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...
Corporate/Industrial News
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...
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...
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...
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...
Remote Workers Don’t Want to Go Back to the Office
Some of the economy’s most in-demand employees are about to find out how much power they have over where and...
The Biggest Problem With Flying Cars Is on the Ground
The startups and investors that have sent hopes soaring for “flying cars” could be in for a rough landing, in...
Twitter CEO Signals More Change After Hiring Freeze, Cost Cuts
San Francisco-based Twitter has agreed to be acquired by Elon Musk in a $44 billion deal. Photo: amy osborne/Agence France-Presse/Getty...
Baby Formula Shortage Faces Investigation by Lawmakers
WASHINGTON—The House Oversight Committee has launched an investigation into the four major manufacturers of baby formula, including the makers of...
Elon Musk Says Twitter Deal Is on Hold, Sending Shares Lower Premarket
Elon Musk said his deal to buy Twitter Inc. TWTR -2.19% was on hold pending details on the amount of...
Rivian Recalling 502 Electric Trucks Over Potentially Faulty Air-Bag Sensors
Electric-vehicle startup Rivian Automotive Inc. RIVN 17.96% is recalling 502 battery-powered pickup trucks over potentially faulty air bags that could...
Baby Formula Shortage Could Last Months
Baby-formula manufacturers and retailers say they are working to address a long-running shortage in products on store shelves, but the...
Hot Job Market, Strong Demand for CFOs Strain Due Diligence
The sudden exit of Moderna Inc.’s newly hired chief financial officer shines a light on the challenges companies and recruiters...
Disney Reports Jump in Disney+ Subscribers in Latest Quarter
Walt Disney Co. DIS -2.29% reported better-than-expected subscription numbers for its Disney+ streaming service in the most recent quarter, avoiding...
Rivian CEO Says Chip-Shortage Problems to Ease This Year
Electric-vehicle startup Rivian Automotive Inc. RIVN -9.61% maintained its production forecast for 2022, with executives saying the supply-chain problems that...
