China’s EV Sales Broke Record in 2022 as Overall Auto Market Stalled
Rising retail demand for electric and plug-in hybrid vehicles boosted the auto market as traditional-car sales slipped 13%. Source link
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GOP House Takes First Swipe at IRS Money
PoliticsFirst legislation from new Republican majority would rescind billions in funding for tax agency Source link
Lululemon Shares Tumble on Profit Warning for Holiday Quarter
The athletic-gear maker’s earnings targets came in below Wall Street’s expectations. Source link
Deere to Allow Farmers to Repair Their Own Equipment
BusinessAgreement aims to ensure farmers, independent repair shops can fix increasingly high-tech tractors Source link
Tech Industry Reversal Intensifies With New Rounds of Layoffs
TechCompanies that grew rapidly during pandemic are now reducing spending and staffing, sometimes repeatedly Source link
Economy Week Ahead: Consumer Inflation in Focus
EconomyEconomy Week AheadU.S. and Chinese governments to report latest price trends Source link
Public Transit Goes Off the Rails With Fewer Riders, Dwindling Cash, Rising Crime
By Jimmy Vielkind Jan. 8, 2023 1:08 pm ETListen to article(2 minutes)Several of the nation’s largest urban mass-transit systems are...
Elon Musk Seeks to Move Trial Over Tesla Tweets, Saying San Francisco Jurors Are Biased
TechBillionaire says negative local publicity surrounding his management of Twitter will prevent a fair trial Source link
New Alzheimer’s Drug Leqembi Will Be Out of Reach for Most Patients
HealthMedicare won’t pay for medicine under rule issued to restrict use of earlier drug whose approval generated controversy Source link
The Future of Car Technology, as Seen at CES 2023
Color-changing cars. Flying taxis. And a gaming-style tablet that can steer a vehicle. Car companies descended on CES in Las...
The Race to Build the ‘Yellowstone’ Universe
Amid tight deadlines and freezing temperatures, Paramount churns out prequels to generate programming for its streaming service and capitalize on...
The Executive Who Made Winter Gear High Fashion
In Personal Board of Directors, top business leaders talk about the people they turn to for advice, and how those...
Fed’s Barkin and George Say Inflation Fight Isn’t Over Despite Promising Signs
Inflation readings have been encouraging recently, but the Fed’s fight against rising prices isn’t over, the leaders of the Richmond...
Beer Sales Drop as Consumers Balk at Higher Prices
BusinessU.S. demand for beer fell at the end of last year after a strong run of defying inflation Source link
Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023
Employers added 223,000 jobs in December, the smallest gain in two years Source link
Southwest’s December Meltdown to Cause Quarterly Loss
The airline said it lost up to $425 million in revenue after it canceled more than 16,700 flights in the...
Samsung Expects Big Drop in Profit on Slumping Tech Demand
High inflation and weak economies hit sales of memory chips and smartphones. Source link
Stitch Fix to Cut 20% of Salaried Jobs, CEO Stepping Down
The personal shopping and styling company’s chief executive, Elizabeth Spaulding, had been in the position for less than 18 months...
Regulations Set to Be Issued This Year Will Determine Course of Deep-Sea Mining
Deep-sea mining for battery materials has gained significant interest over the past year, but 2023 is set to be a...
U.S. Auto Sales in 2022 Worst in Over a Decade
BusinessAutos & TransportationAutos IndustryGM bucked last year’s industry declines to regain U.S. sales crown from Toyota Source link
