Cheaper Beer, Cigarettes Gain Favor as Inflation Pinches Shoppers
Shoppers are trading down to cheap beer brands and discount cigarettes as they feel more pressure on their pocketbooks.Consumer prices...
Earnings
More Shoppers Buy Store Brands, Eating Into Big Food Companies’ Sales
Cost-conscious consumers are buying more store brands at the supermarket, raising pressure on big food companies that are dealing with...
Apple, Amazon, Meta Highlight Tech-Heavy Earnings Week
A little more than one-third of S&P 500, or 175 companies, are scheduled to report earnings in the coming week,...
Bed Bath & Beyond Followed a Winning Playbook—and Lost
Mark Tritton arrived at Bed Bath & Beyond Inc. BBBY -12.05% in 2019 with a plan to revive the home-goods...
Airlines Are Making Money Again, but They Can’t Keep Up With Surging Travel Demand
Rising costs and airlines’ operational stumbles are taking some of the shine off a summer marked by an insatiable appetite...
Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown
Tesla’s second-quarter production was limited by Covid-related restrictions in China and supply-chain disruptions. Photo: jade gao/Agence France-Presse/Getty Images Updated July...
U.S. Home Prices Hit New Record of $416,000 in June as Sales Continued to Slide
The median existing home price hit another record in June, rising to $416,000, and sales declined for the fifth straight...
Netflix Loses Nearly 1 Million Subscribers, Vows Rebound
Netflix Inc. NFLX 5.61% suffered two consecutive quarters of subscriber losses for the first time in its history, and said...
Boeing Sells Five 787 Dreamliners to Aircraft Lessor in Air Show Boost
FARNBOROUGH, England— Boeing Co. BA 4.00% sold five more 787 Dreamliners to aircraft leasing company AerCap Holdings N.V. AER 4.68%...
Inflation Has Outpaced Wage Growth. Now It’s Cutting Into Spending.
Early in the Covid-19 pandemic, U.S. wage growth accelerated, as weekly earnings jumped more than 7% in April and May...
WSJ News Exclusive | Merck Deal for Seagen Seen as Unlikely by Earnings Release
Merck & Co.’s roughly $40 billion deal for Seagen Inc. is unlikely to be finalized ahead of the pharmaceutical giant’s...
U.S. Retail Sales Rose 1% in June
June’s increase came after sales declined slightly in May, the Commerce Department said Friday.Consumers spent more last month across a...
WSJ News Exclusive | Amazon Has Been Slashing Private-Label Selection Amid Weak Sales
Amazon.com Inc. AMZN 0.21% has started drastically reducing the number of items it sells under its own brands, and the...
Netflix Partners With Microsoft for New Advertising-Backed Option
Netflix Inc. NFLX 1.21% said it chose Microsoft Corp. MSFT -0.37% to help launch a low-cost, advertising-supported streaming plan, a...
Gap CEO Sonia Syngal Is Stepping Down
Gap Inc. GPS -1.57% replaced chief executive Sonia Syngal after a little more than two years on the job, making...
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...
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...
