Consumer Spending Rose in September as Prices for Rent, Transportation Increased
Americans stepped up their spending and slowed their saving in September as they faced higher prices, especially for services such...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
WSJ News Exclusive | Fast-Fashion Juggernaut Shein’s Sales Close In on Zara, H&M
Online retailer Shein is on track to generate revenue of $24 billion this year, according to people close to the...
Elon Musk Twitter Deal Completed, CEO and CFO Immediately Fired
Elon Musk fired several Twitter Inc. executives after completing his takeover of the company, according to people familiar with the...
Amazon Shares Skid After It Gives Weak Outlook Amid Recession Fears
With demand slowing, Amazon has been subleasing millions of square feet of excess warehouse space. Photo: Sebastian Hidalgo for The...
Comcast Takes $8.6 Billion Write-Down on Sky, Reports Revenue Dip
Comcast Corp. CMCSA 5.51% took an $8.6 billion write-down on its Sky pay-TV operations and posted a dip in third-quarter...
Shell, Awash With Cash, to Boost Dividend, Share Buybacks
LONDON— Shell SHEL 0.95% PLC said it plans to boost its dividend and buy back another $4 billion of its...
Skechers Says Kanye West Escorted From Office After Showing Up Uninvited
BusinessFootwear company says it ‘is not considering and has no intention of working with West’ Source link
Facebook Parent Meta’s Earnings Fall Short as Revenue Decline Accelerates
Facebook parent Meta Platforms Inc. META -5.59% posted its second revenue decline in a row, as the social-media giant wrestles...
Accounting Errors to Cost Executives Their Bonuses Under SEC Rule
WASHINGTON—The Securities and Exchange Commission approved a rule Wednesday that requires public companies whose financial statements contain errors to recoup...
Chip Maker SK Hynix Slashes Capital Spending
SEOUL—SK Hynix Inc., one of the world’s biggest chip makers by revenue, halved its planned investments for next year due...
Warner Bros. Discovery Names Two Superhero Veterans to Lead DC Studios
Warner Bros. Discovery Inc. WBD 2.96% has tapped the veteran director-producer team of James Gunn and Peter Safran to lead...
UPS Earnings Rise as Higher Prices Offset Shipping Slowdown
United Parcel Service Inc.’s profit climbed in the third quarter despite a downtick in shipping volumes as higher prices buoyed...
Soaring Inflation Pushes Halloween Candy Prices Scary High
Soaring inflation has already strained home buyers, drivers at the gas pump and people buying plane tickets.Now it’s coming for...
Biotech Co-Founder, Facing Murder-for-Hire Charges, Accused of Fabricating Data
Enochian BioSciences Inc. has sued co-founder Serhat Gumrukcu for contractual fraud, alleging that it paid him and his husband $25...
WSJ News Exclusive | Juul Discusses a Possible Bailout With Two of Its Biggest Investors
Juul Labs Inc. is in talks with two of its biggest investors on a bailout that could help the e-cigarette...
SpaceX, Boeing and Lockheed Prepare Future Hardware for NASA’s Artemis Program
Companies behind NASA’s Artemis moon program—including SpaceX, Boeing Co. BA 0.52% and Lockheed LMT 0.63% Martin Corp.—are working on future...
China’s Xi Jinping, Secure in Power, Faces Deepening Economic Challenges
Easing Covid rules and aiding the property sector could boost growth, but some economists worry the priority will be giving...
Philips to Cut 4,000 Jobs as Big Recall, Supply Snags Hit Earnings
Royal Philips NV PHG -1.51% said it would cut 4,000 jobs in a bid to turn around its embattled business,...
Superhero Film ‘Black Adam’ Revives Weekend Box Office
“Black Adam,” the latest superhero movie from Warner Bros. Discovery Inc.’s WBD 4.41% DC Films studio, opened up to $67...
Companies Take Different Strategies to Navigate High Inflation
The first batch of earnings reports from companies for the September quarter show that corporate profit margins are feeling the...
