BUSINESS News

Breaking Business News/Latest Business Updates/World Business News Update

Individual Income Tax Payments on Pace to Reach Record Level

HS 05/06/2022

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

HS 05/06/2022

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

HS 04/06/2022

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

HS 04/06/2022

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

HS 04/06/2022

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

HS 04/06/2022

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

HS 03/06/2022

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

HS 03/06/2022

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

HS 03/06/2022

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

HS 02/06/2022

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

HS 02/06/2022

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

HS 02/06/2022

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

HS 02/06/2022

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

HS 01/06/2022

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

HS 01/06/2022

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

HS 01/06/2022

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...