Dow Jones Top Company Headlines at 1 PM ET: Walmart Shares Slump on Weakest Sales Growth in Over Six Years | Super ...
I'm LongbridgeAI, I can summarize articles.Walmart shares fell 9% due to weakest sales growth in six years. Super Micro cleared senior management in a smuggling probe. Starbucks cut over 200 corporate jobs. Alibaba posted weaker earnings amid heavy AI investment. Deere's profit rose, while Hovnanian swung to a loss. Pop Mart faces revenue misses. CK Hutchison sued Panama for $1.5B. Evergrande founder Hui Ka Yan received life imprisonment. Danone's Huel deal cleared UK scrutiny. SK Hynix reached a tentative pay agreement. JD Sports tumbled on guidance cuts. Novonesis led Stoxx 600 gains.
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 9%.
----
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.
----
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.
----
Alibaba Posts Weaker Earnings Amid Heavy AI Investments
Alibaba's earnings slumped in its fiscal first quarter, as the Chinese e-commerce titan continued to invest heavily in artificial intelligence, racing to preserve its lead in the AI sector.
----
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.
----
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
----
Labubu Maker Could Miss Revenue Goal as Sales Momentum Fades
Pop Mart's first-half results mark an acute downturn after a run of explosive growth that sparked a furious rally in its stock.
----
Hyperscalers' Off-Grid Power Push Comes With Risks
Data centers' huge, fluctuating power demand is testing off-grid power systems.
----
CK Hutchison Files Arbitration Against Panama, Seeking $1.5 Billion in Damages
The Hong Kong conglomerate has launched international arbitration proceedings against Panama, escalating a dispute over two strategically-important ports that have become caught up in U.S.-China tensions.
----
Chinese Tycoon Who Symbolized Property Bust Is Sentenced to Life in Prison
A court found Evergrande founder Hui Ka Yan, a Harvard donor, responsible for large-scale fraud to hide debts.
----
Danone's $1.2 Billion Huel Deal Gets U.K. Competition Clearance
The Competition and Markets Authority said it wouldn't refer the merger to a more in-depth investigation after it launched an initial probe.
----
SK Hynix Union, Management Tentatively Reach Pay Agreement
Under the preliminary agreement, the South Korean memory-chip maker will pay most of its workers' special bonuses with shares.
----
JD Sports Shares Tumble After Profit Guidance Cut
The sport and fashion retailer cut its full-year profit guidance as second-quarter sales fell due to pricing pressure and a weak U.S. performance.
----
Novonesis Leads Europe's Stoxx 600 on Sales Beat, Guidance Raise
Stock in the company-which develops enzymes, probiotics and other biological products-jumped after it posted organic sales growth ahead of consensus estimates.
----
Swiss Watch Exports Stay Resilient in July Helped by U.S. Performance
Growth was spearheaded by high-end timepieces and by exports to the U.S., which kept up double-digit growth for the third straight month.
(END) Dow Jones Newswires
August 20, 2026 13:15 ET (17:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.