BUSINESS News
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Prudential Suffers Big Loss on Rising Rates
Rising interest rates and volatile stock markets battered insurer Prudential in the third quarter, while AIG was stung by claims from...
Penguin Random House Blocked From Acquiring Rival Publisher Simon & Schuster
A federal judge ruled in favor of the Justice Department’s antitrust challenge to the planned $2 billion merger. Source link
The Fed’s Problem With the Job Market
Federal Reserve officials worry that rising wages will lock the economy into a high-inflation regime. But how great is the...
Merck Is Coming for Pfizer’s Pneumonia Vaccine Market Share
HealthRivals’ interest in the $7 billion market shows the drug industry’s renewed focus on vaccines Source link
Twitter Is Drafting Broad Job Cuts in Whirlwind First Weekend Under Elon Musk
Twitter Inc. drafted plans for broad layoffs as part of a whirlwind several days in which new boss Elon Musk...
Taylor Swift’s ‘Midnights’ Breaks Album Sales Records in First Week
ArtsMusicThe artist’s new record sold 1.58 million copies, including 575,000 vinyl LPs, and marks the third-largest streaming week for a...
U.N., Turkey Race to Save Ukraine Grain Deal
ISTANBUL—The United Nations and Turkey on Sunday scrambled to rescue an agreement that allowed Ukraine to ship grain via the...
JPMorgan, Macy’s and Other Companies Reveal What They Pay Workers as Deadline Looms
New York City employers are starting to comply with a new salary transparency law taking effect this week that will...
Elon Musk Takes Twitter Helm as Social Media Sputters
With his six-month takeover saga behind him, Elon Musk now takes on the work of righting Twitter Inc.’s ship in...
Pfizer, Uber and Starbucks Highlight Another Busy Earnings Week
Pfizer Inc., PFE 3.69% Uber UBER -1.15% Technologies Inc. and Starbucks Corp. SBUX 2.13% are among the heavyweights headlining another...
Why the Future of the Computer Is Everywhere, All the Time
Imagine this scenario in the not-too-distant future. You’re awakened at 6:11 a.m. by the gentle sounds of tinkling bells and...
Economic Pressures Weigh on Voters in Final Midterms Campaign Stretch
Sean Belveal, a 44-year-old assistant high-school principal in suburban Cleveland who voted for President Biden, thinks his middle-class family shouldn’t...
U.S. Wages Rose Rapidly in Third Quarter, Keeping Pressure on Inflation
Wages and prices continued to rise rapidly in the late summer, keeping the Federal Reserve on track for more interest-rate...
Exxon Hits Record Profits Again as Oil Industry Sees Banner Quarter
The world’s largest oil companies continue to reap rewards from sustained high commodity prices as Exxon XOM 2.93% Mobil Corp....
