Dick's Sporting Goods Cuts Earnings Guidance 
 

The sports equipment chain, which posted a drop in first-quarter sales, is the latest retailer projecting struggles as inflation pinches consumer wallets.

 
Kohl's Is Ramping Up Investments in Its Stores 
 

The department-store operator plans to add 100 new, smaller format stores in markets 'previously untapped by Kohl's physical presence.'

 
TotalEnergies to Buy Stake in U.S. Wind and Solar Company 
 

The French energy company said it would buy a 50% stake in Clearway Energy Group in a deal worth about $2.4 billion, the latest move by an oil major to expand in wind and solar power.

 
Nvidia Reports Earnings Today. Data Centers Could Be a Silver Lining. 
 

Data centers could be an island of strength amid a sector-wide selloff.

 
China's Covid Lockdowns Hurt Sales of Starbucks Coffee, Adidas Sneakers 
 

China's strict Covid lockdowns are hurting consumer spending for everything from coffee to sneakers and hotels, weighing on multinationals with a big presence in the country.

 
Toyota Revs Up Race With Tesla 
 

The first purpose-built electric vehicle from the world's best-selling auto brand is an important test case for the industry's transition to battery technology.

 
Pfizer to Sell Vaccines, Drugs at Low Prices to Poorer Countries 
 

The arrangement means that some of the drugs that carry list prices of tens of thousands of dollars a year in the U.S. would be substantially less for the low-income countries to buy, according to Pfizer.

 
CVS Will Stop Filling Controlled-Substance Prescriptions for Cerebral 
 

The pharmacy chain will stop filling prescriptions for controlled substances ordered by clinicians working for telehealth startups Cerebral and Done starting Thursday, a move that will impact thousands of patients.

 
Aircraft Wi-Fi Company Gogo Cuts Debt as Interest Rates Rise 
 

The company's plan to reduce debt comes as part of a larger turnaround tied to the sale of its commercial aviation business in 2020.

 
Marks & Spencer Posts Profit But Warns on Outlook 
 

UPDATED: Marks & Spencer delivered a pretax profit of GBP392 million for fiscal 2022 but cautioned that earnings growth this year will be harmed by its Russia exit and rising cost pressures on consumers.

(END) Dow Jones Newswires

May 25, 2022 11:15 ET (15:15 GMT)