Press Digest: Wall Street Journal - September 19

Biglari Holdings

19/09/2025 06:43

Sept 19 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Nvidia NVDA.O said on Thursday it would invest $5 billion in Intel INTC.O, throwing its heft behind the struggling U.S. chipmaker just weeks after the White House engineered an extraordinary deal for the federal government to take a massive stake in the company.

- UPS UPS.N terminated its plans to buy Estafeta, abandoning a more than year-long effort to acquire the Mexican small package provider.

- Private-equity firm Ames Watson on Thursday closed a deal to buy jewelry retailer Claire's out of bankruptcy for $140 million.

- Cracker Barrel CBRL.O targeted with proxy fight by Steak 'n Shake investor Sardar Biglari, founder of Biglari Holdings Inc BHa.N.

- FedEx FDX.N plans to rely more on shipping within the U.S. and from markets such as Europe, as tariffs slow down trade to the U.S. from China.

- American Express AXP.N is raising the annual fee on its Platinum credit card to $895 from $695 effective Thursday.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))