Tilray to cease brewing at Terrapin site in US
Tilray Brands will stop producing beer at its Terrapin facility in Athens, Georgia effective September 25, shifting brewing production to other locations within its network.
Shein faces existential threat as tariffs hit low-price model, putting new focus on services
Shein faces significant challenges as tariff changes eliminate trade advantages that supported its low-price model, forcing price increases that have dampened growth in the U.S. and Europe ahead of its Hong Kong IPO.
AMD’s revenue climbs 50% and data center sales doubled, but the stock is down
AMD reported second-quarter revenue growth of 50% to $7.69 billion, with data center sales doubling to $6.7 billion, though the stock declined in extended trading following the earnings release.
SpaceX’s AI spending unnerves Wall Street despite promises of quick payoff
SpaceX’s massive artificial intelligence spending exceeded analyst expectations, prompting executives to assure investors of profitability within a year, though stock prices declined following earnings results.
CVS blows past estimates, hikes guidance as insurance unit continues to improve
CVS Health exceeded second-quarter earnings and revenue forecasts while raising full-year profit and revenue guidance, driven by improvement in its Aetna insurance unit despite high medical costs.
Flutter shares plummet on earnings miss and another key leadership change
Flutter shares fell more than 11% after the company reduced full-year U.S. profit guidance by 22% and announced CEO Peter Jackson’s departure, effective October 1.