Robots Pick Up More Work at Busy Factories
Robots are turning up on more factory floors and assembly lines as companies struggle to hire enough workers to fill...
facilities
Airbnb to Quit China Business as Harsh Lockdowns, Competition Weigh on Demand
Airbnb Inc. ABNB 0.65% plans to close its domestic business in China after harsh Covid-19 lockdowns compounded the pain from...
Starbucks to Exit From Russia
Starbucks Corp. SBUX 0.28% is closing down its business in Russia, as the invasion of Ukraine puts an end to...
Melvin Capital to Close Funds, Return Cash to Investors
Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a...
FDA Eases Baby-Formula Import Rules to Boost Supplies
U.S. health regulators took steps to allow more foreign baby formula on American shelves, easing rules that had effectively prevented...
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the oil giant benefits from surging oil prices following Russia’s...
Baby Formula Shortage Could Last Months
Baby-formula manufacturers and retailers say they are working to address a long-running shortage in products on store shelves, but the...
Starbucks Plans Barista Raises, Says Unionized Cafes Will Need to Bargain
Starbucks Corp. said it would boost pay for U.S. baristas who have been with the company for at least two...
How the Owner of a Frozen-Yogurt Store Has Survived in a Volatile Industry
Veronica Tessler has seen the best and worst of the frozen-yogurt business.When she opened her self-service yogurt shop in 2011,...
Saudi Arabia Orders Up to 100,000 Electric Vehicles in Boost to Startup Lucid
RIYADH, Saudi Arabia—Saudi Arabia will purchase between 50,000 and 100,000 electric vehicles over the next decade from Lucid Group Inc.,...
Tesla Posts Record $3.3 Billion Quarterly Profit
Tesla Inc. TSLA -4.96% reported a sevenfold jump in first-quarter profit as consumers snapped up the company’s electric vehicles, though...
When Quitting Normalizes, Benefit to Low-Wage Workers May Subside
Low-wage workers capitalized on the rare opportunity of a tight labor market with a burst of job-switching. That wave shows...
Tesla and Other Auto Makers Move to Restart Plants in Shanghai
Auto makers including Tesla Inc. and SAIC Motor Corp. are aiming to resume production next week in Shanghai, people familiar...
Baby-Formula Shortage Prompts Rationing at Target, Kroger, Walgreens and CVS
The biggest U.S. retailers are rationing baby formula as a recall by the maker of Similac and other popular brands...
Etsy Sellers Strike as Site Ramps Up to Battle Amazon
A battle over the future of Etsy Inc. is playing out in public this week as some sellers protest higher...
Starbucks Suspends Buybacks to Invest in Operations as Schultz Returns
Starbucks Corp. said it is suspending billions of dollars in share repurchases, a move that interim Chief Executive Officer Howard...
Tesla Deliveries Rose in Quarter Elon Musk Calls Exceptionally Difficult
Tesla Inc. vehicle deliveries rose in the first quarter, but missed Wall Street expectations as the company struggled with global...
Carl Icahn Targets Kroger Over Pork, CEO Pay
Billionaire activist investor Carl Icahn is seeking two board seats at Kroger Co., pushing the U.S. supermarket giant to make...
Inflation, Shortages Push Americans to Switch Brands More Than Ever
Well-known brand names and flashy ad campaigns are no longer enough to command U.S. consumers’ loyalty in grocery stores. Source...
HP Makes Bet on Hybrid Work With $1.7 Billion Deal
HP said the deal, expected to close by year-end, would help grow its hybrid-office offerings. Photo: Richard B. Levine/Zuma Press...
