Samsung Leader Jay Y. Lee Receives Presidential Pardon for Bribery Conviction
SEOUL— Samsung’s de facto leader, Lee Jae-yong, will receive a pardon on Monday, South Korea’s presidential office said, a legal...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Disney+ Price Increase Shows Limits of Subscriber-Growth Push
The growth-at-all-costs phase of the streaming wars is over; now, profits are the priority.Faced with slowing subscriber growth in their...
Rivian’s Losses Nearly Triple to $1.7 Billion
Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle...
Cardinal Health CEO Steps Down
Cardinal Health Inc. CAH 5.26% Chief Executive Officer Mike Kaufmann is stepping down from the healthcare products distributor as it...
Federal Trade Commission Expected to Launch Effort to Expand Online Privacy Protection
WASHINGTON—The Federal Trade Commission is expected to begin writing federal rules to expand online privacy protections as soon as Thursday,...
SoftBank to Reduce Alibaba Stake, Expects $34 Billion in Gains
Masayoshi Son is scaling back one of the greatest bets in tech history.The technology investor’s SoftBank Group Corp. said it...
Fed Likely to Want Further Evidence of Inflation Slowdown
A slowdown in inflation last month, following recent indications of a robust labor market, complicates the Federal Reserve’s decision on...
Foxconn Predicts Better Year Ahead but Flags Slowing Smartphone Demand
Foxconn Technology Group, the world’s biggest iPhone assembler, said demand for smartphones and other consumer electronics is slowing, leading it...
Elon Musk Sells Nearly $7 Billion Worth of Tesla Stock Amid Twitter Uncertainty
Elon Musk sold nearly $7 billion worth of Tesla Inc. TSLA -2.44% stock in recent days, regulatory disclosures show, amid...
BuzzFeed Expects Recession Fears to Pressure Advertising
BuzzFeed Inc. posted a wider quarterly loss amid rising costs and expenses, and said it expected recession concerns to keep...
Rapid Wage Growth Keeps Pressure on U.S. Inflation
Workers’ wages are rising briskly, a factor contributing to four-decade high U.S. inflation.Average hourly earnings grew 5.2% in July from...
Videogame Companies Face Slowdown as People Spend Less on Gaming
The videogame industry is seeing a sharp slowdown in growth as people are going out again after a pandemic-fueled spurt...
Deliveries of Boeing’s 787 Dreamliner Set to Resume in Coming Days
Delivery of a Boeing 787 Dreamliner would be the first new 787 to a customer in more than a year....
WSJ News Exclusive | Carlyle CEO’s Early Contract Proposal Was Met With Silence From Firm’s Board
As Kewsong Lee’s five-year contract was drawing to a close, advisers to Carlyle Group Inc.’s CG -6.23% CEO worked with...
Nvidia Warns of Sales Shortfall as Gaming Revenue Drops
The Santa Clara, Calif., company expects revenue of $6.7 billion for the quarter ended July 31, some 17% below the...
Pfizer Agrees to $5.4 Billion Deal for Global Blood Therapeutics
Pfizer Inc. has agreed to buy Global Blood Therapeutics Inc. for $5.4 billion, in a deal that would give the...
SoftBank Reports Record $23 Billion Quarterly Loss as Tech Downturn Hits
TOKYO—Japanese technology investor SoftBank 9984 0.74% Group Corp. on Monday reported a record quarterly loss of more than $23 billion...
Tom Alberg, Early Amazon Investor and Long-Time Amazon Board Member, Dies at 82
Tom Alberg, an early investor in Amazon.com Inc., AMZN -1.24% longtime adviser to Jeff Bezos and leader in Seattle’s technology...
How One Grocery Chain in Pennsylvania Is Preparing for a Downturn
Supermarket chain Karns Foods says it is getting ready for a recession.The family-run company in Mechanicsburg, Pa., is carrying more...
Eli Lilly Speaks Out Against Indiana’s Ban on Most Abortions
Eli Lilly LLY -1.46% & Co. spoke out against Indiana’s new abortion law, saying the restrictions could hurt the pharmaceutical...
