Semiconductor stocks declined after Samsung announced its plant to halt memory chip production in the near term. Taiwan Semi reported a decline in March sales. Tesla plans to build an EV battery factory in China. First Republic suspended dividend on its preferred stock.

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Costco Wholesale reported comparable sales excluding gasoline at U.S. locations dropped to the lowest level in nine years in March. Gold miners were in focus after the price of yellow metal stayed above the $2,000 mark for the third day in a row.

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Johnson & Johnson settled a lawsuit alleging that the company's talc products caused cancer. FedEx hiked dividend and announced a reorganization that is expected to cut costs and realign executive compensation program.

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Acuity Brands reported a rise in sales and earnings in its fiscal second quarter. AMC Entertainment settled a shareholder lawsuit related to its preferred unit conversion plan. Virgin Orbit filed for chapter 11 protection in the U.S.

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World Wrestling Entertainment agreed to merge with UFC. Extra Space agreed to acquire Life Space. Tesla said electric vehicle production increased at a slower pace in the first quarter.

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EVgo, the electric fast charging stations network operator, reported a rise in revenue in the fourth quarter. Zebra Technologies announced additional leadership changes. Bed Bath & Beyond proposed a stock offering.

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Lululemon said total sales in its latest quarter soared on the back of a rise in comparable same store sales. UBS appointed its former chief executive to manage the recent acquisition of Credit Suisse. McCormick said quarterly sales rose slightly despite the Covid-disruptions in China.

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China-based Alibaba Group said it plans to split the company in six units. Carnival Corp reported record quarterly bookings. Lyft announced leadership changes. Walgreens Boots retained its annual adjusted earnings outlook after business accelerated in February.

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KB Home reported flat quarterly revenue but earnings declined on higher operating costs. Darden Restaurants lifted its fiscal year sales outlook. Chewy posted a rise in quarterly sales and the online pet food store said active customers declined slightly.

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Carvana announced a debt restructuring plan and also pre-released financial metrics. GameStop swung to a quarterly profit on nearly flat sales. PacWest Bancorp accessed Federal Reserve's borrowing facilities after outflow of deposits.

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Regional banks rebounded after reassurances from the U.S. Treasury Secretary. Moody's lifted Tesla bond rating to investment grade from junk status. Citi Trends sales and earnings declined in the fourth quarter.

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UBS agreed to acquire struggling Credit Suisse after regulators stepped in to prevent a wider fallout in the banking sector. New York Community Bancorp agreed to acquire Signature Bank from the FDIC.

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Signet Jewelers said revenue in the holiday period declined and guided weak sales in the current fiscal year. Children's Place swung to a loss and the specialty retailer said it will continue to shrink its store network.

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Adobe posted better-than-expected fiscal first quarter results and lifted its outlook for the year. Dollar General same stores lagged market expectations. Five Below said it plans to open a record new stores in 2023.

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BMW hiked its dividend and held out for higher margin and sales in 2023 on expanded luxury vehicle sales. Lanxess, the German specialty chemical company swung to a loss in the fourth quarter. Inditex, parent of Zara, reported record net income and cash flow in 2022.