Author: WSJ

Today's Logistics Report: China Invests in Factories; Shoppers Deliver Holiday Sales Surprise Source link

Justices appeared ready to overturn the Reagan-era Chevron ruling reining in judges, agreeing with challengers who said it gives federal agencies too much leeway.

The billionaire said in a post to X that he feels uncomfortable making the auto company a champion of artificial intelligence without holding about 25% of the company.

Updated Jan. 16, 2024 4:48 am ETApple is offering rare discounts in China, including on its latest iPhones, in a bid to beat back growing competition in the high-end market.The tech giant is running a promotion from Thursday through Sunday in China in which it is cutting the price of iPhones by the equivalent of up to $70. Other products will be discounted by up to $110. The promotion comes ahead of the weeklong Lunar New Year holiday beginning Feb. 10, a customary gift-giving season in China.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the company jet.Companies in the S&P 500 spent $65 million for executives to use corporate jets for personal travel in 2022, up about 50% from prepandemic levels three years earlier, a Wall Street Journal analysis found. Early signs suggest the trend continued last year. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Vodafone group said it has signed a 10-year strategic partnership with Microsoft to offer scaled digital platforms to businesses and consumers across Europe and Africa.The U.K. telecommunications company said Tuesday that it will invest $1.5 billion over the next 10 years in cloud and customer-focused artificial-intelligence services developed with Microsoft.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Updated Jan. 15, 2024 12:03 am ETBEIJING—Boeing’s long-awaited delivery resumption of its 737 MAX jets to China faces fresh delays after the Alaska Airlines incident, as the plane maker was poised to benefit from the thaw in U.S.-China relations.China Southern Airlines, one of several Chinese carriers with undelivered MAX jets, has been readying to receive Boeing’s planes as early as January, people familiar with the matter said. Now the airline is planning to conduct additional safety inspections on those aircraft following the incident, the people said, though the jets to be delivered aren’t the same variant as Alaska’s MAX 9.Copyright ©2024 Dow Jones &…

Listen to article(2 minutes)For a master class in power networking, it’s tough to beat the one taking place in the Swiss Alps this week.The annual World Economic Forum brings the planet’s power brokers together for morning-to-past-midnight meetings over coffee, cocktails and fondue. For the thousands of CEOs, billionaires, intellectuals and world leaders descending on Davos, the setting is unrivaled in its potential to spark relationships, dealmaking and big ideas for the year ahead. After all, there are few other places where you can run into Al Gore at the hotel bar and wait next to Bill Gates to pass through…

As one of the nation’s first owners of General Motors’ new electric Chevrolet Blazer, James Hattin was loving the SUV—before the problems began.On a trip from the mountains back to his home in Burbank, Calif., he and his wife heard weird clicking noises coming from the dashboard. A short time later, the cruise control went out. A few days after that, in his driveway, the car’s screens went blank and the car wouldn’t start.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

RIO DE JANEIRO—Growing up in Rocinha, one of Brazil’s biggest slums, Maxwell Alexandre was reluctant to call himself Black. His mother, a Black woman herself, would have none of it. “She would tell people: ‘No, he’s not black; he’s gorgeous,’” said Alexandre, now 33 years old and one of the country’s most celebrated young artists. “It was as if beauty was associated with whiteness, as if dignity, talent, everything that was good was linked to being white,” he said.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link