Campbell’s said fourth-quarter net sales fell more than expected and it issued a weaker-than-expected outlook for annual profit and sales. The company cut its quarterly dividend by more than a third to prioritize debt reduction and is targeting about $500 million in cost savings by fiscal 2030 after closing some plants and reducing headcount. With lower-income shoppers shifting to cheaper brands and store labels, Campbell’s has implemented average price increases of 4% to 5% across roughly 60% of its portfolio.

Dell Technologies’ shares jumped after its earnings report as the company posted a record $95 billion backlog for AI servers. Dell also raised its full-year revenue and profit guidance. The update underscores strong demand for data-center AI infrastructure and strengthens Dell’s position in the market.

Japanese stocks fell sharply on Wednesday after renewed U.S.-Iran military strikes pushed oil prices higher and stoked worries about economic growth. The Nikkei 225 ended down 2.95% at 64,254.56, while the Topix fell 2.37%. Higher government bond yields weighed on growth shares, with tech and chip-related names under pressure and SoftBank Group down more than 6%. Defensive drugmakers bucked the decline and rose.

Renewed Middle East hostilities pushed oil prices higher, with Brent futures at $95.52 a barrel and WTI at $91.02. Expectations of a Federal Reserve rate hike in September rose to 67% from about 40% a week earlier, while the 10-year U.S. Treasury yield climbed to 4.8%. The dollar strengthened as the pound slipped to $1.3509, the Australian dollar held at $0.7143, and the yen stayed weak.

HDFC Bank CEO Sashidhar Jagdishan will depart after his term ends next month. New chairman Rajiv Kumar sought aggressive changes and executive replacements. Jagdishan resisted some proposals and decided not to seek reappointment. The bank now faces a swift search for a new leader. This departure adds to recent turmoil and stock market struggles.

Renewed military strikes between the U.S. and Iran pushed oil prices sharply higher, with WTI up 3.38% to $86.24 a barrel and Brent up 3.52% to $91.20 per barrel. The jump in crude intensified inflation concerns after Federal Reserve Chair Kevin Warsh made hawkish remarks, lifting expectations for a September rate hike. The 10-year U.S. Treasury yield climbed to 4.764% and the 30-year yield rose to 5.266%, both hitting recent highs.

Federal Reserve Chair Kevin Warsh said policymakers still “have work to do” if they do not gain enough confidence that inflation is moving toward the 2% target, lifting expectations for a September rate increase. Gold has fallen for four straight sessions, down Rs 9,500 per 10 grams, while silver is down Rs 7,700 per kg over three sessions. Spot gold hit its lowest level since August 19 during the session.

Federal Reserve Chair Kevin Warsh struck a hawkish tone on Friday, suggesting the central bank may raise rates if inflation does not move back toward its 2% target. Markets lifted the implied probability of a September hike to 57% from 36% on that signal. Spot gold was flat on Monday at $4,455.29 an ounce after touching its lowest level since August 19 and dropping more than 3% on Friday. December gold futures slipped 0.6% to $4,504.90 as investors awaited U.S. labor-market reports due this week.

Crude oil prices ended a three-week rally, posting their first weekly decline in nearly a month. Brent fell more than 5% for the week, while WTI dropped more than 4%. Improving passage through the Strait of Hormuz eased supply worries, though Goldman Sachs and JPMorgan warned that prolonged shipping disruptions could still keep upside risks in play.