WSJ News Exclusive | Several Million U.S. Workers Seen Staying Out of Labor Force Indefinitely
Several million workers who dropped out of the U.S. workforce during the Covid-19 pandemic plan to stay out indefinitely because...
Corporate/Industrial News
Tesla and Other Auto Makers Move to Restart Plants in Shanghai
Auto makers including Tesla Inc. and SAIC Motor Corp. are aiming to resume production next week in Shanghai, people familiar...
The Pandemic Was Supposed to Push All Shopping Online. It Didn’t.
When millions of locked-down Americans went online during the Covid-19 pandemic, it looked like the possible start of a permanent...
First Criminal Trials Over Wage-Fixing, Hiring Practices End in Loss for Justice Department
Juries in Texas and Colorado this week turned back the Justice Department’s efforts to prosecute corporate defendants accused of colluding...
Biden Administration Resumes Oil Leases on Federal Land
WASHINGTON—The Biden administration announced lease sales for oil and gas drilling on federal land Friday, but said it would sharply...
Elon Musk Contends Censorship, Not Abuse, Is Twitter’s Problem
Twitter Inc. executives spent years trying to promote what they called healthier discourse on the platform, adding content moderation largely...
David Zaslav Wants to Distinguish CNN From ‘Advocacy Networks’
Warner Bros. Discovery Inc. Chief Executive David Zaslav told employees that he wants CNN to focus on maximizing its impact,...
Elon Musk Makes $43 Billion Bid for Twitter, Says ‘Civilization’ At Stake
Elon Musk went full-on corporate raider a week into his rolling clash with Twitter Inc., offering a $43 billion bid...
Peloton to Cut Price of Bikes, Raise Subscription Fees
Peloton Interactive Inc. will cut prices of its stationary bikes and treadmills and raise monthly subscriptions for online workout classes....
High Gasoline Prices Take Up Big Share of March Retail Spending Increase
U.S. retail sales grew modestly by 0.5% in March as consumers kept spending amid rising gasoline and food prices. Source...
Stellantis Shareholders Reject Executive Pay Packages, Including for CEO
PARIS— Stellantis NV shareholders took the unusual step Wednesday of rejecting the Jeep maker’s pay plan for top executives, including...
Trucking Boom Is Hitting the Brakes as Freight Demand Slows
The strong freight demand that has delivered bumper earnings for trucking companies during the pandemic appears to be waning, as...
Supplier Prices Rose Sharply in March, Keeping Upward Pressure on U.S. Inflation
Suppliers raised prices sharply last month, a sign inflation continues to percolate through the U.S. economy. The Labor Department on...
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...
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...
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...
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...
