U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

United States Steel shareholders approved the sale in the midst of union opposition and ongoing regulatory reviews. 


 
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. 


 
Rent the Runway is on track for its best week ever after putting up meme-stock-like gains, but the stock is still way down overall

Rent the Runway Inc., an online clothing-rental platform whose stock has plummeted over the past three years as it wrangles debt and weaker clothing demand, is up some 360% this week, putting the shares on pace for their best week on record. 


 
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.


(END) Dow Jones Newswires

04-12-24 1915ET