News Highlights: Top Company News of the Day - Monday at 3 AM ET
January 08 2024 - 2:30AM
Dow Jones News
Shell Flags Impairment Hit of up to $4.5 Billion
Shell said its fourth-quarter earnings took a hit of up to $4.5
billion in impairments that were offset by significantly higher gas
trading, while its overall production volumes are on track to meet
targets.
Nvidia's New China Pickle: Customers Don't Want Its Downgraded Chips
The tech giant's Chinese buyers are pushing back against the
lower-powered AI chips it hopes to sell to them in response to U.S.
export curbs.
Boeing Is Back in the Spotlight-This Time Over a MAX 9
The aircraft maker's executives race to reassure airlines after
latest incident, as FAA grounds 171 MAX 9 jets
One Plane Breaks Apart, Another Burns: Air Travel's Rough 2024 Start
A surge in demand and labor issues have put the industry under
stress. Commercial flying remains safe by historical measures.
China Evergrande New Energy Vehicle Executive Detained
A senior executive of China Evergrande New Energy Vehicle Group
has been detained on suspicion of crimes, the latest blow to the
company after a deal for a potential cash injection lapsed last
week.
Radio giant Audacy files for chapter 11 bankruptcy, as ad sales plunge
Radio and podcast giant Audacy Inc. filed for chapter 11
bankruptcy protection Sunday amid a cratering advertising
market.
NASA Bets on Private Companies for Moon Landings in 2024
American companies plan as many as five lunar landings this year
for the U.S. space agency and other clients, starting with
Astrobotic Technology's uncrewed Peregrine mission set to launch
Monday.
Fraud, or Just a Bad Deal? Oligarch and Sotheby's Battle in Court Over Rarefied Art Trade
A Russian billionaire's lawsuit shines light into secretive
finances in the art world's elite tier.
Elon Musk Has Used Illegal Drugs, Worrying Leaders at Tesla and SpaceX
Some executives and board members fear the billionaire's use of
drugs-including LSD, cocaine, ecstasy, mushrooms and ketamine-could
harm his companies.
Can Charlie Munger's Investing Playbook Still Work? Even He Wasn't So Sure
Value investing struggled during the long era of low interest
rates. Warren Buffett's partner warned investors hunting for deals
they should "get used to making less."
(END) Dow Jones Newswires
January 08, 2024 03:15 ET (08:15 GMT)
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