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WSJ News Exclusive | Amazon Wants Its NFL Coverage to Come in Different Flavors

Admin1 August 2022

Amazon. AMZN 0.33% com Inc. is looking to draw in new audiences to its “Thursday Night Football” coverage by having a group of guys known for their comedy routines and...

Business

Starbucks, Uber, CVS to Report Earnings Amid Shrinking Economy

Admin30 July 2022

About 30% of S&P 500 companies are slated to report earnings in the coming week, according to FactSet. Two Dow Jones Industrial Average components—construction-equipment company Caterpillar Inc. and biotechnology company...

Business

WSJ News Exclusive | Jack Ma Plans to Cede Control of Ant Group

Admin29 July 2022

HONG KONG—Billionaire Jack Ma plans to relinquish control of Ant Group Co., people familiar with the matter said, part of the fintech giant’s effort to move away from affiliate Alibaba...

Business

Amazon Posts Net Loss for the Second Straight Quarter as It Manages Slower Demand

Admin29 July 2022

Amazon.com Inc. AMZN 1.08% reported slowing sales and a net loss for the second straight quarter, as strength in the tech giant’s cloud-computing business was outweighed by continued weakness in...

Business

Shopify Warns of Losses for the Full Year, After Job Cuts

Admin27 July 2022

Shopify Inc. SHOP 6.18% posted a quarterly loss and warned it would post losses in the rest of the year as e-commerce growth slows, a day after the company said...

Business

WSJ News Exclusive | Activist Elliott Management Holds Stake in PayPal

Admin27 July 2022

Activist investor Elliott Management Corp. has a stake in PayPal PYPL -5.65% Holdings Inc., according to people familiar with the matter. The size of Elliott’s stake and its intentions couldn’t...

Business

WSJ News Exclusive | Shopify Says It Will Lay Off 10% of Workers, Sending Shares Lower

Admin27 July 2022

Shopify Inc. SHOP -14.06% is cutting roughly 1,000 workers, or 10% of its global workforce, rolling back a bet on e-commerce growth the technology company made during the pandemic, according...

Business

Alibaba to Pursue Primary Listing in Hong Kong

Admin26 July 2022

HONG KONG—Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as regulatory pressure on Chinese companies grows on both sides of...

Business

Walmart Cuts Profit Outlook as It Lowers Prices to Move Goods

Admin26 July 2022

Walmart Inc. WMT -0.14% warned that higher prices for food and fuel were causing consumers to pull back, an ominous sign for the U.S. economy that has relied on resilient...

Business

Apple, Amazon, Meta Highlight Tech-Heavy Earnings Week

Admin23 July 2022

A little more than one-third of S&P 500, or 175 companies, are scheduled to report earnings in the coming week, according to FactSet. The list includes 12 members of the...