Fed Minutes Show Urgency for Raising Rates to Tame High Inflation
Minutes from the Fed’s May 3-4 meeting, released Wednesday, also showed officials discussed the possibility they would raise interest rates...
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China’s Covid-19 Lockdowns Hurt Sales of Starbucks Coffee, Adidas Sneakers
China’s strict Covid-19 lockdowns are hurting consumer spending for everything from coffee to sneakers and hotels, weighing on multinationals with...
Wendy’s Largest Shareholder Trian Explores Burger-Chain Deal
Trian Fund Management LP, Wendy’s Co. WEN -2.34% ’s largest shareholder, said it is exploring an acquisition or another potential...
Lyft to Pause Some Hiring and Trim Budgets, Citing Economic Slowdown
President John Zimmer announced the measures to staff Tuesday. Source link
Glencore Settles Corruption and Bribery Charges in U.S., U.K., Brazil
Glencore GLNCY 2.01% PLC said Tuesday it would pay at least $1.2 billion and two business units would plead guilty...
Best Buy’s Sales Cool, and It Warns of a Rough Year Ahead
Best Buy expects higher supply-chain expenses to be worse than previously predicted this fiscal year.. Photo: Joe Raedle/Getty Images Electronics...
Snap Issues Profit Warning on Economic Conditions Including Inflation
Snap Inc. SNAP -3.40% issued a profit warning Monday and said it planned to slow hiring and spending, adding to...
Airbnb to Quit China Business as Harsh Lockdowns, Competition Weigh on Demand
Airbnb Inc. ABNB 0.65% plans to close its domestic business in China after harsh Covid-19 lockdowns compounded the pain from...
Starbucks to Exit From Russia
Starbucks Corp. SBUX 0.28% is closing down its business in Russia, as the invasion of Ukraine puts an end to...
Biden Says U.S. Would Intervene Militarily if China Invaded Taiwan
TOKYO—President Biden said the U.S. would respond militarily to defend Taiwan if China tries to take it by force, sparking...
WSJ News Exclusive | Broadcom in Advanced Talks to Buy VMware
Broadcom is in advanced talks to buy VMware according to people familiar with the matter, setting the stage for what...
Saudi Sovereign-Wealth Fund Buys Stake in Royal’s Investment Firm
Saudi Arabia’s sovereign-wealth fund bought a stake Sunday in a firm owned by billionaire Prince al-Waleed bin Talal, further intertwining...
Buffalo Shooting Tests Internet Antiterrorism Accord
WELLINGTON, New Zealand—The live-streaming of a shooting rampage at a supermarket in Buffalo, N.Y., demonstrated the strengths and limitations of...
Rising Risk of Recession Creates New Headache for Biden
The Federal Reserve’s efforts to slow inflation are raising the possibility of higher unemployment, a slower-growing economy and a recession,...
WSJ News Exclusive | Apple Looks to Boost Production Outside China
TOKYO— Apple Inc. AAPL 0.17% has told some of its contract manufacturers that it wants to boost production outside China,...
The Market Is Melting Down and People Are Feeling It. ‘My Stomach Is Churning All Day’
The last time Todd Jones heard this kind of panic in his clients’ voices, it was 2008 and the global...
Elon Musk Eyes Satellite Deal in Brazilian Amazon
SÃO PAULO—Elon Musk, the world’s richest person, flew to Brazil on Friday to announce a plan to connect thousands of...
Boeing’s Starliner Successfully Docks With Space Station
The Boeing Starliner preparing to dock at the International Space Station on Friday. Photo: NASA/Associated Press Boeing Co. BA -5.07%...
Elon Musk’s Planned Twitter Takeover Creates a ‘Chaos Tax’ for Employees
It is a tricky time to work at Twitter. Far beyond the usual uncertainty at an acquisition target, Mr. Musk’s...
Prosecution Rests in Trial of Former Theranos President Ramesh ‘Sunny’ Balwani
Prosecutors on Friday rested their case against Ramesh “Sunny” Balwani—the top deputy and confidant to Theranos Inc. founder Elizabeth Holmes...
