Shell Launches New Strategy Courting Investors, Not Activists
The energy major said it would share billions more from its record profits with investors while deepening its commitment to...
Earnings
Bud Light Loses Title as Top-Selling U.S. Beer
Modelo Especial overtook the brand as the top-selling U.S. beer in May, punctuating a monthslong boycott of Bud Light that...
GameStop Shares Fall as It Terminates CEO and Ryan Cohen Becomes Executive Chairman
Chief Executive Matt Furlong is out at the videogame and consumer-electronics retailer. Source link
Retailers Are Shrinking Logistics Operations in a Changing Consumer Market
Some companies are dropping distribution centers as warehouse employment reaches a 17-month low. Source link
Kia, Hyundai Thefts Continue Three Months After Carmakers Deployed Fix
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Disney’s ‘Little Mermaid’ Tops Weekend Box Office
Domestic sales for the remake fell in the middle of the studio’s recent live-action redos of animated classics. Source link
Kohl’s, Costco, Lowe’s Sales Sluggish as Shoppers Pull Back
Consumer wariness constrains earnings for retailers Dick’s, e.l.f. Beauty and Williams-Sonoma. Source link
Target Lands in Culture-War Crosshairs Over Pride Month
The retailer’s halt to its sale of some Gay Pride items fuels criticism it gave in to pressure from anti-LGBT...
WSJ News Exclusive | Panera Brands Names New CEO Ahead of IPO
Panera Brands said it promoted José Alberto Dueñas to chief executive as the restaurant company prepares to offer its shares...
Disney’s ABC, ESPN Weakness Adds Pressure to Make Streaming Profitable
Earnings from traditional TV have fallen sharply after helping to offset Disney+ losses in recent years. Source link
Bargain Hunters Turn to Walmart, Boosting Sales
The nation’s largest retailer said sales from stores and digital channels operating at least 12 months grew 7.4% for the...
Americans Curb Spending on Home Improvements
Home Depot warned that its annual sales will fall for first time since 2009. The company said demand for home-improvement...
China’s Youth Unemployment Tops 20% Amid Signs of Stalling Recovery
China’s youth unemployment rate rose above 20% for the first time since Beijing began tracking the data five years ago....
3M Fires Longtime Executive, Citing Inappropriate Personal Conduct
Michael Vale has worked for the company for more than 30 years. Source link
SoftBank Says Goodbye to Alibaba, Hello to More AI Investments
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Oatly Names Jean-Christophe Flatin as New CEO and Narrows Quarterly Loss
Current Chief Executive Toni Petersson is set to become the oat-milk company’s co-chairman. Source link
Fox Says It Settled Dominion Suit to ‘Avoid the Acrimony of a Divisive Trial’
The company said it swung to a $54 million quarterly loss, primarily because of charges associated with legal-settlement costs. Source...
Tyson Foods Stock Plummets After It Slashes Outlook for 2023
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America’s Factory Boom Drives Sales Surge for Excavators, Steel and Trucks
Construction of semiconductor and battery factories helps Caterpillar, Nucor and other manufacturers plow past economic uncertainty and rising interest rates....
‘Guardians of the Galaxy Vol. 3’ Delivers $100 Million-Plus Debut for Disney’s Marvel
The third installment of director James Gunn’s trilogy tallied $114 million in domestic ticket sales this weekend, giving Marvel Studios...
