FedEx Logs Record Revenue on Surge in Packages
The delivery company posted the highest quarterly revenue in its history as the coronavirus pandemic spurred residential-delivery levels normally seen during the holiday season.
DOJ Investigates Electric-Truck Startup Nikola
The Justice Department has joined U.S. securities regulators in examining allegations that electric-truck startup Nikola misled investors by making exaggerated claims about its technology.
Starbucks Sales Recovery Has 'a Ways to Go' as Pandemic Quiets Cities
The coffee chain said its sales remain weak because many urban customers are still working remotely and that it hopes to expand its suburban footprint.
Apple Unveils New Watch Series 6, iPad
In its first virtual-only product reveal, Apple showed off a new smartwatch that has an ability to measure blood oxygen as well as updated iPads, with the latest iPhone unveiling anticipated next month.
Snowflake Poised to Price IPO Above Expected Range With Valuation Topping $30 Billion
Strong demand for shares of the company, which offers businesses cloud-based data management, could make it the biggest technology issue so far this year.
Kraft Heinz to Sell Part of Cheese Business for $3.2 Billion
The struggling U.S. food company agreed to sell a big chunk of its cheese business to France's Groupe Lactalis as it seeks to jump-start growth in its other businesses.
Citigroup Gives Wall Street a Sobering Message
The bank's need to spend to upgrade risk systems and downbeat economic comments make it hard to bet on a turnaround for the beaten-up stock.
National Security Panel to Meet on Oracle-TikTok Deal Tuesday
The proposal under review has China's ByteDance retaining a majority stake in its TikTok app with Oracle as a technology partner and minority holder in a U.S.-based company.
Molson Coors Forms Joint Venture to Brew and Sell Yuengling Beers
Molson Coors Beverage is forming a joint venture with family-owned D.G. Yuengling & Son to start brewing and selling Yuengling beer beyond the East Coast, as both companies search for growth amid the Covid-19 pandemic.
Kraft Heinz Plans $2 Billion in Cost Cuts
The company is planning the cuts over five years, returning to the strategy that drove its formation in a merger five years ago. The food giant has logged higher sales during the coronavirus, but analysts say it has lost market share.
