News Highlights: Top Company News of the Day
January 03 2024 - 12:15AM
Dow Jones News
Tech's AI Hangover Might Just Be Getting Started
Technology stocks opened the year with a selloff, after
artificial-intelligence hype drove big gains ahead of actual
business growth.
Behind Cheap Stuff From Shein and Temu: A Hard Bargain With Suppliers
The shopping apps throw a lifeline to Chinese exporters, but it
is a trade-off.
Fisher Investments in Sale Talks
Advent International is in talks to acquire Fisher Investments,
the money-management firm known for its ubiquitous
advertisements.
Radio Broadcaster Audacy Prepares to File Bankruptcy Within Weeks
Audacy is preparing to file for bankruptcy within weeks after
declining advertising revenue made the radio network unable to
service its nearly $2 billion debt load, according to people
familiar with the matter.
Bloomin' Brands Names Two Directors in Agreement With Starboard Value
Bloomin' Brands has appointed two new members of its board as
part of an agreement with activist investor Starboard Value.
Wealthy Investors Rescued Juul From Bankruptcy. Others Are Crying Foul.
Two of Juul Labs' longtime directors-a Hyatt Hotels heir and a
venture capitalist-helped bail out the e-cigarette maker from the
edge of insolvency. Now other investors are suing.
Tesla Falls Behind China's BYD in Quarterly EV Sales for First Time
The Chinese automaker for the first time topped Tesla as the
world's largest seller of electric vehicles on a quarterly basis, a
sign of China's emerging strength in the market.
Surpassing Tesla, China's BYD Will Take On the World in 2024
Having weathered domestic competition, international expansion
is the car maker's next priority.
Americans Are Canceling More of Their Streaming Services
Hulu and other streamers are turning to bundles, discounts and
ad-supported plans as customer defections rise.
Chevron Warns of Billions in Charges From California Challenges, Gulf of Mexico Assets
Chevron said it will book $3.5 billion to $4 billion in charges
for the fourth quarter, citing challenges tied to regulations in
California and previously sold oil and gas production assets in the
Gulf of Mexico.
(END) Dow Jones Newswires
January 03, 2024 01:00 ET (06:00 GMT)
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