WSJ
UAW Reaches Tentative Deal to End Strike at Supplier to GM Trucks
Workers at the former American Axle walked off the job June 1....
2 days ago
Former Exxon CEO Lee Raymond Dies at 87
The driven, unrelenting oil executive remade Exxon into a colossus that for a time became the world’s biggest and most profitable company....
2 days ago
Opinion | Scott Pelley’s Idea of Journalism
Why would anyone think ‘60 Minutes’ is biased? Consider what happened to me....
2 days ago
Oracle Reports Higher Profit on Surging Cloud Revenue
The software and cloud-computing company reported cloud revenue rose 47%, including a 92% increase in cloud infrastructure revenue....
2 days ago
The Debate-Loving German Telecom Exec Plotting a Blockbuster Merger
Timotheus Höttges transformed Deutsche Telekom by doubling down on America’s maverick brand, T-Mobile. His final test is a $300 billion-plus deal....
2 days ago
Opinion | A ‘Millionaire’s Tax’ Is a Tax on Main Street
Wealth taxes like Hawaii’s disproportionately fall on small-business owners....
2 days ago
Opinion | Jill Biden’s Memoir Fails to Convince Readers
The former first lady’s explanations for Joe Biden’s decline raise more questions than they answer....
2 days ago
Why This Hospitality Mogul Thinks Intellectual Property Is King
Miami nightlife magnate and Groot Hospitality founder David Grutman reflects on gaining wealth and the power of IP....
2 days ago
U.S. Crude Oil Inventories Fall for Seventh Straight Week
Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 7.2 million barrels in the week ended June 5. They were expected to have fallen by 2.9 million barrels, according to a Wal...
2 days ago
Bill Gates Tells Congress His Affairs Had Nothing to Do With Epstein
Billionaire says ‘I have never victimized anyone’ and it was a mistake to ever meet with Jeffrey Epstein...
2 days ago
DCC Says It Intends to Accept Revised $7.6 Billion KKR Consortium Offer Proposal
DCC said it would recommend an improved takeover offer from private-equity firms KKR and Energy Capital Partners to shareholders if a formal offer is made....
2 days ago
Norway’s Kongsberg Gruppen Targets Sharp Rise in Revenue
The Norwegian defense group aims to more than quadruple its revenue in the coming years, buoyed by the development of new products and the continued rise in global military spending....
2 days ago
Novelis, Top Aluminum Supplier to Ford, to Restart Plant After Fires
Two fires at the upstate New York facility last year proved extremely disruptive to the auto industry....
2 days ago
EU’s Budget Watchdog Criticizes Energy-Spending Rule Change
A move to exempt government spending on reducing the use of fossil fuels from the bloc’s budget rules could be misused and repeat mistakes from the 2022 energy shock....
2 days ago
Chewy Cuts FY Outlook Despite Higher Sales, Profit
The online pet-supplies retailer said it now expects net sales to come in between $13.4 billion and $13.55 billion this year, down from a prior forecast of $13.6 billion to $13.75 billion....
2 days ago
19 Things to Know About Gwynne Shotwell, SpaceX’s President
Elon Musk’s trusted lieutenant has a ritual for launch days and put a Starlink on the roof of her car....
2 days ago
Oil Prices Set to Keep Rising Even After Iran Conflict Ends, Shell Boss Says
Upside pressure on prices will be a story for the longer term, Wael Sawan said at the WSJ Leadership Institute CEO Summit on Wednesday. “All the easy oil and gas has been found.”...
2 days ago
Now Is a Good Time to Buy Into America’s Mega Utility Merger
The largest U.S. utility is about to buy Dominion Energy, a big peer with data-center exposure. What’s not to like?...
2 days ago
America’s Four-Year Trucking Slump Is Finally Over
Freight rates are climbing after hundreds of thousands of carriers were driven out of the industry by low earnings, new regulations....
2 days ago
WH Smith Shares Hit 16-Year Low After Guidance Cut, Fundraising
Shares fell 17% after the retailer launched a capital raising to boost its balance sheet following a downturn in conditions due to the Middle East war....
2 days ago
Anti-Nvidia Data Center Startup Is Valued at $1.55 Billion in New Funding Round
TensorWave will use a fresh $350 million to fill more data centers with chips from AMD, an investor....
2 days ago
U.K. Needs to Take More Risks to Retain Startups, Business Secretary Says
The government has taken stakes in startups like Kraken, Wayve and Oxford Quantum Circuits in recent weeks, in a bid to prevent them from moving out of the country to look for funding....
2 days ago
Volvo Says Current Trading Remains Solid as it Moves to Make Earnings More Resilient
At the same time, it cautioned that cost inflation is trending upwards, with the CFO saying the company was starting to see an impact on raw material costs from the Middle East conflict....
3 days ago
Autonomous-Truck Company Einride to Begin Trading on Nasdaq
The Swedish company’s trading debut comes after it completed a merger with a blank-check firm in a transaction that valued Einride’s equity at $1.35 billion before proceeds from the deal....
3 days ago
UniCredit Says Commerzbank Stake Increased to 37.7% After Latest Acceptances
The Italian bank also holds financial contracts that give it exposure to an additional 16.4% stake in Commerzbank, according to a regulatory filing, with one week to go for the offer period....
3 days ago
Sigma Healthcare in Preliminary Talks to Buy U.K.’s Boots
Australia’s Sigma Healthcare said it is involved in early discussions about a potential acquisition of U.K. drugstore chain Boots....
3 days ago
Musk Looks to an Army of Loyalists to Help Make Him a Trillionaire
The SpaceX IPO is expected to set records Friday and mark a new pinnacle in Wall Street’s retail revolution....
3 days ago
Casey’s General Stores Results Helped by Pizza Sales
The Ankeny, Iowa company pointed to strong sales of whole pizzas as well as appetizers and sides, in addition to strength in nonalcoholic beverages....
3 days ago
Los Angeles Stadium Workers Reach Deal to Head Off World Cup Strike
The union said the lowest-paid workers at SoFi Stadium would get a big pay raise to $40 an hour....
3 days ago
Cracker Barrel Posts Surprise Profit, Lifts Outlook for Year
The restaurant chain lifted its full-year outlook after reporting a higher profit in the fiscal third quarter, defying investor expectations of a loss....
3 days ago
Opinion | CBS and the Cost of Not Apologizing
Scott Pelley wanted to stay; the network wanted him to stay. The rest was snafu....
3 days ago
Being Honest About Low Inventory Can Pay Off for Online Retailers
Alerting shoppers that an item might be out of stock leads to more customer loyalty and higher spending per order, according to a study....
3 days ago
The Public Now Backs Nuclear Energy. What Will It Take to Make It Happen?
Interest has accelerated as the tech industry touts the technology as a solution to the electricity demands of artificial intelligence....
3 days ago
Auto & Transport Roundup: Market Talk
Find insight on A.P. Moller-Maersk, Lufthansa and more in the latest Market Talks covering Auto and Transport....
3 days ago
SpaceX Employees Get a Crash Course in How the Rich Handle Money
The life-altering fortunes will require navigating if and when to sell shares, and the strategic alternatives....
3 days ago
Broadcom, Apollo, Blackstone Launch $35 Billion AI Infrastructure Platform
Broadcom said it will partner with Apollo Global Management and Blackstone’s credit and insurance business to launch a platform backed by an initial $35 billion to finance artificial-intelligence infr...
3 days ago
BP Names Heads of Newly-Created Segments as Part of Simplification Push
Gordon Birrell will head its upstream division and Richard Harding was named interim head of downstream as BP implements a restructure to simplify operations and speed decision-making....
3 days ago
J.M. Smucker Expects Sales to Fall This Year
J.M. Smucker guided for sales to decline in the coming year as it leans away from price increases, looking instead to drive volume growth in key areas and improve profitability....
3 days ago
Chrysler Recalls Vehicles Whose Power Steering Wiring May Overheat, Catch Fire
The recall covers roughly 1.08 million vehicles, including Jeep Wrangler and Jeep Gladiator models manufactured between 2021 and 2025....
3 days ago
U.S. Small-Business Confidence Ticked Down in May
The National Federation of Independent Business said that its small-business optimism index fell 0.6 points to 95.3 in May, remaining below its 52-year average of 98.0....
3 days ago
A Rush to Stockpile Oil Will Keep Prices Higher for Longer
Countries will build larger emergency crude reserves to reduce their vulnerability to future energy shocks....
3 days ago
GSK to Buy Nuvalent for $10.6 Billion in Oncology Push
The acquisition is set to give GSK ownership of three drug candidates for lung cancer, two of which are under FDA review for approval this year....
4 days ago
A New Front Is Opening in the Fight to Break China’s Rare-Earth Dominance
Brazil holds the world’s second-largest reserves and wants to become a processor of critical minerals—but it refuses to choose sides between Washington and Beijing....
4 days ago
University Endowments Are About to Strike It Big on the SpaceX IPO
Some schools have a tenth or more of their endowments in Elon Musk’s rocket company....
4 days ago
OpenAI Files for IPO
Plus, the Trump administration’s $100,000 H-1B visa fee is declared unlawful, and private racetracks zoom into view....
4 days ago
Opinion | High-Tech Seeks Skilled Tradesmen
A new program will pay workers as they train and promise them jobs building new digital infrastructure....
4 days ago
Opinion | Delcy Rodríguez Invades My Home
This loss is personal, but it should also be a warning to investors....
4 days ago
Meta Launches ‘Workforce Academy’ to Train Workers to Build Data Centers
The five-week program, which is free of charge and guarantees a job, follows a recent layoff of 8,000 employees....
4 days ago
Perrigo CEO Ousted Over Personal Conduct
Perrigo Chief Executive Patrick Lockwood-Taylor has resigned after the board found his personal conduct had violated company code....
4 days ago
Vail Resorts Cuts Outlook Again as Weather Weighs on Visits
The ski-resort operator said weather conditions remained extremely unfavorable during the recent quarter, weighing on visits and revenue, particularly at Vail’s resorts in the Rockies....
4 days ago
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