News Highlights: Top Company News of the Day - Wednesday at 9 AM ET
Billionaire Frank McCourt Plans Bid for TikTok in U.S.
The real-estate mogul said he is organizing a bid to acquire platform, saying he will put users and data security at the center of its design and purpose.
EBay Boosts Investments in GPUs in Push to Harness AI
The online marketplace is carving out more space in its capital expenditure budget to fund its push into generative artificial intelligence.
Google Regains AI Initiative by Playing to Its Strengths
Adding generative AI to search and Android shows the tech giant's distribution muscle while lessening risk to key businesses.
Tesla Hits the Road to Persuade Shareholders to Pay Elon Musk $46 Billion
Investors will vote on a 2018 pay package again after a judge threw it out.
BYD Debuts First Pickup Truck in Mexico
Chinese automaker BYD has launched its first pickup truck, debuting a luxury plug-in hybrid in Mexico to compete with global rivals in China's second-largest market for auto exports.
Walmart's Reign as America's Biggest Retailer Is Under Threat
With Amazon on its heels, the nation's biggest company by revenue is hunting for ways to continue growing.
With America Off-Limits, China EV Makers Aim to Conquer Rest of World
Carmakers in China are accelerating a sales push in Europe and Southeast Asia and are looking to produce more abroad.
Hapag-Lloyd Lifts Lower-End of Guidance as Red Sea Situation Raises Rates
Hapag-Lloyd lifted the bottom-end of its full-year guidance range as the current situation in the Red Sea has tightened industry capacity, helping stabilize freight rates.
Thyssenkrupp Cuts Guidance Again
Thyssenkrupp again cut its sales and profit forecasts for its fiscal year after write-downs and contracts to offset carbon emissions hit its second-quarter results.
Burberry Profit Falls as Soft Demand, Turnaround Bite
Burberry posted a decline in profit for fiscal 2024 as it kept struggling to revitalize its business through a turnaround plan against a backdrop of slowing luxury demand.
(END) Dow Jones Newswires
May 15, 2024 09:15 ET (13:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening In the Markets This Week
-
What Does Nvidia’s Stock Split Mean for Investors?
-
It’s Been a Terrible Time for Bonds. Here’s Why You Should Own Them
-
Which AI Stocks Are Turning Hype Into Revenue?
-
Best- and Worst-Performing Stocks of May 2024
-
3 Stocks to Buy and 3 Stocks to Sell in June
-
Markets Brief: Friday’s Job Report in Focus
-
These Stocks Are (Still) Powering the Bull Market
-
Nio Earnings: Revenue and Loss Largely In Line, but Vehicle Margin Missed Amid Price Competition
-
The Best Biotech Stocks to Buy
-
After Earnings, Is Marvell Stock a Buy, a Sell, or Fairly Valued?
-
Nvidia Raised Its Dividend — but There’s a Catch
-
Lululemon Earnings: On Track to Meet Expectations Despite Slowdown In Americas
-
What Is Driving Small-Cap Stock Underperformance?
-
After Earnings, Is Zscaler Stock a Buy, a Sell, or Fairly Valued?
-
ASML Fair Value Raised as Outlook Improves