Hermes Sales Growth Slows Amid Uncertain Recovery Path for Luxury Sector
The Birkin bag maker reported a slowdown in sales growth as the war in Iran clouds the sector's rebound.
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ASML Lifts Guidance on Strong AI Demand
ASML Chief Executive Christophe Fouquet said. "Demand for chips is outpacing supply. In response, our customers are accelerating their capacity expansion plans for 2026 and beyond."
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Elon Musk's xAI Sued by NAACP Over Memphis Data Center
The lawsuit alleges that xAI's efforts to power its data centers in Tennessee and Mississippi are creating a health risk for local residents.
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Gucci Owner Kering Logs Lower Sales, But Flags Improving Trends
The improving trends are an encouraging sign for the luxury giant as it prepares to unveil a new plan later this week aimed at reviving growth.
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Nvidia's stock is on a 10-day winning streak. Here's why investors are getting back on board with AI.
The AI trade has been full of uncertainty, but investors seem to be getting excited again
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China-Backed Yancoal Australia to Buy Kestrel Coal Mine Stake For Up to $2.4 Billion
The Kestrel mine, located in Queensland's Bowen Basin, is one of the largest underground metallurgical-coal operations in production in Australia.
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The Bezos Vs. Musk Space Race Is Heating Up
Bezos-founded companies are pushing ahead in satellite connections and rocket launches, businesses that Musk's SpaceX has long dominated.
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Filtration Specialist Madison Air to Go Public Wednesday in Year's Biggest IPO
The company plans to list its stock on the NYSE under the ticker MAIR.
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Broadcom Extends AI Deal With Meta. Chipmaker's CEO Hock Tan to Leave Meta Board.
The deal includes chip design, packaging, and networking to build out the computing foundation that will support personal superintelligence.
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Apple CEO Tim Cook Just Bought Nike Stock. His Last Purchase Didn't Go So Well.
Cook is Nike's lead independent director and has been on the company board since 2005.
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A new CEO and a deal with Uber aren't enough to lift this EV maker's struggling stock
The announcement comes amid concerns from investors about Lucid's ability to stay afloat.
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Rivian's Illinois Factory Will Run on Recycled EV Batteries
The project highlights how battery energy is increasingly being used to power businesses and industrial facilities in the U.S.
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Why Amazon Is Buying Starlink Rival Globalstar in $11 Billion Deal
Amazon has agreed to acquire Globalstar in a move that allows its Amazon Leo satellite network to offer direct-to-device connections.
(END) Dow Jones Newswires
April 15, 2026 05:00 ET (09:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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