Lucid Slashes 2022 Vehicle-Production Target
Electric car maker Lucid LCID 9.98% Group Inc. cut its 2022 vehicle-production target, underscoring the twin challenges of global supply-chain...
Earnings
BP to Exit From Stake in Russia’s Rosneft Following Pressure From U.K.
British energy giant BP PLC said Sunday it will exit its nearly 20% stake in Russian government-controlled oil producer Rosneft...
Russia Sanctions Over Ukraine Largely Spare Energy Sector, Vital to Europe
The West is rolling out increasingly tough sanctions on Russia but it is going out of its way to preserve...
Global Air Travel Is Disrupted by Russian Invasion of Ukraine
Competing aviation sanctions and the narrowing of airspace available for commercial travel over Russia and Eastern Europe are adding strain...
Moderna Beats Profit Estimates, Fueled by Covid-19 Vaccine Sales
Moderna Inc. posted better-than-expected profits for the last three months of 2021 as the company’s Covid-19 vaccine continued to power...
Lowe’s Profitability Improves Despite Dimming Sales Outlook
Lowe’s Cos. surprised Wall Street with its management of costs and pricing in the latest quarter amid a slowing outlook...
Rio Tinto Needs to Spend Money to Make Money
A world-wide shortage of many major commodities is a headache for most companies these days. But for Australian metals heavyweight...
Home Depot Expects Sales Growth to Slow in 2022
Sales growth will likely slow this year for Home Depot Inc., the home-improvement retailer said Tuesday, an indication that the...
Macy’s Opts Against Separation of E-Commerce Business
Macy’s Inc. has opted against separating its e-commerce business from its bricks-and-mortar stores amid calls from an activist investor to...
Inside Subway’s Turnaround Plan
Subway, which has the most locations of any restaurant chain in the U.S., is pursuing a new way to try...
California’s Green-Energy Subsidies Spur a Gold Rush in Cow Manure
Clean Energy Fuels Corp. , a major distributor of natural gas made from waste, found a way to boost its...
GE Warns Supply-Chain Issues to Pressure Profits, Cash Flow
General Electric Co. warned that supply-chain problems, labor shortages and inflation would weigh on its financial results in the first...
Marriott Doubles Revenue Despite Omicron Setback
Marriott International Inc. said demand for business and leisure travel continued to grow in the holiday quarter despite a setback...
Inflation Is Everywhere, Including Places You Might Not Expect
Inflation is seeping through American business, hitting companies in unexpected ways beyond higher prices for materials, shipping or wages.It is...
U.S. Housing Affordability Worsens
U.S. housing affordability worsened in the fourth quarter as home prices rose alongside mortgage-interest rates.The Covid-19 pandemic helped spark a...
Disney’s Earnings Show Rebound in Disney+, Parks Businesses
Walt Disney Co. DIS 3.33% regained momentum in subscription growth for its flagship Disney DIS 3.33% + streaming service and...
Pfizer Forecasts $54 Billion in 2022 Sales From Its Covid-19 Vaccine, Treatment
As Pfizer Inc. PFE -2.84% forecasts strong sales this year for its Covid-19 vaccine and treatment, the drugmaker is on...
KKR Earnings Fall While Cash Available to Shareholders Hits New Heights
KKR & Co.’s fourth-quarter earnings fell as the change in the value of its investments lagged behind the broader market,...
WSJ News Exclusive | Peloton CEO John Foley to Step Down, Become Executive Chair
Peloton Interactive Inc. PTON 20.93% plans to replace its chief executive, cut costs and overhaul its board after a slowdown...
Peter Thiel to Step Down From Facebook Parent Meta’s Board
Peter Thiel, one of Facebook’s earliest investors and its longest-serving outside board member, is planning to step down from his...
