Home Depot Posts Lower Profit as Homeowners Hold Off on Large Projects
Home Depot reported lower fiscal first-quarter profit and Chief Financial Officer Richard McPhail said in an interview that homeowners are continuing to pull back on large home-improvement projects due to economic uncertainty.
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ArcelorMittal Sells $667 Million Stake in Vallourec to Boost Shareholder Returns
The steelmaker said it sold around 10% of Vallourec's outstanding share capital and plans to channel the proceeds to shareholders through its ongoing buyback.
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Diploma Shares Climb After Guidance Lift, Higher Earnings
The industrial-supply company lifted its fiscal 2026 expectations for the second time as revenue and key earnings metrics came in higher for the first half.
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StanChart Lays Out Plan for 18% Return, Corporate Job Cuts
The bank is aiming for a more than 15% return on tangible equity in 2028, building up to about 18% in 2030.
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KPMG Taps Anthropic to Revamp Global Tax, Advisory Platforms
The Big Four firm will embed Claude on a platform that will house the majority of its nonaudit services.
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Stellantis to Start Production of New Small EVs in Italy
The Jeep-maker will start producing a new range of electric vehicles to serve the affordable small-car market in Europe, with production to begin in 2028.
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Swatch's New Watch Debut Descends Into Chaos
Unruly crowds clamored for a watch designed with luxury brand Audemars Piguet. Product launch controversy is becoming something of a Swatch playbook.
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The Biggest Challenge of a Utility Megadeal: Regulators
NextEra and Dominion must convince state and federal regulators that combining two of the U.S.'s largest utilities will benefit customers and avoid increasing electricity bills.
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Google and Blackstone to Create New AI Cloud Company
The duo plans to launch the unnamed U.S. company with $5 billion in equity capital from Blackstone, which will be the majority owner.
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Jury Rejects Musk's Claims Against OpenAI
The jury found Musk brought his lawsuit after the statute of limitations expired, clearing the way for an OpenAI IPO.
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Anthropic Lets Mythos Users Share Cyber Threats With Others
How to restrict access while still allowing users to share threat information is a major challenge facing AI companies.
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The Little-Known Hedge Fund That Stands to Make Over $10 Billion on SpaceX
Darsana Capital Partners has nearly 60% of the money it manages in shares of Elon Musk's rocket maker.
(END) Dow Jones Newswires
May 19, 2026 07:00 ET (11:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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