Alphabet Inc (NASDAQ:GOOG) is accelerating its artificial intelligence strategy with the full US rollout of “AI Mode” in Google Search and the unveiling of Android-powered smart glasses.
According to analysts at Bank of America, the moves, announced at Google’s annual I/O developer conference, are a sign the company is shifting from AI integration to offense and showcase Alphabet’s confidence in its AI capabilities and the monetization potential of its large language models (LLMs), particularly the Gemini platform.
Wolfspeed Inc (NYSE:WOLF) shares plunged almost 70% after the Wall Street Journal (WSJ) revealed the chipmaker is preparing to file for Chapter 11 bankruptcy within weeks due to its inability to manage its substantial debt load, which totals around $6.5 billion.
According to the report, which cited sources with knowledge of the matter, the company has rejected multiple out-of-court debt restructuring proposals from creditors and is now focusing on a prepackaged bankruptcy plan that would have the support of a majority of its creditors.
Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) plans to evaluate potential strategic transactions aimed at unlocking shareholder value, following Berkshire Hathaway’s decision to relinquish its board seats at the packaged foods company.
The maker of Oscar Mayer hot dogs and Kraft Mac & Cheese said Timothy Kenesey and Alicia Knapp have stepped down from the board due to their affiliation with Berkshire Hathaway.
UnitedHealth Group Inc (NYSE:UNH, ETR:UNH) shares fell more than 4% following a report by The Guardian which alleged the company secretly paid nursing homes substantial bonuses to reduce hospital transfers of sick residents.
The practice was reportedly part of a broader cost-cutting strategy aimed at lowering expenses for UnitedHealth's Medicare Advantage business, saving it millions of dollars.
Chinese electric vehicle maker Xpeng Inc (NYSE:XPEV) posted record quarterly deliveries and narrowed its net loss in the first quarter of 2025, sending its US-listed shares up nearly 12% in early trading on Tuesday.
The Guangzhou-based company delivered 94,008 vehicles in the quarter ended March 31, marking a 331% jump from a year earlier and setting a new quarterly record.
Canada Goose Holdings Inc (NYSE:GOOS, TSX:GOOS) shares surged almost 30% after the luxury outerwear brand impressed investors with its fiscal fourth quarter earnings.
Revenue for the March quarter increased 7.4% year-over-year to C$384.6 million, above Wall Street estimates of C$355 million.
Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) announced that it has approved funding to move forward with early-stage development of its next-generation graphene production facility in Queensland, Australia.
The company’s board has approved an investment of A$900,000 for the early works of its proposed Gen 2.0 Graphene Manufacturing Technology plant, which is expected to cost approximately A$2.3 million in total.
M2i Global (OTC:MTWO) has added former White House official Camilo Sandoval as senior advisor to its executive team and Board of Directors, it said Wednesday.
Sandoval, a veteran of the US Air Force and the National Security Agency, brings decades of experience in government, cybersecurity, and technology policy. He previously served as the White House Chief Information Security Officer and Chief Information Officer of the Department of Veterans Affairs.
TJX Companies Inc (NYSE:TJX) reported better-than-expected sales and profits for the first quarter, maintaining its full-year fiscal 2026 guidance despite broader uncertainty amid global tariffs.
The owner of off-price retail stores, including TJ Maxx, Marshalls, HomeGoods and HomeSense, reported net sales up 5% year-over-year at $13.1 billion, ahead of analyst estimates of $13 billion.
Target Corp (NYSE:TGT) shares moved lower in early trade on Wednesday as it slashed its full-year guidance following a weak first quarter.
The retailer now expects its full-year sales to be down a low single digit percentage versus its prior guidance of 1% growth over last year.