Tesla to Recall Over 1.6 Million EVs in China Over Autosteering, Door Latch Concerns 
 

Tesla is recalling more than 1.6 million electric vehicles in China in another blow to the company's ambitions for the Chinese market.

 
Chinese Financial Conglomerate Zhongzhi Declares Bankruptcy 
 

The bankruptcy follows a calamitous year in which Zhongzhi sparked fears that the world's second-largest economy was facing a "Lehman moment."

 
You Can Buy Gold Bars at Costco. But Are They Worth It? 
 

The retailer says that its periodic offers sell out quickly. And some say it's a pretty good deal, all things considered.

 
Shares in European Drinks Makers Drop on China Investigation 
 

Shares in European drinks makers tumbled after the Chinese government launched an anti-dumping investigation into brandy imported from the European Union in an escalation of trade tensions between the regions.

 
Exxon Mobil Expects Up to $2.6 Billion in Upstream Impairments 
 

Exxon Mobil is expecting up to $2.6 billion in impairments in the fourth quarter for its upstream business, mostly related to idled assets in California.

 
Netflix Eyes Ways to Make Money From Videogames, in Potential Pivot 
 

Ideas include charging extra for some games as well as incorporating ads and in-game purchases.

 
New Management at Lucky Bucks Sues Former Executives, Alleges Fraud 
 

The slot machine operator formerly known as Lucky Bucks is suing members of its former management and their affiliates, seeking the return of approximately $200 million and accusing them of defrauding the company.

 
Berkshire Buys More Liberty SiriusXM Tracking Stock 
 

The Warren Buffett-led company paid about $82 billion for voting and nonvoting shares, which trade at a discount to the value of Liberty's stake in Sirius XM Holdings.

 
SpaceX Sues Labor Board Over Employee Firings 
 

At issue is the company's decision to fire several SpaceX employees who circulated a letter critical of Elon Musk in 2022.

 
Supermarket Giant Drops Pepsi and Lay's Over Price Increases 
 

Carrefour stopped selling PepsiCo products in France, Italy, Spain and Belgium because of what it called unacceptable price increases.

(END) Dow Jones Newswires

January 05, 2024 07:00 ET (12:00 GMT)