Uber and Lyft Thought Prices Would Normalize by Now. Here’s Why They Are Still High.
Americans hailing an Uber or a Lyft ride still face elevated prices due to a shortage of drivers—the latest example...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
GameStop’s Chief Operating Officer Departs
GameStop Corp.’s chief operating officer, Jenna Owens, has left the company, less than a year after joining. GameStop didn’t give...
Facebook Joins a Crowded Field In the Race to Build the ‘Metaverse.’ We All Have a Stake in the Outcome.
Tech billionaires are a quirky lot. Some are attempting to build a world imagined in utopian visions of the future,...
MacBook Pro 2021 Review: Nearly Perfect Back-to-the-Future Laptops
Apple’s move of the MacBook Pro from Intel chips to its very own M1 Pro and M1 Max processors wowed...
U.S. Consumer Spending Grew More Slowly in September
Consumer spending rose 0.6% in September, the Commerce Department said Friday, as the Delta variant and supply-chain disruptions weighed on...
Global Chip Shortage ‘Is Far From Over’ as Wait Times Get Longer
Almost a year into a global chip shortage, the problems are increasing for many customers as delays get even longer...
Starbucks’s China Sales Slow With Covid-19 Bout
Starbucks Corp. said its U.S. sales were strong during its most recent quarter, though the pandemic’s resurgence in China dragged...
Facebook to Rebrand Company as Meta in Focus on Metaverse
Facebook Inc. Chief Executive Mark Zuckerberg said the company would change its name to Meta to reflect growth opportunities beyond...
Activision Blizzard Chief Reduces Pay, Pledges Changes Amid Probes Into Company Culture
Bobby Kotick, the longtime chief executive of videogame empire Activision Blizzard Inc., told employees Thursday he will take a pay...
Samsung Posts Record Quarterly Revenue From Chip Boom
SEOUL— Samsung Electronics Co. reported record quarterly revenue and saw net profit grow by 31% on the back of booming...
Democrats Drop Paid Leave From $1.75 Trillion Proposal
WASHINGTON—Democrats abandoned plans to include a paid-leave program in their healthcare, education and climate-change bill, according to people familiar with...
Merck’s Covid-19 Pill Licensed to U.N.-Backed Nonprofit to Increase Global Supplies
Merck & Co. will license a promising Covid-19 drug to a United Nations-backed nonprofit to provide more supplies to low-...
Former Ghosn Aide’s Trial Ends With Declaration of Innocence
TOKYO—Former Nissan Motor Co. executive Greg Kelly took the stand and declared his innocence Wednesday for the last time before...
Corporate Minimum Tax Resurfaces as Democrats Hunt for Money
WASHINGTON—Senate Democrats announced a 15% minimum tax on large companies’ income on Tuesday, winning support from a key moderate lawmaker,...
Microsoft Earnings Jump as Cloud Services Thrive
Microsoft Corp. MSFT 0.64% continued to benefit from the global shift toward remote work as its cloud business boosted its...
Tax Proposals Hit Headwinds as Democrats Try to Finalize Social Spending Deal
WASHINGTON—An 11th-hour push by Democrats to fund their social-spending and climate bill faltered, with a proposed tax on billionaires’ unrealized...
GE’s Profits Rise but Sales Miss Forecasts
General Electric Co. GE 1.20% reported stronger profits as cost cutting offset lower-than-expected sales of its industrial equipment in the...
Are There Enough Strawberries in a Kellogg’s Strawberry Pop-Tart? A Court Might Decide
What’s in a Pop-Tart? Not enough strawberries, according to lawsuits filed against Kellogg Co. , which makes the pantry staple....
Facebook Posts Slower Sales Growth With Apple Privacy Policy
Facebook Inc. blamed Apple Inc.’s AAPL -0.03% privacy rules for posting slower sales growth and warned of further uncertainty for...
Hertz Orders 100,000 Teslas, Part of Plan to Electrify Rental-Car Fleet
Hertz Global Holdings Inc. HTZZ 7.33% said it has ordered 100,000 vehicles from Tesla Inc. TSLA 11.17% to stock its...
