Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand. The home improvement retailer said it now expects full-year comparable sales to decline by 3% to 4% compared with…
Google on Tuesday announced new artificial intelligence features that are coming to Android devices. The move to bring its Gemini AI assistant to supported devices shows again how Google aims to put its AI in front of consumers before Apple, which will launch its AI on iPhones, Macs and iPads later this year.…
Mars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies announced Tuesday. The M&M owner Mars is acquiring the Kellogg spin-off company for $83.50 per share, according to the press release. The addition of Kellanova, which separated from its parent company in 2023, will bring…
Starbucks is replacing its CEO with the head of Chipotle as it seeks to revive flagging sales and appease outside investors. Starbucks announced Tuesday morning that Brian Niccol, who has led the burrito chain since 2018, will take over the coffee giant starting next month. Laxman Narasimhan, who took over as…
Wall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard Schultz era. Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over the top job in March 2023 after being handpicked…
As tremors shook the ground in parts of western Japan last Thursday, local and national government bodies leapt into action. Meteorologists gathered and issued a temporary tsunami advisory. A special committee warned that another “major earthquake” could hit in the coming week – the first time in its history the…
Thousands of doctors have gone on strike across India to demand better protection for health workers after a trainee medic was raped and murdered in eastern West Bengal state. The resident doctor’s body was found last Friday with multiple injuries and signs of sexual assault in a seminar hall at the RG…
Sudan is at a “breaking point,” a United Nations agency said Monday, as a growing number of people need food, water, shelter and medical care in a country devastated by intensifying war. Over eight million people have been displaced since fighting erupted between the Sudanese Armed Forces (SAF) and the…
The pilot killed when a helicopter crashed into the roof of a luxury hotel in Cairns, Australia, on Monday was an employee of the charter company that owned the aircraft, but wasn’t authorized to fly, the group confirmed in a statement. Nautilus Aviation said Tuesday that the pilot had been…
Vladimir Kara-Murza, a Russian opposition politician and one of President Vladimir Putin’s fiercest critics, has described the psychological torture he endured during 11 months in solitary confinement, saying he thought he would die in a Siberian cell. The British-Russian national was freed at the same time as Americans Evan Gershkovich, Paul Whelan and…