Volkswagen Says EV Shift Will Continue Under New CEO
Volkswagen AG VOW 2.27% said that its new chief executive would continue the company’s ambitious shift toward electric vehicles, as...
Financial Performance
Rising Costs Drag on Nestlé’s Profit Despite Higher Selling Prices
Higher costs for commodities, freight and energy are starting to eat into profit at Nestle SA, even as the world’s...
Facebook Parent Meta Platforms Reports First Ever Revenue Drop
The company reported quarterly revenue of $28.8 billion, down almost 1% from a year earlier and slightly below the $28.9...
T-Mobile Posts Strong Gains in Wireless Customers, Raises Outlook
T-Mobile US Inc. TMUS 3.80% posted a steep second-quarter loss as costs tied to its network overhaul and legal expenses...
Cheaper Beer, Cigarettes Gain Favor as Inflation Pinches Shoppers
Shoppers are trading down to cheap beer brands and discount cigarettes as they feel more pressure on their pocketbooks.Consumer prices...
More Shoppers Buy Store Brands, Eating Into Big Food Companies’ Sales
Cost-conscious consumers are buying more store brands at the supermarket, raising pressure on big food companies that are dealing with...
Apple, Amazon, Meta Highlight Tech-Heavy Earnings Week
A little more than one-third of S&P 500, or 175 companies, are scheduled to report earnings in the coming week,...
Bed Bath & Beyond Followed a Winning Playbook—and Lost
Mark Tritton arrived at Bed Bath & Beyond Inc. BBBY -12.05% in 2019 with a plan to revive the home-goods...
Airlines Are Making Money Again, but They Can’t Keep Up With Surging Travel Demand
Rising costs and airlines’ operational stumbles are taking some of the shine off a summer marked by an insatiable appetite...
Macau Casinos to Reopen Saturday After Covid-19 Shutdown
Casinos in the gambling hub of Macau will be allowed to reopen Saturday after a nearly two-week shutdown amid a...
Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown
Tesla’s second-quarter production was limited by Covid-related restrictions in China and supply-chain disruptions. Photo: jade gao/Agence France-Presse/Getty Images Updated July...
U.S. Home Prices Hit New Record of $416,000 in June as Sales Continued to Slide
The median existing home price hit another record in June, rising to $416,000, and sales declined for the fifth straight...
Netflix Loses Nearly 1 Million Subscribers, Vows Rebound
Netflix Inc. NFLX 5.61% suffered two consecutive quarters of subscriber losses for the first time in its history, and said...
Boeing Sells Five 787 Dreamliners to Aircraft Lessor in Air Show Boost
FARNBOROUGH, England— Boeing Co. BA 4.00% sold five more 787 Dreamliners to aircraft leasing company AerCap Holdings N.V. AER 4.68%...
Inflation Has Outpaced Wage Growth. Now It’s Cutting Into Spending.
Early in the Covid-19 pandemic, U.S. wage growth accelerated, as weekly earnings jumped more than 7% in April and May...
WSJ News Exclusive | Merck Deal for Seagen Seen as Unlikely by Earnings Release
Merck & Co.’s roughly $40 billion deal for Seagen Inc. is unlikely to be finalized ahead of the pharmaceutical giant’s...
U.S. Retail Sales Rose 1% in June
June’s increase came after sales declined slightly in May, the Commerce Department said Friday.Consumers spent more last month across a...
WSJ News Exclusive | Amazon Has Been Slashing Private-Label Selection Amid Weak Sales
Amazon.com Inc. AMZN 0.21% has started drastically reducing the number of items it sells under its own brands, and the...
Netflix Partners With Microsoft for New Advertising-Backed Option
Netflix Inc. NFLX 1.21% said it chose Microsoft Corp. MSFT -0.37% to help launch a low-cost, advertising-supported streaming plan, a...
Gap CEO Sonia Syngal Is Stepping Down
Gap Inc. GPS -1.57% replaced chief executive Sonia Syngal after a little more than two years on the job, making...
