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(Bloomberg) -- Lowe’s Cos. reported sales growth in the first quarter that just missed estimates, yet kept its full-year outlook unchanged in the face of higher transportation costs, in part due to productivity boosts from artificial intelligence.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranNATO Is Starting to Consider Hormuz Mission to Protect ShipsUS 30-Year Yield Hits Highest Since 2007 as Sell

Cost cuts continue as company increases investment in artificial intelligence

(Bloomberg) -- Samsung Electronics Co. reached a tentative deal with its labor union, averting what had threatened to be a crippling strike at the world’s largest memory chipmaker.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranNATO Is Starting to Consider Hormuz Mission to Protect ShipsUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensMeta Begins 8,000 Global Job Cuts in AI Efficiency PushT

The TurboTax and QuickBooks maker is eliminating about 3,000 positions and closing 2 offices as it consolidates around AI

GameStop has increased its stake in eBay to ‌about 6.55%, the videogame retailer ‌disclosed in a filing on Tuesday, days ​after the e-commerce company rejected its $56 billion takeover bid. GameStop previously owned around a 5% stake in eBay and ‌some analysts said ⁠its CEO Ryan Cohen could eventually push for a ⁠special shareholder meeting or seek board representation more supportive of his ​proposal. In an ​interview with journalist ​Piers Morgan last ‌week, Cohen had said eBay's board had a responsibility to engage with his offer in the best interests of shareholders, adding that "we'll do ‌whatever we need to ​do" if it failed ​to ​do so.

Traders remain bullish on Nvidia but are increasingly hedging semiconductor exposure.

Yahoo Finance Executive Editor is joined by Crossmark Global Investments Chief Market Strategist Victoria Fernandez to break down Nvidia (NVDA) ahead of earnings today, May 20.

Stocks are modestly higher amid a dip in crude oil prices and Treasury yields. Gold and silver are mixed, while the dollar is flat.

The Treasury selloff takes a break, causing yields to fall slightly as markets worry about the inflationary consequences of the U.S.-Iran standoff. Oil futures slip, but remain high enough to keep policymakers on their toes.

Roivant Sciences (NASDAQ:ROIV) executives used the company’s fourth-quarter earnings call to highlight new open-label data for IMVT-1402 in difficult-to-treat rheumatoid arthritis, upcoming pulmonary hypertension data for mosliciguat and continued preparation for a potential brepocitinib launch in d

Meta Platform's stock was wavering as the company began cutting roughly 8,000 jobs in a prominent example of AI layoffs.

These stocks have declined this year, while the consensus estimates for the companies’ earnings per share have soared.

Red Cat Holdings (NASDAQ:RCAT) shares gained 3% on Wednesday after the company completed its acquisition of Quaze Technologies, a Québec-based developer specializing in wireless power transfer systems for unmanned platforms. Quaze will continue operating as an independent business unit within Red Cat while advancing its wireless power technology for integration across the company’s product ecosystem.

Nvidia stock opened in the green on Wednesday as Wall Street waited for the chip maker’s earnings to arrive after the stock market close. Shares were rising 0.7% to $222.05 in Wednesday morning trading, while the S&P 500 was up 0.

Investing.com -- Intuit (NASDAQ:INTU) shares fell 3.9% Wednesday after Reuters reported the company plans to lay off approximately 17% of its global workforce.

Although the lawsuit means it’s possible you could get some cash from Amazon, don’t expect two-day shipping.

Stocks are on track to break a three-day losing streak as the pressure from the bond market eases. Nvidia earnings are now in the spotlight. The S&P 500 rose 0.3%, and the Nasdaq was up 0.5%. Both indexes have lost value for three straight days.

SpaceX appears to have tapped Goldman Sachs to be lead bookrunner for its massive initial public offering.

The TJ Maxx parent posted first-quarter earnings of $1.19 per share and raised its full-year EPS outlook to $5.08–$5.15

As the big three mobile carriers aim to incorporate satellite services to eliminate dead zones, AST SpaceMobile is positioned to challenge SpaceX’s Starlink market dominance.

Wells Fargo has agreed to settle a lawsuit alleging discrimination in loan approvals.

May 20 (Reuters) - The S&P 500 and the Nasdaq opened higher on Wednesday, lifted by a rebound in chip stocks ahead of Nvidia's quarterly earnings, which investors view as a crucial test of AI demand

Lowe’s Companies, Inc. is scheduled to report first-quarter earnings before the opening bell on Wednesday, May 20. Analysts expect the home improvement retailer to post earnings of $2.97 per share, up from $2.92 a year earlier, on revenue of $22.88...

The headline numbers for TJX (TJX) give insight into how the company performed in the quarter ended April 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

The headline numbers for Target (TGT) give insight into how the company performed in the quarter ended April 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Robert Wright will return to Wendy’s as chief executive officer, where he will oversee efforts to reverse a slump in the restaurant chain’s U.S. sales.

The all-cash deal will expand Analog Devices' power delivery portfolio for AI data centers, where energy constraints are limiting system performance

The Mediterranean fast-casual chain posted same-restaurant sales growth of 9.7%, lifted by a 6.8% rise in guest traffic

GameStop said in a filing last night that it now controls the equivalent of 6.55% of the company’s outstanding shares, up from around 5%, as it keeps trying to take over the e-commerce business. Shares in both GameStop and eBay are little changed in premarket trading.

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively trad