Business

Suntory chairman steps down amid illegal drug-related police probe  Nikkei Asia CEO of Japanese drinks giant Suntory resigns following drug probe  CNN Suntory says CEO Niinami resigns after police probe into purchase of supplement  Reuters Chair of whisky maker Suntory steps down after police probe  Financial Times Suntory’s Ex-CEO Ruffled Feathers Before Exit Over Drug Probe  Bloomberg.com Source link

A Trump executive order will directly impact more than 500,000 Social Security beneficiaries. Since the first benefit check was mailed in January 1940, Social Security has been providing a financial foundation for the American public. Though it was initially conceived as a program that would financially support aging workers who could no longer provide for themselves, it’s expanded to include …

Chinese e-commerce giant Alibaba (BABA) rose 12.9% after posting strong Q1 FY26 results on August 29. The company topped profit forecasts and showed solid progress in AI and cloud, even though revenue of 247.7 billion yuan ($34.6 billion) fell slightly short of the 252.9 billion yuan expected. Cloud revenue stood out, climbing 26% year-over-year to 33.4 billion yuan. Adjusted earnings …

Decades of market data point toward September’s reputation as a spoiler for stock market rallies, building the case for challenges over the coming weeks despite positive August momentum. CNBC’s analysis of FactSet data — starting from 1928 for some markets — shows that September has, on average, been a losing month for the S & P 500 , the pan-European …

Nestlé removes CEO after investigation into relationship with subordinate  The Washington Post Nestlé Dismisses CEO Laurent Freixe Over Inappropriate Relationship With a Subordinate  The New York Times Nestle fires boss after romantic relationship with employee  BBC Nestlé CEO Laurent Freixe ousted over inappropriate workplace relationship with subordinate  Fox Business Morning Bid: Nestle in sticky situation, much like euro zone inflation  Reuters Source link

Topline The Powerball jackpot shot up to $1.3 billion—the biggest lottery prize since April 2024—after no tickets matched all six numbers drawn on Monday night, although the eventual winner will likely take home a much smaller payout after paying their taxes. The Powerball jackpot surged to $1.3 billion as no winners emerged after Monday night’s drawing. Getty Images Key Facts …

Nestle investors face more turbulence after another CEO ousted  Reuters Nestle fires boss after romantic relationship with employee  BBC Nestlé Dismisses CEO Laurent Freixe Over Inappropriate Relationship With a Subordinate  The New York Times Nestlé CEO Laurent Freixe ousted over inappropriate workplace relationship with subordinate  Fox Business Nestle touts CEO ousting as ‘generational shift’ — here’s what that means for the stock  CNBC Source link

Gold rushes to record high above $3,500 on US rate cut expectations  Reuters Gold Holds Close to Record as Demand for Precious Metals Surges  Bloomberg.com Gold rises on US rate cut bets; silver hits 14-year high  CNBC Gold hits new high on rising uncertainty, while U.S. stock futures little changed  MarketWatch Gold Jumps to a Record. What’s Powering the Precious Metal Higher.  Barron’s Source link

Just two customers drove 39% of chipmaker Nvidia’s second-quarter revenue, TechCrunch reported Saturday (Aug. 30), citing a securities filing. The filing came in the wake of Nvidia’s earnings report last week, in which the firm, the most valuable company in the world, logged record revenue of $46.7 billion during the quarter, a 55% jump fueled largely by the artificial intelligence …

Oil rises as Ukraine war stokes supply worries, market eyes prospects of Fed easing  Reuters Oil settles higher on weaker dollar and Russian supply disruptions  Reuters Oil holds in tight range, rising output offsets Russia supply disruptions  CNBC Oil Steadies After Monthly Drop With Glut, Geopolitics In Focus  Bloomberg.com Oil Rises Amid Weaker Dollar, Russian Supply Risks – WSJ  The Wall Street Journal Source link