Shell Flags Impairment Hit of up to $4.5 Billion

Shell said its fourth-quarter earnings took a hit of up to $4.5 billion in impairments that were offset by significantly higher gas trading, while its overall production volumes are on track to meet targets. 


 
Nvidia's New China Pickle: Customers Don't Want Its Downgraded Chips

The tech giant's Chinese buyers are pushing back against the lower-powered AI chips it hopes to sell to them in response to U.S. export curbs. 


 
Boeing Is Back in the Spotlight-This Time Over a MAX 9

The aircraft maker's executives race to reassure airlines after latest incident, as FAA grounds 171 MAX 9 jets 


 
One Plane Breaks Apart, Another Burns: Air Travel's Rough 2024 Start

A surge in demand and labor issues have put the industry under stress. Commercial flying remains safe by historical measures. 


 
China Evergrande New Energy Vehicle Executive Detained

A senior executive of China Evergrande New Energy Vehicle Group has been detained on suspicion of crimes, the latest blow to the company after a deal for a potential cash injection lapsed last week. 


 
Radio giant Audacy files for chapter 11 bankruptcy, as ad sales plunge

Radio and podcast giant Audacy Inc. filed for chapter 11 bankruptcy protection Sunday amid a cratering advertising market. 


 
NASA Bets on Private Companies for Moon Landings in 2024

American companies plan as many as five lunar landings this year for the U.S. space agency and other clients, starting with Astrobotic Technology's uncrewed Peregrine mission set to launch Monday. 


 
Fraud, or Just a Bad Deal? Oligarch and Sotheby's Battle in Court Over Rarefied Art Trade

A Russian billionaire's lawsuit shines light into secretive finances in the art world's elite tier. 


 
Elon Musk Has Used Illegal Drugs, Worrying Leaders at Tesla and SpaceX

Some executives and board members fear the billionaire's use of drugs-including LSD, cocaine, ecstasy, mushrooms and ketamine-could harm his companies. 


 
Can Charlie Munger's Investing Playbook Still Work? Even He Wasn't So Sure

Value investing struggled during the long era of low interest rates. Warren Buffett's partner warned investors hunting for deals they should "get used to making less."


(END) Dow Jones Newswires

01-08-24 0315ET