Russia’s Central Bank Slashes Rates, Sees Smaller Hit From Sanctions
Russia’s central bank Friday lowered its key interest rate below its prewar level, and said it expects the economy to...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Samsung Floats Nearly $200 Billion Spend on New Texas Chip Plants in Next Decades
SEOUL— Samsung Electronics Co. has floated the prospect of investing nearly $200 billion for 11 new chip-making plants in Texas...
ECB Raises Rates by Half-Percentage Point in First Hike Since 2011
FRANKFURT—The European Central Bank raised interest rates by a larger-than-expected half-percentage point and unveiled a new plan to buy the...
Airlines Are Making Money Again, but They Can’t Keep Up With Surging Travel Demand
Rising costs and airlines’ operational stumbles are taking some of the shine off a summer marked by an insatiable appetite...
Amazon to Buy One Medical for $3.9 Billion in Healthcare Deal
One Medical offers healthcare services in person and provides access to virtual care. A One Medical practice in Park Slope,...
Protesting Truckers Pledge Extended Blockade of Port of Oakland
Truckers say they are prepared to block the West Coast’s third-busiest container port until California Gov. Gavin Newsom listens to...
Macau Casinos to Reopen Saturday After Covid-19 Shutdown
Casinos in the gambling hub of Macau will be allowed to reopen Saturday after a nearly two-week shutdown amid a...
Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown
Tesla’s second-quarter production was limited by Covid-related restrictions in China and supply-chain disruptions. Photo: jade gao/Agence France-Presse/Getty Images Updated July...
U.S. Home Prices Hit New Record of $416,000 in June as Sales Continued to Slide
The median existing home price hit another record in June, rising to $416,000, and sales declined for the fifth straight...
Netflix Loses Nearly 1 Million Subscribers, Vows Rebound
Netflix Inc. NFLX 5.61% suffered two consecutive quarters of subscriber losses for the first time in its history, and said...
CDC Recommends Novavax’s Covid Vaccine for Adults 18 and Older
The Centers for Disease Control and Prevention on Tuesday recommended the use of Novavax Inc.’s Covid-19 vaccine, the final hurdle...
Twitter-Musk Trial Set for October in Lawsuit Over Stalled $44 Billion Takeover
Chancellor Kathaleen St. Jude McCormick, the chief judge of the Delaware Chancery Court, ordered a five-day trial in October, over...
Boeing Sells Five 787 Dreamliners to Aircraft Lessor in Air Show Boost
FARNBOROUGH, England— Boeing Co. BA 4.00% sold five more 787 Dreamliners to aircraft leasing company AerCap Holdings N.V. AER 4.68%...
Twitter Says Elon Musk’s Opposition to Expedited Trial Is a Tactical Delay
Twitter Inc. called Elon Musk’s opposition to a speedy trial for its case against the billionaire a tactical delay and...
Uber Agrees to Pay Penalties After Overcharging People With Disabilities
The Justice Department said it settled a case with Uber Technologies Inc. that alleged the ride-hailing company wrongfully charged wait-time...
Hulu Is Driving More Streaming Subscribers to Disney Than Marvel or Star Wars
Hulu has emerged as Walt Disney Co. DIS 0.53% ’s fastest-growing U.S. streaming service, just as the company loads up...
Air Travel Is Broken. Here’s Why.
This summer was supposed to mark the rebirth of commercial aviation after two years of travel restrictions left the industry...
Boeing Closes In on Making New Dreamliner Deliveries
LONDON— Boeing Co. BA 0.40% commercial airplanes chief Stan Deal said Sunday the manufacturer was “very close” to resuming 787...
Chip Investment Decisions Await Congressional Action on $52 Billion Funding Bill
Political wrangling in Congress over government funding for the semiconductor industry is leaving tens of billions of dollars of potential...
Supermarkets, Restaurants Hire Security, Limit Hours to Combat Crime
Restaurants and grocery stores said they are revamping operations in response to crime, with some operators limiting hours, spending more...
