TikTok’s Owner Wanted to Create a Hit Videogame. It Failed.
SINGAPORE—TikTok’s Chinese parent ByteDance has bet billions on videogames since 2019, setting up its own creative unit and acquiring buzzy...
Market Share
China’s Electric-Vehicle Makers Face EU Antisubsidy Probe
The antisubsidy investigation opens a new front in the battle for leadership of the global clean-technology industry. Source link
Bud Light Boycott Sparks Big U.S. Profit Drop for AB InBev
The brewing giant lost market share after the Dylan Mulvaney debacle, but it says consumers remain favorable toward Bud Light....
China’s EV Makers Outshine Global Rivals, but a Rocky Road Lies Ahead
Local brands juggle price war with need to increase production. Now, the foreign car makers want their market share back....
Why Lyft Is Headed for Its Own Recession
The ride-hailer’s fundamentals show its rebound is likely to stall as the new year progresses. Source link
Google and Meta’s Advertising Dominance Fades as TikTok, Streamers Emerge
For the first time in nearly a decade, the two largest players in online advertising are no longer raking in...
Merck Is Coming for Pfizer’s Pneumonia Vaccine Market Share
HealthRivals’ interest in the $7 billion market shows the drug industry’s renewed focus on vaccines Source link
Walmart Earnings Show Rise in Revenue as Higher Prices Lift Business
Walmart Inc.’s WMT 5.77% revenue rose in the second quarter as the retail company benefited from consumers both paying more...
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...
How High Energy Prices Could Help Both the Climate and the U.S.
The surge in global energy prices triggered by Russia’s invasion of Ukraine sure doesn’t seem like any sort of blessing....
Intel CEO Sees Revenue Growth Gaining Pace Starting Next Year
Intel Corp. Chief Executive Pat Gelsinger set a goal for the company to reach double-digit revenue growth in three to...
Toyota Overtakes GM as Bestselling Auto Maker in U.S.
The Japanese auto maker, which for decades has worked to expand its presence in the U.S., outsold GM by roughly...
Appliance Business Cast Off by GE Thrives Under Chinese Ownership
LOUISVILLE, Ky.—When General Electric Co. agreed to sell its appliance unit to a Chinese manufacturer in 2016, the future wasn’t...
How Qatar Airways, With Its Covid-19 Playbook, Dethroned Emirates as Biggest Long-Haul Airline
Qatar Airways Ltd. spent years in the shadow of Emirates Airline. An aggressive run at its rival during the pandemic...
