Meta Is Delaying the Rollout of Its Flagship AI Model
The company’s struggle to improve the capabilities of latest AI model mirrors issues at some top AI companies.
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Trump Presses Apple to Bring iPhone Manufacturing to America. Wall Street Shrugs.
The president made remarks that took aim at Apple CEO Tim Cook’s plans to shift some production to India.
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Applied Materials Results Show Customer Demand Remains Unchanged
Applied Materials reported higher profit and revenue in the latest quarter as demand for its semiconductor equipment remains stable.
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Take-Two Interactive’s Outlook Misses Estimates After ‘Grand Theft Auto VI’ Delay
The lowered fiscal-year outlook came as the videogame developer widened its net loss in the recent quarter and posted higher sales. Shares fell in post-market trading.
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New Allegations About Timing of Pfizer Covid Vaccine Passed to House Panel
A former Pfizer scientist said the timing of the 2020 vaccine results “wasn’t a coincidence,” according to allegations provided by a rival drugmaker.
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Walmart Becomes Biggest Retailer Yet to Pass Through Tariff Price Increases
The retailer plans to raise prices this month and early this summer, when tariff-affected merchandise hits its store shelves. Some prices already have increased.
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UnitedHealth Group Is Under Criminal Investigation for Medicare Fraud
The company’s stock has declined over its financial performance and the sudden replacement of its CEO.
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Coinbase Says Cybercriminals Stole Customer Data, Sought Ransom
The cryptocurrency exchange estimated preliminary expenses of $180 million to $400 million for remediation costs and voluntary customer reimbursements.
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Deere Adjusts FY25 View Amid Tariff Whiplash as 2Q Results Weaken
The world’s largest seller of farm equipment broadened its fiscal 2025 net income outlook to a range of $4.75 billion to $5.5 billion from previous range of $5 billion to $5.5 billion.
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Dick’s Sporting Goods to Buy Foot Locker for $2.4 Billion
Dick’s said it would pay $24 a share in cash for the sneaker retailer, representing a nearly 90% premium to Foot Locker’s share price.
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Alibaba Revenue Grows Despite Competition, Boosting Profit
The Chinese e-commerce giant’s fourth-quarter revenue grew even as it continued to face fierce domestic competition and geopolitical uncertainties abroad.
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Singapore Airlines Posts Another Record Annual Profit
The airline said tariffs and trade uncertainty cloud the outlook for the industry.
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Salvatore Ferragamo’s Shares Drop After Brand Turnaround Doesn’t Help Sales
The company faces a broader downturn in demand for high-end goods which has been particularly sharp in China.
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Sandal-Maker Birkenstock Lifts Earnings View After Strong Sales
The U.S.-listed company now expects constant-currency revenue growth toward the high end of its guided 15% to 17% range.
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Iveco, Thyssenkrupp Aim to Cash in on European Defense Boom
Both companies are moving ahead with plans to spin off their defense businesses as Europe pushes to rearm.
(END) Dow Jones Newswires
May 15, 2025 17:00 ET (21:00 GMT)
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