Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
Another top executive is leaving Tesla . Bloomberg says the VP of supply management, Liam O’Connor, has left. O’Connor joined Tesla from Apple in 2015. According to Tesla short-seller Jim Chanos , At least 42 executives have left the company so far this year.
New pressure on Google to protect kids’ data online. Two members of Congress have sent a letter to CEO Sundar Pichai , asking about how YouTube collects data on kids. Back in April, several advocacy groups filed a formal complaint, arguing YouTube was violating federal law by collecting data on children under age 13. Google insists it is in compliance.
One of the biggest suppliers for Amazon ‘s Whole Foods stores is feeling the pinch of rising costs. United Natural Foods fell short in its latest earnings report. That sent the stock skidding in the pre-market, down more than 10%. The CEO says higher than expected freight costs, plus shifting customer demands, drove down revenue.
Texas Instruments is spreading the wealth after its good quarter. The chipmaker is boosting its quarterly cash dividend by 24%. The board has also authorized a $12 billion dollar stock buyback. Texas Instruments says boosting dividends, and buying back stock, is integral to its strategy.
And Uber Eats has set its sights on Europe. Bloomberg says Uber is in talks to buy Deliveroo in a deal that could top $2B. Deliveroo currently operates in 12 countries including Italy, Australia and Hong Kong. Just last year it raised nearly $500M from investors.