Dow Jones Top Company Headlines at 5 AM ET: SK Hynix Pauses IPO of Memory-Chip Unit as AI Valuation Fears Mount | Shares ...

SK Hynix Pauses IPO of Memory-Chip Unit as AI Valuation Fears Mount

The decision to pull Solidigm's U.S. public debut comes amid deepening investor caution toward artificial-intelligence valuations.

----

Shares in Gucci-Parent Kering Plunge as Hoped-For Recovery Keeps Receding

The French luxury-fashion house's sales fell on a 6% drop at Gucci that makes up not far from half of the group's revenue.

----

Volvo Car Slumps After 2,500 Job Cuts Added to Expanded Turnaround Push

Shares were down 26% after the automaker said it would cut another 2,500 jobs-around 6% of its workforce-amid worsening market conditions.

----

Eni Shareholders Set for Cash Boost After Earnings Double

The company kicked off earnings season for energy majors with an extraordinary dividend and buyback hike on exceptional refining margins.

----

Moderna's Stock Plummets After Cancer-Vaccine Data Shared on Social Media

Details from a closely guarded study were to be released at a conference on Saturday.

----

Newmont Logs Higher Profit, Revenue on Higher Gold Sales

The gold producer posted a third-quarter profit of $2.48 billion, up from $1.83 billion a year earlier.

----

Safran Confirms Guidance as Revenue Jumps

The French aerospace-industry supplier said the metric was pushed higher by double-digit growth across its propulsion and equipment and defense units.

----

Meta Eyes an Early Equity Deal for Its AI War Chest-and Berkshire Could Be a Buyer

Berkshire participated in Alphabet's $85 billion equity fund deal in June that could be a model for any Meta equity raise.

----

Sallie Mae Cuts Full-Year View After Logging Higher Charge-Offs

The private student loan company, formally SLM Corp., now expects earnings per share for the year to be $1.95 to $2.05, down from its earlier guidance of $3.10 to $3.20.

----

Deckers Cuts Sales Outlook as Shoppers Seek Out Discounted Shoes

The company now expects annual sales to be $5.7 billion to $5.73 billion as it projects slower growth for its Hoka sneaker and Ugg shoe brands.

----

Western Digital Profit Grows on Data Storage Demand, Higher Pricing

The company reported a fiscal first-quarter profit of $1.78 billion as it capitalizes on growing data-storage demand tied to the build out of AI infrastructure.

----

Boston Beer Logs Lower Profit, Revenue Amid Bleak Beer Market

The brewer posted a third-quarter profit of $43.2 million, down from $46.2 million a year earlier, as demand for beer continues to fall.

----

Bloom Energy Lifts Outlook, Logs Higher Profit

The company now expects full-year adjusted earnings of between $3.10 and $3.40 a share after reporting a profit of $250.3 million, driven by demand for the company's on-site power solutions.

(END) Dow Jones Newswires

October 23, 2026 05:00 ET (09:00 GMT)