Carlyle Joins $1 Billion Investment Round in Missile Startup Castelion
The funding round, which also includes JPMorgan Chase and Andreessen Horowitz, values the hypersonic munitions maker at $13 billion.
----
OpenAI's Latest Bid to Fight Anthropic: A Promise Not to Keep Customer Data
The ChatGPT maker hopes to win business customers who are upset that Anthropic is keeping their data.
----
Why a Payments Giant Is Paying $7 Billion for the 'Stripe of AI'
The Stripe deal for OpenRouter, founded by an NFT entrepreneur, is a bet on a future where users turn to a mix of AI models.
----
Strategy, Coinbase Stocks Rose After Trump Met Crypto Execs
Shares of Strategy were the best performer in the Nasdaq 100.
----
Women at L3Harris Shared Concerns About CEO's Behavior Years Before Ouster
Chris Kubasik was ousted after an investigation into conduct with a subordinate. Years earlier, another employee had made a harassment complaint.
----
Spirit Flight Attendants Fight Google's Data Bid for AI
The flight attendants want assurance that their confidential information will be removed from the sale of the defunct airline's digital records.
----
Coty Looks to Finish Strategic Review, Guides for First-Quarter Sales Decline
The company guided for revenue to decline by a low- to mid-single-digit percentage as consumers become increasingly selective with their purchases, despite resilient demand for beauty overall.
----
Walmart Earnings Could End the Stock's Summer Slump
Walmart stock is down 15% since mid-May. A few factors could help the retailer's shares change direction.
----
Deere Earnings Won't Be Good, but There's a Silver Lining
Deere will report fiscal third-quarter earnings Thursday morning. Wall Street expects earnings per share of $4.69, little changed from a year ago.
----
Moderna Shares More Than Double on Success of mRNA Cancer Vaccine
The results from a Merck-Moderna partnership validate years of research into a new approach to cancer treatment.
----
Target Raises Fiscal-Year Forecast Again as Turnaround Gains Traction
On the heels of a positive quarter, the retailer now expects sales growth of about 5% this fiscal year.
----
Lowe's Lowers Full-Year Targets as Homeowners Scale Back DIY Projects
Lowe's trimmed its full-year sales and profit targets, signaling that price-conscious homeowners are delaying major renovations and compounding back-half headwinds.
----
T.J. Maxx Parent TJX Says Self-Inflicted Issues Hurt Sales
The company's U.S. apparel business fell short of quarterly expectations, signaling a pullback among shoppers even as the discount retailer raised its full-year earnings.
----
Estee Lauder to Double Down on Turnaround Efforts as Sales Climb
The company narrowed its fiscal fourth-quarter loss as sales rose on broad-based strength across geographies and categories.