Hinge Health Gains in Market Debut, Providing a Favorable Sign for IPOs
Shares of Hinge Health rose in their New York Stock Exchange debut, one of several favorable signals for an initial public offering market that stalled in early April.
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China's BYD Outsells Tesla in Europe for First Time
The development was a setback for Elon Musk's EV maker as it faces growing competition overseas.
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Antitrust Cops Say BlackRock, Other Fund Giants May Have Hurt Coal Competition
The Justice Department and FTC for the first time are raising concerns about how large institutional investors wield ownership of shares in rival companies.
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Tinder CEO Iosotaluno to Step Down; Match Group CEO Rascoff to Be Successor
Match Group Chief Executive Spencer Rascoff said he plans to step in to lead the company's struggling Tinder unit after the dating app's chief executive said she would resign.
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Apple, Tesla and Nvidia Shares to Trade as Digital Tokens on Crypto Exchange Kraken
The platform will offer overseas customers tokenized versions of more than 50 stocks and ETFs.
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OpenAI Commits to Giant U.A.E. Data Center in Global Expansion
The Stargate UAE project is part of a push by the Gulf petrostate to become a big player in artificial intelligence.
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Stellantis to Postpone Production of Electric Dodge Charger Model at Ontario Plant
Stellantis said it would delay production of its 2026 base-model electric Dodge Charger Daytona at its plant in Windsor, Ontario, while it assesses the effects of the Trump administration's tariff policies.
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TD Bank Quarterly Earnings Buoyed by Sale of Schwab Stake
Toronto-Dominion Bank's earnings soared in the recent quarter thanks to the exit from its investment in Charles Schwab, though loan-loss provisions were on the rise and the bank cautioned the economic outlook had weakened in the wake of President Trump's tariffs.
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BJ's Wholesale Club Results Strengthen, Backs FY25 Outlook
The Marlborough, Mass., warehouse club said it recorded net income of $149.8 million, or $1.13 a share, for the first quarter ended May 3, up from $111 million, or 83 cents a share, in the prior-year period.
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PepsiCo Is Pushing Back its Climate Goals. The Company Wants to Talk About It
The snacks and beverage giant's sustainability chief said the world ‘was a very different place' when it set its targets.
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Lenovo Well-Placed to Tackle Tariff Risks, CEO Says
U.S. tariffs on China caught Lenovo off-guard but the company will be faster and better at adjusting to tariff shifts than its competitors, Yang Yuanqing said.
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Rio Tinto CEO Jakob Stausholm to Step Down
During his nearly five-year stint at the helm of the world's second-biggest miner, Rio Tinto has sought to repair its reputation with investors and communities.
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Ralph Lauren to Raise Prices as Luxury Shoppers Keep Spending
The luxury apparel-and-accessories company reported a bigger profit and a jump in revenue, citing higher prices and lower cotton costs. It also said will raise prices more than previously planned in order to offset tariffs.
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Advance Auto Parts Maintains 2025 Outlook
Advance Auto Parts maintained its outlook for the year while reporting better-than-expected results in its latest quarter.
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Honeywell to Buy Johnson Matthey's Catalyst Unit For $2.4 Billion
The U.S. industrials conglomerate agreed to buy Johnson Matthey's catalysts unit, lifting shares in the British platinum refiner.
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What Sam Altman Told OpenAI About the Secret Device He's Making With Jony Ive
The idea is a "chance to do the biggest thing we've ever done as a company here," Altman told OpenAI employees Wednesday.
(END) Dow Jones Newswires
May 22, 2025 15:00 ET (19:00 GMT)
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