Dow Jones Top Company Headlines at 7 PM ET: Big Banks' Profits Surge After a Red-Hot Quarter on Wall Street | IBM ...

Big Banks' Profits Surge After a Red-Hot Quarter on Wall Street

Jamie Dimon said conditions were nearly "as good as it gets" after JPMorgan reported a big jump in profit.

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IBM Loses $69 Billion of Market Value in One Day in Latest AI-Fueled Selloff

Shares of the corporate stalwart plunged 25% as AI purchases crowd out traditional tech spending in many companies' budgets.

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Ford Executive Chairman on Chinese Cars: U.S. 'Can't Expect to Keep Them Out Forever'

China's automakers have rapidly displaced competitors elsewhere in the world.

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Uber, Delivery Hero in Advanced Talks Over Potential Takeover

Delivery Hero said talks are at an advanced stage, and didn't comment on speculation regarding the price of the offer.

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Hollywood Writers Sue to Block Paramount-Warner Deal

Move by Writers Guild of America comes a day after 12 Democratic-led states sued to stop the merger on antitrust grounds.

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EV Maker Lucid Hires Firm to Advise on Turnaround

The California-based startup has struggled with sales, quality issues and turnover.

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Alcoa Receives International Approval for Gallium Production Project in Australia

Alcoa said it and the governments of Australia, Japan and the U.S. have reached a final investment decision to build a gallium production plant at the company's Wagerup alumina refinery in Western Australia.

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Verizon Plans New Round of Layoffs This Week

Wireless carrier Verizon will announce the reorganization plan Thursday morning. The company has been seeking to reduce costs under its new CEO.

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European Defense Groups to Work on Ballistic-Missile Shield

Destinus, MBDA, Safran, Airbus and Thales said they had signed a letter of intent to establish a consortium for the development of the Bliksem EXO system to strike down ballistic missiles, which can travel at hypersonic speeds above the atmosphere.

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Startup Mass-Producing Cheap Killer Drones Wins $500 Million Army Contract

Neros, started by former drone-racing teens, makes Ukraine-style first-person-view drones that are cost-competitive with popular Chinese models.

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HCA Healthcare Shares Drop After Quarterly Earnings Squeezed by Payer Mix Shifts

The for-profit operator of healthcare facilities scaled back financial guidance for the year following payer mix shifts due to health insurance exchanges.

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Vail CEO Says Comeback Plan for Ski Resorts Needs to Be Beyond Epic

New moves to revive growth and upgrade the mountain experience take a page from Delta and United, Rob Katz says.

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BP Sees Further Oil-Trading Gains as Iran Conflict Fuels Volatility

Quarterly reported upstream production is expected to range from 2.17 million to 2.22 million barrels of oil equivalent a day, compared with 2.34 million barrels of oil equivalent a day in the first quarter.

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Frontier Airlines, a Wi-Fi Holdout, Is Partnering With SpaceX's Starlink

The budget airline has been rolling out more amenities to target customers willing to pay for premium travel.

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Chinese AI Startup DFSX Releases Chip to Take on the West

Dongfang Suanxin introduced its self-designed AI chip using a fully domestic supply chain to bypass restrictions on high-end technology.

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AstraZeneca Enters Exclusive License Deal For Lung Cancer Drug Zegfrovy For Up to $1.5 Billion

AstraZeneca entered into an exclusive global license agreement with China's Dizal Pharmaceutical for the lung cancer treatment.

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Ericsson Cautions on Lower Profitability Due to Rising Component Costs

Declining sales in North America and Europe are hitting its networks business, while rising semiconductor and component prices continue to squeeze the company.

(END) Dow Jones Newswires

July 14, 2026 19:15 ET (23:15 GMT)