Dow Jones Top Company Headlines at 5 PM ET: Amazon Strikes $6 Billion Deal With Snowflake for Its Agentic Computing Chips | Meta ...
Amazon Strikes $6 Billion Deal With Snowflake for Its Agentic Computing Chips
The cloud-storage company joins Apple and Meta as one of AWS's largest customers for CPU-based computing. Snowflake shares soared 30% after the closing bell.
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Meta Starts Rollout of Subscriptions for Facebook, Instagram
The company said that Facebook Plus and Instagram Plus will be priced at $3.99 per month, while WhatsApp Plus will cost $2.99 a month.
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Marvell Technology First-Quarter Revenue Soars, Profit Slims Down
The semiconductor company posted a smaller profit of $34.5 million due in part to acquisition costs, but revenue soared nearly 28% as its data center business booms.
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Salesforce First-Quarter Sales, Profit Rise Amid Agentforce Efforts
The enterprise software company recorded a profit of $2.11 billion as it pushes its artificial intelligence tools as a growth accelerator.
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HP Cuts Full-Year Outlook Despite Higher Second-Quarter Profit, Revenue
The printer and computer maker said it now expects a full-year profit between $2.15 and $2.45 a share. It was previously forecasting a range of $2.47 to $2.77 a share.
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Synopsys to Add Elliott Partner to Board
Chip-design software company added Jesse Cohn to its board of directors as part of an agreement with activist investor Elliott Investment Management.
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Universal Music Shareholder Deals Blow to Bill Ackman's $65 Billion Bid
The chief executive of Bollore Group called on the record label to reject the bid from Pershing Square Capital.
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Lululemon Settles Dispute With Founder
The company will add two directors chosen by Chip Wilson, who has agreed to stop criticizing it for 18 months.
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Robinhood Lets Customers Use AI to Trade Stocks, Make Credit-Card Purchases
The brokerage's new feature links artificial-intelligence tools to investment and credit-card accounts.
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Samsung Workers Approve Pay Deal Promising Bonuses That Could Top $400,000
The company's unionized workers have approved a tentative bonus-pay deal reached last week with the company, averting a strike at the world's largest memory-chip maker.
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Jamie Dimon Says JPMorgan Could Spend $20 Billion on Deals
The bank has discussed asset-management and payments deal possibilities in recent years.
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Bank of Montreal and Rival Lenders Lift Dividends on Back of Earnings Growth
Bank of Montreal, Bank of Nova Scotia and National Bank of Canada kicked off earnings season for Canada's largest lenders with plans to lift their dividends.
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Abercrombie & Fitch Faces Weakness in Europe, Middle East Due to Iran War
Abercrombie & Fitch said fiscal first-quarter sales rose, even as the company faced softer demand in certain markets due to the war in the Middle East.
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Dick's Sales Rise as Foot Locker Returns to Growth
Dick's Sporting Goods reported higher fiscal first-quarter sales as it made progress on its efforts to turn around Foot Locker.
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CBS News Doesn't Renew '60 Minutes' Correspondent Sharyn Alfonsi's Contract
The correspondent had criticized as political a decision by CBS News Editor in Chief Bari Weiss to hold a segment on an El Salvador prison.
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Temu Owner PDD Posts Profit Miss Amid Fierce Competition in China
The Chinese owner of bargain-shopping app Temu reported worse-than-expected profit in the first quarter of 2026.
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Bath & Body Works Sales Fall Amid Turnaround Efforts
Bath & Body Works reported lower first-quarter sales as the company overhauls its strategy in an attempt to return to growth.
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Nuclear Power Startup Newcleo to Go Public in SPAC Deal
The deal, which values the developer at about $2.4 billion, follows a wave of nuclear companies going public to serve AI's surging power needs.
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Volvo Car Shares Jump After U.S. Sales Approval Despite China Links
The company has been in talks with U.S. regulators following a President Biden-era ruling aimed at blocking the import and sale of vehicles connected to China.
(END) Dow Jones Newswires
May 27, 2026 17:15 ET (21:15 GMT)
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