Shares of Ross Stores Fall 17% After Sales Decline
The off-price retailer reported a decline in sales in the first quarter and forecast same-store stores would decline in the second quarter.
Applied Materials Profit Climbs but Supply-Chain Issues Persist
The maker of semiconductor equipment reported sales and earnings below analyst estimates, sending shares lower after hours.
Canada to Ban 5G Equipment From Huawei, ZTE
The decision follows a yearslong security review disrupted by geopolitical tension between Ottawa and Beijing.
American Stores Have Too Much of the Wrong Stuff
Walmart, Kohl's, Target and other retailers have seen a surge of inventory as they find themselves carrying too much stuff that consumers no longer want so much of.
Boeing's Starliner Spacecraft Launches Toward Space Station in Do-Over Mission
The Thursday night launch appeared to be a smooth start to an important mission for the company after technical issues forced earlier delays.
Twitter Moves to Limit Spread of Misinformation in Crises
Social-media platform is adding criteria for tweets involving natural disasters and armed conflicts as Elon Musk pushes for less moderation.
Nevada Gambling Regulators Approve Barry Diller to Work in Casino Business
Regulators questioned the billionaire about a federal investigation into his purchases of Activision shares.
Moderna Ready to Ship Covid-19 Shots for Young Kids by June
The biotech company's CEO also said he expects the virus to evolve into something resembling influenza.
CDC Recommends Covid-19 Boosters for 5- to 11-Year-Olds
The recommendation of Pfizer's extra dose paves the way for many pharmacies, doctors and other vaccination sites begin making the shots available.
Alaska Permanent Fund to Slow Its Private-Equity Commitment Pace
The sovereign fund is slowing its annual private equity commitment pace out of concerns over the so-called denominator effect.
(END) Dow Jones Newswires
05-19-22 2115ET
