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Starbucks Sales Jump as Coffee Customers Return
WSJ· 2026-01-28 12:45
Group 1 - The coffee chain reported a 4% increase in U.S. same-store sales in the latest quarter, marking a return to growth for the first time since late 2023 [1]
General Dynamics Revenue Boosted by Marine Systems, Defense
WSJ· 2026-01-28 12:44
Core Insights - General Dynamics experienced a significant increase in fourth-quarter revenue, driven primarily by its marine-systems and combat-systems segments [1] Group 1 - The marine-systems segment contributed notably to the revenue growth in the fourth quarter [1] - The combat-systems segment also played a crucial role in boosting the overall revenue for the company [1]
Prosperity Bancshares to Acquire Stellar Bancorp in $2 Billion Deal
WSJ· 2026-01-28 12:07
Core Insights - Prosperity Bancshares has agreed to acquire Stellar Bancorp in a deal valued at approximately $2 billion, which will result in the formation of the second-largest bank by deposits headquartered in Texas [1] Company Summary - The acquisition will enhance Prosperity Bancshares' market position and expand its deposit base significantly [1] - The deal reflects ongoing consolidation trends within the banking industry, particularly among regional banks [1]
GE Vernova Lifts Outlook as Profit Jumps
WSJ· 2026-01-28 11:59
Core Viewpoint - GE Vernova has raised its outlook for the upcoming year due to increased profit and revenue in the fourth quarter, driven by strong performance in its power and electrification sectors [1] Group 1: Financial Performance - The company reported higher profit and revenue in the fourth quarter [1] - The growth was attributed to continued momentum in its power and electrification businesses [1]
Maersk Warns of Disruption From Severe Weather in Europe
WSJ· 2026-01-28 11:58
Core Viewpoint - Extreme weather conditions are significantly disrupting logistics operations across Europe, leading to cargo vessels seeking shelter and terminals halting or scaling down their activities [1] Group 1: Impact on Logistics Operations - Severe disruptions are reported in logistics operations due to extreme weather [1] - Cargo vessels are sheltering to avoid adverse weather conditions [1] - Terminals are forced to halt or reduce their operational activities [1]
AT&T Sales Rise on Higher Wireless, Consumer Revenue
WSJ· 2026-01-28 11:41
Core Insights - AT&T experienced higher sales in the fiscal fourth quarter, driven by revenue growth in its wireless and consumer segments [1] Group 1: Financial Performance - The increase in sales was primarily attributed to the performance of the wireless business [1] - Consumer business also contributed positively to the overall revenue growth [1]
The Dollar Is Losing Buoyancy
WSJ· 2026-01-28 11:34
Core Insights - The article discusses the implications of the upcoming Federal Reserve meeting and the earnings reports from major technology companies, highlighting the potential impact on market trends and investor sentiment [1] Group 1: Federal Reserve Meeting - The Federal Reserve is expected to make key decisions regarding interest rates, which could influence economic growth and inflation [1] - Analysts are closely monitoring the Fed's stance on monetary policy, particularly in light of recent economic data [1] Group 2: Big Tech Earnings - Major technology companies are set to release their earnings reports, which are anticipated to show varying performance metrics amid changing market conditions [1] - Investors are particularly interested in revenue growth and profit margins, as these will provide insights into the companies' resilience and future prospects [1]
Amazon to Lay Off Around 16,000 Corporate Employees
WSJ· 2026-01-28 11:05
The company's latest round of layoffs reflect the growing competition for dominance in artificial intelligence. ...
Scotts Miracle-Gro Strikes Deal to Sell Cannabis-Supply Unit
WSJ· 2026-01-28 11:00
The sale of Hawthorne Gardening to Vireo Growth reduces Scotts's exposure to the volatile marijuana sector, executives said. ...
Wells Fargo Cuts Proxy Adviser Ties in Latest Blow to Industry
WSJ· 2026-01-28 11:00
The bank will make voting decisions on shareholder proposals without the help of proxy advisers like ISS and instead rely on a new internal system. ...