Broadcom Revenue Climbs on AI Chip Demand
The semiconductor and software maker says semiconductor revenue from AI more than doubled to $10.8 billion in the quarter, boosted by increasing demand for custom AI accelerators and AI networking, Chief Executive Hock Tan said.
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Bill Ackman's Pershing Square Set to Make $600 Million on Universal Stake
The hedge-fund firm first invested in the company in 2021 and has failed to clinch two proposed deals.
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Real-Estate Giant Compass Under Antitrust Investigation in New York
The state attorney general is investigating Compass after it closed a $1.6 billion acquisition of a rival brokerage firm. Compass shares fell 12% Wednesday.
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PVH Cuts Outlook Citing Iran War Impact on Sales
The owner of Tommy Hilfiger and Calvin Klein said it now expects full-year revenue to stay approximately flat, compared to previous guidance of a slight increase.
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Shoppers Are Spending More at Macy's as Turnaround Continues
Macy's and its sister brands Bloomingdale's and Bluemercury have added higher-end products. Customers are snapping them up.
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Silicon Valley Stalwart Benchmark Breaks From Past, Embraces Mature Startups
After a late-stage bet on Cerebras delivered big returns, Benchmark decided to raise its first-ever growth fund.
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Medtronic Posts Higher Profit, Sales
Medtronic said its profit and sales rose during its fiscal fourth quarter, reflecting steps the company has taken to improve business performance and drive growth.
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Zara Owner Shrugs Off Middle East Turmoil to Post Faster Sales Growth
Sales at the Spanish fashion retailer-which houses Zara, Massimo Dutti and Bershka-rose 11.5% compared with the prior year.
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The Meltdown Inside '60 Minutes'
A wild week of firings and fireworks lays bare the challenges Bari Weiss faces in revamping CBS News and its flagship show.
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U.K. to Let Publishers Keep Content Out of Google Search's AI Tool
The move aims to give publishers control over how their content is used by AI and put them in a stronger position to negotiate with Google.
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Eli Lilly, Ascidian Sign $1.9 Billion Kidney-Disease Treatment Deal
Eli Lilly signed a collaboration and licensing agreement worth up to $1.9 billion with Ascidian Therapeutics to research and develop kidney-disease treatments.
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Sleep Number Prepares for Bankruptcy Filing to Address Debt Load
The mattress maker is preparing to file for bankruptcy as it contends with a high debt burden and deteriorating financial performance, people familiar with the matter said.
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Baidu Sees AI, Chip Business Driving Healthy Revenue Growth
Baidu expects to list its chip unit in Hong Kong this year, and for artificial-intelligence income.to support healthy revenue growth over the next few quarters.
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'60 Minutes' Correspondent Scott Pelley Fired by CBS News
Pelley's exit comes after he made comments critical of Editor in Chief Bari Weiss.
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Germany's Rheinmetall to Sell Auto Business to Focus Entirely On Defense
The arms maker agreed to sell its automotive unit to industrial group Aequita for a provisional price of €350 million.
(END) Dow Jones Newswires
June 03, 2026 17:00 ET (21:00 GMT)
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