China’s Videogame Makers Tap Overseas Markets as Home Prospects Dim
Chinese videogame companies are moving rapidly into the U.S. and other overseas markets as regulations at home tighten and user...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
U.S. Companies on Pace to Bring Home Record Number of Overseas Jobs
U.S. companies are bringing workforces and supply chains home at a historic pace.American companies are on pace to reshore, or...
Twitter Warns Staff of Potential Cuts to Employee Bonuses
Twitter Inc. TWTR 0.30% warned staff that the size of bonus payments this year was at risk because of financial...
WSJ News Exclusive | Regal Owner Cineworld Nears Bankruptcy as Theater Comeback Lags
Cineworld Group PLC, the owner of Regal Cinemas, is preparing to file for bankruptcy within weeks after struggling to rebuild...
Wayfair to Lay Off About 870 Workers
Wayfair Inc. W -18.43% said it would lay off about 870 employees as part of efforts to manage operating costs...
WSJ News Exclusive | Roblox Poaches Seasoned Meta Executive as It Chases Growth in Asia
HONG KONG— Roblox Corp. RBLX -2.19% has poached a Meta Platforms Inc. executive for the newly created role of Asia-Pacific...
Meme Lord Ryan Cohen Unloads Bed Bath & Beyond Bet, Sending Shares Spiraling
Billionaire investor Ryan Cohen cashed out his entire position in Bed Bath & Beyond Inc. BBBY -19.63% this week, capping...
Fed’s Bullard Leans Toward Favoring 0.75-Percentage-Point September Rate Rise
Federal Reserve Bank of St. Louis President James Bullard said Thursday he is considering support for another large rate rise...
Wall Street Bets the Fed Is Bluffing in High-Stakes Inflation Game
Wall Street thinks it’s bluffing.This could spell trouble for both of them. Markets pummeled by the Fed’s rate increases in...
U.S. Home-Sales Report for July Comes as Housing Market Cools
The National Association of Realtors’ July report on existing-home sales will cap a week of figures that so far have...
Target’s Profit Sinks as Retailer Unloads Unwanted Inventory
A glut of inventory sank profit at Target Corp. further than it expected, sparking investor concerns about the company’s response...
Fed Officials See Need for Continued Interest-Rate Increases, but Less Certainty Over Destination
Federal Reserve officials agreed at their monetary-policy meeting last month they needed to keep raising interest rates enough to lower...
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...
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...
