Essay | Janet Yellen’s Learning Curve
When Janet Yellen testified before a congressional commission almost a decade ago about the 2007-2009 global financial crisis, an interlocutor...
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Snap Stock Slumps Premarket as Sales Growth Shrinks, Advertisers Cut Spending
Snap, SNAP -0.64% in an investor letter Thursday, said it is operating on an assumption of no revenue growth this...
Union Pacific Profit Rises 13% as Railroads Benefit From Higher Freight Rates
Higher prices and strong demand from customers helped lift profits for major railroad operators in the most recent quarter, though...
Travel Demand Remains Strong, Airlines Say
The pandemic-related travel boom shows little sign of tapering off, despite persistent inflation and a murky economic outlook, airlines say....
Drugmakers Look to Limit Medicare’s New Power to Negotiate Lower Drug Prices
Drugmakers are trying to blunt Medicare’s newfound power to negotiate medicine prices while coping with internal industry disputes and ebbing...
Philip Morris Raises Offer for Swedish Match and Buys U.S. Rights for IQOS
Philip Morris said it is now offering 116 Swedish kronor, equivalent to $10.34, for each Swedish Match share, up from...
Tesla Cuts 2022 Vehicle-Delivery Target Though Says Demand Remains Strong
The company expects to “sell every car that we make for as far into the future as we can see,”...
Abbott Names New Leadership at Troubled Baby-Formula Plant
Abbott Laboratories has made leadership changes at its major baby-formula manufacturing plant and in its quality organization, following a temporary...
Tesla Poised for Near-Record Earnings as Demand Concerns Loom
Elon Musk’s electric-vehicle maker so far has brushed off worries about weakening demand. Strong vehicle pricing is forecast to have...
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...
Netflix Gains 2.4 Million New Subscribers, Reversing Trend
Netflix Inc. NFLX -1.73% snapped back to subscriber growth in the third quarter, giving the streaming giant a jolt as...
Amazon Workers Reject Union in Vote at Upstate New York Warehouse
Amazon.com Inc. AMZN 2.26% workers in upstate New York voted against unionizing, a setback for labor activists trying to expand...
Lockheed Martin Constrained by Supply Chain
Lockheed Martin Corp. LMT 4.71% said it is still grappling with parts and labor shortages, denting its hopes of increased...
Pernod Ricard to Buy Stake in Tequila Maker Backed by Country Star George Strait
Pernod Ricard SA has agreed to buy a majority stake in Codigo 1530 Tequila, a premium spirits brand backed by...
Russia Wipes Out Exxon’s Stake in Sakhalin Oil-and-Gas Project
The Kremlin has pushed Exxon XOM 1.44% Mobil Corp. out of a major Russian oil-and-gas project and transferred the Texas...
Fracking Pioneer Harold Hamm to Take Continental Resources Private
Harold Hamm, the billionaire fracking pioneer, agreed to buy the shares of Continental Resources Inc. CLR 8.68% not owned by...
Kanye West to Buy Parler, a Libertarian Social-Media Platform, Company Says
Parler says Kanye West has agreed to buy the libertarian-leaning social network popular with conservatives, the rapper’s latest foray into...
U.K. Treasury Chief Jeremy Hunt Looks to Reassure Markets With New Tax Plan
LONDON—New U.K. Chancellor Jeremy Hunt will make a statement later Monday, unveiling new public spending and tax policies as he...
WSJ News Exclusive | Goldman Plans Sweeping Reorganization, Combining Investment-Banking and Trading
Goldman Sachs Group Inc. GS -2.31% plans to fold its biggest businesses into three divisions, undertaking one of the biggest...
Economists Now Expect a Recession, Job Losses by Next Year
The U.S. is forecast to enter a recession in the coming 12 months as the Federal Reserve battles to bring...
