Category: Latest News

PepsiCo Inc. (MASDAQ:PEP) is increasing its holding in Celsius Holdings Inc. to 11% through a $585 million investment in convertible preferred shares, according to a Bloomberg report on Friday. The agreement, expected to be announced on Friday, also includes Celsius acquiring PepsiCo’s Rockstar Energy brand in the United States and Canada. In addition, Alani Nu,…

DuPont de Nemours (NYSE:DD) announced Friday that it has reached a deal to sell its Aramids unit, which includes the Kevlar and Nomex product lines, to Arclin for $1.8 billion. The agreement, now finalized, involves Arclin—a company in the TJC portfolio (formerly The Jordan Company)—acquiring the business under the terms outlined by DuPont. As part…

The U.S. dollar inched higher on Friday as investors awaited the release of critical inflation data, though the currency is still positioned for a monthly decline amid increasing expectations for a U.S. rate cut. At 05:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against six other major currencies, rose 0.1% to 97.815,…

Caterpillar Inc. (NYSE:CAT) saw its stock drop 3% in premarket trading on Friday after the industrial equipment leader increased its estimate of tariffs’ effect on its 2025 financial results. According to an SEC filing, the company now anticipates that the net impact of additional tariffs introduced in 2025 will range from roughly $500 million to…

Alibaba (NYSE:BABA) has introduced a new cloud-focused AI chip capable of handling a broader range of inference tasks, moving beyond its previous, more specialized processors, the Wall Street Journal reported Friday. The announcement comes as China accelerates efforts to develop a self-reliant AI supply chain, while U.S. export restrictions continue to limit access to Nvidia’s…

Shares of Petco Health and Wellness Company (NASDAQ:WOOF) surged more than 16% in premarket trading Friday following the release of stronger-than-expected second-quarter results and an upgraded full-year outlook, even as sales showed a slight decline. The pet retailer reported adjusted earnings per share of $0.05 for its fiscal Q2, surpassing analyst expectations of $0.01. Revenue…

Ford Motor Company (NYSE:F) has initiated a recall of more than 105,000 Mustang vehicles in the U.S. after the National Highway Traffic Safety Administration (NHTSA) identified a safety concern. The agency stated on Friday that certain panels on the vehicles were not properly sealed, which could allow water to enter the car. This water intrusion…

Gap Inc (NYSE:GAP) reported Thursday that second-quarter revenue slightly missed analysts’ expectations, as weaker-than-expected performance in its Athleta brand weighed on results. The apparel retailer also highlighted the effect of higher U.S. tariffs. Shares of Gap declined more than 2% in premarket trading Friday. The company posted earnings per share of $0.57 on revenue of…

Dell Technologies (NYSE:DELL) saw its shares drop in premarket trading Friday after issuing cautious guidance for the current quarter, despite second-quarter results and a full-year outlook that exceeded analyst expectations, driven by rising enterprise investment in AI servers. As of 04:33 ET, Dell was down roughly 6% in premarket action. The company posted adjusted EPS…

Gold prices dipped slightly on Friday in Asian trading but remain on track for strong gains in August, driven by increasing expectations of a September interest rate cut from the Federal Reserve. The market is closely watching the upcoming U.S. personal consumption expenditures (PCE) price index, the Fed’s preferred inflation measure, for guidance on the…