Dow Jones Top Company Headlines at 3 AM ET: Foxconn Shares Rise After Chairman Says Met With OpenAI, Plans Nvidia Next | Nestle ...
Foxconn Shares Rise After Chairman Says Met With OpenAI, Plans Nvidia Next
The Taiwanese company's shares surged in yet another stock jump driven by investor enthusiasm about AI.
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Nestle to Slash 16,000 Jobs
The company said 12,000 of the positions to be cut will be white-collar jobs as its new CEO seeks to drive cost savings.
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TSMC Posts Another Record Profit on Surging AI Chip Demand
The world's largest contract chip maker delivered another record quarterly profit, as demand for chips needed for AI and high-performance computing showed no signs of abating.
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How Jefferies Found Itself at the Center of First Brands' Collapse
The investment bank's deep ties to the auto-parts maker are likely to draw questions at its annual investor day Thursday
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Canada Threatens Stellantis With Legal Action Over Jeep Move to U.S.
The company could default on agreements made to keep a factory footprint in Ontario, said Industry Minister Melanie Joly.
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American Bankers Are Making a Mint Helping China Inc. Go Global
The unlikely U.S.-China collaboration is producing frothy markets in Hong Kong, the place where Wall Street and China Inc. meet for mutual profit.
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AI Data Centers, Desperate for Electricity, Are Building Their Own Power Plants
Utilities are pushing to increase supply, but meeting the surge in demand won't be easy or fast. Tech companies aren't waiting around.
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Feds Find No Evidence of Tariff Cheating Among Appliance Makers
Federal officials say they have found no evidence of widespread undervaluing of imported appliances after Whirlpool last month accused its rivals of possible tariff evasion.
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United Airlines Expects Stronger Revenue Trends in Holiday Season
The Chicago-based carrier said that revenue per available seat mile was down 4.3% in the third quarter, but should meaningfully improve in the fourth quarter that includes the busy holiday travel season.
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Prologis Raises Outlook as Warehouse Leasing Picks Up
The industrial real-estate owner's revenue climbed 9% year-over-year in the third quarter.
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HPE Expects Revenue Growth to Slow in Next Fiscal Year
The technology company expects revenue to grow between 5% to 10% for fiscal 2026 as it targets higher-growth businesses to improve profit.
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J.B. Hunt Quarterly Income Rises on Improved Intermodal Business
The logistics company said operating income from its combined truck-rail business increased 12% in the third quarter due to improved network balance and efficiency.
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Bank of America, BNY Sued Over Jeffrey Epstein Ties
New lawsuits accuse the banks of maintaining a relationship with the convicted sex offender and failing to report suspicious activities until after his 2019 death.
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Dollar Tree Backs Forecast, Sees Steady Growth in Next 3 Years
The discount retailer backed its guidance for the third quarter and full year and said it's targeting earnings growth of up to 10% annually through 2028.
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Bunge Soars After Trump Targets Cooking Oil Imports From China
Shares of Bunge and other agricultural companies are rising thanks to threats of a ban on used cooking oil - a key ingredient needed to produce renewable fuels.
(END) Dow Jones Newswires
October 16, 2025 03:15 ET (07:15 GMT)
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