Macy’s, Kohl’s Sales Drop as Shoppers Delay Holiday Buying
Both department store chains said the outlook for the important year-end quarter remained uncertain. Source link
Financial Performance
Tencent Slashes Meituan Stake Worth $20 Billion, Posts Revenue Drop
BusinessEarningsChinese social-media giant plans to distribute food-delivery company’s shares as special dividend to Tencent shareholders Source link
Taylor Swift’s Concert Ticket Sales Plagued by Ticketmaster Delays
BusinessFans report frustration and inability to get tickets for singer’s first concert in five years Source link
Home Depot Sales Up 5.6% in Third Quarter
BusinessEarningsHome-improvement retailer logs logs higher sales despite fewer transactions Source link
Walmart Is Flexing Its Muscle Again
America’s biggest retailer has a new message for its suppliers: We’re not going to pay higher prices anymore.Walmart Inc. Chief...
SoftBank Posts Profit of More Than $21 Billion After Selling Alibaba Shares
TechShare sale more than offsets losses at SoftBank’s Vision Funds Source link
Disney Shares Slide as Streaming Losses Balloon
BusinessEarningsDeclines in streaming more than doubled in the recent quarter but have reached their peak, says CEO Bob Chapek Source...
Elon Musk Sells Almost $4 Billion of Tesla Stock After Twitter Takeover
TechThe sale of 19.5 million shares this month in the electric-vehicle maker follows sales in April and August Source link
Kohl’s CEO Michelle Gass Resigns to Join Levi Strauss
CEO Michelle Gass has been under attack from activist investors for sales declines and a steep drop in the department-store...
Lyft Shares Slide After Disappointing Revenue and Ridership Numbers
BusinessEarningsThe number of people using the ride-sharing app rose less than analysts had been predicting Source link
Frackers Say Oil Production Slowing in the Shale Patch
U.S. oil-and-gas companies offer little relief for tight global market. Source link
Peloton’s Quarterly Sales Fall Again but Losses Narrow
BusinessEarningsCompany predicts revenue could drop 37% in holiday quarter, with CEO saying turnaround is ahead of schedule Source link
WSJ News Exclusive | Lyft Plans to Lay Off About 700 Employees in Second Round of Job Cuts
The ride-hailing company is cutting 13% of staff, or nearly 700 jobs, the latest technology company to say it needed...
Prudential Suffers Big Loss on Rising Rates
Rising interest rates and volatile stock markets battered insurer Prudential in the third quarter, while AIG was stung by claims from...
Merck Is Coming for Pfizer’s Pneumonia Vaccine Market Share
HealthRivals’ interest in the $7 billion market shows the drug industry’s renewed focus on vaccines Source link
Taylor Swift’s ‘Midnights’ Breaks Album Sales Records in First Week
ArtsMusicThe artist’s new record sold 1.58 million copies, including 575,000 vinyl LPs, and marks the third-largest streaming week for a...
Pfizer, Uber and Starbucks Highlight Another Busy Earnings Week
Pfizer Inc., PFE 3.69% Uber UBER -1.15% Technologies Inc. and Starbucks Corp. SBUX 2.13% are among the heavyweights headlining another...
Exxon Hits Record Profits Again as Oil Industry Sees Banner Quarter
The world’s largest oil companies continue to reap rewards from sustained high commodity prices as Exxon XOM 2.93% Mobil Corp....
Tech Boom Ends as Companies From Amazon to Meta Adjust to Turbulent Times
A week of earnings by big technology companies has been a rout for investors, as recession fears and the strong...
WSJ News Exclusive | Fast-Fashion Juggernaut Shein’s Sales Close In on Zara, H&M
Online retailer Shein is on track to generate revenue of $24 billion this year, according to people close to the...
