Economy Week Ahead: Housing Market and Consumer Spending in Focus
Tuesday The Commerce Department releases August figures on new orders, shipments, unfilled orders and inventories of products meant to last...
Durable Household Products
Samsung Leader Jay Y. Lee Receives Presidential Pardon for Bribery Conviction
SEOUL— Samsung’s de facto leader, Lee Jae-yong, will receive a pardon on Monday, South Korea’s presidential office said, a legal...
Videogame Companies Face Slowdown as People Spend Less on Gaming
The videogame industry is seeing a sharp slowdown in growth as people are going out again after a pandemic-fueled spurt...
Samsung Floats Nearly $200 Billion Spend on New Texas Chip Plants in Next Decades
SEOUL— Samsung Electronics Co. has floated the prospect of investing nearly $200 billion for 11 new chip-making plants in Texas...
Samsung Unveils New Galaxy S22 Smartphones and Keeps Old Prices
SEOUL—The world’s largest smartphone maker is answering a year of rising inflation and increasing component costs with a tactical move:...
Netflix Plunge Deepens Nasdaq’s Correction
Plunging shares of Netflix Inc. NFLX -21.79% and other streamers dragged the Nasdaq Composite Index deeper into correction territory Friday,...
Intel to Invest at Least $20 Billion in Ohio Chip-Making Facility
Intel Corp. INTC -2.95% plans to invest at least $20 billion in new chip-making capacity in Ohio, according to a...
Roku Shares Rise on Deal That Restores YouTube TV App
Roku shares more than doubled in 2020 as the Covid-19 pandemic kept people home and led to increased use of...
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...
Samsung Picks Texas for $17 Billion Chip-Making Factory
AUSTIN, Texas— Samsung Electronics Co. said Tuesday that it plans to invest roughly $17 billion in a semiconductor-making facility in...
Samsung to Choose Taylor, Texas, for $17 Billion Chip-Making Factory
Samsung Electronics Co. plans to build a roughly $17 billion chip-making plant in Taylor, Texas, according to people familiar with...
Roku Shares Fall 8% After Hours on Slower Account Growth
Roku Inc. reported a slowdown in new active accounts for its streaming services in the latest quarter and guided for...
Samsung Posts Record Quarterly Revenue From Chip Boom
SEOUL— Samsung Electronics Co. reported record quarterly revenue and saw net profit grow by 31% on the back of booming...
Some People Shy Away From Restaurants as Delta Variant Spreads
Some consumers are rethinking their return to dining out, according to executives and industry data, a shift that threatens the...
Jay Y. Lee, Samsung’s De Facto Leader, Wins Parole From Prison
SEOUL— Samsung ’s de facto leader, Lee Jae-yong, will be released from prison on parole later this week, though it...
Roku Pays to Be a Player
Investors got a painful reminder Wednesday that Roku is still in the hardware business. It has been easy to forget....
Samsung Profit Rises 73% as Memory-Chip Demand Surges
SEOUL— Samsung Electronics Co. offset relative weakness in smartphone shipments by capitalizing on another quarter of roaring demand for its...
Samsung Electronics Expects 53% Increase in Operating Profit
SEOUL— Samsung Electronics Co. expects a 53% rise in operating profit for the second quarter, lifted by strong demand for...
