Macy’s, Best Buy Sales Decline, Reflecting Shopper Pullback
Macy’s said its sales were down 4.6% in the fourth quarter, and Best Buy said its U.S. sales for the...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Bank Profits Fell 6% Last Year as War, Inflation and Higher Rates Hurt Results
The $263 billion in total profit ranks as second-best on record, yet recession fears prompted a rise in loan-loss reserves....
Wendy’s Targets Sales Growth Amid Restructuring
BusinessEarningsFor 2023, fast-food company expects global systemwide sales to grow 6% to 8% Source link
Former Facebook Execs Launch Startup, Adding to Efforts to Improve Ad Measurement
Two former executives of Facebook parent Meta Platforms Inc. are seeking to solve one of the social-media industry’s biggest challenges...
Elon Musk Aims to Rally Tesla Shareholders Around Long-Term Vision at Investor Day
The electric-vehicle maker is expected to discuss manufacturing plans and future products. Source link
Rivian Posts Mixed Quarterly Results, Issues New Recall
The move comes as the company’s cash burn accelerates and it continues to lose money as it tries to scale...
States Propose Billions in Tax Relief Despite Economic Uncertainty
PoliticsNew Jersey’s governor floats rebates as several states including New York and Michigan debate what to do with surpluses Source...
WSJ News Exclusive | Pentagon to Reap Rewards From $53 Billion Chips Act
WSJ News ExclusiveNational SecurityProgram aims to bolster national security by cutting reliance on imported chips Source link
In Deposition, Rupert Murdoch Says Fox News Hosts Endorsed False 2020 Election Claims
BusinessMedia & MarketingNew details emerge in defamation case brought by voting-machine company Dominion Voting Systems Source link
WSJ News Exclusive | Altria in Talks to Buy Vaping Startup NJOY for at Least $2.75 Billion, Divest Its Stake in Juul
WSJ News ExclusiveBusinessMarlboro maker looks to buy rival e-cigarette company after struggles with Juul Source link
Student-Loan Forgiveness Case at Supreme Court Hinges on ‘Harm’
PoliticsCentral issues can’t be considered until high court decides whether plaintiffs have standing Source link
War in Ukraine Drives New Surge of U.S. Oil Exports to Europe
MarketsCommoditiesOil MarketsWith the West mostly shunning Russia’s oil and gas, U.S. crude exports increase Source link
Frackers Increase Spending but See Limited Gains
U.S. oil and gas producers raked in profits last year, but inflation and inventory cloud their 2023 prospects. Source link
Newspapers Drop ‘Dilbert’ After Cartoonist Calls Black Americans ‘Hate Group’
BusinessMedia & MarketingUSA Today Network, Washington Post among newspapers to stop publishing comic Source link
U.S. Aluminum Producers Support Biden Tariffs on Russian Imports
American companies said they don’t expect the move by the Biden administration to drive up U.S. costs. Source link
North African Countries Snap Up Russian Oil Products Shunned by West
BusinessSome Russian cargo is being exported back to Europe, analysts suspect Source link
The Truth About the Four-Day Workweek, From People Who Have Tried It
More companies are experimenting with the four-day workweek, and workers who have tried it are divided on how fruitful an...
Burned Out, More Americans Are Turning to Part-Time Jobs
Part-time work is exploding.The number of Americans working part time rose by 1.2 million in December and January compared with...
Continuing Sanctions Against Russia Mark ‘Tectonic’ Shift
Russia’s invasion of Ukraine a year ago prompted a volley of tough sanctions from the U.S. and its allies, a...
‘South Park’ on Paramount+ Prompts Warner Bros. Discovery Lawsuit
BusinessMedia & MarketingWarner Bros. Discovery says it paid over $500 million in 2019 to exclusively stream episodes Source link
