China-Founded Rivals Ramp Up War for American Shoppers
Online sellers Shein and Temu are fighting in U.S. courts, alleging dirty tricks as they duel for workers and suppliers...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Why the Drivers of Lower Inflation Matter
Competing effects of central banks, healing supply chains affect recession odds. Source link
The Fall of a Trucking Giant: Why Yellow Is on the Verge of Collapse
One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it...
How the U.S. Economy Is Sticking the Soft Landing
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber...
That Cool New Bookstore? It’s a Barnes & Noble.
Barnes & Noble used to be the book industry’s villain. Its new CEO wants to make it more like a...
Inflation and Wage Growth Ease as Fed Considers Next Move
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Biogen Buying Rare-Disease Drugmaker in $7.3 Billion Deal
The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases. Source link
Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping...
Bank of Japan Hints It Will Accept Higher Rates, Lifting Bond Yields
The central bank calls cap on government bond yields a reference point, not a rigid limit. Source link
McDonald’s Grimace Shake Trend Pays Off for Burger Chain
A meal celebrating the purple character helped drive sales after it went viral on TikTok. Source link
U.S. Economic Growth Accelerates, Defying Slowdown Expectations
The economy expanded at a 2.4% annual rate in the second quarter, remaining well clear of a recession despite higher...
Could a Recession Still Be Years Away? Steady Growth, Moderating Inflation Improve Odds of Extended Expansion
If the Federal Reserve achieves a soft landing, history suggests the economy could keep growing four or five more years....
Weaker Energy Prices Temper Shell’s Profit, but Not Cash Payouts for Investors
The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its...
Boeing Reports $149 Million Loss as Defense Charges Pile Up
The aerospace giant said it is increasing jetliner production as planned while reducing its debt. Source link
Meta Sees Ad Business Rebound but Warns of Higher Spending in Metaverse
The Facebook parent posted its highest quarterly sales growth in more than a year as demand for digital advertising gets...
Gap Poaches Mattel Executive Who Revived Barbie to Be Its CEO
Richard Dickson, president and chief operating officer at the toymaker, is taking over as Gap’s next chief executive. Source link
GE Brings Good Things (Its Shares) Back to Life
The manufacturer cited strong orders for jet engines and wind turbines, sending its shares up another 6%. Source link
UPS, Teamsters Reach Agreement on New Contract, Averting Strike
The five-year labor deal would prevent a strike by roughly 330,000 package-delivery drivers and package sorters. Source link
GM Again Lifts Its Profit Outlook, Plans More Cost Cuts
The automaker says buyers are willing to pay for pricier models and features. Source link
Elon Musk’s Pivot to X Draws Strong Opinions Across Twitter
The latest move by the billionaire owner to remake the platform elicits excitement and dismay from users, shrugs from advertisers....
