2 tankers explode in Strait of Hormuz as Iran blames U.S. mines
Shipping traffic fell and global oil prices climbed above US$90 a barrel amid threats of an Iranian response.
CNN Indonesia, Antara News +3
Subject
#Lseg
Series: Iran · US Iran Hormuz Crisis · 2 chapters since Jul 18
Netflix shares drop nearly 8% after weak third-quarter forecast
What's new: Netflix expects $12.86 billion in Q3 revenue, below Wall Street estimates, and will make its viewing-hours report annual in 2027.
Netflix drops about 10% after weak Q3 outlook despite profit gain
What's new: Netflix projected third-quarter revenue of $12.86 billion and EPS of 82 cents, both below Wall Street estimates.
United beats Q2 estimates, warns fuel spike could add $6 billion
What's next: The airline cut its third-quarter outlook below Wall Street forecasts and may trim capacity later this year.
PepsiCo tops Q2 revenue estimates as US demand weakens
What's new: Shares fell more than 4% after PepsiCo flagged slower recovery in North America despite keeping its 2026 outlook.
CNBC, MarketWatch
Rivian drops nearly 15% after launching $1.5 billion share sale
What's new: The EV maker tied the raise to a U.S. Energy Department loan deal as it ramps spending on autonomy and its R2 SUV.
Qualcomm jumps 15% after lifting 2029 revenue target to $40 billion
What's new: Meta plans to use Qualcomm's Dragonfly C1000 data-center CPU when production starts in 2028.
Darden shares slip as Olive Garden growth and outlook miss
What's new: LongHorn same-store sales jumped 9.5%, but Darden's fiscal 2027 earnings forecast trailed Wall Street estimates.
Bloomberg, CNBC
Micron revenue quadrupled to $41.46 billion as AI memory demand surged
What's next: The chipmaker forecast about $50 billion in current-quarter revenue, well above analyst estimates of $43.58 billion.
Bloomberg, CNBC +1
H&M missed Q2 profit estimates as leaner stock levels curbed sales
What's new: Operating profit was 5.91 billion crowns versus a 6.38 billion-crown analyst forecast, and H&M expects June sales to be flat.
Bloomberg, The Business Times (Singapore)
CarMax drops 9% after profit beat as margins shrink under new CEO
What's new: First-quarter revenue rose to $8.01 billion, but gross profit per used vehicle fell $230 from a year earlier.
Bloomberg, CNBC
UK inflation held at 2.8% in May ahead of Bank of England vote
What's next: Markets see a 95% chance the Bank of England leaves rates at 3.75% on Thursday, though traders still expect a hike later this year.
Lululemon cuts 2026 outlook; shares sink 11% after hours
What's new: The retailer now sees annual sales as low as $11 billion and earnings as low as $10.95 a share, both below Wall Street targets.
Victoria’s Secret jumps 47% after lifting 2026 sales, profit outlook
What’s new: First-quarter revenue rose 15% to $1.56 billion, and the retailer now sees up to $580 million in adjusted operating income.
Bloomberg, CNBC +1