By WSJ Staff
Retailers including Target (TGT), Lowe's $(LOW)$ and TJX $(TJX)$ are due to report earnings before the opening bell.
Wolfspeed $(WOLF)$: The semiconductor component maker is preparing to file for bankruptcy within a matter of weeks, The Wall Street Journal reported. Shares tumbled more than 50% in premarket trading.
Kraft Heinz $(KHC)$: The food giant said it is evaluating strategic transactions as it seeks to boost shareholder value, but didn't give specifics. The company said two directors representing Berkshire Hathaway $(BRK.B)$ would step down from its board. Kraft Heinz shares ticked up premarket.
Carter's $(CRI)$: The children's clothing company slashed its dividend, citing the need to invest in its business as it faces a challenging market and tariffs.
Toll Brothers $(TOL)$: The homebuilder backed its annual outlook, despite softer demand and a fall in profit last quarter.
Super Micro Computer $(SMCI)$: The server maker is planning to expand its server production capacity in the U.S., as global demand for AI accelerates, its chief executive said.
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(END) Dow Jones Newswires
May 21, 2025 04:41 ET (08:41 GMT)
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