News Highlights: Top Company News of the Day
Apple Has No Easy Road Out of China
Unrest in China has affected production of Apple's devices,
threatening the near-term sales mix that investors were counting on
to help prop up iPhone revenue and highlighting long-term
BlockFi Files for Bankruptcy as Latest Crypto Casualty
Cryptocurrency lender BlockFi filed for bankruptcy, making it
the latest major digital assets company to fail since FTX, with
which BlockFi is financially intertwined.
Musk Attacks Apple and Its CEO Over Advertising, Censorship
Elon Musk criticized Apple and CEO Tim Cook for allegedly
withdrawing most of its advertising spending on Twitter.
Robert Iger at Town Hall Vows to Focus on Creativity
The Disney CEO tells employees that the company needs to chase
profitability from streaming rather than new subscribers.
Shell to Buy Biogas Producer in $2 Billion Deal
It is the latest move by a major oil and gas company to push
into renewable fuels.
Kim Kardashian Re-Evaluates Balenciaga Ties After Ads With Teddy Bears in Bondage Gear
The reality TV star said she was re-evaluating her business ties
with the fashion brand following the controversial campaign.
Meta Fined $276 Million in Europe for Data-Scraping Leak
The fine issued by Ireland's Data Protection Commission, Meta's
main privacy regulator in the European Union, is the latest sign of
how authorities in the region are becoming more aggressive in
applying the bloc's privacy law to big technology companies.
Analysis: Nestle's Pricing Dynamics in Focus at Investor Day
Nestle's near-term pricing dynamics are expected to be a key
focus for the market at the company's investor day, with the
consumer-goods industry struggling with high costs.
Twitter Is Too Musk to Fail
Twitter's finances are bleak, but Elon Musk would rather make it
a money pit than allow it to buckle under.
It's Cyber Monday. What Steep Discounts Mean for Retailers.
How much margin are retailers willing to sacrifice in order to
clear excess inventory, asks one analyst. More importantly,
investors may not be willing to bear the pain.
(END) Dow Jones Newswires
November 28, 2022 15:00 ET (20:00 GMT)
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