Biden Team Takes Aim at TikTok With Commerce Department Move
The administration likely would need legislation from Congress to further strengthen its position against foreign-based apps that could threaten the...
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Teamsters Vote to Authorize UPS Strike as Contract Talks Continue
United Parcel Service workers represented by the International Brotherhood of Teamsters voted to authorize a strike if contract negotiations fail...
Price Relief Coming at the Drive-Through
Fast-food restaurants are about to get a break, except for one big category. Source link
Disney Finance Chief Clashed With Top Executives Before Stepping Down
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Ticketmaster, SeatGeek to Show Full Ticket Prices Up Front as Biden Targets ‘Junk Fees’
Two of the biggest U.S. ticket sellers plan to change how they display prices to concertgoers, moves aimed at simplifying...
European Central Bank Raises Rates, Signals More Hikes to Come
The European Central Bank raised its key interest rate by a quarter percentage point, pressing ahead with its campaign against...
Fed Holds Rates Steady but Expects More Increases
Officials had approved interest-rate hikes at their previous 10 meetings to combat inflation. Source link
Stitch Fix Taps Former Macy’s, Walmart Exec as CEO
Matt Baer will lead the fashion company as it cuts costs, alters operations. Source link
Shell Launches New Strategy Courting Investors, Not Activists
The energy major said it would share billions more from its record profits with investors while deepening its commitment to...
The ‘Taxi Prince’ Is Taking on Uber—and Winning
Uber has been outmaneuvered in one of the world’s largest taxi markets by the man known as Japan’s taxi prince....
Bud Light Loses Title as Top-Selling U.S. Beer
Modelo Especial overtook the brand as the top-selling U.S. beer in May, punctuating a monthslong boycott of Bud Light that...
CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak
The consumer-price index rose 4% in May from a year earlier, well below the recent peak of 9.1% last June...
China’s Central Bank Moves to Shore Up Recovery
Unexpected trim in key lending rate likely heralds further steps to stimulate China’s economy. Source link
What’s Killing Productivity? Some Think It’s the Banks
June 13, 2023 12:00 am ETLONDON—The birthplace of the industrial revolution is in dire need of innovation. Standing in the...
After Illumina CEO’s Fall, Other Executives Are Expected to Take Hard Look at Deals
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FTC Plans to Seek a Restraining Order to Stop Microsoft From Closing Activision Deal
A judge would need to agree to issue the time-limited order; there is no guarantee when or if the agency...
Nasdaq to Acquire Financial-Software Firm Adenza for $10.5 Billion
Nasdaq has agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock...
Hotel Owners Start to Write Off San Francisco as Business Nosedives
June 12, 2023 12:01 am ETSan Francisco’s once thriving hotel market is suffering its worst stretch in at least 15...
WSJ News Exclusive | Glencore Approaches Teck Over Its Coal Business
The commodities giant is willing to buy Teck’s unit as an alternative to a full merger. Source link
Illumina CEO Francis deSouza Resigns Amid Regulatory Hurdles, Proxy Fight
Activist investor Carl Icahn has signaled he wants former CEO Jay Flatley to return to gene-sequencing test maker. Source link
