Appliance Business Cast Off by GE Thrives Under Chinese Ownership
LOUISVILLE, Ky.—When General Electric Co. agreed to sell its appliance unit to a Chinese manufacturer in 2016, the future wasn’t...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Cyber Monday Sales Flat as Smaller Savings Curb Incentive to Spend
U.S. online sales were flat throughout Cyber Monday as smaller discounts gave shoppers less incentive to spend, but analysts say...
New Omicron Variant Exacerbates Inflation Uncertainty, Powell Says
The Fed chairman says the Covid-19 variant could intensify supply-chain disruptions and slow progress in the labor market. Source link
Workers Quit Jobs in Droves to Become Their Own Bosses
The pandemic has unleashed a historic burst in entrepreneurship and self-employment. Hundreds of thousands of Americans are striking out on...
Inside Intel’s Secret Warehouse in Costa Rica
A few years ago, executives at Intel Corp. began to realize they had a problem. The company was making dozens...
Omicron Variant Is Reported in More Countries as Officials Grapple With How to Respond
Countries around the world reported their first cases of the Omicron variant over the weekend and some imposed new travel...
Fashion Designer Virgil Abloh Dies of Cancer at Age 41
PARIS—Virgil Abloh, the U.S. designer who championed streetwear and hip-hop culture in luxury fashion as one of the industry’s most...
Eurozone Inflation Likely Hit Record High in November
Consumer-price inflation in the eurozone likely hit a record high in November, but many economists think that might mark a...
Private Flying Takes Off, Boosting Demand for Business Jets
A boom in private flying is helping revive business-jet sales, but it is also challenging charter operators who are scrambling...
Planning a Wedding for 2022 May Be Harder Than Finding Your Soul Mate
Couples still high on the euphoria of a new wedding engagement had better prepare themselves for a cold reality: Right...
Macau Police Question Junket Boss Over Alleged Illegal Gambling Syndicate
HONG KONG—The chairman of Macau’s largest junket operator was questioned by police in the gambling hub after authorities in mainland...
Advertisers Adjust Holiday Messages to Covid-19, Supply-Chain Challenges
Companies are rethinking their advertising strategies this holiday season as multiple problems, from supply-chain constraints to continued worries about Covid-19,...
New Covid-19 Travel Restrictions Rattle Global Airline Industry, Hit Shares
The U.S. said it would restrict travel from South Africa and seven other countries in southern Africa starting Monday, joining...
Black Friday Shopping Is Back, but the Doorbusters Aren’t
The Covid-19 pandemic didn’t just change consumer habits. It also prompted retailers to rethink Black Friday, one of the biggest...
Centrist Senate Democrats Signal Opposition to Biden Banking Nominee
WASHINGTON—A group of Senate Democrats have privately voiced their opposition to President Biden’s nomination of Saule Omarova to become a...
Do We Need More Heroes? Disney Hopes So.
Many media and tech giants hope to carve out a place in streaming. Disney ’s strategy is to bet you...
U.S. Travel Hit Pandemic High Ahead of Thanksgiving Holiday
Flights have been packed but relatively painless during the week of Thanksgiving, the first major test since airlines took steps...
Uber CFO Focuses on Revenue Growth After Hitting Profitability Milestone
Uber Technologies Inc.’s finance chief said the ride-sharing and delivery company is focused on boosting its revenue and income after...
Bikes, Bourbon and Other Items Supply-Chain Woes Have Made Scarcer
Makers of popular products world-wide are coping with shortages from shipping delays and other logistics hurdles. Source link
The Great British Pub Has a Pandemic Hangover. For Some, It’s Last Call.
LIVERPOOL, England—Conor Foley’s pub, Kelly’s Dispensary, offers a bar-stool view of forces roiling the global economy. Having finally reopened after...
