Tag: Breaking News: Business
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Volkswagen profits slump as it flags full-year revenue squeeze ahead of restructuring
German auto giant Volkswagen on Friday reported weaker-than-expected second-quarter profit and revised down its sales forecast for 2026.
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Southwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worries
Southwest hired a ship this spring to send fuel from Houston to Los Angeles in case of supply shortages.
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DOJ withdraws subpoenas to NY Times reporters in Trump plane probe
The subpoenas to New York Times reporters were issued by Manhattan U.S. Attorney Jay Clayton, whom Trump has nominated as director of national intelligence.
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Amazon and Microsoft pivot cloud gaming strategies to target different players
Amazon is bringing Luna to the Prime Video streaming service, while Microsoft will test an ad-supported streaming of titles that people own.
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As Honda CR-V leads U.S. sales, automaker teases new American-built pickup truck
The future of the Ridgeline midsize pickup truck had been in flux, and the automaker said there will be a temporary production stoppage for the truck.
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‘The Odyssey’ is cleaning up for IMAX. Expect the momentum to continue
Nolan’s “The Odyssey” is racking up box office dollars for IMAX and fueling investor confidence that the company will reach a record ticket sales in 2026.
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House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties
House oversight Chair James Comer said Jes Staley defended Jeffrey Epstein and encouraged JPMorgan to retain him despite internal red flags.
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Albertsons stock plunges as it says weaker grocery spending will cut into sales and earnings
Shares of Albertsons sank Thursday after the grocer reported softness in its core business and lowered its full-year outlook as a result.
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Comcast earnings highlight NBCUniversal strength ahead of planned split
Comcast said earlier this year it would split the cable businesses from the media business, creating two separate publicly traded companies.
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American Airlines slashes 2026 earnings outlook as fuel costs spike
American Airlines further cut its 2026 earnings outlook, citing higher fuel costs.
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