News Highlights: Top Company News of the Day
26 May 2023 - 05:30PM
Dow Jones News
Chip Companies, Wary of Break With China, Seek Looser Limits on Federal Cash
Businesses are urging the U.S. government to rethink proposed
rules for awarding grants and tax credits for the U.S.
How AI Is Catapulting Nvidia Toward the $1 Trillion Club
The company's chips are leaders in processing the complex
calculations driving the latest internet revolution.
Tesla, Ford Team Up in EV Charging Deal
The partnership would give Ford customers access to to more than
12,000 fast-chargers, known as Superchargers, beginning in early
Hyundai Motor, LG Energy to Build Battery JV in U.S.
Hyundai Motor Group and LG Energy Solution plan to build a $4.3
billion electric-vehicle battery factory in the U.S., strengthening
their tie-up overseas to meet growing demand for EVs.
Gap Sees Improved Gross Margin Expansion, Plans Fewer Store Openings
Gap said that it expects to close the year with an improved
gross-margin expansion amid lower investments and store
Kohl's, Costco, Lowe's Sales Sluggish as Shoppers Pull Back
Consumer wariness constrains earnings for retailers Dick's,
e.l.f. Beauty and Williams-Sonoma.
Nike Sticks With Ja Morant's Latest Sneaker Despite Rocky Rollout
Nike released a sneaker from Ja Morant despite the Memphis
Grizzlies star's recent suspension from his team and some retailers
dropping the launch.
Costco Sees Weaker Demand for Discretionary Items
The company's same-store sales increased 0.3% this quarter, less
than what analysts were forecasting.
Theft and Thrift Squeeze Dollar Tree
Shrink and a sales shift to lower-margin consumables pressured
profits at Dollar Tree.
Paramount Global Controlling Shareholder Gets $125 Million Investment
The cash infusion in Shari Redstone's National Amusements comes
weeks after Paramount cut its dividend, a key source of income for
Redstone and her family.
(END) Dow Jones Newswires
May 26, 2023 03:15 ET (07:15 GMT)
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