business
Cloudflare Outage Disrupts Service for X, ChatGPT and Other Sites
The company’s web security tools are invisible to users, but underpin many widely trafficked sites. Source link
Home Depot Cuts Outlook as Home Improvements Slow Down
Home Depot reported lower third-quarter profit and lowered its full-year outlook as an extended downturn in home-improvement activity shows little sign of ending. Source link
Kroger Expands Partnerships with DoorDash, UberEats, Instacart
Kroger said it will book a $2.6 billion charge as it closes some automated facilities and said it expanded partnerships with DoorDash, UberEats and Instacart. Source link
Toyota Motor to Invest $912 Million to Boost Hybrid Production in U.S.
Toyota Motor is investing $912 million to increase production of hybrid vehicles in the U.S. to meet growing demand. Source link
Temu Owner PDD Posts Tepid Revenue Growth, Flags Volatility Ahead
The owner of the bargain-shopping app warned of volatility ahead as it navigates a challenging business environment. Source link
Klarna’s Sales Jump in First Report Since IPO
Klarna logged a jump in sales during its first quarterly report as a public entity, but the buy-now, pay-later company swung to a loss as expenses increased. Source link
Nexstar CEO Says Bigger Is Better in Pitch to FCC
Perry Sook says broadcasters need to grow to better compete with tech companies. Source link
Medtronic Lifts Outlook as Quarterly Profit, Sales Rise
Medtronic raised its fiscal-year outlook after logging higher profit and sales in its latest quarter, boosted by robust demand across end markets and healthy procedure volumes. Source link
Topgolf Callaway Sells Stake in Driving-Range Unit to Leonard Green
Topgolf Callaway Brands said it will sell a 60% stake in its Topgolf unit to private-equity firm Leonard Green as it turns more focus to its equipment and apparel business. Source link
Baidu Posts Biggest Quarterly Revenue Drop Amid Weak Ad Business
The Chinese search-engine giant reported lower revenue as advertising demand remained weak, and swung to a quarterly loss, hit by an impairment charge. Source link