Economy Week Ahead: Inflation in Focus
The U.S. consumer-price index for May is forecast to show inflation remained high. Photo: Spencer Platt/Getty Images U.S. and China...
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Breaking Business News/Latest Business Updates/World Business News Update
‘Friend-Shoring’ Might Be Bad for Global Growth, Inflation
As geopolitical tensions rise, Western governments have urged international companies to shift more business to friendly countries. Some critics think...
Elon Musk’s Bot Problem on Twitter Is Extraordinary
The Tesla CEO’s prominence and interaction with other users, as well as the topics he tweets about, make him a...
Individual Income Tax Payments on Pace to Reach Record Level
WASHINGTON—An unprecedented gush of income tax revenue is flowing into the federal government, driven in part by investors and business...
Elon Musk Says Tesla Plans to Cut 10% of Salaried Staff
Tesla Inc. plans to cut 10% of its salaried workforce amid concerns about the global economy and following a hiring...
Chevron CEO Sees Russian Oil Output Falling After Exit of Western Firms
Russia is still finding a home for much of its oil despite expanding sanctions, but its production likely will diminish...
Rivian’s Great EV Expectations Meet the Harsh Reality of Manufacturing
At Rivian Automotive Inc.’s factory in Normal, Ill., life is anything but.Car factories around the world routinely churn out models...
Adam Neumann’s ‘Goddess Nature Token’ Is the Future of Crypto—for Better or Worse
To understand the current state of Web3—that future version of the internet that proponents promise will be decentralized and better—it...
Corporate Executives Assess U.S. Economy as Clouds Form
Over the past week, business leaders have laid out in the starkest terms yet that a period of universal strength...
Bristol-Myers to Buy Turning Point Therapeutics for $4.1 Billion
Bristol-Myers Squibb Co. said it will acquire biotechnology company Turning Point Therapeutics Inc. TPTX 116.76% for $4.1 billion, an effort...
U.S. Added 390,000 Jobs in May
The U.S. economy added jobs at a solid pace in May, extending the labor market’s long stretch of gains.Employers added...
Sheryl Sandberg Built Meta’s Ad Machine but Someone Else Will Have to Fix It
Sheryl Sandberg created an advertising machine for Facebook parent Meta Platforms Inc. that capitalized on user data and fueled its...
Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest...
Amazon to Close Kindle Bookstore in China
HONG KONG— Amazon. AMZN 1.23% com Inc. is closing its Kindle digital bookstore in China and has halted sales of...
U.S. Hiring Demand Remained Strong in April
U.S. job openings remained close to record levels in April, and workers continued to quit at an elevated rate, signs...
Sheryl Sandberg Stepping Down as COO of Facebook Parent Meta Platforms
In a post on her Facebook profile, Ms. Sandberg said she would continue to serve as a member of Meta’s...
Baby Formula Shortage Worsens, Hitting Low-Income Families Hardest
New data suggest that the U.S. baby-formula shortage is deepening, particularly hitting states in the South and the Southwest. Nationally,...
U.S. Launches Initiatives to Boost Economic Ties With Taiwan
WASHINGTON—Amid growing tensions with China, the Biden administration is forging closer economic ties with Taiwan in areas including trade, supply...
Looking for $100,000 Salary? See How Much the Biggest U.S. Companies Pay Workers
Tesla (TSLA)$40,723-12%0099,290Automobiles & ComponentsBerkshire Hathaway (BRK-B)$58,881-14%6.35.6371,653Banks and financialActivision Blizzard (ATVI)$117,20718%7.01,5609,800Media & EntertainmentCopart (CPRT)$35,6381%147278,600Commercial & Professional ServicesAlphabet (GOOGL)$295,8848%2127156,500Media & EntertainmentMarketAxess (MKTX)$162,1209%3542676Banks...
FAA to Keep Tight Watch on Boeing Employees Who Represent Regulators
The Federal Aviation Administration said it rejected a Boeing Co. BA -0.63% request for the company to perform certain regulatory...
