Spirit Airlines Board Urges Shareholders to Reject JetBlue Offer
Spirit’s board said the unsolicited offer from JetBlue isn’t in the carrier’s best interest. Photo: Joe Raedle/Getty Images Updated May...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Elon Musk’s Pursuit of Twitter Leads to Complicated Next Steps and Legal Questions
In the classic hostile takeover, an aggressive acquirer pursues a reluctant quarry.But Elon Musk’s bid for Twitter Inc. appears headed...
Melvin Capital to Close Funds, Return Cash to Investors
Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a...
Tencent Posts Steepest Profit Decline Since Going Public
Tencent Holdings Ltd. TCEHY -6.29% posted its worst quarterly profit drop since listing in Hong Kong in 2004, with its...
U.K. Inflation Hits 40-Year High, Putting Government on Defensive
LONDON—The U.K.’s annual rate of inflation jumped to a forty-year-high in April, the highest level recorded by an industrialized nation...
WSJ News Exclusive | Powell Says Fed Has Resolve to Bring U.S. Inflation Down
Federal Reserve Chairman Jerome Powell said the central bank’s resolve in combating the highest inflation in 40 years shouldn’t be...
Steve Wynn Sued by Justice Department
WASHINGTON—The Justice Department sued casino mogul Steve Wynn Tuesday to force him to register as a lobbyist in connection with...
WSJ News Exclusive | China Eastern Black Box Points to Intentional Nosedive
Flight data indicates someone in the cockpit intentionally crashed a China Eastern jet earlier this year, according to people familiar...
Walmart Earnings Are Dented by Higher Costs
Walmart said inflation created more pressure than it had expected on margins. A Walmart store in Pico Rivera, Calif. Photo:...
Judge Strikes Down California Law Mandating Women on Boards
A state judge struck down a California law requiring companies in the state put female directors on their boards, the...
FDA Eases Baby-Formula Import Rules to Boost Supplies
U.S. health regulators took steps to allow more foreign baby formula on American shelves, easing rules that had effectively prevented...
For Tech Startups, the Party Is Over
A dizzying turn in technology-startup investing is undoing the fortunes of founders and investors riding a 13-year bull run.Highflying startups...
EU Sees Economic Contraction if Russian Gas Supplies Are Halted
The European Union’s economy would likely contract during the remainder of this year if supplies of natural gas from Russia...
Jeff Bezos Criticizes Joe Biden in Twitter Spat Over Inflation
Amazon.com Inc. founder Jeff Bezos criticized the Biden administration in two tweets over the weekend for tying the corporate tax...
Economy Week Ahead: U.S. Consumers, Housing Market in Focus
U.S. existing-home sales data for April are expected to show a third straight month of declines. Photo: jim lo scalzo/EPA/Shutterstock...
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the oil giant benefits from surging oil prices following Russia’s...
Behind Fake-Account Issue That Elon Musk Cited in Pausing Twitter Deal
Elon Musk’s tweet saying his planned Twitter Inc. acquisition was on hold put the spotlight on questions about fake accounts,...
Ford Unloads Further 7 Million Shares of Electric-Vehicle Startup Rivian
Ford Motor Co. F 8.52% said it unloaded more shares of Rivian RIVN 9.88% Automotive Inc., further pressuring the electric-truck...
Used-Car Buyers Are Seeing Relief on Once-Soaring Prices
Rising used-car prices, which have been a big contributor to inflation over the past year, are starting to ease with...
Why It’s So Hard to Keep Russian Diamonds and Gold Out of the U.S. Despite Sanctions
Russian gold and diamonds could still be sold in the U.S. despite being sanctioned, lawmakers and industry participants say, unless...
