The financial news that actually matters
Focuses on company performance, earnings reports, mergers, acquisitions, and business growth or decline. It explains how corporate events impact markets, investors, and employment.
General Mills, the company behind Cheerios, Pillsbury, and dozens of other grocery staples, lowered its profit outlook after reporting fiscal 2026 third-quarter results for the period ended Feb. 22, 2026. The revision came as shoppers increasingly traded down to cheaper alternatives and relied more heavily on coupons, forcing the company to ramp up promotional spending….
Saks Global exited Chapter 11 bankruptcy protection in roughly nine months, rebranding itself as Exemplar Luxury Group and placing three of America’s most recognized luxury retail names under a single corporate umbrella. The company now operates Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman with reduced debt, a feat that sets it apart from the…
Conagra Brands, the packaged-food company behind Slim Jim, Duncan Hines, and Healthy Choice, reported a 1.9 percent drop in net sales for its fiscal third quarter ended February 22, 2026, while simultaneously flagging that future dividend payments are not guaranteed. The company narrowed its full-year adjusted earnings-per-share guidance to a range anchored at $1.70 on…
Federal prosecutors in Manhattan have charged the former CEO of Nate, Inc. with fraud for telling investors his company’s checkout technology was powered by artificial intelligence when, according to the government, the actual automation rate was effectively zero. The case centers on more than $40 million raised from investors between spring 2019 and December 2022,…
Two FDIC-insured banks have shut down in 2026, and the combined toll on the federal Deposit Insurance Fund is already climbing past $116 million. The more recent closure, Community Bank and Trust of West Georgia in LaGrange, Georgia, is expected to cost the fund roughly $97 million. The first, Metropolitan Capital Bank and Trust in…
FAT Brands Inc., the parent company behind Fatburger, Johnny Rockets, and more than a dozen other restaurant chains, has effectively been broken apart through a court-supervised asset sale after filing voluntary Chapter 11 petitions. A buyer called FBG Bid Co. purchased substantially all assets of certain FAT Brands subsidiaries for $595 million, a figure that…
FedEx lowered its full-year profit forecast for a third consecutive quarter, citing persistent inflation and weakening package demand as twin forces squeezing margins across its operations. The repeated downgrades signal that cost pressures from fuel, labor, and purchased transportation have not eased, even as the volume of shipments moving through the company’s network has softened….
Best Buy’s outgoing chief executive, Corie Barry, is leaving behind a consumer spending pattern that her successor will have to solve: shoppers are active but refuse to pay full price. Barry’s planned departure as CEO and director is effective at the close of business on Oct. 31, 2026, with Jason Bonfig stepping into the role…
Saks Global exited Chapter 11 bankruptcy on June 26, 2026, shedding nearly 75 percent of its debt and rebranding as Exemplar Luxury Group. The reorganized company now controls three of the most recognized names in American luxury retail: Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman. The move raises a direct question for the industry:…
Spirit Airlines began an immediate orderly wind-down of operations this week after its March 2026 restructuring plan failed to produce a viable path forward, and JetBlue founder David Neeleman has pointed to Frontier Airlines as the next ultra-low-cost carrier facing a similar fate. Spirit cited its inability to absorb rising oil prices as the central…