News Highlights: Top Company News of the Day
27 May 2023 - 7:30AM
Dow Jones News
Ford Taps Into Tesla's Superchargers Network
The automaker's decision to tap Tesla's Supercharger network
boosted shares and stirred debate on the charging standard for
electric vehicles.
How AI Is Catapulting Nvidia Toward the $1 Trillion Club
The company's chips are leaders in processing the complex
calculations driving the latest internet revolution.
Big Lots Shares Drop to 30-Year Low
The furniture and home-decor chain suspended its quarterly
dividend amid declining sales and widening losses.
What Costco's Baskets Reveal About Consumer Finances
The upper middle class is feeling the economic squeeze too.
Elon Musk's Neuralink Says It Has FDA Approval for Study of Brain Implants in Humans
The startup tested its technology on primates for several
years.
Booz Allen Swings to 4Q Loss on Accounting Cost Tied to DOJ Probe
Booz Allen Hamilton Holding Corporation swung to a loss in the
fiscal fourth quarter due to an increase in reserves it held for
talks to settle a U.S. government investigation.
Lazard Names Peter Orszag as Next CEO
The former Obama administration official is set to succeed Ken
Jacobs, who will become executive chairman.
Best Buy CEO sees bottom in tech demand, with a turn higher later this year
Best Buy CEO Corie Barry said Thursday that while some consumers
are behaving as if there's a recession, demand for technology
products is bottoming.
Petrobras Requests Reversal of Decision to Block Exploratory Well
PetrĂ³leo Brasleiro said it has asked Brazil's environmental
agency to reverse a decision it made to block the state-controlled
oil company from drilling an exploratory well off the country's
northern coast.
Chip Companies, Wary of Break With China, Seek Looser Limits on Federal Cash
Businesses are urging the U.S. government to rethink proposed
rules for awarding grants and tax credits for the U.S.
semiconductor industry.
(END) Dow Jones Newswires
May 26, 2023 17:15 ET (21:15 GMT)
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