JPMorgan's Profit Rises, but Higher Interest Rates Start to Sting

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


 
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. 


 
Tech Earnings Are Back. Watch AI, These 8 Stocks.

So far, AI hype has focused on chips and infrastructure.This quarter, the focus shifts to software companies. 


 
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. 


 
Morgan Stanley's Wealth Arm Probed by Multiple Federal Regulators

Treasury Department offices and others are looking into how Morgan Stanley vets clients at risk of laundering money through the bank's wealth-management division. Shares fell more than 5%.


(END) Dow Jones Newswires

04-12-24 1115ET