CEO, delivering a blow to the sneaker company as it tries to win back more female shoppers. Maggie Gauger, […]
Starbucks rolls out Green Apron Service ahead of earnings
As companies lean into value offerings and buzzy beverages to lure price-sensitive consumers, Starbucks is doubling down on its plans to get back to basics by leaning into hospitality at its cafes. The coffee giant aims to stand out on guest experience in a cutthroat consumer environment as it tries to boost lackluster sales. Last […]
Visa says spending is growing at a healthy rate, but its stock dips after earnings
Visa is seeing “resilient” trends in discretionary and non-discretionary spending categories.
Starbucks (SBUX) Q3 2025 earnings
Starbucks on Tuesday reported its sixth straight quarter of same-store sales declines as the company implements a turnaround strategy. CEO Brian Niccol said in a statement that the company’s comeback is ahead of schedule, based on his past experience, which includes turning around Chipotle Mexican Grill after a series of food-safety scandals. “While our financial […]
Union Pacific to buy Norfolk Southern in a much-anticipated $85 billion deal
The combined railroads will span more than 50,000 route miles across 43 states.
United Airlines flight attendants vote down contract
United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract. John Tlumacki | Boston Globe | Getty Images United Airlines flight attendants voted down a new labor contract that called for immediate raises of at least 26% and other quality-of-life improvements, their union said Tuesday. The flight attendants’ […]
Nvidia’s stock is rising as confidence builds around this key number
The chip company is waiting to sell its H20 chips in China again, which a Mizuho analyst said will help the case for its earnings per share to reach $7 next fiscal year.
Nearing deal to replace Goldman Sachs as issuer
JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC. The banks declined to comment to CNBC. Apple didn’t immediately return request for comment. Negotiations between JPMorgan and Apple have progressed as earlier […]
Procter & Gamble (PG) Q4 2025 earnings
In this photo illustration, Procter and Gamble products Pepto Bismol and Charmin toilet paper are displayed on June 05, 2025 in San Anselmo, California. Justin Sullivan | Getty Images Procter & Gamble on Tuesday reported quarterly results that beat Wall Street’s expectations, but introduced fiscal year 2026 guidance that included a $1 billion hit due […]
