Dow Jones Top Company Headlines at 5 PM ET: Meta and Apple, Longtime Foes, Team Up to Put Open-Weight AI on Macs | Nvidia's …
Meta and Apple, Longtime Foes, Team Up to Put Open-Weight AI on Macs
The partnership gives developers a new way to run sophisticated AI without renting computing power from the cloud.
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Nvidia’s Huang Says CoreWeave Doesn’t Need a Backstop
CoreWeave stock is dropping again Thursday but backer Nvidia say it doesn’t have to step in to stem the bleeding.
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KFC to Ditch Pepsi for Coke in Thousands of Restaurants
The switch at thousands of U.S. restaurants deals a setback to PepsiCo as it struggles to revive sales of its signature soft drinks.
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Penske Automotive Group to Be Taken Private by Penske, Mitsui
Penske Automotive Group has agreed to be taken private by the transportation-services company’s biggest investors for about $4 billion.
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J.B. Hunt Reports Higher Profit, Steeper Operating Expenses
The logistics company’s profit came in at $172.4 million, or $1.82 a share, despite operating expenses growing to $3.43 billion.
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Alcoa Posts Higher Third-Quarter Profit, Sales on Increased Production
Alcoa posted a quarterly profit of $483 million, up from $232 million a year earlier, after the company worked to improve operations and boost production.
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Brunello Cucinelli Nudges Up 2026 View, Bucking Luxury’s Weak Trends
The Italian luxury-fashion company now expects sales for the year to rise by 12% at constant exchange rates, up from previous guidance of 10%-11%.
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Amazon Bee Devices Show Push to Avoid Getting Shut Out of Personal AI
Amazon is launching two new personal AI products alongside Bee, an AI hardware company it acquired in June 2025.
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Better.com Adds Former X CEO Linda Yaccarino to Board After Proxy Fight
Linda Yaccarino, the former chief executive of Elon Musk’s X, is joining the board of Better.com as the digital mortgage lender looks for stability following a messy and expensive proxy fight.
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Lyft Eyes Upscale Corporate Travel as Next Leg of Growth
The ride-hailing company is establishing a new chauffeuring brand, dubbed Alcove, that caters to demand for full days of executive travel between client meetings, conferences and flights, Chief Executive David Risher said.
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Bank of New York Logs Higher Profit But Flags Market Volatility
Bank of New York Mellon recorded third-quarter growth with a hint of caution, as falling stocks in recent days have put up a few red flags.
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AstraZeneca Strikes Up to $1.5 Billion AI Drug Discovery Deal With Insitro
The drugmaker will pay AI therapeutics company Insitro $40 million upfront and up to $1.46 billion subject to meeting targets.
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PNC Revenue Rises on National Expansion
PNC Financial Services Group recorded higher revenue, but came in short of Wall Street’s estimates, as profit was dented by $36 million in integration costs tied to its acquisition of FirstBank.
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Anthropic’s Quarterly Revenue Jumped 45% to Nearly $17 Billion
The artificial-intelligence giant met with public-market investors Wednesday ahead of its planned IPO next month.
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Charles Schwab’s Growth Engine is ‘Humming.’ The Shares Are Falling Anyway.
The company’s third-quarter earnings showed clients were taking out loans and adding funds to their investment accounts.
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Ericsson Shares Surge on Strong Sales of Network Gear
Investors shrugged off the Swedish telecommunications-equipment maker’s warning that higher component costs will be a headwind to profitability next year.
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TSMC Weighs Texas Expansion, Holds Talks on Musk’s Terafab
The world’s largest contract chip maker signaled its willingness to participate in large-scale AI infrastructure projects.
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TotalEnergies Expects Windfall as Conflict Squeezes Fuel Supplies
The French energy major said it expects exceptional results from its downstream business after an increase in third-quarter refining margins.
(END) Dow Jones Newswires
October 15, 2026 17:15 ET (21:15 GMT)
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