News Highlights: Top Company News of the Day
The AI Boom Runs on Chips, but It Can't Get Enough
A shortage of the kind of advanced chips that are the lifeblood
of new generative AI systems has set off a race to lock down
computing power and find workarounds.
China's C919 Takes Maiden Commercial Flight-and First Bite From Boeing
Despite backing from top leaders and a ready-made market for its
planes, manufacturer Comac faces a steep path to success.
Wall Street's Next Big Play Is Garbage
The green push by the U.S. and state governments is turning
trash into treasure and boosting the firms that handle America's
Musk Turns His Attention to 2024 White House Race
The billionaire wants Twitter to be the home to presidential
hopefuls, but Ron DeSantis's glitch-plagued campaign launch raises
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.
Disney's Orlando Campus Cancellation a Blow to Neighboring Projects
Adjoining commercial and residential developments were banking
on the relocation of 2,000 Walt Disney employees to Florida.
Volkswagen Bets an Old SUV Can Help It Win Over Americans
After decades of trying to sell German engineering to Americans
only to end up with a tiny slice of the world's most profitable car
market, Volkswagen has a new strategy: Revive a once-beloved brand
that hasn't produced cars since 1980.
Beverly Hills Voters Stymie LVMH Plans to Expand U.S. Hotel Business
The majority of votes counted in this week's referendum were
against plans by LVMH's Cheval Blanc brand to build its first hotel
in the U.S.
Disney's 'Little Mermaid' Tops Weekend Box Office
Domestic sales for the remake fell in the middle of the studio's
recent live-action redos of animated classics.
Big Lots Shares Drop to 30-Year Low
The furniture and home-decor chain suspended its quarterly
dividend amid declining sales and widening losses.
(END) Dow Jones Newswires
May 29, 2023 01:15 ET (05:15 GMT)
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