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Tepid outlook weighs on Nike despite tariff refund boost
AFP53d agoneutral
Tepid outlook weighs on Nike despite tariff refund boost

Nike earnings released Tuesday were lifted by a hefty US tariff refund, but weak sales in China and a tepid forecast weighed on shares.But company officials said sales had picked up in June, citing a lift from the World Cup, as well as the pullback in gasoline prices after the US-Iran memorandum of understanding on ending the war.

Stocks Rise, the Yen Slides—Heard on the Street Recap
The Wall Street Journal53d agoneutral
Stocks Rise, the Yen Slides—Heard on the Street Recap

The S&P 500 and the Nasdaq rose 0.8% and 1.5%, respectively, in the second quarter's final session. For the three-month period, the S&P 500 advanced 15%, its best quarterly performance in six years. The yen sank to a 40-year low.

Dish DBS Enters Chapter 11 After AT&T Deal Is Delayed
The Wall Street Journal53d agoneutral
Dish DBS Enters Chapter 11 After AT&T Deal Is Delayed

Dish DBS filed for bankruptcy Tuesday after a deal to sell spectrum to AT&T was held up. The satellite pay-television provider, owned by Colorado-based EchoStar, entered chapter 11 in the U.S. Bankruptcy Court in Houston with a prepackaged plan backed by 88% of its creditors holding Dish DBS bonds, according to a news release.

Coca-Cola launches exclusive soda flavor at fast-food giant
TheStreet53d agoneutral
Coca-Cola launches exclusive soda flavor at fast-food giant

Coca-Cola (KO) has a secret weapon in the soda wars, and it’s not simply another bottle on the grocery-store shelf. A big part of that is its Freestyle machine, which gives customers something PepsiCo has never been really able to match at the same scale. Now Coca-Cola is using that advantage again ...

Exclusive-Energy drink and supplements company Nutrabolt picks banks for US IPO, sources say
Reuters53d agoneutral
Exclusive-Energy drink and supplements company Nutrabolt picks banks for US IPO, sources say

NEW YORK, June 30 (Reuters) - Nutrabolt, an energy drink and supplements company, has picked investment banks to lead an initial public ‌offering that could raise up to $1 billion, according to four people familiar with ‌the matter. Based in Austin, Texas, the company behind energy drink C4 and nutrition brand Bloom is working with ​banks including JPMorgan, Goldman Sachs and Bank of America, the sources said, requesting anonymity to discuss a private matter.

Investors are abandoning Mag7 stocks as AI boom transforms
TheStreet53d agoneutral
Investors are abandoning Mag7 stocks as AI boom transforms

The market might be all-in on the AI trade, but a growing chorus of traders and analysts is changing strategies. Mega-cap tech companies like Microsoft, Meta, and Amazon have been hit particularly hard in recent weeks as their plans to spend billions on AI infrastructure have attracted growing ...

Starlink just notched a win U.S. investors should watch
TheStreet53d agoneutral
Starlink just notched a win U.S. investors should watch

The biggest moves in a stock rarely start where investors are looking. They start in places that never reach the U.S. business pages. Right now, Wall Street is fixated on one name above almost all others. SpaceX (SPCX) went public on June 12 in the largest initial public offering in history, and ...

Associated Press53d agoneutral
How major US stock indexes fared Tuesday 6/30/2026

The Dow Jones Industrial Average added 0.3% to another record, and the Nasdaq composite climbed 1.5%. Stock indexes rose in much of Europe and Asia, while the Japanese yen fell near a 40-year low against the U.S. dollar. The Nasdaq composite rose 393.58 points, or 1.5%, to 26,213.72.

Bloomberg53d agoneutral
CIA Aims to Speed Up Tech Adoption as AI Is ‘Rewriting’ Conflict

(Bloomberg) -- CIA Director John Ratcliffe vowed to step up the agency’s efforts to deploy artificial intelligence and quantum computing, stressing that rapid developments in emerging technologies are changing the nature of geopolitics.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanWhatsApp Opens Username Reservations to 3 Billion UsersTrump’s

Rocket Lab doubles down on satellite network with $8B acquisition
TheStreet53d agoneutral
Rocket Lab doubles down on satellite network with $8B acquisition

Rocket Lab just made its biggest move yet. The space company, known for launching small rockets into orbit, is buying Iridium Communications in a deal valued at about $8 billion. For years, Rocket Lab (RKLB) built rockets and satellite parts for other companies. Now it wants to own and ...

Zyn Can Be Marketed as Safe Alternative to Cigarettes, FDA Says
The Wall Street Journal54d agoneutral
Zyn Can Be Marketed as Safe Alternative to Cigarettes, FDA Says

U.S. officials are allowing Zyn to market itself as being less harmful than traditional cigarettes, making the product the first nicotine pouch on the market to be granted such a distinction. The Food and Drug Administration announced that 20 different Zyn nicotine pouches—including flavors ranging from cool mint to cinnamon—can carry language stating that using the pouches instead of smoking cigarettes puts users at a lower risk of mouth cancer, stroke, heart disease, lung cancer, emphysema and chronic bronchitis. Zyn nicotine pouches, a product of Swedish Match USA, which is owned by Philip Morris International are the most popular in the U.S. They were granted permission to stay on the market in early 2025, the first pouch to receive the authorization.