Apple Opens Its First Retail Store in India
The tech company opened a bricks-and-mortar location in Mumbai and is planning to open a second location Thursday in New...
Earnings
The World Is Volatile but Luxury Brands Look Serene
Hermès and LVMH beat high expectations for first-quarter sales. Source link
The Unexpected Reason Apple Is Dominating the U.S. Smartphone Market
In the past few years, the market for smartphones has become a lot more like the one for used cars. Whereas...
Bud Light Faces Boycott Calls, but Punishing Brands Is Harder Than It Looks
CMO TodayResearch shows recent social-media calls to boycott brands such as Goya and Spotify haven’t meaningfully hurt sales and at...
EPA to Propose Tougher Tailpipe-Emissions Standards
The new rules are aimed at accelerating the transition to electric vehicles. Source link
Samsung Forecasts Worst Profit in Over a Decade as Tech Slump Hits Memory Chips
TechSouth Korean firm said it would cut memory-chip production, joining rivals in addressing supply glut Source link
Salesforce Shakes Off Proxy Fight From Elliott
The activist investor says it was swayed by the business-software provider’s latest financial results and cost-cutting. Source link
Ford Says It Will Lose $3 Billion on EVs This Year as It Touts Startup Mentality
The auto maker says it wants to give investors more visibility into the performance of its three business units. Source...
Nike Sales Jump as It Works Through Inventory Glut
Profit at the sneaker maker fell 11% as it relied on higher markdowns. Source link
The Technology Skills Every Employee Should Have Today
Journal Reports: TechnologyWhat Is a Digital Twin? And How Can It Make Companies—and Cities—More Efficient?By Jackie SnowMarch 17, 2023 at...
February Retail Sales to Show if Consumers Pulled Back
Credit- and debit-card data showed spending lost momentum. Source link
WSJ News Exclusive | Amazon, Rivian in Talks to End Exclusivity Part of Delivery-Van Pact
The online retailer has notified the EV maker that it wants to buy about 10,000 vans this year, which is...
Saudi Aramco Posts Record $161 Billion Profit for 2022
Saudi Arabia’s national oil company reported the largest profit by an energy firm, continuing a dramatic turnaround for the industry...
Adidas Slashes Dividend as Problems Mount
A slump in China and a mountain of unsold products are among the challenges facing Adidas after a bruising 2022...
How Chili’s Is Prepping for Tough Times, Starting With the Fries
Rising costs and a shortage of workers are pushing the Southwest-style restaurant chain to do more with lessTanner Davison dining...
Macy’s, Best Buy Sales Decline, Reflecting Shopper Pullback
Macy’s said its sales were down 4.6% in the fourth quarter, and Best Buy said its U.S. sales for the...
Bank Profits Fell 6% Last Year as War, Inflation and Higher Rates Hurt Results
The $263 billion in total profit ranks as second-best on record, yet recession fears prompted a rise in loan-loss reserves....
Wendy’s Targets Sales Growth Amid Restructuring
BusinessEarningsFor 2023, fast-food company expects global systemwide sales to grow 6% to 8% Source link
Rivian Posts Mixed Quarterly Results, Issues New Recall
The move comes as the company’s cash burn accelerates and it continues to lose money as it tries to scale...
Frackers Increase Spending but See Limited Gains
U.S. oil and gas producers raked in profits last year, but inflation and inventory cloud their 2023 prospects. Source link
