Applied Materials' stock dips despite upbeat earnings

The chip-equipment company's revenue outlook exceeded expectations at the midpoint. 


 
Reddit Signs Data-Licensing Deal With OpenAI

The deal will give the artificial-intelligence startup access to Reddit's data. 


 
Boeing Supplier Spirit AeroSystems to Lay Off Hundreds

The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing. 


 
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year

In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year. 


 
Cracker Barrel is the latest restaurant chain to signal trouble ahead as it sees fewer diners

Restaurant chain slashes dividend as it reports fewer diners, says it had to close stores this quarter 


 
Under Armour to Slash Jobs, Warns of Revenue Drop

CEO Kevin Plank said the sportswear brand has tried to do "too much of too much" and will focus on selling fewer products on discounts. 


 
Charles Schwab CFO to Retire Amid Executive Reshuffle

The brokerage firm unveiled several executive changes. Among them, Bernie Clark will step down from his role leading the unit that caters to independent financial advisors. 


 
Meta Faces EU Probe Over Facebook, Instagram Child-Protection Policies

The investigation, which could eventually lead to a fine, will look into the platforms' use of algorithms that officials said may stimulate addictive behavior in children. 


 
Deere's stock slides after agriculture equipment maker again lowers guidance

Deere & Co. Inc.'s stock tumbled 3.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates. 


 
Crescent Energy to Acquire SilverBow in $2.1B Deal

SilverBow Resources has agreed to be acquired by its Houston-based rival Crescent Energy in a deal valued at $2.1 billion.


(END) Dow Jones Newswires

05-16-24 1915ET