A soldier nicknamed Sniper sprinted forward and tossed a grenade into the tunnels where the Russians were sheltering. It exploded, sending smoke billowing. The Russian soldiers rushed out and Ukrainian forces hit them with mortars. Soon after, Ukraine took the position and then the entire road.

China Evergrande Group's Shares Rise After Resuming Trade

China Evergrande Group's shares rose sharply early Tuesday upon resuming trade, following a halt last week after the property developer's chairman was placed under police control.

Shares rose as much as 44% to 0.46 Hong Kong dollars (6 U.S. cents), their biggest intraday rise since Sept. 6.

TikTok Parent ByteDance Turns Operating Profit, Sees Revenue Slow

TikTok parent ByteDance turned an operating profit of nearly $6 billion in the first quarter of 2023, nearly double its haul from the previous year as the Chinese social-media giant pared back expenses.

The rare look inside the private company's closely guarded finances shows the extent to which ByteDance has turned around its business since 2021, when it had an operating loss of $7 billion, The Wall Street Journal previously reported.

Visa to Invest $100 Million in Generative-AI Startups

Visa is launching a new $100 million venture initiative to invest in generative-AI startups.

The credit-card company on Monday said its corporate venture arm, Visa Ventures, will be in charge of the investments as it looks to further develop artificial-intelligence technologies and applications.

Microsoft CEO Says Google's Agreements With Apple Unfairly Harmed Bing

WASHINGTON-Google has used unfair tactics to hobble Microsoft's Bing search engine, Microsoft Chief Executive Satya Nadella said on the witness stand Monday in the landmark U.S. antitrust case against Google, adding there might be limits to how much new artificial-intelligence applications can reshape the market.

Testifying in a packed courtroom in Washington, Nadella endorsed the Justice Department's theory that Google, a unit of parent company Alphabet, cemented its dominance of internet search through agreements with Apple that have made Google's search engine the default on Apple's Safari web browser.

Tesla's Vehicle Sales Slow in Third Quarter

Tesla's sales momentum slowed during the third quarter as the automaker took production offline for factory upgrades and prepared to release its long-awaited Cybertruck pickup.

For the first time in more than a year, global deliveries to customers fell quarter-over-quarter by 6.7% to 435,059 vehicles, the electric-car maker reported Monday. Tesla said the decline was due to planned factory downtime, and it kept a 2023 target of selling 1.8 million vehicles unchanged.

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Expected Major Events for Tuesday

06:00/ROM: Aug PPI

06:30/SWI: Sep CPI

07:00/TUR: Sep PPI

07:00/TUR: Sep CPI

07:00/SPN: Sep Unemployment

10:00/POR: Aug Industrial production index

10:00/FRA: Aug OECD CPI

15:00/DEN: Sep Foreign Exchange & Liquidity

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

10-03-23 0015ET