Billionaire Frank McCourt Plans Bid for TikTok in U.S.

The real-estate mogul said he is organizing a bid to acquire platform, saying he will put users and data security at the center of its design and purpose. 


 
EBay Boosts Investments in GPUs in Push to Harness AI

The online marketplace is carving out more space in its capital expenditure budget to fund its push into generative artificial intelligence. 


 
Google Regains AI Initiative by Playing to Its Strengths

Adding generative AI to search and Android shows the tech giant's distribution muscle while lessening risk to key businesses. 


 
Tesla Hits the Road to Persuade Shareholders to Pay Elon Musk $46 Billion

Investors will vote on a 2018 pay package again after a judge threw it out. 


 
BYD Debuts First Pickup Truck in Mexico

Chinese automaker BYD has launched its first pickup truck, debuting a luxury plug-in hybrid in Mexico to compete with global rivals in China's second-largest market for auto exports. 


 
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.


(END) Dow Jones Newswires

05-15-24 0915ET