Cheaper Beer, Cigarettes Gain Favor as Inflation Pinches Shoppers
Shoppers are trading down to cheap beer brands and discount cigarettes as they feel more pressure on their pocketbooks.Consumer prices...
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Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private
Tesla Inc. TSLA 0.20% is scheduled for court-ordered settlement talks in a shareholder lawsuit over Chief Executive Officer Elon Musk’s...
More Shoppers Buy Store Brands, Eating Into Big Food Companies’ Sales
Cost-conscious consumers are buying more store brands at the supermarket, raising pressure on big food companies that are dealing with...
Apple, Amazon, Meta Highlight Tech-Heavy Earnings Week
A little more than one-third of S&P 500, or 175 companies, are scheduled to report earnings in the coming week,...
Bed Bath & Beyond Followed a Winning Playbook—and Lost
Mark Tritton arrived at Bed Bath & Beyond Inc. BBBY -12.05% in 2019 with a plan to revive the home-goods...
How to Build AI That Actually Works for Your Business
Artificial intelligence might one day be used to power genuinely humanlike cyborgs or other figments of humanity’s fertile imagination. For...
Vince McMahon Retires as WWE CEO Amid Sexual Harassment Scandal
Vince McMahon, the king of U.S. wrestling, retired as chief executive officer and chairman of World Wrestling Entertainment Inc., WWE...
Russia, Ukraine Clear Way for Grain Exports to Resume Amid Fears of Global Food Crisis
ISTANBUL—Russia and Ukraine agreed Friday to resume exports of millions of tons of Ukrainian grain via the Black Sea for...
Russia’s Central Bank Slashes Rates, Sees Smaller Hit From Sanctions
Russia’s central bank Friday lowered its key interest rate below its prewar level, and said it expects the economy to...
Samsung Floats Nearly $200 Billion Spend on New Texas Chip Plants in Next Decades
SEOUL— Samsung Electronics Co. has floated the prospect of investing nearly $200 billion for 11 new chip-making plants in Texas...
ECB Raises Rates by Half-Percentage Point in First Hike Since 2011
FRANKFURT—The European Central Bank raised interest rates by a larger-than-expected half-percentage point and unveiled a new plan to buy the...
Airlines Are Making Money Again, but They Can’t Keep Up With Surging Travel Demand
Rising costs and airlines’ operational stumbles are taking some of the shine off a summer marked by an insatiable appetite...
Amazon to Buy One Medical for $3.9 Billion in Healthcare Deal
One Medical offers healthcare services in person and provides access to virtual care. A One Medical practice in Park Slope,...
Protesting Truckers Pledge Extended Blockade of Port of Oakland
Truckers say they are prepared to block the West Coast’s third-busiest container port until California Gov. Gavin Newsom listens to...
Macau Casinos to Reopen Saturday After Covid-19 Shutdown
Casinos in the gambling hub of Macau will be allowed to reopen Saturday after a nearly two-week shutdown amid a...
Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown
Tesla’s second-quarter production was limited by Covid-related restrictions in China and supply-chain disruptions. Photo: jade gao/Agence France-Presse/Getty Images Updated July...
U.S. Home Prices Hit New Record of $416,000 in June as Sales Continued to Slide
The median existing home price hit another record in June, rising to $416,000, and sales declined for the fifth straight...
Netflix Loses Nearly 1 Million Subscribers, Vows Rebound
Netflix Inc. NFLX 5.61% suffered two consecutive quarters of subscriber losses for the first time in its history, and said...
CDC Recommends Novavax’s Covid Vaccine for Adults 18 and Older
The Centers for Disease Control and Prevention on Tuesday recommended the use of Novavax Inc.’s Covid-19 vaccine, the final hurdle...
Twitter-Musk Trial Set for October in Lawsuit Over Stalled $44 Billion Takeover
Chancellor Kathaleen St. Jude McCormick, the chief judge of the Delaware Chancery Court, ordered a five-day trial in October, over...
