Rivian CEO Says Chip-Shortage Problems to Ease This Year
Electric-vehicle startup Rivian Automotive Inc. RIVN -9.61% maintained its production forecast for 2022, with executives saying the supply-chain problems that...
Financial Performance
Tyson Foods Profits Soar as Meat Prices Climb
Tyson Foods Inc. TSN 2.22% reported soaring profits as the company raised prices for beef, chicken and pork, citing higher...
Ford Sells About 8% of Its Stake in Electric-Vehicle Startup Rivian
Ford Motor Co. has sold off about 8% of its stockholdings in Rivian Automotive Inc., according to people familiar with...
WSJ News Exclusive | Philip Morris International in Talks to Buy European Smokeless-Tobacco Rival
Philip Morris International Inc. PM 2.18% is in advanced talks to acquire Swedish Match SWMA -0.58% AB, according to people...
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers...
Nvidia Agrees to Pay $5.5 Million to Settle SEC Probe Over Cryptomining Disclosure
WASHINGTON—Nvidia has agreed to pay $5.5 million to settle a regulatory investigation that found it didn’t adequately reveal the impact...
DraftKings Reports Strong Sales as Gambling Unfazed by Inflation
DraftKings Inc. DKNG -6.30% said first-quarter sales rose by more than a third, adding that record inflation was having no...
Bud Brewer Is Buoyed by Pricier Beer
Beer drinkers are so far stomaching higher prices for their brews. Budweiser owner Anheuser-Busch InBev SA BUD 2.60% said Thursday...
Uber’s Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs
Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for rides rebounded from the downturn caused...
Airbnb Revenue Climbs on Record Nightly Bookings and Higher Prices
By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnb said it expects to post its first full-year net profit this...
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...
BP Takes $25.5 Billion Hit From Russia Exit
BP BP 0.49% PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings,...
Grubhub Owner Jet Could See Broader Engine Failure
Grubhub owner Just Eat Takeaway.com’s TKWY -0.53% share price fell nearly 70% over the past year. Trimming the fat might...
Exxon and Chevron, Buoyed by High Oil Prices, Shower Investors With Cash
Big oil companies are continuing to reap the benefits of high commodity prices but aren’t backing off plans to reward...
Amazon Posts First Quarterly Loss Since 2015 as Costs, Rivian Stake Weigh on Results
Amazon.com Inc. AMZN 4.65% posted its first quarterly loss in seven years, a result that reflected broad economic trends related...
Biden Administration Advances Ban on Menthol Cigarettes
The Biden administration on Thursday took a significant step toward a national ban on menthol cigarettes, advancing a regulatory plan...
Facebook Revenue Slows but User Gains Boost Stock
Facebook parent Meta Platforms Inc. FB -3.32% added more users than expected but posted its slowest revenue growth since going...
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.,...
Alphabet Earnings Show Slowing Sales Growth on Digital-Ad Tumult
Google parent Alphabet Inc. GOOG -3.04% posted slower sales growth as global economic turmoil disrupted digital advertising spending.The company said...
American, United Project Packed Planes This Summer
Airlines said they have reached a new juncture in their recovery from the Covid-19 pandemic, anticipating record revenue in the...
