SpaceX Eyeing Roughly $1.75 Trillion Valuation in IPO Next Week
Banks are in line to make hundreds of millions of dollars from the offering; JPM has an additional role as party planner.
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Baidu Sees Healthy AI-Driven Revenue Growth in Next Few Quarters
Baidu expects to list its chip unit in Hong Kong within this year, and for artificial-intelligence income.to support healthy revenue growth over the next few quarters.
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Inditex Sales Accelerate Despite Tough Market Backdrop
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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Greg Abel Puts His Stamp on Berkshire Hathaway With Pair of Megadeals
In one weekend, Warren Buffett's successor has given shareholders a reason to believe he is a savvy dealmaker.
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Nestle Partners With Startup Helaina to Develop Infant Formula With Human Proteins
The partnership comes a few months after Nestle's infant nutrition business was rocked by a tainted-ingredient crisis.
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Palo Alto Networks Revenue Rises as Customers Beef Up Cyber Defenses
Chief Executive Officer Nikesh Arora said the results should demonstrate that fears of a so-called "SaaS-Pocalypse," in which AI-native firms will come to displace legacy software incumbents, are misplaced as applied to the cybersecurity industry.
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GameStop Posts Higher Profit, Launches $2 Billion Buyback Program
The videogame retailer said sales rose to $835.3 million, driven by collectibles.
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GitLab to Cut 14% of Workforce as Part of AI Pivot
The maker of software-development tools is cutting 350 full-time employees and exiting 22 countries as part of a restructuring it floated in May.
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Ulta Beauty Revenue Rises on Growth Across Channels, Major Categories
The cosmetics and fragrances retailer's sales rose 11% in the fiscal first quarter.
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GM's Profitable Trucks Targeted in Latest UAW Strike
The dispute at a Michigan parts supplier imperils GM's Chevrolet Silverado and GMC Sierra pickups as well as midsize trucks.
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Coinbase Founder's Longevity Startup Triples in Value
Now worth $3.1 billion, NewLimit plans to test its RNA therapy in alcohol-related liver-disease patients next year.
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UniCredit Clears Key 30% Threshold in Commerzbank Takeover Bid
The lender said Tuesday that shares representing around 7.6% of Commerzbank's share capital have been tendered as part of its roughly $28 billion takeover attempt.
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Dollar General Is Winning Over Value-Seeking, Stressed Shoppers
Dollar General's customers are feeling stressed, increasingly reining in spending on household expenses such as groceries as they face higher prices at the gas pump.
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Genco Board Unanimously Rejects Diana Shipping's Latest Buyout Offer
Dry-bulk shipping company Genco said its board reached the decision after thoroughly reviewing the offer with external advisers and determining its value was below its net asset value and didn't include a control premium.
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Bra Sales Power Victoria's Secret Turnaround and Shares Soar
The lingerie and apparel retailer swung to a $47.7 million profit in the first quarter from a loss a year earlier, and raised its full-year outlook.
(END) Dow Jones Newswires
June 03, 2026 03:00 ET (07:00 GMT)
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