U.S. Retail Spending Held Steady in July
U.S. consumers continued opening their wallets last month, shifting savings from falling gasoline prices to purchases of everyday goods as...
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Breaking Business News/Latest Business Updates/World Business News Update
U.K. Inflation Tops 10%, Underlining Gloomy Outlook for Europe
The U.K.’s annual rate of inflation moved into double digits in July and is set to rise even higher by...
Bed Bath & Beyond Shares Surge Despite Liquidity Concerns
Bed Bath & Beyond Inc. shares soared as much as 70% on Tuesday before retreating to close up 29%, defying...
Schools Are Looking in Unusual Places to Deal With Teacher Shortage
In Maine, state employees are pitching summer-camp counselors on the benefits of being a teacher. In Texas, school districts are...
Walmart Earnings Show Rise in Revenue as Higher Prices Lift Business
Walmart Inc.’s WMT 5.77% revenue rose in the second quarter as the retail company benefited from consumers both paying more...
BHP Earnings Nearly Triple as Coal Prices Run Hot
ADELAIDE, Australia—BHP Group Ltd. said its annual profit nearly tripled as it benefited from the sale of its petroleum business...
Federal Reserve Finalizes Guidelines for Access to Its Payment Systems
The Federal Reserve said Monday it would adopt a tiered approach toward determining whether to grant financial institutions access to...
U.K. Approves Covid-19 Booster Shot Aimed at Omicron
The U.K. became the first country to approve Moderna Inc.’s Omicron-targeting Covid-19 vaccine as a booster shot, paving the way...
China Growth Slows Across All Fronts in July, Prompting Unexpected Rate Cut
SINGAPORE—China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly...
Japanese Economy Recovers Prepandemic Size With 2.2% Growth
TOKYO—Japan’s economy recovered its prepandemic size in the April-June quarter thanks to strong consumer spending and higher exports, but inflation...
Winemakers in Southern Europe Grapple With Extreme Weather
Lucio Salamini has witnessed the weather patterns around his family’s vineyard in northern Italy change dramatically over the past 30...
Aramco Reports Record Profit, Injecting Saudi Kingdom With Cash
DUBAI—High crude prices are infusing Saudi Arabia with billions of dollars in cash, fueling record profit at its national oil...
Movie Theaters Plot Revival as Americans Show Up for Blockbusters
America’s movie theaters are enjoying a happy plot twist for a change.The summer movie season is wrapping up with several...
Consumers Are Still Spending on Fun
Americans are splurging on summer travel and entertainment, putting their money toward experiences outside of the homes where they spent...
Victoria’s Secret Is Trying a New Look. Can Customers Be Convinced?
Victoria’s Secret VSCO 4.16% spent the last year trying to shift from a brand associated with the male gaze to...
For Rent: 327 Square Foot Apartment With 5 Rooms—Thanks to Robot Furniture
Our homes are, as comedian George Carlin put it, just a place for our stuff. But what if, asks a...
WSJ News Exclusive | Facebook Marketplace and DoorDash Team Up for Local Deliveries
The deal is an attempt to get more people, especially younger ones, to use Meta-owned Facebook, according to a person...
Relaxed CDC Covid Guidelines Seen as Boost for Return to the Workplace
Federal health officials’ move this week to relax pandemic precautions gave business leaders the momentum many have been looking for...
WSJ News Exclusive | Best Buy Cuts Store Jobs to Help Boost Profits
Best Buy Co. BBY -0.15% is cutting store jobs across the country, as the electronics and appliance retailer works to...
Shops Ordered Lots of Bikes in 2020. Peddling Them Is an Uphill Climb.
ElliptiGo Inc. Chief Executive Bryan Pate didn’t have enough of his outdoor elliptical bikes to sell when demand surged in...
