Latest Corporate News
Best Buy beats Q1 expectations and keeps full-year profit guidance
Best Buy reported fiscal Q1 2027 comparable sales growth of 2.0%, with diluted EPS up 38% to $1.31 and adjusted EPS up 11% to $1.28. The company also reiterated its FY27 adjusted diluted EPS guidance of $6.30 to $6.60 and raised its quarterly dividend to $0.96 per share.
Hyatt outlines strategy and financial outlook at Investor Day
Hyatt said it would highlight its strategy and illustrative financial outlook at its 2026 Investor Day. The announcement signals management’s focus on long-term growth priorities and portfolio execution as the hotel group presents its forward plan.
Salesforce pressure grows after revenue outlook misses estimates
Bloomberg’s coverage says Salesforce shares slipped in late trade after the company’s current-period revenue outlook fell short of analyst estimates. The report notes Salesforce now expects second-quarter revenue of about $11.3 billion, adding to investor concern around AI monetization.
PDD shares fall sharply after fourth-quarter miss
Bloomberg reported that shares of Temu owner PDD fell the most in a year in New York after the company’s fourth-quarter results missed expectations. Sales rose 11%, but Morgan Stanley said the performance showed a meaningful shortfall relative to expectations.
TSMC CEO reportedly promises profit-sharing increase
Bloomberg said TSMC’s chief executive told staff that profit-sharing payouts could rise by more than 30% this year. The announcement reportedly came during a town hall meeting after employees voiced concerns online about compensation.
Allianz says global insurance market kept expanding in 2025
Allianz’s Global Insurance Report 2026 estimates the global insurance industry grew 7.1% in 2025 to EUR6.9 trillion, adding EUR456 billion to the premium pool. The report projects the market will expand at an average annual rate of 5.3% over the next decade.
Global ETF issuance remains active across Asia and digital assets
ETF Express reported a wave of new fund launches across the week of May 21–28, including metals-themed ETFs in Japan, new ETNs in Korea, and a Bitwise Canton ETP. The activity reflects continued investor demand for thematic, commodity, and crypto-linked products.
Poland and the UK sign a new defense and security treaty
Euronews reported that Polish Prime Minister Donald Tusk and UK Prime Minister Keir Starmer signed a major new defense and security treaty in London. The deal is meant to strengthen border security, counter organized crime, deepen collective defense, and expand cybersecurity cooperation.
NASA advances commercial lunar-base contracting
Euronews and Houston Matters both reported that NASA outlined next steps for building a lunar base and awarded contracts to commercial companies for robotic landers, drones, and rovers. The reporting says Blue Origin is among the firms selected for one of the privately funded lunar lander missions.
Pharma and healthcare corporate developments remain active
MM+M reported several corporate-healthcare items, including progress in cholesterol-lowering drugs, a CVS lawsuit over Tennessee PBM law, and a Trump administration move involving Ebola exposure quarantine policy. These developments highlight ongoing regulatory and commercial pressure in healthcare-related businesses.