Dow Jones Top Company Headlines at 1 AM ET: SpaceX Is Racking Up Wins in Washington | Layoffs ...
I'm LongbridgeAI, I can summarize articles.SpaceX secures lucrative contracts amid deregulation. JPMorgan and Starbucks announce layoffs, impacting hundreds of employees. Abbott settles baby-formula litigation for $670M. Trump seeks to revive Keystone XL pipeline. Toyota closes in on GM's auto sales lead. Ross Stores boosts outlook; James Hardie sells European unit for $980M. Apple CEO transition looms. Schwab raises advisor network minimums. Charter completes Cox deal as stock sinks. Micron unveils $10B lab. Hovnanian reports loss due to housing market slump. Walmart shares drop on weak sales growth. Deere profits rise.
SpaceX Is Racking Up Wins in Washington
The Elon Musk-led rocket and AI company is landing lucrative contracts and benefiting from the Trump administration's deregulatory push.
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Layoffs at JPMorgan Hit Highest Level Since 2015
The country's largest bank filed six layoff notices between February and July, impacting nearly 800 employees in Texas, New Jersey, and California.
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Abbott to Pay $670 Million to Settle Baby-Formula Litigation
The bulk settlement relates to the Gill lawsuit, in which a Missouri jury ordered the company to pay $495 million in damages after determining it failed to warn that its formula for preterm infants increased the risk for a bowel disease.
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Trump Wants to Revive Keystone XL. The Industry Has a Different Plan.
A trio of proposed pipelines would serve the same function-delivering heavy oil from western Canada to Gulf Coast refineries-without the hot-button name.
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GM Ruled U.S. Auto Sales for 100 Years. Now Toyota Is Closing In.
The American automaker is increasing profits while selling fewer vehicles as its rival pursues an opposite approach.
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Ross Stores Boosts Outlook on Growing Demand for Off-Price Retail
The off-price retailer now forecasts earnings per share of $8.61 to $8.77 for the year as its second-quarter profit and sales gained on higher traffic.
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James Hardie Selling European Fermacell Business for $980 Million to Holcim
James Hardie Industries will sell its European Fermacell business to Swiss building-materials company Holcim as it seeks to focus on higher-growth and higher-return markets.
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Apple's New CEO Could Shake Up Its Spending Strategy to Win in AI
John Ternus will take over as CEO from Tim Cook on Sept. 1. The age of AI could trigger some changes to how the iPhone maker invests in its future.
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Schwab Raises the Minimum Account Size for Clients to Be Referred to Outside Advisors
The company plans to increase the minimum account size for the Schwab Advisor Network to $5 million from $2 million at the beginning of next year.
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Charter Closes Its $34.5B Cox Deal. Why the Stock Is Sinking.
Charter stock was dropping as it concludes its deal for Cox Communications, amid fears it could just add to its subscriber issues.
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Micron Plans $10 Billion Research Lab-Trump and Apple Love It
Micron unveils Micron Research Labs, a new research institution. Its stock has soared more than 700% over the last year, and was up again Thursday.
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Starbucks Laying Off More Than 200 Workers in Streamlining Drive
The cuts affect the company's corporate staff in technology and coffeehouse development. The reductions don't involve cafe closures.
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Super Micro Clears Senior Management in Alleged Smuggling Scheme
The server maker ended an investigation into an alleged scheme by two employees and a contractor to smuggle Nvidia chips to China.
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Hovnanian Hurt by Frozen Housing Market
The home builder swung to a third-quarter loss as it continues to cope with a stagnant housing market
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Walmart Shares Slump on Weakest Sales Growth in Over Six Years
E-commerce, membership and advertising are driving the retailer's growth. Walmart's stock fell more than 9%.
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Deere's Profit Rises as Sales Climb
The company posted higher profit and sales in its fiscal third quarter, as continued growth in the company's construction equipment business helped to offset ongoing weakness in its production agriculture segment.
(END) Dow Jones Newswires
August 21, 2026 01:15 ET (05:15 GMT)
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