Microsoft's stock rides AI elation toward first record close in two months

The technology powerhouse is in the midst of its Build developer conference, featuring announcements around AI products and software. 


 
JPMorgan Wants Dimon to Stay. He Has a $75 Million Incentive.

Dimon has signaled he will step down as CEO earlier than anticipated. 


 
Macy's Tops Earnings Estimates. Its New Turnaround Plan Starts to Pay Off.

The department store raised its earnings guidance for the fiscal year. 


 
Pixar to Cut 14% of Workforce in Shift Away From Streaming Series

The animation studio behind hits like "The Incredibles" and "Toy Story" will focus on producing feature films. 


 
Children's Place's stock tumbles after longtime CEO agrees to leave

Shares of Children's Place Inc. took a dive Tuesday after the retailer of children's apparel said longtime Chief Executive Jane Elfers left the company under a "mutual agreement." 


 
State Treasurers, Others Urge Exxon Mobil Shareholders to Vote Against CEO

In addition to Exxon Mobil's CEO, the group urged voting out Lead Independent Director Joseph Hooley. 


 
One Dead, Dozens Injured as Singapore Airlines Flight Hits Severe Turbulence

A 73-year-old British national who had a history of heart problems likely died from cardiac arrest, an airport official said. 


 
XPeng Narrows Quarterly Loss on Better Sales, Margins

The Chinese electric-vehicle maker guided for a rise in second-quarter vehicle deliveries after its first-quarter net loss narrowed on higher sales and improved margins. 


 
Lowe's stock rises after retailer tops earnings estimates

Lowe's Cos. Inc.'s stock rose 2.2% premarket Tuesday, after the home-improvement retailer posted better-than-expected first-quarter earnings as a decline in big ticket spending was partially offset by positive performance in Pro and online. 


 
AutoZone Earnings Beat Estimates. The Stock Drops Anyway.

The auto-parts retailer posted adjusted earnings of $36.69 a share on sales of $4.24 billion.


(END) Dow Jones Newswires

05-21-24 1715ET