News Highlights: Top Company News of the Day
January 02 2024 - 11:30AM
Dow Jones News
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.
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.
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.
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.
Netherlands Blocks ASML Exports of Chip-Making Equipment to China
ASML said the Dutch government has blocked the company's exports
to China of some chip-making equipment in a partial license
revocation following U.S. export restrictions.
Baidu Terminates $3.6B Deal to Buy JOYY's China Live-Streaming Business
Baidu has called off a $3.6 billion deal to buy JOYY's
video-based entertainment live-streaming business in China saying
certain conditions were yet to be fully satisfied.
Evergrande Auto's Investment Agreement With Dubai Automaker Lapses
China Evergrande's EV business said an agreement for a
Dubai-based automaker to subscribe to its shares has expired,
raising fresh doubts about a potential cash injection.
Big Tech Braces for Wave of Antitrust Rulings in 2024
U.S. antitrust cases against tech giants Google and Meta are
expected to come to a head, likely producing long-awaited rulings
that could shape the legacies of top Biden administration
regulators.
Western Anxiety About Chinese EVs Could Prove Self-Defeating
The U.S. and Europe risk slowing electric-vehicle adoption by
excluding Chinese suppliers from subsidies and raising tariffs.
(END) Dow Jones Newswires
January 02, 2024 11:15 ET (16:15 GMT)
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