How AI Is Catapulting Nvidia Toward the $1 Trillion Club 
 

The company's chips are leaders in processing the complex calculations driving the latest internet revolution.

 
Tesla, Ford Team Up in EV Charging Deal 
 

The partnership would give Ford customers access to to more than 12,000 fast-chargers, known as Superchargers, beginning in early 2024.

 
Hyundai Motor, LG Energy to Build Battery JV in U.S. 
 

Hyundai Motor Group and LG Energy Solution plan to build a $4.3 billion electric-vehicle battery factory in the U.S., strengthening their tie-up overseas to meet growing demand for EVs.

 
Gap Sees Improved Gross Margin Expansion, Plans Fewer Store Openings 
 

Gap said that it expects to close the year with an improved gross-margin expansion amid lower investments and store openings.

 
Kohl's, Costco, Lowe's Sales Sluggish as Shoppers Pull Back 
 

Consumer wariness constrains earnings for retailers Dick's, e.l.f. Beauty and Williams-Sonoma.

 
Nike Sticks With Ja Morant's Latest Sneaker Despite Rocky Rollout 
 

Nike released a sneaker from Ja Morant despite the Memphis Grizzlies star's recent suspension from his team and some retailers dropping the launch.

 
Costco Sees Weaker Demand for Discretionary Items 
 

The company's same-store sales increased 0.3% this quarter, less than what analysts were forecasting.

 
Theft and Thrift Squeeze Dollar Tree 
 

Shrink and a sales shift to lower-margin consumables pressured profits at Dollar Tree.

 
JPMorgan alleges ex-U.S. Virgin Islands first lady helped Jeffrey Epstein spread money and influence 
 

JPMorgan alleges that former U.S. Virgin Islands first lady was 'primary conduit' for influence and money for deceased convicted pedophile Jeffrey Epstein.

 
Grant Thornton Is Laying Off 300 U.S. Employees as Consulting Demand Falls 
 

The cuts, which represent about 3% of the U.S. workforce, are concentrated in the advisory and tax divisions.

(END) Dow Jones Newswires

May 26, 2023 01:15 ET (05:15 GMT)