Shell to Raise Dividend, Boost Returns
Shell said it will lift its shareholder distribution to 30%-40% of cash flow, with a 15% increase in dividend, and will also launch share buybacks of at least $5 billion for the second half of 2023.
Salesforce Aims to Plug ‘AI Trust Gap’ With New Tech Tools
The software giant says its new technology will help clients use generative AI tools such as ChatGPT safely by protecting proprietary data, among other things.
Nvidia Rides AI Boom to Become Latest U.S. $1 Trillion Company
The chip company ended trading Tuesday with a valuation of more than $1 trillion, becoming the seventh U.S. company to reach that status.
Toyota Shareholders Re-Elect Akio Toyoda to Board, Rejecting Activist Push
Some investor groups in the U.S. and Europe sought Toyoda’s ouster over his stance on electric vehicles.
Bud Light Loses Title as Top-Selling U.S. Beer
Modelo Especial overtook the brand as the top-selling U.S. beer in May, punctuating a monthslong boycott of Bud Light that has reshuffled the beer industry.
Tesla again raises starting price of Model Y by $250 in U.S.
After cutting prices on its vehicles earlier this year to boost sales, Tesla has been tweaking prices higher where it can.
Goldman Sachs Is at War With Itself
CEO David Solomon has come under fire from partners who complain about bonuses, strategy and that DJ side gig.
Amazon Web Services Outage Disrupts Some Customers
The website Downdetector shows outages in various parts of the country, with the biggest concentration in Washington and New York.
Bunge to Buy Viterra in $8.2 Billion Bet on North American Crops
Bunge plans to combine its strength in soybean processing and South American crops with Viterra’s network of North American grain-buying and shipping facilities.
After I-95 collapse, FedEx and UPS work to minimize impact on supply chains
“We are closely monitoring the situation on I-95 and are making adjustments accordingly,” FedEx told MarketWatch.
Source: Dow Jones Newswires