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...
Financial Performance
Procter & Gamble Posts Biggest Sales Gain in Decades—and a Word of Caution
Procter & Gamble Co. ’s booming quarter came with a warning. The maker of Tide detergent and Gillette razors on...
Netflix Explores a Version With Ads as Subscriber Base Shrinks
Netflix Inc. said it is exploring offering a lower priced ad-supported version of the platform to boost its subscriber base,...
The Pandemic Was Supposed to Push All Shopping Online. It Didn’t.
When millions of locked-down Americans went online during the Covid-19 pandemic, it looked like the possible start of a permanent...
Biden Administration Resumes Oil Leases on Federal Land
WASHINGTON—The Biden administration announced lease sales for oil and gas drilling on federal land Friday, but said it would sharply...
High Gasoline Prices Take Up Big Share of March Retail Spending Increase
U.S. retail sales grew modestly by 0.5% in March as consumers kept spending amid rising gasoline and food prices. Source...
Trucking Boom Is Hitting the Brakes as Freight Demand Slows
The strong freight demand that has delivered bumper earnings for trucking companies during the pandemic appears to be waning, as...
China’s Latest Covid-19 Lockdowns Begin to Drag on the Economy
China’s strict Covid-19 lockdowns in Shanghai and other industrial hubs are beginning to weigh on its economy, with auto sales...
Visa Expects to Make Up Lost Russia Revenue Within a Year
Visa Inc. has lost about 4% of the revenue booked during its most recent fiscal year by pulling out of...
Elon Musk Takes Surprise 9% Stake in Twitter, Sending Shares Higher
In 2021, billionaire CEO Elon Musk reached several milestones across Tesla, SpaceX and Starlink. WSJ reporters Rebecca Elliott and Micah...
Biotech Stocks, Once Booming, Enter Bear Territory
Biotech companies are having one of their worst stock-market runs in years, as rising interest rates, scientific setbacks and a...
Toyota, GM Report Slowing U.S. Auto Sales
Major auto makers reported a pullback in U.S. sales for the first quarter of 2022, as a shortage of vehicles...
Intel Gave CEO Pay Package Worth Nearly $180 Million Amid Turnaround Effort
Intel Corp. awarded Chief Executive Officer Pat Gelsinger compensation last year that could be worth nearly $180 million, tying much...
UAW Chief Says He Hasn’t Had Talks With Tesla or Elon Musk
The leader of the United Auto Workers union said he hasn’t talked with Tesla Inc.’s Elon Musk after the chief...
FedEx Says Fred Smith to Step Aside as CEO, Remain Executive Chairman
FedEx Corp. founder Fred Smith is stepping down as chief executive of the company he started more than 50 years...
Bed Bath & Beyond Adds New Directors in Deal With Activist Ryan Cohen
Bed Bath & Beyond Inc. said it would add three new directors and explore options for its buybuy Baby business...
BuzzFeed News Editor in Chief Is Stepping Down as Company Trims Workforce
BuzzFeed Inc., in its first earnings report as a public company, said it expected revenue to decline in the current...
GameStop’s Stock Rises After Chairman Buys More Shares
Shares of GameStop Corp. rose 16% in after-hours trading after the videogame retailer’s chairman disclosed his firm bought 100,000 shares...
Nike Sales Rise as It Navigates Supply-Chain Snarls
Nike Inc.’s sales grew in the latest period as the sneaker giant benefited from gains in its digital business while...
Aramco Profit Hits $110 Billion as Saudis Seek to Expand Investments
DUBAI—State oil giant Saudi Aramco said Sunday its 2021 net profit more than doubled to $110 billion, a boon to...
