Rivian Cranked Up Production in Second Quarter at Illinois Factory
Rivian RIVN 10.42% Automotive Inc. said it produced 4,401 vehicles in the second quarter, the latest in the electric-vehicle maker’s...
Earnings
Ford’s U.S. Sales Increase 32% in June, Outpacing Broader Industry
Ford Motor reported a nearly 32% increase in U.S. sales in June, beating out much of the industry as it...
Exxon Says Quarterly Profit Could Hit $18 Billion
Exxon Mobil Corp. is forecasting banner second-quarter earnings that could come in as high as about $18 billion, largely on...
Kohl’s Ends Talks of Its Sale to Vitamin Shoppe Owner Franchise Group
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Micron Issues Muted Sales Forecast On Demand Weakness
Memory-chip maker Micron Technology issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings...
Walgreens Shifts Into Recession Mode as Covid Boom Fades
Walgreens Boots Alliance Inc. is bracing for a recession and life after Covid. The second-biggest U.S. drugstore chain by stores...
FedEx’s New Boss Faces Strategic Choice as Package Volumes Fall
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Bed Bath & Beyond CEO Mark Tritton Exits as Sales Plunge
When Mark Tritton took the helm of Bed Bath & Beyond in 2019, he moved quickly to overhaul the home-goods...
Pinterest CEO Is Stepping Down, Google Commerce Executive to Take Top Job
Pinterest longtime chief executive is stepping down and a Google commerce executive is taking over the top job, the social-media...
Big-Ticket Goods Orders, Pending Home Sales Point to Steady Demand
Orders for long-lasting goods and the number of houses going under contract in the U.S. both rose last month, signs...
Consumer Sentiment at Record Low Is Another Ominous Sign for Economy
Consumer sentiment fell to its lowest point on record, reflecting that elevated inflation is weighing on Americans’ moods and adding...
Covid Fallout Flattens JD.com’s Online Birthday Bash
SINGAPORE—Chinese online shopping giant JD.com midyear e-commerce extravaganza recorded the slowest sales growth in at least five years, in the...
Tesla Raises Prices Amid Surging Costs
Tesla Inc. TSLA -8.54% has raised the prices on some of its cars by as much as $6,000, as the...
Ferrari to Debut SUV-Like Model in September
MILAN— Ferrari RACE 0.03% NV said a new larger, taller model similar to a sport-utility vehicle will be unveiled this...
U.S. Retail Sales Declined in May as Inflation Stings Consumers
Americans’ retail spending declined in May, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates.Retail...
Target Warns of Weaker Profit as it Faces Overstuffed Stores, Inflation-Weary Shoppers
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Amazon to Close Kindle Bookstore in China
HONG KONG— Amazon. AMZN 1.23% com Inc. is closing its Kindle digital bookstore in China and has halted sales of...
Unilever to Add Activist Investor Nelson Peltz to Board
Unilever UL 9.94% PLC said it would add Nelson Peltz to its board and disclosed his fund now holds a...
Silicon Valley Investors Give Startups Survival Advice for Downturn
After years of funneling cash into startups’ grand ambitions, Silicon Valley investors are engaging in the grim ritual of delivering...
Big Lots, Hibbett Become Latest Retailers to Show Inflation Pain
Big-box chain Big Lots Inc. BIG -11.15% and sporting-goods retailer Hibbett Inc. HIBB 1.96% both posted double-digit sales declines Friday,...
