2U, Inc. (TWOU) stock rises 21% on Byju’s US$1-bn buyout offer

Highlights: US cosmetics giant Revlon Inc. (NYSE: REV) files for bankruptcy. Revlon failed to withstand competition from celebrity-backed cosmetic startups. Founded in the early 20th century, Revlon is considered a doyen in the cosmetics indus...

The world’s largest toymaker Lego announced on Wednesday about investing US$1 billion in a new factory in the US to address a growing demand for its brick in the region. The new factory, which will come up in Chesterfield County, Va., outsid...

Highlights: Target Corp on Thursday raised its quarterly dividend by 20% to $1.08 per share despite announcing warning of weaker margins. It would offer more discounts and cancel orders with suppliers as it struggles to clear excess inventory. ...

Highlights:  General Motors Co (GM) will begin production of its Chevrolet Tracker SUV in Argentina next month. The company plans to export the new vehicle to other Latin American countries, mainly to Brazil and Colombia. GM is on...

Highlights: China's BYD is preparing to supply Tesla Inc with batteries "very soon". In 2020, BYD officially launched its Blade battery, a less bulky lithium-iron-phosphate (LFP) battery. Chinese battery giant CATL is currently the sole suppli...

Highlights: SpartanNash Company (NASDAQ: SPTN) declared a quarterly cash dividend of US$0.21 payable on June 30, 2022. Its current dividend yield is 2.35%. Last month, Grocery Outlet Holding Corp. (NASDAQ: GO) partnered with Uber for grocery de...

The U.S. government on Monday asked Mexico to review whether workers at an auto parts plant owned by Italian-French carmaker Stellantis (NYSE: STLA) were denied their rights under the terms of the North American trade agreement. Also Read: BPT to ...

Hormel Foods Corporation (NYSE: HRL) posted record sales and double-digit earnings in its Q2 FY-22 earnings results on Thursday, June 2, 2022. The leading global food brand, Hormel, delivered record net sales of US$3.1 billion, which is up 19% fro...

Highlights: Ford Motor on Thursday said it will invest $3.7 billion in assembly plants for the production of both electric and gasoline-powered vehicles. Ford said $2.3 billion of the total investment will be spent on EVs. The company has said...

Consumer discretionary stocks are companies that manufacture or offer services considered non-essential, such as entertainment, cars, furniture, etc. Some large consumer discretionary companies are Amazon.com Inc (AMZN), Tesla Inc (TSLA), and Nike ...