Unfinished Tractors, Pickup Trucks Pile Up as Components Run Short
Manufacturers are stacking up unfinished goods on factory floors and parking incomplete vehicles in airport parking lots while waiting for...
Earnings
Peloton Slashes Price on Exercise Bike, Predicts Slowing Growth
Peloton Interactive Inc. on Thursday lowered by 20% the price of its original stationary bike, a move that comes as...
Microsoft Hires Former Top Amazon Cloud Executive, Adding to Rivalry
Microsoft Corp. hired a top Amazon.com Inc. cloud veteran and ally of Chief Executive Andy Jassy, according to a company...
U.S. Home Sales Rose 2% in July Amid Higher Inventory
The U.S. housing market remained strong in July, with sales of previously owned homes rising at a faster pace than...
Three Former Netflix Engineers Are Charged in $3 Million Insider-Trading Ring
Three former Netflix Inc. software engineers and two of their close associates were charged with insider trading, the U.S. Securities...
Summer Road Trips, Falling Crude Prices Pump Up Refiners’ Profits
Summer road trips and a pullback in crude prices have pumped up refineries’ profits, offering brighter prospects for one part...
Tencent to Work With Chinese Regulators to Limit Minors’ Online Game Time
Tencent Holdings Ltd. pledged to work with Chinese regulators and industry counterparts to manage how minors use online games and...
Target Sales Increase as Shoppers Return to Stores
Target Corp. reported increased revenue in the second quarter as more people returned to stores and online spending moderated compared...
Airbnb Revenue Nearly Quadrupled in Second Quarter
Airbnb Inc.’s second-quarter revenue nearly quadrupled, rebounding from the lows of the pandemic and exceeding pre-pandemic levels, as domestic travel...
AMC Talks Bitcoin, GameStop With Its Reddit Followers
AMC Entertainment Holdings Inc. on Monday detailed changes coming to its theaters, such as accepting bitcoin, that are aimed at...
NBC Draws Its Lowest Summer Olympics Ratings Ever for Tokyo Games
Olympic athletes like Caeleb Dressel, Suni Lee and Sydney McLaughlin helped the U.S. win the most gold medals at the...
