Big Banks Explore Venturing Into Crypto World Together With Joint Stablecoin
The discussions involve payments companies co-owned by JPMorgan Chase, other large banks.
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Federal Trade Commission Drops Pricing Lawsuit Against PepsiCo
The lawsuit alleged the beverage company provided promotional pricing deals to a single big-box customer but didn't give the same incentives to other retailers.
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Hinge Health Goes Public, Delivering Much-Needed Win for Digital-Health Startups
The NYSE debut is the first major IPO for a venture-backed digital-health company since the pandemic-era boom.
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Oaktree in Takeover Talks With Superior Industries
The top lender, advised by law firm Paul Weiss, is in discussions to take over the aluminum wheel maker struggling with auto parts tariffs.
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Fortescue Energy CEO to Resign in Executive Overhaul
Mark Hutchinson will step down as Dino Otranto, who leads the miner's metals business, assumes an expanded role.
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Goodyear Tire to Sell Majority of Chemical Business for $650 Million
Gemspring Capital Management will acquire chemical facilities in Houston and Beaumont, Texas, as well as a related research office in Akron, Ohio.
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Intuit Seeing Stable Environment for Consumers, Businesses While Tariffs Play Out
Stronger-than-expected results in the latest quarter prompted the financial technology platform to raise its outlook for the year.
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Deckers Outlook Misses Expectations as Tariffs, Slowing Hoka Sales Apply Pressure
The footwear company, which also owns Ugg and Teva, wouldn't share an outlook for fiscal-year 2026, citing macroeconomic uncertainties. Shares fell in after-hours trading.
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Ross Stores Withdraws Outlook Due to Tariffs, Posts Lower Profit
The discount department store chain said it was off to a slow start in the first quarter, and withdrew its full-year outlook as tariffs are expected to drag on earnings.
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Autodesk Boosts Full-Year Guidance After Increase in Quarterly Sales
The software company now expects full-year revenue between $6.925 billion and $6.995 billion, up $30 million on either end of the range. Shares rose in after-hours trading.
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Workday Logs Higher Revenue, Backs Outlook; Initiates Buyback Program
The human-resources software company logged higher first-quarter revenue and reaffirmed its full-year outlook as sales in its key subscription segment continue to rise.
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Rooftop Solar Takes Gut Punch in House Tax Bill
The bill sunsets renewable energy credits, as expected, but includes more stringent provisions and rollback dates that were seen as especially bleak for rooftop solar.
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Match Group CEO Rascoff to Lead Struggling Tinder App
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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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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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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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.
(END) Dow Jones Newswires
May 22, 2025 23:00 ET (03:00 GMT)
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