WSJ News Exclusive | JPMorgan, PNC Submit Bids to Buy First Republic in Government-Led Sale
A winning bidder could be announced later Sunday, according to people familiar with the matter. Source link
Corporate/Industrial News
Hollywood Braces for Potential Writers’ Strike Spurred by Shift to Streaming
Fans of late-night TV could be the first to feel the effects of what would be the second walkout in...
GM’s Chevy Bolt Heads to Scrapyard With Mixed Legacy
General Motors Co. rolled out its Chevrolet Bolt electric vehicle in 2016 to nab a foothold in the nascent EV...
Republicans Effectively Voted to Raise Taxes. They’re Fine With That.
House Republicans advanced a repeal of clean-energy tax credits without offsetting tax cuts—even though most have signed a no-tax-hike pledge....
Big Tech Earnings Spark Hope That Worst Is Over
Shares rise on better-than-expected results, but growth lags behind what Microsoft, Amazon and Google did in the past. Source link
Kevin Durant Signs Lifetime Contract With Nike
The Phoenix Suns star is the third NBA player to land the rare deal, behind Michael Jordan and LeBron James....
Fed Says It Failed to Act on Problems That Led to Silicon Valley Bank Collapse
Michael Barr, the Fed’s vice chair for supervision, said supervisors didn’t fully appreciate the extent of the vulnerabilities as SVB...
In China, a Detention and a New Espionage Law Have Businesses Worried
Foreign companies are growing more concerned about the safety of their staffs and the reliability of Beijing’s pledges that China...
Gap to Conduct Layoffs, Cutting 1,800 Corporate Jobs
The cuts, which are expected to result in $300 million in annualized savings, are happening mainly at the retailer’s San...
Caterpillar Lifts Sales With Higher Prices as Demand Holds Strong
The construction-equipment maker said sales volumes rose in the first three months of the year, though services sales volumes fell....
Airlines Get Ready for Busy Summer as Travel Ramps Up
American and Southwest project a busy travel season after a winter slowdown. Southwest plans to reduce some flights this year...
Facebook Parent Meta Platforms Sees First Sales Increase in Nearly a Year
The company reported revenue of $28.6 billion, up 3% from a year prior, as it continues to improve after the...
Republicans Advance Debt-Ceiling Bill Aiming to Spark Talks With Biden
Party leaders say a final vote could come later Wednesday on legislation making deep spending cuts. Source link
So Many Ways to Communicate at Work, So Many Ways to Misfire
Workplaces have become saturated with ways to talk, often breeding mistakes and misunderstandings. Source link
Tucker Carlson’s Vulgar, Offensive Messages About Colleagues Helped Seal His Fate at Fox News
The prime-time host called a senior executive the c-word in a redacted missive, and the network grew wary of further...
Microsoft Revenue Growth Stays Low as Economic Concerns Hurt Demand
The software giant’s cloud-computing business has decelerated as companies become more cautious. Source link
GM Raises 2023 Profit Outlook, Kills Off Chevy Bolt EV
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3M to Cut 6,000 Jobs in Second Round of Layoffs This Year
The company also reported lower income and sales for the first quarter. Source link
Fox News Ousts Tucker Carlson
Fox took issue with prime-time host’s private remarks that were derogatory toward network employees. Source link
How Bud Light Handled an Uproar Over a Promotion With a Transgender Advocate
Two executives have been put on leave, and sales of the No. 1 U.S. beer have declined in recent weeks....
