WSJ
PulteGroup Net Down as Mortgage Rates Weigh on Home Sales
PulteGroup’s third-quarter net income and revenue fell sharply as elevated mortgage rates slowed sales of its luxury homes and weighed on prices....
5 days ago
PE Firms Are Holding Investments Longer—and Changing Leaders More
Plus, Meta loses in data-privacy case....
5 days ago
Musk’s Tesla-SpaceX Merger Would Formalize a Decadeslong Partnership
Plus, attack on a Saudi Arabian airport killed one person and Iran’s fleet of shadow tankers has run out of oil....
5 days ago
Carrier Plans $600 Million Texas Plant to Make Cooling Gear for AI Data Centers
The plant, Carrier’s biggest-ever investment, comes amid a surge in sales to data-center customers....
5 days ago
Aramco CEO Says East-West Pipeline Capacity Could Reach 10 Million Barrels a Day
Saudi Aramco is working to increase the capacity of its East-West oil pipeline network to 10 million barrels a day as the kingdom seeks to strengthen alternative export routes....
5 days ago
UCB Shares Jump After Demand for Immunology Drug Bimzelx Boosts Outlook
Shares were up 13%—erasing losses in the year to date—after the company raised its annual guidance for the second time this year, citing strong U.S. demand for its blockbuster drug....
5 days ago
Oil Prices Rise More Than 2% as Attacks on Saudi Arabia, U.S.-Iran Risks Persist
Oil prices rose with Brent climbing above $111 a barrel as traders weighed renewed attacks on Saudi energy infrastructure and the risk of further U.S.-Iran hostilities against recovering Middle East o...
5 days ago
Energy Security Concerns Spur U.K. to Preserve Gas Pipelines to Europe
The pipelines are only used occasionally but give the U.K. greater flexibility to tap gas from other sources in times of high demand, such as severe winters....
5 days ago
Japan’s Top Labor Union Targets Big Pay Bump, in Line With BOJ Aims
The Japanese Trade Union Confederation, known as Rengo, will demand wage hikes of at least 5% at the shunto negotiations that take place every spring between the country’s unions and employers....
5 days ago
Nestle Sales Get Boost From Rebound of Petfood, Hot Pockets in America
Nestle booked a rise in sales for the third quarter due to a revival of its snacking businesses in the Americas....
5 days ago
Hermes Sales Growth Slows as Luxury Backdrop Remains Tough
Hermes said sales growth lost pace in the third quarter, as hopes of a recovery in luxury demand dwindle....
6 days ago
London Stock Exchange Group Agrees to Buy Octus From Permira For $3.5 Billion
The stock-exchange and financial-information company said last week that it was in talks over the deal to buy the credit intelligence, data and workflow provider from Permira....
6 days ago
Barclays Pretax Profit Misses Estimates on Fixed-Income Weakness
The British bank reported lower-than-expected pretax profit despite a stronger equities performance as fixed-income earnings sank....
6 days ago
Nokia Reports Continued Strength From AI, Data-Center Rollout
Sales in network infrastructure—the unit that houses AI and data-center networking technology—rose 17% on year, driven by demand from AI and cloud customers in the Americas....
6 days ago
Roche Posts Higher Sales on Growth Across Pharma, Diagnostics Units
Roche reiterated its full-year guidance and said it is prepared to launch its giredestrant breast-cancer pill later this year....
6 days ago
Kuehne + Nagel Lifts Guidance Again After Growth Across Business
The Swiss transport and logistics company said demand from cloud infrastructure and semiconductor customers is driving volume growth....
6 days ago
Thales Boosts Sales Forecasts as Defense, Aerospace Orders Surge
Thales lifted its sales projections for the year as orders at its defense and aerospace units surged in the first nine months....
6 days ago
Tesla Logs Surge in European Monthly Sales
Elon Musk’s electric-vehicle maker kept gaining ground in a region where Chinese rivals are also growing strongly....
6 days ago
Oil Rises as Geopolitics Back in Focus After AI Jitters Ease
Oil rose and Asian equities were lower as the spotlight returned to Middle East geopolitical developments after artificial-intelligence jitters eased....
6 days ago
SpaceX and Tesla Are Joined at the Hip. A Merger Would Make It Formal.
For decades, Elon Musk has mixed resources and ambitions at his two largest companies....
6 days ago
He Self-Funded a $45-Million Nicolas Cage Movie. Then It Was Stolen.
A little-known producer sued Netflix for $105 million after a drive containing the film went missing from the streamer’s offices....
6 days ago
Mark Zuckerberg Discussed Leaving California Over Wealth Tax
The Meta CEO feared a proposed billionaire tax in the state would force a major share sale, threatening his voting control of the company....
6 days ago
How Does the Ukrainian Military Use Starlink?
Ukraine is using a basic Starshield service, which uses Starlink’s standard equipment with different features...
6 days ago
Mattel Adds Board Member As Activist Investor Pressure Mounts
Mattel named an executive from one of its largest shareholders, EdgePoint Investment Group, to its board of directors....
6 days ago
Meta Is Getting Creative to Fund Its Massive AI Investments
Plus, the Starlink slowdown hurt Ukraine’s ability to stop Russian attacks, and U.S. special envoy Steve Witkoff praised Vladimir Putin as a ‘humanitarian.’...
6 days ago
Tesla Reports Flat Revenue, Increased Cash Flow as SpaceX Merger Talk Looms
Elon Musk, who leads both companies, said merging the companies “would be a good idea.”...
6 days ago
Southwest Cuts Earnings Outlook Amid Rising Fuel Costs
The Dallas-based carrier now expects adjusted earnings per share to be $2.60 to $2.85 this year as fuel costs continue to weigh on airlines’ margins....
6 days ago
Meta Will Split Stock, Create New Class to Fund AI Spending
The company, which reported record revenue of $64.6 billion for the third quarter, said the new stock won’t affect Mark Zuckerberg’s voting control....
6 days ago
Texas Instruments Posts Higher Profit, Revenue
The Dallas-based semiconductor company posted a profit of $2.43 billion on broad based growth led by industry, automotive and data center....
6 days ago
CSX Logs Higher Profit, Revenue on Rising Freight Volumes
The railroad operator reported a profit of $1.05 billion and revenue of $4.02 billion in the third quarter, driven by fuel surcharges and higher freight volumes....
6 days ago
IBM Reports Higher Profit as Some Slipped Deals Come Through
IBM reported a higher third-quarter profit and growing revenue across its software and infrastructure segments, as it looks to prove to investors that its disappointing second-quarter showing was just...
6 days ago
Canada to Provide Steel, Auto Sectors With Billions to Ease Trade Crunch
It’s Canada’s latest dollop of federal aid for companies that have faced financial strain since President Trump imposed hefty tariffs on foreign-made metals and automotives....
6 days ago
New Mexico Sues Jeffrey Epstein’s Lawyer and Accountant
The lawsuit accuses the pair of helping to finance and conceal sex trafficking at Epstein’s Zorro Ranch....
6 days ago
U.S. Crude Oil Stockpiles Fall More Than Expected
Commercial crude oil stocks decreased by 3.1 million barrels last week. Analysts had expected crude stocks to be down by 300,000 barrels....
6 days ago
EBay to Cut 9% of Workforce in Latest Round of Layoffs
The company said the move, which will affect about 1,000 employees, aims to help it focus its resources on its top priorities, and that it would continue to hire in certain areas aligned with its stra...
6 days ago
Coterie Targets Uneven Mental Load in Parenting With an Ad in Golf Digest
Plus, a decade-old ‘timeless ticket’ promotion creates a customer service nightmare for the Milwaukee Brewers during their historic World Series run....
6 days ago
Abbott to Carve Out Nutrition Business Into Independent Company
Abbott plans to separate its nutrition business into an independent company, which is set to house electrolyte-beverage brand Pedialyte, as well as infant-formula brand Similac, with about $8.5 billio...
6 days ago
Philip Morris Profit Falls Despite Higher Sales
Philip Morris International reported higher revenue in the latest quarter, though profit fell as the company faced inflationary pressures and stepped up its investments....
6 days ago
Akzo Nobel in Talks to Shed European Refinishing Unit for Axalta Merger Nod
EXCLUSIVE: Akzo Nobel is seeking to secure regulatory clearance for its proposed merger with U.S. peer Axalta Coating Systems, the company’s chief executive said....
6 days ago
Trump Hands Out $8 Billion to Farmers; Kroger Targets Earnings Growth
Also, Amazon to hire 300,000 workers for the holidays....
6 days ago
AT&T Lifts Profit Outlook on Continued Postpaid Phone, Internet Growth
AT&T boosted its full-year profit outlook after adding further subscribers for its postpaid phone service in the third quarter....
6 days ago
Musk Ordered Starlink Slowdown That Crippled Ukraine’s Drones and Sowed Panic in Kyiv
Plus, autism-therapy workers say big chains pressured them to boost treatment hours, and NYSE is getting trounced in the battle for Wall Street’s biggest IPOs....
6 days ago
Carrefour Shares Slump After Group Trims Guidance, Citing French Riots
The stock fell more than 13% after the grocer cut its profitability targets for the year, expecting the protests in France to cast a pall over sales....
6 days ago
Michelin Shares Drop on Weaker Volumes
The stock fell after the tire maker’s volumes were weighed by lower sales of tires directly to automakers, however replacement tires proved more resilient....
6 days ago
Shares in Ray-Ban Maker EssilorLuxottica Gain as AI Glasses Continue to Shine
The stock surged after the eyewear group reported continued revenue strength at its AI-powered smartglasses business, though analysts warn that momentum may begin to tail off....
6 days ago
Randstad Shares Rise After Company Flags Improving Trends
The stock jumped after the staffing company’s results beat expectations at the top and bottom lines and flagged an improvement in trends. Shares in peer Adecco also climbed....
6 days ago
Jackdaw Gas Field Gets Green Light from U.K. Government
The decision allows Shell and Equinor joint venture Adura to begin operations within weeks....
6 days ago
Oil Prices Rise as Hormuz Shipping Risks Persist
Oil prices rebounded from the previous session’s losses as traders weighed renewed threats to shipping through the Hormuz Strait and attacks targeting Saudi Arabia against a recovery in Middle East oi...
1 week ago
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