News Highlights: Top Company News of the Day - Tuesday at 7 AM ET
16 January 2024 - 12:30PM
Dow Jones News
Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements
Elon Musk said in a post to X that he feels uncomfortable making
Tesla a champion of artificial intelligence if he doesn't control
about 25% of the company.
Apple Goes on the Offensive as iPhone Sales Slip in Its Biggest Overseas Market
The company is offering rare discounts in China, including on
its latest iPhones, in a bid to compete with high-end offerings
from Samsung and Huawei.
Profits Comeback Paired With Rate Cuts Make a Powerful Mix
Companies put the earnings recession further behind them in the
fourth quarter, even as rates are set to start falling.
Shell Sells Nigeria Onshore Oil Business
Shell agreed to sell its Nigerian onshore subsidiary to a
consortium of five companies for up to $2.4 billion.
Global Battery Race Heats Up With Billions for Europe's Northvolt
The startup plans to use the funding to expand battery
production at a factory in northern Sweden for customers such as
Volkswagen and BMW.
Goldman Sachs Earnings Are Due Today. What They Mean for the Stock.
A shift away from retail could have a large impact on
results.
John Deere, Meet Elon Musk: SpaceX Satellites to Link Farm Giant's Equipment
Farm machinery maker hired SpaceX's Starlink service to provide
satellite internet connections for tractors, harvesters and crop
sprayers in remote areas.
Closing of Kroger, Albertsons, C&S Deal Postponed
The proposed merger of U.S. grocery giants Kroger and
Albertsons, and sale of assets to C&S Wholesale Grocers, will
be later than previously anticipated as the companies continues
discussion with regulators.
Rio Tinto Annual Iron Ore, Aluminum Output Rises
Rio Tinto said it produced more iron ore, aluminum and copper
last year than the year before, reaching annual targets as it
ramped up new mining operations in Australia and Mongolia.
OpenAI Bans Use of AI Tools for Campaigning, Voter Suppression
The maker of ChatGPT and Dall-E aims to prevent abuse and
increase transparency.
(END) Dow Jones Newswires
January 16, 2024 07:15 ET (12:15 GMT)
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