High Rates Have Been a Profit Machine For Banks. Not Anymore.

America's biggest bank warned that it is starting to pay more on customer deposits. 


 
Roku Says Hackers Gained Access to 576,000 Accounts in Data-Breach Incident

It is the streaming-hardware maker's second data breach this year, prompting Roku to institute additional security measures. 


 
China Tells Telecom Carriers to Phase Out Foreign Chips in Blow to Intel, AMD

The move is the latest installment in a U.S.-China technology war that is splintering the global chip industry. 


 
Weight-Loss Drugs Like Wegovy Don't Cause Suicidal Thoughts, EU Says

A study looked at potential links between popular weight-loss and diabetes drugs and reports of suicidal and self-harming thoughts. 


 
Thyssenkrupp Steel to Cut Output, Jobs

Thyssenkrupp Steel plans to reduce its production capacity to between 9 million and 9.5 million metric tons a year, broadly in line with its shipments over the past three years and cut jobs, in response to challenging market conditions, with weak demand, high energy costs and rising competition from Asia hurting its business. 


 
Paramount plans to trim size of its board amid merger talks

Paramount Global on Thursday said it plans to trim the size of its 11-member board of directors to seven, as it continues exclusive merger talks with Skydance Media. 


 
Rivian Stock Closed at a Record Low. Blame Ford.

Ford looks to be cutting prices of its all-electric pickup truck. That would put pressure on other manufacturers. 


 
Amazon's stock finally clinches a fresh record close

The company is edging closer to a $2 trillion market value. 


 
Boeing Reveals Executives Got an Extra $500,000 in Private-Jet Perks

A Boeing review found that Chief Executive David Calhoun and other top executives took personal trips worth more than $500,000 on the company's private jets and other planes that were improperly recorded as business travel. 


 
Oil Giants Pivot to Plastics. Sizing Up a Historic Glut.

With gasoline's days numbered, oil companies are sending huge amounts of their production to chemical plants for plastic. What it means for companies and the environment.


(END) Dow Jones Newswires

04-12-24 1315ET