Bud Brewer Is Buoyed by Pricier Beer
Beer drinkers are so far stomaching higher prices for their brews. Budweiser owner Anheuser-Busch InBev SA BUD 2.60% said Thursday...
Earnings
Uber’s Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs
Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for rides rebounded from the downturn caused...
Airbnb Revenue Climbs on Record Nightly Bookings and Higher Prices
By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnb said it expects to post its first full-year net profit this...
Starbucks Plans Barista Raises, Says Unionized Cafes Will Need to Bargain
Starbucks Corp. said it would boost pay for U.S. baristas who have been with the company for at least two...
BP Takes $25.5 Billion Hit From Russia Exit
BP BP 0.49% PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings,...
Grubhub Owner Jet Could See Broader Engine Failure
Grubhub owner Just Eat Takeaway.com’s TKWY -0.53% share price fell nearly 70% over the past year. Trimming the fat might...
Live updates: Berkshire Hathaway’s annual meeting, earnings, stock price info and more
Berkshire Hathaway owns a lot of consumer businesses. So it shouldn't come as a surprise that inflation is a concern...
Exxon and Chevron, Buoyed by High Oil Prices, Shower Investors With Cash
Big oil companies are continuing to reap the benefits of high commodity prices but aren’t backing off plans to reward...
Amazon Posts First Quarterly Loss Since 2015 as Costs, Rivian Stake Weigh on Results
Amazon.com Inc. AMZN 4.65% posted its first quarterly loss in seven years, a result that reflected broad economic trends related...
Biden Administration Advances Ban on Menthol Cigarettes
The Biden administration on Thursday took a significant step toward a national ban on menthol cigarettes, advancing a regulatory plan...
Saudi Arabia Orders Up to 100,000 Electric Vehicles in Boost to Startup Lucid
RIYADH, Saudi Arabia—Saudi Arabia will purchase between 50,000 and 100,000 electric vehicles over the next decade from Lucid Group Inc.,...
Alphabet Earnings Show Slowing Sales Growth on Digital-Ad Tumult
Google parent Alphabet Inc. GOOG -3.04% posted slower sales growth as global economic turmoil disrupted digital advertising spending.The company said...
American, United Project Packed Planes This Summer
Airlines said they have reached a new juncture in their recovery from the Covid-19 pandemic, anticipating record revenue in the...
Tesla Posts Record $3.3 Billion Quarterly Profit
Tesla Inc. TSLA -4.96% reported a sevenfold jump in first-quarter profit as consumers snapped up the company’s electric vehicles, though...
Procter & Gamble Posts Biggest Sales Gain in Decades—and a Word of Caution
Procter & Gamble Co. ’s booming quarter came with a warning. The maker of Tide detergent and Gillette razors on...
Netflix Explores a Version With Ads as Subscriber Base Shrinks
Netflix Inc. said it is exploring offering a lower priced ad-supported version of the platform to boost its subscriber base,...
The Pandemic Was Supposed to Push All Shopping Online. It Didn’t.
When millions of locked-down Americans went online during the Covid-19 pandemic, it looked like the possible start of a permanent...
Biden Administration Resumes Oil Leases on Federal Land
WASHINGTON—The Biden administration announced lease sales for oil and gas drilling on federal land Friday, but said it would sharply...
High Gasoline Prices Take Up Big Share of March Retail Spending Increase
U.S. retail sales grew modestly by 0.5% in March as consumers kept spending amid rising gasoline and food prices. Source...
Trucking Boom Is Hitting the Brakes as Freight Demand Slows
The strong freight demand that has delivered bumper earnings for trucking companies during the pandemic appears to be waning, as...
