Tencent Posts Steepest Profit Decline Since Going Public
Tencent Holdings Ltd. TCEHY -6.29% posted its worst quarterly profit drop since listing in Hong Kong in 2004, with its...
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Steve Wynn Sued by Justice Department
WASHINGTON—The Justice Department sued casino mogul Steve Wynn Tuesday to force him to register as a lobbyist in connection with...
‘Doctor Strange’ Gives Summer Movie Season a Strong Start
The summer blockbuster is back.After two years of delays, cancellations and false starts because of the Covid-19 pandemic, the 2022...
They Came, They Hiked, They Stayed: Retirees Lift Fortunes in Rural America
PIGEON FORGE, Tenn.—Tom and Barb Hansen’s search for a retirement spot reads like the script to a road movie. California’s...
WSJ News Exclusive | Boehly-Led Group Said to Have Reached Deal to Buy Chelsea F.C.
A group led by Los Angeles Dodgers part-owner Todd Boehly reached a deal to acquire Chelsea Football Club from Russian...
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...
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...
WSJ News Exclusive | Activist Investor Ancora Has 1% Hasbro Stake
An activist investor has a stake in Hasbro Inc. HAS 1.83% and is supporting another activist already waging a proxy...
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...
Activision Blizzard CEO Bobby Kotick Could Walk Away With More Than $500 Million After Microsoft Deal
In a securities filing Friday, Activision said Mr. Kotick would receive $14.4 million in severance if he is terminated or...
Airbnb Adopts Work-From-Anywhere Approach, Including Overseas
Airbnb Inc. ABNB 4.93% is telling employees they can now work from almost anywhere in the world without a pay...
Consumer Brands Push for Clean-Energy Tax Credits
More than 40 companies, including consumer brands such as Airbnb Inc., ABNB 1.47% Lyft Inc., LYFT 2.26% Sierra Nevada Brewing...
Chick-fil-A’s Crazy Long Drive-Through Lines Have Santa Barbara Residents Squawking
SANTA BARBARA, Calif.—Business has boomed for Chick-fil-A franchisee Travis Collins during the pandemic, thanks to surging appetite for chicken sandwiches...
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...
Activision Blizzard Names Two Women to Its Board
Activision Blizzard Inc. ATVI -0.02% said it is moving to add two women to its board of directors, months after...
Peloton to Cut Price of Bikes, Raise Subscription Fees
Peloton Interactive Inc. will cut prices of its stationary bikes and treadmills and raise monthly subscriptions for online workout classes....
Baby-Formula Shortage Prompts Rationing at Target, Kroger, Walgreens and CVS
The biggest U.S. retailers are rationing baby formula as a recall by the maker of Similac and other popular brands...
Airlines Have Been Staffing Up, Hoping for a Smoother Summer
Facing a summer of packed flights, airlines are striving to avoid the blunders of a year earlier. Carriers say they...
Venture Powerhouse Sequoia Capital Names New Leader
Sequoia Capital named a new top leader, a rare transfer of power at one of Silicon Valley’s most storied venture-capital...
