Dow Jones Top Company Headlines at 1 AM ET: Samsung Expects Another Record Quarter on Robust AI Chip Demand | LG ...
Samsung Expects Another Record Quarter on Robust AI Chip Demand
The strong results from the world's largest memory chip maker are likely to help ease recent market concerns about the sustainability of AI computing-capacity spending.
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LG Electronics Expects Quarterly Earnings to Surge, Buoyed by Tariff Refund
The South Korean consumer-electronics company projected a more than twofold increase in second-quarter operating profit, driven by a U.S. tariff refund and resilient profitability.
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AI Giants Are Handing Out Tons of Free Computing Power to Grab Startup Share
The pitched battle for business users comes as AI companies seek lasting streams of revenue.
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Jet-Fuel Prices Have Plunged but Aren't Resulting in Much Lower Fares
Carriers see travelers continuing to pay up-and aren't rushing to bring back flights and routes trimmed during oil's surge.
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JPMorgan, Bank of America and Other Banks Explore a Deal to Shake Up Payments World
A deal for a card network could allow bigger transaction fees, but some bank executives are worried about backlash.
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Walmart Lowers Prices on Thousands of Items, Including Beef and Coca-Cola
The largest U.S. grocer wins praise from President Trump for the move.
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Krispy Kreme Needs an Artisanal Touch to Make 'He-Man' Doughnuts
The company is hand-decorating doughnuts in a quest to lure younger consumers.
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Vertex Pharmaceuticals to Acquire Crinetics Pharmaceuticals for $10 Billion
The acquisition would add to Vertex's pipeline and potentially grow its annual revenue by $5 billion with the addition of Crinetics-developed drugs Palsonify and Atumelnant, the company said.
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Toyota to Move Tacoma Production to Texas in $3.6 Billion U.S. Expansion Plan
The automaker will boost vehicle production at its San Antonio truck and SUV plant.
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Barretts Minerals Parent $450 Million Talc Settlement Hinges on Product Safety Ruling
Minerals Technologies, parent of defunct talc supplier Barretts, asks bankruptcy judge to wait for a ruling on whether its talc was safe.
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Lockheed Martin to Acquire Ultra Maritime in $3.45 Billion Deal
Lockheed said Ultra Maritime's portfolio of anti-submarine warfare will complement and expand its ability to offer sonar solutions for maritime platforms.
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Microsoft Is Cutting More Than 3,000 Jobs in Xbox Division
The videogame unit's revenue has fallen and its Netflix-like subscription service is far below expectations.
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Strategy Logs $8.3 Billion Loss as It Sells Off Bitcoin
The loss comes after the company, formerly known as MicroStrategy, sold 3,588 Bitcoin for less than it paid.
(END) Dow Jones Newswires
July 07, 2026 01:15 ET (05:15 GMT)
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