Cosmetics Maker Revlon Files For Chapter 11
Revlon Inc. filed for bankruptcy, potentially ending a decadeslong bet on the beauty products company by Ronald Perelman, its billionaire...
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Some Flight Attendants Can Bring Their Full Selves to Work—Tattoos, Sneakers, Nose Studs and All
Drinks ordered at 36,000 feet may now come served with a side of ink. Virgin Atlantic Airways Ltd. last week...
Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest...
China’s Covid-19 Lockdowns Hurt Sales of Starbucks Coffee, Adidas Sneakers
China’s strict Covid-19 lockdowns are hurting consumer spending for everything from coffee to sneakers and hotels, weighing on multinationals with...
Biden Says U.S. Would Intervene Militarily if China Invaded Taiwan
TOKYO—President Biden said the U.S. would respond militarily to defend Taiwan if China tries to take it by force, sparking...
Hot Job Market, Strong Demand for CFOs Strain Due Diligence
The sudden exit of Moderna Inc.’s newly hired chief financial officer shines a light on the challenges companies and recruiters...
Economy Week Ahead: U.S. Inflation, China’s Exports in Focus
Shoppers in a San Francisco grocery store earlier this month. Economists forecast that year-over-year readings for the consumer-price index started...
Alex Jones’s Infowars Files for Bankruptcy Over Sandy Hook Lawsuits
Infowars and other media assets backed by far-right radio host Alex Jones filed for bankruptcy, opening a new front in...
Elon Musk Contends Censorship, Not Abuse, Is Twitter’s Problem
Twitter Inc. executives spent years trying to promote what they called healthier discourse on the platform, adding content moderation largely...
New York Fed: Public Expectations for March 2023 Inflation Hit 6.6% Record
Public expectations for the level of inflation a year from now hit a record in March, according to a survey...
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...
Russia Cuts Interest Rate as Financial System Stabilizes
Russia’s central bank cut its key interest rate following an unscheduled meeting of policy makers Friday, a sign that efforts to...
Elon Musk Delivers First Teslas Made in Texas, Teases Future Products
AUSTIN, Texas—Tesla Inc. Chief Executive Elon Musk delivered the company’s first made-in-Texas vehicles on Thursday, saying the company was entering...
Fed’s Patrick Harker Expects Steady, Deliberate Path of Rate Rises
Federal Reserve Bank of Philadelphia President Patrick Harker said a series of rate increases is needed to tame inflation. “I...
Starbucks Suspends Buybacks to Invest in Operations as Schultz Returns
Starbucks Corp. said it is suspending billions of dollars in share repurchases, a move that interim Chief Executive Officer Howard...
A Black Box From China Eastern Airlines Plane Crash Is Found
HONG KONG—Rescuers have recovered one of the black boxes from the Boeing 737 that crashed into a mountainous rural area...
Okta Says Probe Into Security Breach Finds No Evidence of New Attack
Identity management provider Okta Inc. OKTA -7.02% said Tuesday that a preliminary investigation found no evidence of any ongoing malicious...
Economy Week Ahead: Powell, Housing, Factories
Reports on factory activity and the housing market highlight this week’s slate of economic data. Monday Federal Reserve Chairman Jerome...
A New Meme-Stock Frenzy Led AMC to Gold Mine Stake
Day traders looking to capitalize on commodity price volatility catalyzed a chain reaction that ended with movie theater giant AMC...
Opioid Victims Confront Purdue Pharma’s Sacklers in Bankruptcy Court
Victims of the opioid epidemic confronted the Sackler family members who own Purdue Pharma LP for the first time in...
