Microsoft Earnings Jump as Cloud Services Thrive
Microsoft Corp. MSFT 0.64% continued to benefit from the global shift toward remote work as its cloud business boosted its...
Financial Performance
GE’s Profits Rise but Sales Miss Forecasts
General Electric Co. GE 1.20% reported stronger profits as cost cutting offset lower-than-expected sales of its industrial equipment in the...
Facebook Posts Slower Sales Growth With Apple Privacy Policy
Facebook Inc. blamed Apple Inc.’s AAPL -0.03% privacy rules for posting slower sales growth and warned of further uncertainty for...
Google Charges More Than Twice Its Rivals in Ad Deals, Unredacted Suit Says
Google takes a cut of 22% to 42% of U.S. ad spending that goes through its systems, according to a...
Chipotle’s Profit More Than Doubles as Chain’s Burritos Get Pricier
Chipotle Mexican Grill Inc. said higher menu prices helped boost its profit as the burrito chain deals with increased labor...
WeWork Shares Rise on First Day of Trading, Two Years After Failed IPO
WeWork Inc. shares rose on their first day of trading Thursday, capping a journey to a listing that included the...
New York City Lost Most Wall Street Jobs in 2020, Amid Covid-19, Since 2008 Recession
Wall Street firms shed more New York City jobs during the Covid-19 pandemic in 2020 than any year since the...
Higher Sales Across Divisions Lift Johnson & Johnson as Healthcare Sector Recovers
Johnson & Johnson’s JNJ 2.55% sales climbed in the latest quarter compared with the same stretch of last year, reflecting...
Procter & Gamble to Raise Prices on More Staples
Procter & Gamble Co. PG -1.44% is raising prices on a host of household staples as costs for freight and...
Zillow Gets Outplayed at Its Own Game
Zillow, it seems, has over-flipped. The company that has prided itself on its technology to outsource a lot of human...
WSJ News Exclusive | Saks E-Commerce Unit Begins IPO Preparations
The fast-growing e-commerce business of luxury retailer Saks Fifth Avenue is aiming to go public soon at a valuation roughly...
J.B. Hunt Expects Strong Freight Demand to Extend Into 2022
Freight bellwether J.B. Hunt Transport Services Inc. expects bottlenecks at West Coast ports to intensify heading into the holidays, with...
TSMC to Build Chip Factory in Japan as It Faces Surging Demand
The Japan factory is the most recent expansion plan for TSMC, the world’s largest contract chip maker, as it faces...
IMF Cuts Global Growth Forecast Amid Supply-Chain Disruptions, Pandemic Pressures
WASHINGTON—Supply-chain disruptions and global health concerns spurred the International Monetary Fund to lower its 2021 growth forecast for the world...
Unfinished Tractors, Pickup Trucks Pile Up as Components Run Short
Manufacturers are stacking up unfinished goods on factory floors and parking incomplete vehicles in airport parking lots while waiting for...
Peloton Slashes Price on Exercise Bike, Predicts Slowing Growth
Peloton Interactive Inc. on Thursday lowered by 20% the price of its original stationary bike, a move that comes as...
Microsoft Hires Former Top Amazon Cloud Executive, Adding to Rivalry
Microsoft Corp. hired a top Amazon.com Inc. cloud veteran and ally of Chief Executive Andy Jassy, according to a company...
U.S. Home Sales Rose 2% in July Amid Higher Inventory
The U.S. housing market remained strong in July, with sales of previously owned homes rising at a faster pace than...
Three Former Netflix Engineers Are Charged in $3 Million Insider-Trading Ring
Three former Netflix Inc. software engineers and two of their close associates were charged with insider trading, the U.S. Securities...
Summer Road Trips, Falling Crude Prices Pump Up Refiners’ Profits
Summer road trips and a pullback in crude prices have pumped up refineries’ profits, offering brighter prospects for one part...
