GM Scales Back EV Plans as Buyers Hesitate
Updated Oct. 24, 2023 12:28 pm ETGeneral Motors is abandoning a self-imposed target to build 400,000 electric vehicles by mid-2024,...
Earnings
Chevron to Buy Hess for $53 Billion
Updated Oct. 23, 2023 10:12 am ETChevron said it would buy Hess in an all-stock deal worth $53 billion, the...
Apple’s Tim Cook Makes Surprise China Visit as iPhone Sales Slump
Updated Oct. 20, 2023 12:00 am ETApple Chief Executive Tim Cook is crisscrossing China, one of the company’s largest markets,...
New Playground, New Court, New Classroom? Thank Ozempic.
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U.S., in Chip War With China, Extends Some Allowances for Asian Allies
Chip makers Samsung, SK Hynix and TSMC can maintain their operations in China for the foreseeable future, but significant tech...
Pharmacy Giant Walgreens Names Tim Wentworth as New CEO
The incoming chief executive faces a tough challenge, with a core business under pressure due to pharmacy-benefit managers such as...
Sales Slow at Louis Vuitton’s Owner as China Sputters
LVMH Moët Hennessy Louis Vuitton, the world’s biggest luxury-goods company, struggled to lure big-spending Chinese consumers back to its boutiques...
Why Nelson Peltz Grew Impatient With Disney’s Turnaround Efforts
The activist adds shares, while the company plans changes to ESPN, Hulu and its streaming business. Source link
New This Holiday Season: Discounts on Shipping Packages
UPS and FedEx have loosened pricing as the carriers anticipate a weak peak. Source link
Modelo Continues to Win Over Bud Light Drinkers
Constellation Brands CEO says the Mexican beer brand has more room for growth. Source link
How China’s BYD Became Tesla’s Biggest Threat
Once a maker of cellphone batteries, the company is in the running to become the world’s No. 1 seller of...
U.S. Car Sales Expected to Increase Again in the Third Quarter
The car market has yet to see an impact from UAW strike-related factory shutdowns. Source link
For Tesla’s Cybertruck, Another Sales Launch Date Comes and Goes
The EV maker, known for ambitious goals, is betting customers will stick around for the long-awaited electric pickup. Source link
iPhone 15 Pro Owners Complain About Overheating Problems
The issue threatens Apple’s premium phones, a cash cow essential to its growth and profits. Source link
UAW Expands Strike to GM Plant in Michigan, Ford Factory in Chicago
Union President Shawn Fain cited a lack of progress at the bargaining table as walkouts enter their third week. Source...
Rupert Murdoch to Step Down as Chair of Fox and News Corp After Seven-Decade Career
Murdoch will exit roles atop News Corp and Fox in November and will be appointed chairman emeritus. Source link
Disney to Invest $60 Billion in Theme Parks, Cruises Over Next Decade
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Talks Resume in Detroit Amid Threat of Expanding Strike
Wages remain focal point, and investors already are sizing up the potential hits to the automakers’ bottom lines. Source link
Clorox Warns of Product Shortages Following Cyberattack
The bleach and cleaning-wipe maker said that it believes the cyberattack is now contained but that it will cause a...
American Airlines Cuts Profit Outlook as Pilots’ Contract Weighs on Bottom Line
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