Disney Pares Streaming Losses, Takes Hit From India Deal

The entertainment giant added streaming customers as it swung to a loss as a result of a charge from an India media venture. 


 
Tesla's China Sales Fell in April

Tesla's sales in China dropped in April, while its Chinese rivals reported higher sales as the country's electric-vehicle market rebounded from a slow start this year. 


 
BP to Cut Costs as Posts Fall

BP plans to cut at least $2 billion in costs after its first-quarter profits were hit by lower prices and a U.S. refinery outage, missing market forecasts. 


 
Saudi Aramco Net Income Falls on Declining Crude Oil Volumes

Saudi Arabia's national oil company first-quarter profit fell and missed analysts' forecasts due to a lower volume of crude oil sold and weaker refining and chemicals margins. 


 
OpenAI Says It Can Now Detect Images Spawned by Its Software-Most of the Time

The startup's new tool detects 98% of pictures generated by its text-to-image generator DALL-E 3, but success drops if the images are altered. 


 
UBS Beats Forecasts as Integration-Related Costs Fall

UBS returned to profit in the first quarter with the integration of Credit Suisse less of a drag on its performance than analysts anticipated, as the group continued to attract funds from wealthy clients. 


 
Palantir Earnings Crush Estimates

The company keeps gaining traction with its AI tools, in particular with U.S. commercial customers. 


 
Tesla Faces Strong Self-Driving Rivals in China

Elon Musk's visit stoked excitement, but the company has plenty of homegrown competition for FSD. 


 
Amazon to Invest $9 Billion in Singapore Cloud Infrastructure

The tech giant will spend $9 billion to expand its cloud services in Singapore, coming as global tech companies are boosting their data-center footprints in Asia amid a boom in demand for artificial-intelligence computing. 


 
Nintendo Teases Switch Successor After Weak Guidance

Nintendo said it will announce a successor to its seven-year-old Switch videogame console after guiding for a significant profit drop this fiscal year on weaker device and game sales.


(END) Dow Jones Newswires

05-07-24 0715ET