Baby-Formula Shortage Prompts Rationing at Target, Kroger, Walgreens and CVS
The biggest U.S. retailers are rationing baby formula as a recall by the maker of Similac and other popular brands...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Former Treasury Official Michael Barr Is Frontrunner for Top Fed Banking Regulator
WASHINGTON—Michael Barr, a former Treasury Department official, is the White House’s leading candidate to serve as the Federal Reserve’s top...
Elon Musk, Again an Outsider at Twitter, Emerges as Unshackled Wild Card for Company
Elon Musk’s surprise decision not to join Twitter Inc.’s board gives the social-media company less control over its largest shareholder,...
Etsy Sellers Strike as Site Ramps Up to Battle Amazon
A battle over the future of Etsy Inc. is playing out in public this week as some sellers protest higher...
New York Fed: Public Expectations for March 2023 Inflation Hit 6.6% Record
Public expectations for the level of inflation a year from now hit a record in March, according to a survey...
China’s Latest Covid-19 Lockdowns Begin to Drag on the Economy
China’s strict Covid-19 lockdowns in Shanghai and other industrial hubs are beginning to weigh on its economy, with auto sales...
Elon Musk Reverses Decision to Join Twitter’s Board, CEO Says
Elon Musk decided not to join Twitter Inc.’s board of directors, Chief Executive Parag Agrawal said, a dramatic reversal that...
Economy Week Ahead: Inflation, Retail Sales, Consumer Sentiment
Economists expect the consumer-price index for March accelerated further. Source link
Bank Deposits Could Drop for First Time Since World War II
U.S. banks have a streak of increasing deposits as a group every year since at least World War II. This...
Airlines Have Been Staffing Up, Hoping for a Smoother Summer
Facing a summer of packed flights, airlines are striving to avoid the blunders of a year earlier. Carriers say they...
Warren Buffett’s Protégé Is Building a Mini Berkshire
Tracy Britt Cool spent a decade working for Warren Buffett. She now wants to buy the kinds of companies that...
Nursing Homes Face Growing Number of Lawsuits From Covid-19 Fallout
Two years after the coronavirus ravaged through nursing homes, families of residents who died from Covid-19 are bringing a wave...
AT&T Boss Sees Room to Raise Prices, Cut Costs After Media Exit
AT&T Inc. Chief Executive Officer John Stankey says inflation could prompt the wireless and broadband company to raise prices for...
Spirit to Start Talks With JetBlue Over $3.6 Billion Deal
Spirit Airlines Inc. said it would entertain JetBlue Airways Corp.’s unsolicited $3.6 billion bid to buy the airline and start...
Visa Expects to Make Up Lost Russia Revenue Within a Year
Visa Inc. has lost about 4% of the revenue booked during its most recent fiscal year by pulling out of...
Russia Cuts Interest Rate as Financial System Stabilizes
Russia’s central bank cut its key interest rate following an unscheduled meeting of policy makers Friday, a sign that efforts to...
Interest-Rate Surge Ripples Through Economy, From Homes to Car Loans
The Fed’s moves to chill inflation have driven up bond yields and many other borrowing costs linked to them. So...
Elon Musk Delivers First Teslas Made in Texas, Teases Future Products
AUSTIN, Texas—Tesla Inc. Chief Executive Elon Musk delivered the company’s first made-in-Texas vehicles on Thursday, saying the company was entering...
U.S. Takes First Enforcement Actions Against Alleged Violators of Russia Export Controls
WASHINGTON—The U.S. took its first actions Thursday to enforce sweeping restrictions on the export of technology and industrial goods to...
Frontline and Euronav Merge to Create Tanker Giant in $4.2 Billion Stock Deal
Two of shipping’s biggest names, Norway-based Frontline Ltd. and Belgium’s Euronav NV, have agreed to merge in a move that...
