Starbucks Cuts Hundreds More Corporate Workers in Turnaround Bid
The company is laying off 300 employees and closing some offices as it seeks to slim down.
----
Bill Ackman's Pershing Square Bets on Microsoft's AI Ambitions With New Stake
The investor says the tech company is underpriced, and he will disclose the stake in regulatory filings later Friday.
----
Chip Stocks Slide After U.S.-China Summit Ends Without Major Tech Deals
Global semiconductor stocks skidded after a summit between President Trump and Chinese leader Xi Jinping concluded without major chip deals or a breakthrough on Nvidia's sales to the country.
----
The Blockbuster Cerebras IPO Is a Huge Bet on Nvidia Fatigue
A startup known for its big chips now has a giant valuation to live up to.
----
Toyota Mulls $2 Billion Investment to Add Assembly Line in Texas
The Japanese carmaker plans to begin construction later this year, with production targeted to start in 2030.
----
Stellantis, Dongfeng Ink $1.17 Billion Deal to Make EVs in China
Stellantis is partnering Dongfeng Group to produce electric vehicles under the Peugeot and Jeep brands in China.
----
Salvatore Ferragamo Plummets After Lack of Growth Acceleration
The luxury fashion group reported a decline in first-quarter sales, dashing hopes for a sustained recovery amid a broader struggle for luxury brands.
----
Hana Bank to Buy $670 Million Stake in Crypto Exchange Operator Dunamu
Hana Bank will buy a roughly $670 million stake in crypto-exchange operator Dunamu, marking the largest single investment by a South Korean bank in digital-asset entities.
----
Honda's Never Faced a Crisis Like This-and a Comeback Won't Be Easy
The Japanese automaker reported a $2.7 billion loss amid EV whiplash in the U.S., its biggest market.
----
Applied Materials Raises Outlook as Semiconductor Equipment Demand Grows
Applied Materials expects stronger sales for its semiconductor equipment business this year than it previously forecast as demand for artificial intelligence computing continues to surge.
----
Lawyers Trade Barbs on Credibility of Elon Musk, Sam Altman in OpenAI Trial
The world's richest man testified that OpenAI allegedly "stole a charity" in its for-profit conversion, while Altman defended the change.
----
LVMH to Sell Marc Jacobs Fashion Brand to WHP, G-III Apparel
Jacobs said he plans to stay on as creative director of his brand after the deal closes.
(END) Dow Jones Newswires
May 15, 2026 11:00 ET (15:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments