financetom
Business
financetom
/
Business
/
Sector Update: Consumer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer
Jul 9, 2025 12:44 PM

03:28 PM EDT, 07/09/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.5%.

In sector news, Linda Yaccarino said Wednesday on X that she is stepping down as chief executive of the social media company.

In corporate news, Kraft Heinz ( KHC ) is selling its Italian baby and specialty food business to NewPrinces, the Italy-based buyer said Wednesday. Kraft Heinz ( KHC ) shares were down 0.2%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Pfizer slashes stake in COVID vaccine partner BioNTech
Pfizer slashes stake in COVID vaccine partner BioNTech
Nov 13, 2025
(Reuters) -Pfizer Inc ( PFE ) said on Thursday that it sold 54.7% of its stake in German drugmaker BioNTech SE, more than five years after both firms formed an alliance that yielded a vaccine to combat the deadly COVID-19 pandemic. This marks a strategic shift after Pfizer ( PFE ) and BioNTech began their partnership in 2018, collaborating on...
Australia's AUKUS base to connect to subsea cables as US allies boost AI pipes
Australia's AUKUS base to connect to subsea cables as US allies boost AI pipes
Nov 13, 2025
* SUBCO cable includes spur to HMAS Stirling naval base * Two Google cables crossing Indian Ocean to land near navy base * Google environmental application notes geostrategic shifts in Indo-Pacific By Kirsty Needham SYDNEY, Nov 14 (Reuters) - Australia's AUKUS submarine fleet base and its vicinity are being quietly connected to three powerful new undersea internet cables planned by...
Stantec Reports Higher Third-quarter Earnings, Revenue; Adjusted EBITDA Margin Guidance Updated
Stantec Reports Higher Third-quarter Earnings, Revenue; Adjusted EBITDA Margin Guidance Updated
Nov 13, 2025
05:28 PM EST, 11/13/2025 (MT Newswires) -- Stantec ( STN ) after trade Thursday posted higher third-quarter earnings and revenue, and updated its 2025 adjusted EBITDA margin outlook. The engineering and design company reported adjusted earnings, excluding most one-time items, of $174.1 million, or $1.53 per share, up from $147.9 million, or $1.30, a year ago. FactSet expected $1.53 per...
US airlines reduce flight cuts for Friday despite 6% FAA order
US airlines reduce flight cuts for Friday despite 6% FAA order
Nov 13, 2025
WASHINGTON (Reuters) -U.S. airlines have cut far fewer flights for Friday despite no change in a requirement that they cut 6% of domestic flights at the 40 busiest American airports, according to aviation analytics firm Cirium and airline officials. The Federal Aviation Administration late on Wednesday said it would freeze mandatory flight cuts at 6%, and would not hike cancellation...
Copyright 2023-2026 - www.financetom.com All Rights Reserved