GM Again Lifts Its Profit Outlook, Plans More Cost Cuts
The automaker says buyers are willing to pay for pricier models and features. Source link
Earnings
Chevron Waives Retirement Age for CEO Mike Wirth
The oil giant reported higher-than-expected profit in the second quarter. Source link
Chinese Consumers Pinch Pennies on Staples as Pandemic Habits Linger
The average selling prices of toothbrushes, infant formula and makeup are declining as businesses adapt to circumstances. Source link
Google, McDonald’s, Exxon Headline Busy Earnings Week
A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms. Source link
High Rates, Low Supply Hinder Home Buying This Summer
Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to...
TSMC Delays Start of First Arizona Chip Factory, Citing Worker Shortage
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Tesla Profit Jumps 20% as Price Cuts Help Lift Deliveries
The EV maker sought to boost demand with less expensive offerings, but Chief Executive Elon Musk cautions more reductions may...
Netflix Password-Sharing Crackdown Delivers Jolt of New Subscriber Growth
The streaming giant says the Hollywood strikes will lead to less content spending and increased free cash flow this year....
Lockheed Martin Projects Higher Sales as War Boosts Orders
The defense giant raised its sales guidance as the war in Ukraine is driving orders for missiles. Source link
Restricting Chip Sales to China Could Backfire on U.S., Industry Group Says
The potential limits threaten to undermine new government investments in chip-making in the U.S., the Semiconductor Industry Association warns. Source...
Lina Khan Is Taking on the World’s Biggest Tech Companies—and Losing
The FTC chair’s court loss against Microsoft, which the agency is appealing, marks another setback in her fight to block...
Shein Takes on Amazon in the Business of Selling Everything
Updated July 8, 2023 12:02 am ETListen to article(2 minutes)In just a few years, Shein has rapidly expanded from a...
Auto Sales Defy Gloomy Forecasts
The U.S. auto industry is expected to have notched a 12%-to-14% rise in new vehicle sales for the first half...
Tesla Deliveries to Show Whether Price Cuts Are Paying Off
The electric-car maker is expected to release second-quarter global deliveries amid stiffening EV competition. Source link
General Mills Posts Underwhelming Sales as Retailers Tighten Inventories
The maker of Cheerios and Bisquick pancake mix said its top line rose 3%, boosted by higher prices. Source link
Walgreens Lowers Financial Outlook Amid Weaker Retail Consumer Spending
The drugstore chain says it will step up cost-cutting measures and boost the long-term profitability of its healthcare business. Source...
WSJ News Exclusive | Janet Yellen Sees Bank Earnings Pressure, Mergers After March Crisis
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SoftBank’s Masayoshi Son Had His Cry. Now He’s in Love Again—With ChatGPT.
The CEO said he is devoting himself to artificial intelligence and new inventions after what he described as a tear-filled...
At 3M, Lawsuits Threaten to Transform the Company
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Stitch Fix Taps Former Macy’s, Walmart Exec as CEO
Matt Baer will lead the fashion company as it cuts costs, alters operations. Source link
