Rivian’s Losses Nearly Triple to $1.7 Billion
Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle...
production
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase...
Toyota Profit Takes Hit From Supply-Chain Troubles, Higher Costs
Toyota TM -0.32% Motor Corp. on Thursday maintained its full-year outlook for production and operating profit, despite rising raw material...
China Chases Chip-Factory Dominance—and Global Clout
China is leading the world in building new chip factories, a step toward achieving more self-sufficiency in semiconductors that could...
Miami’s Gold Rush: Finance Firms and Crypto Move In, Bringing Strains
From his new office in Miami Beach, real-estate investor Barry Sternlicht is only steps from the ocean. His waterfront mansion...
Rivian Cranked Up Production in Second Quarter at Illinois Factory
Rivian RIVN 10.42% Automotive Inc. said it produced 4,401 vehicles in the second quarter, the latest in the electric-vehicle maker’s...
If the U.S. Is in a Recession, It’s a Very Strange One
Economic output is down—but the job market is strong, unlike in previous recessions. It’s the latest twist in the odd...
Airbus Wins First Major China Jet Order Since Before Pandemic
China placed a large order on behalf of three of its biggest airlines for close to 300 jets from Airbus...
Elon Musk Calls Tesla’s New Car Factories ‘Gigantic Money Furnaces’
Tesla Inc.’s TSLA -0.40% two newest car factories have been losing billions of dollars as supply-chain disruptions and battery-cell manufacturing...
‘Friend-Shoring’ Might Be Bad for Global Growth, Inflation
As geopolitical tensions rise, Western governments have urged international companies to shift more business to friendly countries. Some critics think...
Baby Formula Shortage Worsens, Hitting Low-Income Families Hardest
New data suggest that the U.S. baby-formula shortage is deepening, particularly hitting states in the South and the Southwest. Nationally,...
WSJ News Exclusive | Apple Looks to Boost Production Outside China
TOKYO— Apple Inc. AAPL 0.17% has told some of its contract manufacturers that it wants to boost production outside China,...
Baby Formula Shortage Faces Investigation by Lawmakers
WASHINGTON—The House Oversight Committee has launched an investigation into the four major manufacturers of baby formula, including the makers of...
Baby Formula Shortage Could Last Months
Baby-formula manufacturers and retailers say they are working to address a long-running shortage in products on store shelves, but the...
Rivian CEO Says Chip-Shortage Problems to Ease This Year
Electric-vehicle startup Rivian Automotive Inc. RIVN -9.61% maintained its production forecast for 2022, with executives saying the supply-chain problems that...
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers...
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...
Toyota, GM Report Slowing U.S. Auto Sales
Major auto makers reported a pullback in U.S. sales for the first quarter of 2022, as a shortage of vehicles...
Biden to Draw Down Oil Reserves in Bid to Ease Gas Prices
WASHINGTON—President Biden will tap up to 180 million barrels of government oil reserves to help tamp down near-record high fuel...
Aluminum Makers Seek Old Cans, Shredded Cars to Fuel New Plants
Aluminum makers are on a nationwide hunt for more old cans, shredded cars and factory waste to keep up with...
