Dow Jones Top Company Headlines at 7 AM ET: Sorry Europe, American Luxury Brands Are In | Alibaba ...

Dow Jones
Aug 29

Sorry Europe, American Luxury Brands Are In

High-end U.S. fashion houses are outperforming in shops and in the stock market.

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Alibaba Creates AI Chip to Help China Fill Nvidia Void

Chinese chip companies and artificial-intelligence developers are building up their arsenal of homegrown technology, backed by a government determined to win the AI race.

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Cambricon Technologies Warns of Trading Risks After Stock Surges

The chip maker overtook liquor maker Kweichow Moutai as China's most valuable stock this week.

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Ulta Beauty Lifts Fiscal-Year Guidance as Second-Quarter Profit, Sales Rise

The cosmetics and fragrances retailer boosted its guidance for the fiscal year.

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Gap Expects Stronger Headwinds From Tariffs This Fiscal Year

The apparel company forecast larger ripples from tariffs this fiscal year given recent changes in trade policy, but said it expects to mitigate any added costs over time.

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Dell Technologies Raises Full-Year Outlook, Third-Quarter View is Mixed

The company raised its outlook for the year as AI demand rages on, though softer expectations for the current quarter weighed on the stock.

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Caterpillar Says Higher Tariff Costs May Reach $1.8 Billion

The construction and mining manufacturer is now expecting tariffs to have a greater impact on its finances.

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Petco Boosts Earnings Outlook, Swings to Profit

The pet-products retailer raised its full-year earnings outlook after swinging to a profit in its latest quarter as its turnaround progresses.

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Autodesk Bumps Up Guidance as Sales Jump

The company, which provides AutoCAD and other design software, logged double-digit sales growth in its latest quarter, helped by strong demand for its architecture, engineering, construction and operations software.

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Affirm Swings to Profit as Top Merchants Boost Volume

The buy now, pay later company saw gross merchandise volume at its top five merchants and platform partners increasing 41%.

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With Outcome Uncertain, UAW Claims Battery Plant Win

A contest over United Auto Workers union representation at a Kentucky EV battery plant of Ford Motor joint-venture BlueOval SK is coming come down to a handful of disputed ballots.

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Hormel to Raise Prices, Citing Costlier Pork, Beef and Nuts

The Spam maker is the latest company to warn of higher prices for food and household goods. Rising commodity costs led it to reduce its profit outlook.

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Lawmakers Press UnitedHealth on Hack Loan Repayments

The senators probe tactics the healthcare giant used to collect debts after a 2024 cyberattack.

 

(END) Dow Jones Newswires

August 29, 2025 07:00 ET (11:00 GMT)

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