GM Reveals Hit From Chip Shortage, Rising Costs
General Motors Co. posted strong second-quarter earnings and raised its full-year profit guidance but said the lingering computer-chip shortage and...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Facebook Cuts Off Access for NYU Research Into Political-Ad Targeting
Facebook Inc. cut off a New York University research project’s accounts and access to the platform, effectively shutting down a...
Casino Owner Vici Properties to Buy MGM Growth Properties
Real-estate investment trust Vici Properties Inc. agreed to buy MGM Growth Properties LLC in a deal that values the casino...
Boeing’s Starliner Flight Was Postponed. What Happens Now?
When Boeing Co. will attempt to launch its Starliner space taxi to the International Space Station remains unclear after its...
Tencent Sinks After China Denounces Online Gaming
Shares of Tencent Holdings Ltd. and rivals fell Tuesday after a state-owned Chinese newspaper criticized online gaming as “opium for...
Activision Replaces Blizzard Head J. Allen Brack as It Faces Gender-Bias Lawsuit
Activision Blizzard Inc. said an executive named in a gender-bias lawsuit filed by California regulators is leaving the videogame publisher....
Alibaba Posts Lower Profit as Chinese Tech Giant Boosts Spending
Alibaba Group Holding Ltd. reported an increase in revenue in the latest quarter, but profits fell as the e-commerce behemoth...
Cable, Internet Companies Stand to Gain From Broadband Funding in Infrastructure Bill
WASHINGTON—The $1 trillion infrastructure bill moving through the Senate this week stands to be a windfall for cable and fiber-optic...
Masks Are Back On at Home Depot, McDonald’s and Target
The masks are back. On Monday, Home Depot Corp. , McDonald’s Corp , Target Corp. and Facebook Inc. said they...
Debt Ceiling Deadline: What It Means and How Congress Can Act
WASHINGTON—The clock is ticking for Congress to reach a deal to raise the federal borrowing limit, or debt ceiling, before...
Progressives Raise Heat on Nancy Pelosi Over Eviction Moratorium
WASHINGTON—House Speaker Nancy Pelosi (D., Calif.) is facing an uprising from the progressive wing of the Democratic caucus, which is...
Fed Chairman Powell’s Approach to Regulation Has Drawn Criticism From Some Democrats
President Biden’s looming decision about who should be the next Federal Reserve chairman is prompting reviews of the current chief’s...
Tech Startup Financing Hits Records as Giant Funds Dwarf Venture Capitalists
Big money-management firms expanded their dominance in Silicon Valley last quarter, crowding out venture capitalists in a once-niche business and...
Succession Drama Grips Scholastic: CEO’s Sudden Death, an Office Romance and a Surprise Will
The longtime head of Scholastic Corp., M. Richard Robinson Jr., died suddenly in June on a walk in Martha’s Vineyard....
How to Make Friends While Working from Home? Ask These Office Newbies.
Jacob Ma wasn’t going to let the fact that his new job kept him at home all day stop him...
Behind the Rise of U.S. Solar Power, a Mountain of Chinese Coal
Solar panel installations are surging in the U.S. and Europe as Western countries seek to cut their reliance on fossil...
Towns Trying to Ban Natural Gas Face Resistance in Their Push for All-Electric Homes
Massachusetts is emerging as a key battleground in the U.S. fight over whether to phase out natural gas for home...
Is a Four-Day Week the Future of Work?
Kickstarter Chief Executive Aziz Hasan had to embrace remote work during the initial stage of the pandemic. Now this boss...
Fed’s Brainard Says Labor Market Hasn’t Satisfied Goals for Reducing Bond Purchases
The U.S. labor market hasn’t achieved enough progress to justify a pullback in the Federal Reserve’s stimulus program but is...
Procter & Gamble Warns of Higher Costs and Slower Sales
Procter & Gamble Co. gave a somber outlook for the year ahead, predicting slower sales and historically high costs for...
