Walmart's Reign as America's Biggest Retailer Is Under Threat

With Amazon on its heels, the nation's biggest company by revenue is hunting for ways to continue growing. 


 
With America Off-Limits, China EV Makers Aim to Conquer Rest of World

Carmakers in China are accelerating a sales push in Europe and Southeast Asia and are looking to produce more abroad. 


 
Hapag-Lloyd Lifts Lower-End of Guidance as Red Sea Situation Raises Rates

Hapag-Lloyd lifted the bottom-end of its full-year guidance range as the current situation in the Red Sea has tightened industry capacity, helping stabilize freight rates. 


 
Thyssenkrupp Cuts Guidance Again

Thyssenkrupp again cut its sales and profit forecasts for its fiscal year after write-downs and contracts to offset carbon emissions hit its second-quarter results. 


 
Burberry Profit Falls as Soft Demand, Turnaround Bite

Burberry posted a decline in profit for fiscal 2024 as it kept struggling to revitalize its business through a turnaround plan against a backdrop of slowing luxury demand. 


 
OpenAI Co-Founder Who Helped Oust Sam Altman Leaves the Company

Ilya Sutskever, who was the startup's chief scientist, offers praise for its leaders as he departs. 


 
Boeing Violated Criminal Settlement After 737 MAX Crashes, Justice Department Says

The U.S. government could seek to extend a probationary period for the plane maker or prosecute it for earlier misconduct. 


 
PwC's New U.S. Leader Starts Early as Predecessor Heads to Citigroup

PricewaterhouseCoopers' incoming U.S. head took the reins a month and a half early on Tuesday as his predecessor prepares to exit for Citigroup and the Big Four accounting firm gears up for new global leadership. 


 
Vanguard Names Former BlackRock Executive as CEO

Salim Ramji led BlackRock's ETF business and left in January. 


 
Nvidia's Jensen Huang Gets 60% Pay Bump

Huang's stock awards were valued about $7 million higher than in fiscal 2023, and he received a $4 million cash bonus.


(END) Dow Jones Newswires

05-15-24 0515ET