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Heineken to Slash Up to 6,000 Positions in Major Cost-Restructuring Drive
Heineken announces a global workforce reduction of 5,000-6,000 roles over two years, targeting €400-500 million in annual savings. The move comes amid softening beer demand and a pending CEO transition.
Astera Labs Shares Tumble 21% on Amazon Warrant Deal, Raising Margin Concerns
Astera Labs stock plummeted over 21% in after-hours trading after disclosing a warrant agreement with Amazon, which analysts say will pressure gross margins. The chip connectivity firm also announced a CFO transition.
Micron Soars on Early HBM4 Shipments, Analysts Boost Targets
Micron Technology shares surged nearly 10% after the CFO confirmed shipments of next-generation HBM4 memory have begun, with analysts raising price targets citing AI demand and tight supply.
IBM Shares Tumble 6.5% Amid AI Disruption Fears and Rate Cut Uncertainty
IBM stock experienced its largest single-day decline on the Dow Jones Industrial Average, dropping 6.5% as software stocks faced pressure from AI automation concerns and shifting Federal Reserve expectations.
RenX Surges After-Hours on Florida Hauling Contract, Nasdaq Deadline Looms
RenX Enterprises shares soared 54% in after-hours trading after its subsidiary secured a new hauling contract in Florida. The company faces a July 27 deadline to lift its stock above Nasdaq's $1 minimum bid requirement.
McDonald's Q4 Sales Surge on Value Strategy, Dividend Hiked
McDonald's posted stronger-than-expected fourth-quarter results, with global comparable sales rising 5.7% and U.S. sales up 6.8%, driven by value-focused promotions. The company also increased its quarterly dividend.
BDX Surges 5% After Revising Long-Term Profit Outlook
Becton Dickinson shares rallied sharply in extended trading after the company updated its 2026 earnings forecast. Investors weighed margin pressures against a solid quarterly performance.
Vertiv Soars on Record Orders and Upgraded 2026 Outlook
Vertiv shares surged 24% after reporting a 252% jump in organic orders and raising its 2026 sales forecast above analyst expectations, driven by robust data center demand.
Omnicom Shares Slide 5% in Extended Trading Amid PR Restructuring
Omnicom Group's stock fell over 5% after hours as the company consolidated its PR agencies ahead of its Q4 earnings report next week.
GE Vernova Surges on Long-Term Turbine Reservation Agreement
GE Vernova shares advanced over 4% after Maxim Power secured a 2030 delivery slot for a gas turbine, signaling strong future demand. Trading volume exceeded 2.7 million shares.
Salesforce Shares Drop on AI Deal and Layoff Concerns
Salesforce stock fell 4.4% in after-hours trading amid reports of workforce reductions and questions about AI investment returns. The company confirmed its acquisition of AI startup Cimulate.
American Express Shares Retreat in Extended Trading Amid Rate Jitters, Debt Issuance
American Express stock declined 2.5% in after-hours trading following a $3.5 billion debt offering and as investors monitored regulatory discussions on card rates and awaited key inflation data.