Biden to Sell More Oil From Strategic Reserve to Keep Gas Prices in Check
WASHINGTON—The Biden administration is planning to sell more oil from the country’s strategic reserves—and is considering authorizing new sales this...
Markets
Domino’s Revenue Up as U.S. Sales Offset Strong Dollar
Domino’s Pizza Inc.’s DPZ 10.44% third-quarter revenue rose 7.1%, as higher sales from its U.S. restaurants offset a decline from...
U.S. Supplier Prices Increased in September, Maintaining Pressure on Inflation
U.S. suppliers raised prices in September from the prior month, keeping pressure on inflation that remains high but is easing...
Memory Chip Makers Struggle With Declines in Demand, Price
The pandemic boom in memory chips is on pause. A decline in prices in recent months has led the biggest...
OPEC+ Agrees to Biggest Oil Production Cut Since Start of Pandemic
VIENNA—The Organization of the Petroleum Exporting Countries and its Russia-led allies on Wednesday agreed to slash two million barrels a...
WSJ News Exclusive | London Heathrow to Drop Daily Passenger Cap After Chaotic Summer
LONDON—London Heathrow Airport has told airlines it will lift a cap on passenger numbers at its terminals later this month,...
Supermarket Discounts Are Harder to Find as Food Prices Rise
In U.S. supermarkets, toilet paper and noodles are back in stock, but one prepandemic staple has yet to fully return:...
Exxon CEO Warns Biden Administration Against Limiting Fuel Exports
Exxon Mobil Corp. is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing...
Mortgage Rates Rise to 6.7%, Highest Since 2007
Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis...
Unilever CEO to Retire Next Year After Rocky Tenure
LONDON— Unilever UL 1.03% PLC said Chief Executive Officer Alan Jope plans to retire at the end of next year,...
Gucci, Burberry Join Booming Secondhand Luxury Trade
Secondhand luxury isn’t new, but its popularity is surging. Steep price hikes by prestigious brands like Chanel SA are driving...
Apple Music to Replace Pepsi as Sponsor of NFL’s Super Bowl Halftime Show
Apple AAPL -1.51% Music is set to be the new sponsor of the NFL’s Super Bowl halftime show, replacing longtime...
Rent the Runway to Reduce Workforce as More Customers Pause Their Subscriptions
Rent the Runway Inc. RENT 10.04% said it would reduce its corporate workforce by 24%, primarily through layoffs, as the...
Inflation Tests Tide Maker’s Laundry-Detergent Dominance
Procter & Gamble Co. PG -1.78% is testing the bounds of what consumers are willing to pay for high-end household...
Disney’s New Pricing Magic: More Profit From Fewer Park Visitors
Walt Disney DIS -2.89% used to call Disneyland his “magic kingdom.” These days, Walt Disney Co. has a new magic...
U.S. Steps Up Enforcement of Its Long List of Russia Sanctions
WASHINGTON—The U.S. has imposed a set of powerful sanctions against Russia’s economy to punish it for the invasion of Ukraine....
China’s Videogame Makers Tap Overseas Markets as Home Prospects Dim
Chinese videogame companies are moving rapidly into the U.S. and other overseas markets as regulations at home tighten and user...
Target’s Profit Sinks as Retailer Unloads Unwanted Inventory
A glut of inventory sank profit at Target Corp. further than it expected, sparking investor concerns about the company’s response...
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...
Victoria’s Secret Is Trying a New Look. Can Customers Be Convinced?
Victoria’s Secret VSCO 4.16% spent the last year trying to shift from a brand associated with the male gaze to...
