WSJ

Archer Aviation Launches Air Taxi Fleets in Texas

The air taxi networks will be in Austin, Houston and the Dallas-Fort Worth area, with the goal of increasing connectivity between major airports, business hubs and tourist destinations....

4 days ago

Eni to Sign up to $1.8 Billion of Infrastructure Contracts for Cyprus Gas Project in Coming Days, Sources Say

The contracts involve building subsea infrastructure that will help extract, treat and send gas to Egypt via underwater pipelines, according to people familiar with the matter....

4 days ago

LKQ Ousts CEO, Warns of Third-Quarter Shortfall

The automotive parts-and-services company ousted its chief executive and launched a review of its European operations after a disappointing quarterly performance. Shares sank....

4 days ago

Country Clubs Beat Their ‘Expiration Date’ by Rebranding Exclusivity

Plus, how much would an ad business in Muse help Meta pay for all that AI?...

4 days ago

Canada Retail Sales Look to Build on August’s Rebound

Canadian household spending looks to have been on the rise as the last quarter ended, with retail sales last month building on a rebound in August....

4 days ago

Tanker Carrying Russian Diesel Signals U.S. Port After Trump-Putin Deal

A tanker carrying Russian diesel intermittently signaled it was headed to the U.S., potentially marking a resumption of direct shipments amid Trump’s push to increase fuel supplies to global markets....

4 days ago

Rogers Communications Profit Drops on Comparison, Revenue Rises

Rogers Communications reported a decline in third-quarter profit, due to a large prior-year accounting gain, but adjusted profit topped expectations on higher revenue....

4 days ago

Booz Allen Lifts Earnings Outlook as Profit Climbs

Booz Allen Hamilton raised its full-year earnings outlook, after profit climbed in its latest fiscal quarter, even as revenue fell....

4 days ago

SLB Logs Higher Revenue as Business in the Middle East Recovers

SLB reported higher third-quarter revenue as business in the Middle East began to gradually recover, following a challenging start to the year....

4 days ago

American Express Raises Profit Outlook on Increased Member Spending

American Express raised its full-year earnings forecast to between $18.30 and $18.60 a share as customer spending continues to rise....

4 days ago

Railroads Gain as Cargo Shifts to Rail From Highways

Plus, U.S. Steel plans to invest almost $3 billion on a new mill near Pittsburgh, and wars are forcing airlines to reroute flights....

4 days ago

What Makes A Great Board?

WSJ Leadership Institute’s Best Boards list highlights experience, strong governance...

4 days ago

The Morning Risk Report: The Signal Chats That Cost OpenAI Researchers Their Jobs

Plus: Inside U.S. push to put nuclear reactors in ports and on cargo ships and what to know about the AI-triggered cybersecurity crisis....

4 days ago

The Best Boards (and the Factors That Make Them)

4 days ago

Oil Majors’ Quarterly Earnings in Spotlight With Refineries Set to Gain

Tightness in global fuel markets is driving refining margins to all-time highs, making refineries a key earnings driver for oil majors....

4 days ago

SK Hynix Pauses IPO of Memory-Chip Unit as AI Valuation Fears Mount

The decision to pull Solidigm’s U.S. public debut comes amid deepening investor caution toward artificial-intelligence valuations....

4 days ago

Shares in Gucci-Parent Kering Plunge as Hoped-For Recovery Keeps Receding

The French luxury-fashion house’s sales fell on a 6% drop at Gucci that makes up not far from half of the group’s revenue....

4 days ago

Oil Prices Rise as Middle East Risks Persist

Brent climbed above $114 as traders weighed the risk of renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure against recovering Middle East oil supplies....

4 days ago

Eni Shareholders Set for Cash Boost After Earnings Double

The company kicked off earnings season for energy majors with an extraordinary dividend and buyback hike on exceptional refining margins....

5 days ago

Volvo Car to Cut 2,500 Jobs as Part of Plan to Cut Costs Further

The carmaker—majority-owned by China’s Zhejiang Geely Holding Group—said it needed to reinforce its turnaround plan with additional decisive actions....

5 days ago

Safran Confirms Guidance as Revenue Jumps

The French aerospace-industry supplier said the metric was pushed higher by double-digit growth across its propulsion and equipment and defense units....

5 days ago

See How Airlines Are Navigating the Dangerous Skies to Avoid Global Conflicts

Deadly global conflicts have completely disrupted civil aviation, leaving options for safe journeys fewer and farther between....

5 days ago

I Took America’s Cheapest EV Into the Charging Desert of the Deep South

Readers challenged our columnist to take an affordable electric car on a route with less-than-ideal charging options. Here’s what happened....

5 days ago

Iran Threatens Wider Strikes on Economic and Civilian Targets if U.S. Attacks

Tehran retains missile and drone stockpiles, and Washington is trying to move more servicemembers and diplomatic staff out of harm’s way....

5 days ago

Weil Gotshal Bleeds More Top Lawyers as It Holds Merger Talks

Partners are leaving for rivals including Sidley Austin and Davis Polk, increasing pressure on the law firm to secure its future....

5 days ago

Boston Beer Logs Lower Profit, Revenue Amid Bleak Beer Market

The brewer posted a third-quarter profit of $43.2 million, down from $46.2 million a year earlier, as demand for beer continues to fall....

5 days ago

Opinion | New Mexico Tries to Censor Meta

A judge and the state AG say Facebook didn’t block enough political speech....

5 days ago

Opinion | U.K. Labour’s Ceasefire in the War on Gas

Even parts of the European left now admit they need fossil fuels....

5 days ago

Sallie Mae Cuts Full-Year View After Logging Higher Charge-Offs

The private student loan company, formally SLM Corp., now expects earnings per share for the year to be $1.95 to $2.05, down from its earlier guidance of $3.10 to $3.20....

5 days ago

Trump Spoke to Musk About Ending Ukraine’s Starlink Speed Caps

Plus, the DOJ is reviewing allegations against a former Homeland Security adviser, and Meta’s hunt to fund its AI build-out spooked investors....

5 days ago

Newmont Logs Higher Profit, Revenue on Higher Gold Sales

The gold producer posted a third-quarter profit of $2.48 billion, up from $1.83 billion a year earlier....

5 days ago

Deckers Cuts Sales Outlook Amid Slower Hoka, Ugg Growth

The company now expects annual sales to be $5.7 billion to $5.73 billion as it projects slower growth for its Hoka sneaker and Ugg shoe brands....

5 days ago

Western Digital Profit Grows on Data Storage Demand

The company reported a profit of $1.78 billion in the fiscal first quarter, driven by continued data storage demand and improved pricing....

5 days ago

Trump Must Sit for Deposition in BBC Lawsuit, Judge Orders

The president sued the broadcaster for defamation over its editing of his speech in a documentary about Jan. 6, 2021....

5 days ago

Inside the U.S. Push to Put Nuclear Reactors in Ports and on Cargo Ships

Federal agencies are teaming up with startups to deploy floating power barges and nuclear cargo fleets....

5 days ago

Kering’s Sales Lose Steam in Struggling Luxury Market

The owner of Gucci, Bottega Veneta and other high-end labels booked a 1% decrease in revenue as the luxury market continues to see a sharp drop in demand....

5 days ago

Nippon’s U.S. Steel to Invest Nearly $3 Billion in Hot Strip Mill Near Pittsburgh

U.S. Steel said the investment will replace aging equipment with modern steelmaking technology, increasing annual production capacity to about 3.5 million tons from 2.2 million tons....

5 days ago

Opinion | Oil Today, Crisis Tomorrow

The movie ‘Three Days of the Condor’ provides insight....

5 days ago

Dow’s Profit Rises Sharply on Cost Cuts, Sales Growth

The Midland, Mich., chemicals company posted third-quarter earnings of $458 million, or 62 cents a share, up sharpy from $62 million, or 8 cents a share, a year earlier....

5 days ago

Communications Group Common Interest Buys a Stake in Creative Agency Mirimar

Plus, fund managers turn to elaborate festival-like events as they recruit individual investors for private credit....

5 days ago

SpaceX: A Futuristic Berkshire Hathaway, or Just a Mess?

Elon Musk’s mishmash of businesses will be a maze for investors to evaluate....

5 days ago

Union Pacific Posts Higher Profit, Revenue on Volume Growth

The freight company posted a third-quarter profit of $2.08 billion, or $3.49 a share, compared with $1.79 billion, or $3.01 a share, a year earlier....

5 days ago

Lockheed Martin Bumps Up Yearly Outlook as Backlog Hits Record

The defense contractor’s third-quarter profit came in at $1.85 billion, or $7.97 a share, compared with $1.62 billion, or $6.95 a share, a year earlier....

5 days ago

SAP Weighs New Metric to Showcase AI Impact on Business

The business-software group is working on a metric to convey the impact of AI on its operations to appease investors wanting insight into the tech reshaping the industry....

5 days ago

American Airlines Forecasts Another Quarterly Loss on Surging Fuel Costs

The carrier said revenue is projected to climb 20% to 23% in the fourth quarter, during which it is also on track to post an adjusted loss of 50 cents to $1.10 a share....

5 days ago