Category: Latest News
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Kraft Heinz Appoints Steve Cahillane as CEO Starting January 2026
The Kraft Heinz Company (NASDAQ:KHC) said Steve Cahillane will take over as chief executive officer effective January 1, 2026. Current CEO Carlos Abrams-Rivera will step down at that time and remain with the company in an advisory role through March 6, 2026. Cahillane will also join Kraft Heinz’s Board of Directors and assume leadership of…
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Duluth Holdings Shares Jump After Q3 Loss Narrows and Earnings Top Forecasts
Duluth Holdings Inc. (NASDAQ:DLTH) reported third-quarter results on Tuesday that showed a smaller loss than expected, helping lift the retailer’s shares despite revenue coming in below market forecasts. The workwear and casual clothing group saw its stock rise 6.39% in pre-market trading following the announcement. For the quarter, Duluth posted an adjusted loss of $0.23…
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Nektar Posts Mixed Phase 2b Data for Alopecia Areata Treatment
Nektar Therapeutics (NASDAQ:NKTR) reported results from its Phase 2b REZOLVE-AA study evaluating rezpegaldesleukin in patients with severe to very severe alopecia areata, with the trial narrowly missing its primary efficacy endpoint. The study enrolled 92 patients who were randomly assigned to receive rezpegaldesleukin at doses of either 24 µg/kg or 18 µg/kg, or a placebo.…
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Brand House Collective Shares Slide After Weak Q3 Results
Shares of The Brand House Collective, Inc. (NASDAQ:TBHC) dropped about 6% on Tuesday after the home furnishings retailer posted third-quarter results that fell well short of market expectations, reflecting pressure from inventory clearance activities and a sharp slowdown in online sales. The stock was down 5.98% in pre-market trading following the release. Formerly known as…
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Energous Shares Jump on EU Clearance for PowerBridge Pro
Energous Corporation (NASDAQ:WATT) shares rallied around 14% after the wireless power technology company said its PowerBridge Pro Directional transmitter has secured regulatory approval for use across the European Union. The authorization allows Energous to commercially deploy its flagship wireless power transmitter throughout all EU member states as well as the UK. PowerBridge Pro is capable…
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Circle Shares Gain After Visa Rolls Out USDC Settlement in the U.S.
Shares of Circle Internet (NYSE:CRCL) climbed about 3% on Tuesday after Visa (NYSE:V) announced the introduction of USDC-based settlement in the United States, a move that underscores growing adoption of stablecoins within traditional payment systems. Visa said that U.S. issuing and acquiring banks are now able to settle transactions with the company using Circle’s USDC,…
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Ford to Recall More Than 32,000 Vehicles in U.S. Over Potential Power Loss
Ford Motor (NYSE:F) is set to recall 32,160 vehicles across the United States after regulators identified a defect that could heighten the risk of accidents, according to the National Highway Traffic Safety Administration. The U.S. safety agency said on Tuesday that the affected vehicles may suffer a loss of drive power, a condition that could…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Drift Lower Ahead of Key Jobs Data as Markets Weigh Multiple Catalysts
Futures tied to the major U.S. equity benchmarks pointed lower, signalling a cautious start to the trading week as investors awaited a heavy slate of economic releases, led by a long-delayed labour market report. Attention is also turning to potential changes in U.S. market structure, with reports suggesting Nasdaq is seeking approval to extend trading…
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TotalEnergies and Google Enter Long-Term Renewable Power Deal
TotalEnergies (EU:TTE) has entered into a 21-year power purchase agreement with Google (NASDAQ:GOOG) under which it will supply 1 terawatt-hour of electricity generated from the Citra Energies solar facility in Malaysia. The renewable power will be used to support Google’s data centre operations in the region. The agreement aligns with TotalEnergies’ strategy of delivering long-term,…
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Stellantis Escapes Recall After U.S. Safety Probe Is Closed
Stellantis (NYSE:STLA) will not be required to carry out a recall after U.S. auto safety regulators ended a review into possible shifter cable bushing defects affecting nearly 300,000 vehicles. The National Highway Traffic Safety Administration said on Tuesday that it has finalized an investigation launched in July, which followed consumer complaints linked to shifter cable…