Dow Jones Top Company Headlines at 5 AM ET: SK Hynix Pauses IPO of Memory-Chip Unit as AI Valuation Fears Mount | Shares ...
Dow Jones2026/10/23 09:00SK Hynix Pauses IPO of Memory-Chip Unit as AI Valuation Fears Mount
The decision to pull Solidigm's U.S. public debut comes amid deepening investor caution toward artificial-intelligence valuations.
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Shares in Gucci-Parent Kering Plunge as Hoped-For Recovery Keeps Receding
The French luxury-fashion house's sales fell on a 6% drop at Gucci that makes up not far from half of the group's revenue.
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Volvo Car Slumps After 2,500 Job Cuts Added to Expanded Turnaround Push
Shares were down 26% after the automaker said it would cut another 2,500 jobs-around 6% of its workforce-amid worsening market conditions.
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Eni Shareholders Set for Cash Boost After Earnings Double
The company kicked off earnings season for energy majors with an extraordinary dividend and buyback hike on exceptional refining margins.
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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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Safran Confirms Guidance as Revenue Jumps
The French aerospace-industry supplier said the metric was pushed higher by double-digit growth across its propulsion and equipment and defense units.
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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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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.
(END) Dow Jones Newswires
October 23, 2026 05:00 ET (09:00 GMT)
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