Nvidia Rides Blistering Chip Sales to Another Record Quarter
Astronomical rise in AI agents and demand for data-center computing lift chip maker to $82 billion in first-quarter revenue.
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SpaceX Fires Starting Gun on Its Blockbuster IPO
The Elon Musk-led company filed an investor prospectus for a stock offering expected to raise potentially tens of billions of dollars as soon as mid-June.
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Mind-Blowing Growth Is About to Propel Anthropic Into Its First Profitable Quarter
The startup expects a 130% revenue surge to $10.9 billion in the June quarter and its first operating profit, defying skeptics of the AI boom.
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OpenAI Is Preparing to File for an IPO Very Soon
The artificial-intelligence giant is working with bankers at Goldman Sachs and Morgan Stanley.
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Meta Begins Laying Off Thousands of Employees as It Transforms Around AI
The cuts of roughly 8,000 jobs, or 10% of staff, are meant to offset the cost of the company's AI investments.
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Intuit to Cut Staff, Invest in 'Big Bets'
The maker of TurboTax and QuickBooks will lay off 17% of its workforce as it makes artificial intelligence a centerpiece of its business.
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Target Reports Strongest Sales Gain in Years but Sounds Note of Caution
After a string of weak results, the retailer said more shoppers are gravitating to its refreshed products and stores.
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Urban Outfitters Sales Climb on Growth Across All Segments
Chief Executive Richard Hayne said the company's results marked record first-quarter sales and earnings, with revenue climbing 11% to $1.48 billion.
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Fink's Big Payday Gets Lukewarm Reception From BlackRock Shareholders
The CEO's compensation package rose to $37.7 million in 2025, not counting future awards on carried interest from private funds.
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Lowe's Sales Rise, Boosted by Pro Business Growth
The home-improvement retailer reported higher first-quarter sales boosted by growth in its online channel, even as a stagnant housing market continues to weigh on home improvement activity.
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Ubisoft Delays Profit, Cash Flow Targets as Reboot Continues
The French videogame group said it expects to return to positive non-IFRS operating profit and free cash flow generation in the fiscal year through March 2028, not in fiscal 2027 as previously planned.
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Wendy's Names Robert Wright as CEO
Robert Wright will return to Wendy's as chief executive officer, where he will oversee efforts to reverse a slump in the restaurant chain's U.S. sales.
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James Murdoch to Buy New York Magazine, Other Vox Assets for Around $300 Million
The deal, which also includes the Vox Media podcast division and Vox news site, greatly expands the media holdings of Murdoch's Lupa Systems.
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Hasbro's Uncertain Outlook Weighs on Shares, Overshadowing Strong First Quarter
Hasbro's executives see some obstacles ahead before the company can lift its guidance for the second half of the year.
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Samsung Management, Union Reach Tentative Deal, Averting Strike
The union said it will suspend its May 21-June 7 strike until further notice, as union members will vote on the tentative deal on May 22 through May 27.
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TJX Raises FY Guidance as Consumers Flock to the Off-Price Retailer
T.J. Maxx parent TJX Cos. reported higher first-quarter sales and raised its full-year guidance as the off-price retailer continues to draw customers in a cautious consumer environment.
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CEO Walks Back Comment About Replacing 'Lower-Value Human Capital' With AI
Standard Chartered chief Bill Winters used the phrase while outlining plans for thousands of job cuts.
(END) Dow Jones Newswires
May 20, 2026 17:00 ET (21:00 GMT)
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