Alibaba Ramps Up AI Push With New Chip, Model Upgrades
Though AI investment has significantly dragged on Alibaba's profitability in recent quarters, management has expressed confidence that the investment will pay off.
----
Samsung Management, Union Fail to Reach Deal in Last-Minute Talks
The South Korean chip maker said it couldn't accept the union's demands, including compensation even for unprofitable business units.
----
Analog Devices to Buy Empower Semiconductor for $1.5 Billion
The deal will help Analog Devices expand its total addressable market in artificial-intelligence compute power delivery as demand from AI developers climbs, the semiconductor company said.
----
Andrej Karpathy, Tesla Alum and OpenAI Co-Founder, Joins Anthropic
Karpathy joined Anthropic's pretraining team and will lead a new group focused on using Claude to accelerate pretraining research, according to the company.
----
Marks & Spencer's Full Year Profit Falls Despite Second-Half Rebound
Pretax profit dropped 29%, though the retailer said its performance rebounded in the second half and that it was recouping losses from last year's cyberattack.
----
Agnico Eagle Approves $2.4 Billion Investment in Gold Project
The Toronto miner's investment in the Hope Bay project revives a mine in Canada's Arctic that China had hoped to run.
----
Toll Brothers Says Its Average Home Prices Back Above $1 Million
The luxury homebuilder said the average price of homes it completed sales on last quarter broke above $1 million for the first time since mid-2024.
----
Cava Revenue Climbs as Traffic Grows
The Mediterranean fast-casual restaurant chain said it expects its momentum to continue, boosting its fiscal-year guidance.
----
Google Unveils New Gemini AI Agent for Personal Tasks
The tech firm highlights both Spark and Omni, a video-creation tool, at its annual developer conference.
----
Emails Show How Lululemon's Peace Treaty With Its Founder Fell Apart
A surprise note from the company's chair marked an escalation of the fight after the two sides appeared close to coming to terms.
----
Fermi's Ousted CEO Pushes for Board Overhaul Vote in June
Toby Neugebauer, the co-founder, largest shareholder and former chief of Fermi, looks to wrest back control of the company from its new management.
----
Berkshire Hathaway Rekindles Its Tortured Love Affair With Airlines
CEO Greg Abel is showing an early fondness for them with Berkshire taking a new $2.6 billion position in Delta during the first quarter.
----
TJX Results Will Show if Shoppers Are Still Bargain Hunting
TJX Cos., owner of TJ Maxx and Marshalls, will report earnings on Wednesday. Shares traded up going into the report.
----
Home Depot Posts Lower Profit as Homeowners Hold Off on Large Projects
Home Depot reported lower fiscal first-quarter profit and Chief Financial Officer Richard McPhail said in an interview that homeowners are continuing to pull back on large home-improvement projects due to economic uncertainty.
----
United Airlines Expects an Uptick in Summer Travelers
United Airlines said it expects to serve about 53 million travelers this summer-about 3 million more than last year.
(END) Dow Jones Newswires
May 20, 2026 03:00 ET (07:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.