Elon Musk Contends Censorship, Not Abuse, Is Twitter’s Problem
Twitter Inc. executives spent years trying to promote what they called healthier discourse on the platform, adding content moderation largely...
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David Zaslav Wants to Distinguish CNN From ‘Advocacy Networks’
Warner Bros. Discovery Inc. Chief Executive David Zaslav told employees that he wants CNN to focus on maximizing its impact,...
Elon Musk Makes $43 Billion Bid for Twitter, Says ‘Civilization’ At Stake
Elon Musk went full-on corporate raider a week into his rolling clash with Twitter Inc., offering a $43 billion bid...
Peloton to Cut Price of Bikes, Raise Subscription Fees
Peloton Interactive Inc. will cut prices of its stationary bikes and treadmills and raise monthly subscriptions for online workout classes....
High Gasoline Prices Take Up Big Share of March Retail Spending Increase
U.S. retail sales grew modestly by 0.5% in March as consumers kept spending amid rising gasoline and food prices. Source...
Stellantis Shareholders Reject Executive Pay Packages, Including for CEO
PARIS— Stellantis NV shareholders took the unusual step Wednesday of rejecting the Jeep maker’s pay plan for top executives, including...
Trucking Boom Is Hitting the Brakes as Freight Demand Slows
The strong freight demand that has delivered bumper earnings for trucking companies during the pandemic appears to be waning, as...
Supplier Prices Rose Sharply in March, Keeping Upward Pressure on U.S. Inflation
Suppliers raised prices sharply last month, a sign inflation continues to percolate through the U.S. economy. The Labor Department on...
U.K. Inflation Hits Fresh Three-Decade High, Squeezing Household Budgets
The U.K.’s inflation rate rose to a fresh three-decade high in March, as energy prices surged following Russia’s invasion of...
U.S. Inflation Accelerated to 8.5% in March, Hitting Four-Decade High
U.S. inflation surged to a new four-decade high of 8.5% in March from the same month a year ago, driven...
Baby-Formula Shortage Prompts Rationing at Target, Kroger, Walgreens and CVS
The biggest U.S. retailers are rationing baby formula as a recall by the maker of Similac and other popular brands...
Former Treasury Official Michael Barr Is Frontrunner for Top Fed Banking Regulator
WASHINGTON—Michael Barr, a former Treasury Department official, is the White House’s leading candidate to serve as the Federal Reserve’s top...
Elon Musk, Again an Outsider at Twitter, Emerges as Unshackled Wild Card for Company
Elon Musk’s surprise decision not to join Twitter Inc.’s board gives the social-media company less control over its largest shareholder,...
Etsy Sellers Strike as Site Ramps Up to Battle Amazon
A battle over the future of Etsy Inc. is playing out in public this week as some sellers protest higher...
New York Fed: Public Expectations for March 2023 Inflation Hit 6.6% Record
Public expectations for the level of inflation a year from now hit a record in March, according to a survey...
China’s Latest Covid-19 Lockdowns Begin to Drag on the Economy
China’s strict Covid-19 lockdowns in Shanghai and other industrial hubs are beginning to weigh on its economy, with auto sales...
Elon Musk Reverses Decision to Join Twitter’s Board, CEO Says
Elon Musk decided not to join Twitter Inc.’s board of directors, Chief Executive Parag Agrawal said, a dramatic reversal that...
Economy Week Ahead: Inflation, Retail Sales, Consumer Sentiment
Economists expect the consumer-price index for March accelerated further. Source link
Bank Deposits Could Drop for First Time Since World War II
U.S. banks have a streak of increasing deposits as a group every year since at least World War II. This...
Airlines Have Been Staffing Up, Hoping for a Smoother Summer
Facing a summer of packed flights, airlines are striving to avoid the blunders of a year earlier. Carriers say they...
