Unilever shares dropped as investors worried about a potential food business split. This comes soon after the company separated its ice cream brands. Analysts suggest the new CEO needs more time before further restructuring. The food business, including Knorr and Marmite, reported profits last year. Investors have long pushed for a sale of the slow-growing food division.
Why IBM shares crashed 26%: CEO highlights customer spending shifts towards AI
IBM’s second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients prioritized