WSJ News Exclusive | Best Buy Cuts Store Jobs to Help Boost Profits
Best Buy Co. BBY -0.15% is cutting store jobs across the country, as the electronics and appliance retailer works to...
Earnings
Disney+ Price Increase Shows Limits of Subscriber-Growth Push
The growth-at-all-costs phase of the streaming wars is over; now, profits are the priority.Faced with slowing subscriber growth in their...
Rivian’s Losses Nearly Triple to $1.7 Billion
Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle...
Cardinal Health CEO Steps Down
Cardinal Health Inc. CAH 5.26% Chief Executive Officer Mike Kaufmann is stepping down from the healthcare products distributor as it...
Foxconn Predicts Better Year Ahead but Flags Slowing Smartphone Demand
Foxconn Technology Group, the world’s biggest iPhone assembler, said demand for smartphones and other consumer electronics is slowing, leading it...
Elon Musk Sells Nearly $7 Billion Worth of Tesla Stock Amid Twitter Uncertainty
Elon Musk sold nearly $7 billion worth of Tesla Inc. TSLA -2.44% stock in recent days, regulatory disclosures show, amid...
BuzzFeed Expects Recession Fears to Pressure Advertising
BuzzFeed Inc. posted a wider quarterly loss amid rising costs and expenses, and said it expected recession concerns to keep...
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...
Nvidia Warns of Sales Shortfall as Gaming Revenue Drops
The Santa Clara, Calif., company expects revenue of $6.7 billion for the quarter ended July 31, some 17% below the...
SoftBank Reports Record $23 Billion Quarterly Loss as Tech Downturn Hits
TOKYO—Japanese technology investor SoftBank 9984 0.74% Group Corp. on Monday reported a record quarterly loss of more than $23 billion...
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase...
Berkshire Hathaway’s Earnings Fall, Hurt by Market Volatility
Berkshire Hathaway Inc.’s BRK.B -0.29% earnings slid in the second quarter as market turmoil weighed on the company’s massive stock...
WSJ News Exclusive | Pfizer in Advanced Talks to Buy Global Blood Therapeutics for About $5 Billion
Pfizer Inc. PFE -1.18% is in advanced talks to buy Global Blood Therapeutics Inc., GBT 33.03% the maker of a...
Warner Bros. Discovery Weighs Free Ad-Supported Streaming Plan
Warner Bros. Discovery Inc. WBD 4.61% is exploring launching a free, ad-supported streaming service, its chief executive said, the latest...
Paramount Revenue Gets Lift From ‘Top Gun’ Sequel, Streaming Service
Paramount Global PARA 1.08% said its “Top Gun” sequel and its growing streaming business helped boost revenue in the latest...
Toyota Profit Takes Hit From Supply-Chain Troubles, Higher Costs
Toyota TM -0.32% Motor Corp. on Thursday maintained its full-year outlook for production and operating profit, despite rising raw material...
EV Maker Lucid Cuts Production Outlook in Half
Electric-vehicle maker Lucid Group Inc. LCID 4.21% said it expected to make half as many cars as previously forecast this...
Under Armour Lowers Profit Targets for Year
Under Armour Inc. UA 2.06% lowered its profit targets for its fiscal year, saying the price markdowns and higher freight...
Uber Revenue Doubles, Sending Shares Surging
Uber UBER 18.90% Technologies Inc. doubled quarterly revenue, improved its financial performance and said high inflation was causing more people...
Match Splits With Tinder CEO as Earnings Fall Short
Match Group Inc.’s MTCH 4.32% new chief executive has shaken up the leadership of the company’s Tinder dating platform citing...
