Dow Jones Top Company Headlines at 9 AM ET: Dollar General Posts Higher Profit, Sales | Bra ...
I'm LongbridgeAI, I can summarize articles.Dow Jones headlines feature Dollar General and Victoria's Secret reporting higher profits and sales, driving share gains. Nvidia's Jensen Huang predicts Marvell may join the trillion-dollar club due to AI demand. Other key updates include Philip Morris booking a $500M impairment, STMicroelectronics raising revenue targets, Google seeking $80B for AI infrastructure, and Blackstone raising $13.1B for an Asia PE fund.
Dollar General Posts Higher Profit, Sales
Dollar General logged higher profit and sales in its fiscal first quarter as it opened new stores and as consumers continued relying on the company for low-cost goods.
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Bra Sales Power Victoria's Secret Turnaround and Shares Soar 35%
The lingerie and apparel retailer swung to a $47.7 million profit in the first quarter from a loss a year earlier, and raised its full-year outlook.
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Nvidia's Huang Says Marvell May Join $1 Trillion Club
Jensen Huang says Marvell Technology could be the next chip firm to join the trillion-dollar club, predicting a surge in demand for AI hardware fueled by the emergence of autonomous models.
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Philip Morris to Post $500 Million Impairment on Canada Affiliate
Philip Morris International said it is booking a roughly $500 million impairment charge in the second quarter to reduce the carrying value of its investment in Canadian affiliate Rothmans Benson & Hedges, or RBH.
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British American Tobacco Cuts Cigarette Outlook But Expects Lift in New-Category Revenue
The company said global industry volumes in its traditional cigarette market would likely be lower than previously expected this year.
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STMicroelectronics Shares Rally After Chip Maker Raises Data-Center Revenue Target
Paris-listed shares jumped 8.2%, adding to a rally that has led the stock to nearly triple its value since the start of the year.
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Signet Jewelers Reports Higher Sales, Raises Guidance
Signet Jewelers lifted the low end of its guidance after reporting higher sales in the first quarter.
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Genco Board Unanimously Rejects Diana Shipping's Latest Buyout Offer
Genco Shipping & Trading's board has unanimously rejected Diana Shipping's revised unsolicited buyout offer, saying the offer continues to meaningfully undervalue the company and its assets.
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Bayer Shares Fall on Renewed Uncertainty Over $7 Billion U.S. Settlement
Bayer shares fell after plaintiffs sought to transfer a proposed $7.25 billion U.S. settlement over Roundup weedkiller to a federal court in California.
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Nestle Partners With Startup Helaina to Develop Infant Formula With Human Proteins
The partnership comes a few months after Nestle's infant nutrition business was rocked by a tainted-ingredient crisis.
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Why 'Nvidia Inside' Can Work in the PC Market
The world's only $5 trillion company can sell the concept that AI computing won't be confined to data centers.
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Google Seeks $80 Billion for AI Buildout; Berkshire Will Buy $10 Billion Stake
The company says it will use the money to finance data-center expansion and secure computing capacity.
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Abivax Bowel-Disease Drug Hits Goals in Trial, But Shares Plunge on Safety Worries
Shares fell sharply after the biotech said some patients developed cancer in a late-stage clinical trial for the bowel-disease drug that was unrelated to the treatment.
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Activist Elliott Builds Stake in Northern Star, Seeks Strategic Review
Elliott Investment Management is seeking a strategic review of Australia's largest gold miner following significant underperformance compared with peers.
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Blackstone Raises $13.1 Billion in Its Largest Asia Private-Equity Fund
The New York-based alternative asset manager raised more than the $10 billion target for the Blackstone Capital Partners Asia III fund.
(END) Dow Jones Newswires
June 02, 2026 09:15 ET (13:15 GMT)
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