Walmart Inc. will shut down Store No. 8, the big-box retailer’s startup incubator and innovation hub, the Wall Street Journal reported on Friday. It’s the latest move by…
Read more Walmart is reportedly closing its innovation hub. It’s the latest in retailer cost cuts.Microsoft Corp. said Friday a Russian hacking group illegally gained access to some of its top executives’ email accounts. In a regulatory filing, the software giant MSFT, +1.22% said…
Read more Russian hacking group accessed Microsoft executive emails, company saysJetBlue Airways Corp. and Spirit Airlines Inc. said late Friday that they have appealed a court ruling that earlier this week blocked their planned merger. JetBlue JBLU, -1.19%…
Read more JetBlue, Spirit Airlines appeal court ruling blocking their proposed mergerBy Joshua Kirby Retail sales fell more sharply than expected in the U.K. in December, offering little succor to a listless economy at the end of the year.…
Read more U.K. Shoppers Bring Little Christmas Cheer as Sales PlungeDepartment-store chain Macy’s Inc. plans to cut 2,350 jobs and close five stores, the Wall Street Journal reported on Thursday, as the company tries to curb expenses and…
Read more Macy’s to lay off 13% of corporate staff, close five storesBy Anthony O. Goriainoff Discount retailer Pepco Group said conflict in the Red Sea has had a limited effect on current product availability, but could hurt supply in…
Read more Pepco Expects Supply Issues if Red Sea Conflict ContinuesDistressed-debt giant Oaktree Capital sees big opportunities in credit unfolding over the next few years as a wall of debt comes due. Oaktree’s incoming co-chief executives Armen Panossian,…
Read more Oaktree Capital calls commercial real estate ‘most acute area of risk’ right nowTOKYO (AP) — Asian shares slid Wednesday after a decline overnight on Wall Street and disappointing China growth data, while Tokyo’s main benchmark momentarily hit another 30-year high.…
Read more Hang Seng leads selloff for Asia stocks, with 4% slump after China dataU.S. stocks appear on course for “another year of flip-flopping market narratives” as falling inflation may “roller-coaster back up” and rattle investor expectations for a “soft landing,” according…
Read more Beware ‘pricey’ stocks as inflation may ‘roller-coaster back up,’ says BlackRockBy Andrea Figueras Roche said that the European Commission approved Tecentriq SC, a cancer immunotherapy subcutaneous injection for multiple cancer types. The Swiss pharmaceutical company said Tuesday that…
Read more Roche's Cancer Injection Tecentriq SC Gets European Commission ApprovalDonald Trump is unlikely to get his wish that a U.S. stock-market crash occurs this year. I’m referring to the former U.S. president’s comments last week that he…
Read more Why Donald Trump is unlikely to get his wish for a 2024 U.S. stock-market crashBy Ed Frankl Industrial output in the eurozone contracted for the third month in a row November, reflecting the continued downturn in the sector. Total production fell 0.3%…
Read more Eurozone Industrial Production Slumped for Third-Straight MonthThe Securities and Exchange Commission on Friday said that a social-media post on X falsely stating that it had approved spot bitcoin exchange-traded funds was created after an…
Read more SEC weighing ‘additional measures’ after hacked post on bitcoin ETF approvalAfter long-awaited spot bitcoin exchange-traded funds made their debut this week, investors are now weighing the prospects of eventual approval of similar ether ETFs. The U.S. Securities and…
Read more After Bitcoin ETFs, watch for the next most popular crypto to go the same routeA tech employee’s recording of the meeting firing her from a sales role at Cloudflare NET, -1.79% has spurred criticism of the company — and a broader conversation…
Read more Even Cloudflare's CEO says that viral firing video is 'painful' — here's what went wrong“‘You’ve decided to rip off fans by exclusively broadcasting tomorrow’s Chiefs vs. Dolphins wild-card game on Peacock. For the first time ever, fans will be forced to choose…
Read more NFL has ‘decided to rip off fans’ with playoff game on Peacock, congressman saysWASHINGTON — The U.S. and British militaries were bombing more than a dozen sites used by the Iranian-backed Houthis in Yemen on Thursday, in a massive retaliatory strike…
Read more U.S., British launch massive retaliatory strike against Houthi rebels in YemenOn Wednesday, the U.S. Securities and Exchange Commission for the first time greenlighted several exchange-traded funds investing directly in bitcoin. But the 24 hours leading up to that…
Read more Bitcoin ETFs finally approved after a chaotic, ‘embarrassing’ 24 hours for SECU.S. stock indexes were edging higher on Wednesday with technology stocks looking to extend gains ahead of the December inflation report, which is expected to shed more direct…
Read more U.S. stocks little changed in cautious trading ahead of inflation report, bank earningsIn an effort to keep up in the accelerating AI arms race, cloud-services provider Hewlett Packard Enterprise Co. on Tuesday agreed to buy Juniper Networks, Inc. in a…
Read more Hewlett Packard Enterprises to buy Juniper Networks in $14 billion deal
