Netflix Is Expected to Log Smaller Profit as It Spends More on Content
Netflix Inc. NFLX 0.56% is banking on its large slate of entertainment to bring in new subscribers and justify its...
Earnings
U.S. Retail Sales Fell 1.9% in December
U.S. retail sales dropped by 1.9% in December as the Covid-19 Omicron variant and inflation surged, damping the end of...
Intel Erases Reference to China’s Xinjiang After Social-Media Backlash
SINGAPORE—Intel Corp. removed references to the Chinese region of Xinjiang from an open letter it sent suppliers last month, after...
Apple CEO Tim Cook Received Nearly $100 Million in Compensation in 2021
Apple Inc. AAPL -1.67% Chief Executive Officer Tim Cook received almost $100 million in compensation in 2021, a year in...
AT&T Shed Media Assets in 2021. This Year It Wants to Add Investors.
AT&T Inc. T 0.83% faces a busy year as it tries to complete a divorce with its entertainment business, ease...
Toyota Overtakes GM as Bestselling Auto Maker in U.S.
The Japanese auto maker, which for decades has worked to expand its presence in the U.S., outsold GM by roughly...
U.S. Companies Are Thriving Despite the Pandemic—or Because of It
Nearly two years after the coronavirus pandemic brought much of the U.S. economy to a halt, public companies are recording...
Didi’s Revenue Falls After Beijing’s Crackdown Hurts Its China Business
Didi in early December said it is planning to delist from the U.S. and pursue a listing in Hong Kong....
Looking to Rent a Car? Expect Higher Prices, Long Waits and Slim Pickings
Travelers looking to rent cars are encountering higher rates and few choices, if they can find a car at all.The...
Intel Apologizes After Asking Suppliers to Avoid China’s Xinjiang Region
U.S. semiconductor giant Intel Corp. INTC 0.39% apologized after setting off a social-media backlash with a letter asking suppliers to...
Nike’s Supply Crunch Stunts Growth Again
Global supply-chain constraints continue to hurt Nike Inc.’s NKE -2.71% sales. The sneaker giant reported for a second consecutive quarter...
Oracle’s Larry Ellison Targets the Health Cloud With $28.3 Billion Bid for Cerner
Oracle Corp. ORCL -4.27% on Monday announced its largest deal ever, a roughly $28.3 billion purchase of electronic-medical-records company Cerner...
Gene Lee, CEO of Olive Garden Parent, to Retire
Olive Garden’s parent company Darden Restaurants Inc. DRI -4.96% said that Gene Lee, the chief executive who has led the...
Stores Like Home Depot and Best Buy Bolster Security After ‘Flash Mob’ Robberies
Retailers and law enforcement around the country are ramping up security to combat a wave of thefts by criminal groups...
Cyber Monday Sales Flat as Smaller Savings Curb Incentive to Spend
U.S. online sales were flat throughout Cyber Monday as smaller discounts gave shoppers less incentive to spend, but analysts say...
Private Flying Takes Off, Boosting Demand for Business Jets
A boom in private flying is helping revive business-jet sales, but it is also challenging charter operators who are scrambling...
Black Friday Shopping Is Back, but the Doorbusters Aren’t
The Covid-19 pandemic didn’t just change consumer habits. It also prompted retailers to rethink Black Friday, one of the biggest...
Do We Need More Heroes? Disney Hopes So.
Many media and tech giants hope to carve out a place in streaming. Disney ’s strategy is to bet you...
Uber CFO Focuses on Revenue Growth After Hitting Profitability Milestone
Uber Technologies Inc.’s finance chief said the ride-sharing and delivery company is focused on boosting its revenue and income after...
Best Buy’s, Dick’s E-Commerce Growth Slows After Pandemic-Fueled Surge
Consumers are spending freely on sporting goods and kitchen appliances, but they are doing more of their shopping in stores...
