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.
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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.
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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.
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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.
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Target Names a New Supply-Chain Head as It Struggles With Weak Sales
Former Walmart executive Jeff England will lead supply chain and logistics at the retailer as Target tries to pull out of a yearslong sales slump.
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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.
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Google and Blackstone to Create New AI Cloud Company
The duo plans to launch the unnamed U.S. company with $5 billion in equity capital from Blackstone, which will be the majority owner.
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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.
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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.
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Banana Republic Taps PVH's Donald Kohler as CEO
Kohler will join Gap as global brand president and chief executive of its Banana Republic brand.
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Germany to Sell Off Most of Its Stake in Nationalized Utility Uniper
German government said it plans to cut its stake in utility Uniper to a minority position, four years after being forced to bail the company out in the wake of the energy crisis sparked by Russia's full-scale invasion of Ukraine.
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StanChart Lays Out Plan for 18% Return, Corporate Job Cuts
The bank is aiming for a more than 15% return on tangible equity in 2028, building up to about 18% in 2030.
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ArcelorMittal Sells $667 Million Stake in Vallourec to Boost Shareholder Returns
The steelmaker said it sold a stake equivalent to around 10% of Vallourec's outstanding share capital and plans to channel the proceeds to shareholders through its ongoing buyback.
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Chinese Memory-Chip Maker YMTC Kicks Off Pre-IPO Guidance Talks
The leading Chinese memory-chip maker officially started its prelisting regulatory review process, a major step toward its highly anticipated initial public offering.
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IG Group Shares Hit Record on Guidance Raise
The online-trading company raised its guidance following a strong start to the year, pushing its stock 11% higher to lead the FTSE 100 risers.
(END) Dow Jones Newswires
May 19, 2026 15:00 ET (19:00 GMT)
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