Campbell Soup Beats Earnings Estimates. Why the Stock Is Tumbling Anyway. 

Campbell Soup issues earnings guidance for its fiscal year below Wall Street estimates.

CNN CEO Chris Licht Is Out 

CNN parted ways with Chief Executive Chris Licht, ending a tenure of a little over a year that was marked by a series of missteps.

Tesla's stock rises toward longest winning streak in more than 2 years 

Investors have been piling into Tesla Inc.'s stock as it rallies toward its longest winning streak since January 2021.

Serta Simmons Defeats Holdout Lenders to Seal Chapter 11 Restructuring 

A bankruptcy judge upholds the bedding maker's disputed 2020 debt deal, handing control to majority lenders.

Instagram Connects Vast Pedophile Network 

The Meta unit's systems for fostering communities have guided users to child-sex content; company says it is improving internal controls.

Volvo Rolls Out All-Electric SUV Aimed at First-Time Buyers 

The company hopes the new SUV can help it address one of the biggest challenges automakers face: To meet ambitious EV goals, they have to offer more affordable cars.

Lawmakers Try Again to Curb Visa, Mastercard Fees, With Broader Support 

U.S. lawmakers plan to re-up proposed legislation that would give merchants the power to process many credit cards over different networks.

Wealthfront Launches Robo for Bonds 

There is growing investor demand for one of the most boring asset classes.

Sequoia Faces Up to the New U.S.-China Reality 

The storied venture-capital firm's split speaks volumes about how quickly bilateral trust has evaporated.

Longtime CEO of Guinness Maker Diageo Dies at 63 

Ivan Menezes is credited with growing the drinks company significantly since he became CEO in July 2013, with Diageo now selling around 200 brands in more than 180 markets.


(END) Dow Jones Newswires

June 07, 2023 11:00 ET (15:00 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.