Tim Cook to Step Down as Apple Names New CEO

John Ternus, head of the company's hardware division, will succeed Cook, who will become executive chairman.

Anthropic, Amazon Tighten Bond in $5 Billion Investment and Computing Deal

Amazon will invest as much as $25 billion in the AI company, which will secure up to 5 gigawatts in badly needed computing power in the pact.

Victory Giant Shares Surge in Hong Kong's Largest Listing This Year

The Nvidia supplier raised $2.6 billion in the city's largest listing this year.

Rio Tinto's Iron Ore, Copper Production Rose in First Quarter

Rio Tinto said it produced more iron ore, copper and aluminum in the first quarter of the year, while reassuring investors of limited impacts to date from the conflict in the Middle East.

Spirit Airlines in Talks With Trump Administration on Government Investment

Florida-based Spirit has been working to sell some planes and refocus operations on core cities.

Alaska Air Group Suspends Guidance, Citing Fuel Cost Uncertainty

"Until conditions stabilize and we have better sight to earnings beyond the current quarter, we have suspended full-year guidance," the company said.

Zions Bancorp Reports Higher First-Quarter Profit

The Salt Lake City-based regional bank posted a quarterly profit of $232 million, up from $169 million a year earlier.

Red Lobster's Endless Shrimp Is Back-With a Few Strings Attached

The seafood chain is bringing back the promotion for the first time since bankruptcy, with some limits.

Home Builder Margins Haven't Hit Bottom Yet. D.R. Horton's Earnings Will Offer Clues.

D.R. Horton will likely see a 'relatively soft quarter,' one analyst says.

AST SpaceMobile's stock falls after failure of Jeff Bezos-backed satellite launch

Blue Origin successfully launched AST SpaceMobile's satellite to orbit, but it was at the wrong altitude.

Cleveland-Cliffs Earnings Boosted by Trump Trade Enforcement. The Stock Is Still Down.

The steel maker reported first-quarter Ebitda of $95 million, including an $80 million oneâ'time energy cost impact. Wall Street was looking for Ebitda of about $92 million.

Steel Dynamics Posts Higher First-Quarter Profit, Sales Amid Growth in Steel Shipments

The steel producer posted a profit of $403.4 million amid increased steel prices and a rise in demand for steel.

(END) Dow Jones Newswires

Dow Jones Top Company Headlines at 1 AM ET: Tim Cook to Step Down as Apple Names New CEO | Anthropic, ...