Dow Jones Top Company Headlines at 1 AM ET: SK Hynix Shelves Memory-Chip Unit U.S. IPO Plan on Market Jitters | Moderna's ...
Dow Jones2026/10/23 05:00SK Hynix Shelves Memory-Chip Unit U.S. IPO Plan on Market Jitters
The world's second-largest memory chip maker shelved plans for a potential U.S. listing of its memory-chip unit Solidigm in light of market conditions and share price trends.
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Moderna's Stock Plummets After Cancer-Vaccine Data Shared on Social Media
Details from a closely guarded study were to be released at a conference on Saturday.
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Newmont Logs Higher Profit, Revenue on Higher Gold Sales
The gold producer posted a third-quarter profit of $2.48 billion, up from $1.83 billion a year earlier.
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Meta Eyes an Early Equity Deal for Its AI War Chest-and Berkshire Could Be a Buyer
Berkshire participated in Alphabet's $85 billion equity fund deal in June that could be a model for any Meta equity raise.
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Sallie Mae Cuts Full-Year View After Logging Higher Charge-Offs
The private student loan company, formally SLM Corp., now expects earnings per share for the year to be $1.95 to $2.05, down from its earlier guidance of $3.10 to $3.20.
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Deckers Cuts Sales Outlook as Shoppers Seek Out Discounted Shoes
The company now expects annual sales to be $5.7 billion to $5.73 billion as it projects slower growth for its Hoka sneaker and Ugg shoe brands.
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Western Digital Profit Grows on Data Storage Demand, Higher Pricing
The company reported a fiscal first-quarter profit of $1.78 billion as it capitalizes on growing data-storage demand tied to the build out of AI infrastructure.
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Boston Beer Logs Lower Profit, Revenue Amid Bleak Beer Market
The brewer posted a third-quarter profit of $43.2 million, down from $46.2 million a year earlier, as demand for beer continues to fall.
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Americans are having fewer babies - and pampering them with luxury diapers
"Fewer babies in each household means parents spend more per baby," Procter & Gamble's CFO says.
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L'Oreal Eyes Profit Rise This Year as Sales Keep Growing
The company booked sales of $12.98 billion in the third quarter, a 7.2% increase, like-for-like, from the same period a year earlier.
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Bloom Energy Lifts Outlook, Logs Higher Profit
The company now expects full-year adjusted earnings of between $3.10 and $3.40 a share after reporting a profit of $250.3 million, driven by demand for the company's on-site power solutions.
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Kering's Sales Lose Steam in Struggling Luxury Market
The owner of Gucci, Bottega Veneta and other high-end labels booked a 1% decrease in revenue as the luxury market continues to see a sharp drop in demand.
(END) Dow Jones Newswires
October 23, 2026 01:00 ET (05:00 GMT)
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