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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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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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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ProSiebenSat.1 Urges Shareholders Reject MFE Takeover Bid

The offer price is around 18% below the closing price of May 21 and the group said the bid didn't reflect its future prospects.

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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 13:00 ET (17:00 GMT)

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