Samsung Signs $16.5 Billion Chip-Supply Contract With Tesla
The deal is a major win for Samsung’s U.S. foundry business, with shares in South Korea’s largest company surging.
—-
Audi Cuts Guidance as Tariffs and Restructuring Hit Earnings
U.S. tariffs, restructuring costs and weak market trends have weighed on sales and profitability at the automaker.
—-
Heineken Expects Flat Sales Volumes After Hit From Europe Retailer Disputes
Pricing disputes with retailers in Europe held back beer sales in the second quarter by the world’s second-largest brewer.
—-
EU Warns Temu on Safety of Products Sold on Its Platform
Officials said there is a high risk of consumers finding unsafe products on the e-commerce platform and that the company might be in breach of EU law.
—-
Boeing Stock Shrugs Off Strike Threat After Defense Union Rejects Pay Offer. What to Know.
Boeing is facing another labor strike just months after resolving a contract dispute with workers in the Pacific Northwest. This stoppage could impact the defense business.
—-
Tariffs Delayed the Fall Fashion Line at Upscale Brand Vince. It Wasn’t All Bad.
Vince’s spring clothing lingered longer than normal, but shoppers kept buying.
—-
Singapore Airlines Profit Slumps as Passenger Yields, Inflation Weigh
The city-state’s flag carrier reported a 59% profit drop in its first quarter.
—-
Disney’s ‘Fantastic Four’ Rockets to $118 Million Debut
So far it’s shaping up to be a strong summer, according to Comscore, helping to boost ticket sales so far this year 12% over last year.
—-
Forget Cartier: Made-in-China Luxury Captivates Chinese Consumers
Homegrown names such as Laopu, Mao Geping and Songmont are winning over customers who are losing their taste for high-end Western brands.
—-
CK Hutchison Seeks to Include Chinese Investor in Panama Port Deal
CK Hutchison Holdings is in talks with a BlackRock-led consortium to include a strategic investor from China to push ahead with its plans to sell ports on either end of the Panama Canal.
—-
Citi Rolls Out a New Premium Card in Fight for Affluent Customers
With a $595 annual fee, the Strata Elite will compete with the Chase Sapphire Reserve and American Express Platinum.
—-
Starbucks Faces a New Rival That Won’t Let Up
China’s Luckin opened its first stores in New York, showing off its mobile app and low prices, areas where Starbucks has struggled.
—-
Luxury Brands Are Getting Hit by a Vibe Shift
Expensive labels are trying to figure out why sales have weakened so much outside a recession.
(END) Dow Jones Newswires
July 28, 2025 09:15 ET (13:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.