Wall Street Journal
Harrods Fights With Al Fayed Estate Over Hundreds of Sex Abuse Claims
The London retailer wants the billionaire’s estate to pay for settlements and seeks to remove his widow as executor....
Vibe-Coding Startup Lovable Hits $13 Billion Valuation
New funding round catapults AI company into the ranks of Europe’s most valuable startups....
AI Spending Snuffs Out Tencent’s Profit-Growth Run
Tencent has reported promising progress on the AI front in recent months, including the release of its Hy3 model....
Vestas Wind Systems Shares Jump on Earnings Growth, Margin Upgrade
The wind-turbine maker posted higher second-quarter earnings and improving profitability, enabling the company to increa...
Hormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says
Global oil demand is set for a deeper contraction this year as renewed hostilities in the Middle East and shipping disru...
Foxconn’s AI Hardware Sales Drive Profit Beat
The Taiwanese company reported another strong quarter as it boosted production of servers and other tech hardware for th...
ABN AMRO Bank Boosts Guidance as Profit Jumps
The bank’s operating income climbed 13% in the second quarter while its net interest income rose 11%....
Hannover Re Posts Lower Net Profit on Currency Hit
The company said it remains on track to achieve full-year guidance despite operating in an increasingly challenging mark...
Japanese Self-Driving Startup Plans U.S. Office, Targets $10 Billion IPO Valuation
Turing is targeting mass production of its driver-assistance software for cars in Japan and the U.S. by 2030....
Cracker Barrel’s CEO Was Plotting a Turnaround—but Opened the Door to Her Own Exit
Julie Masino quietly blessed efforts to find her successor as she publicly charted a path out of a controversial rebrand...
Will Paramount Leave California? Executives Say It’s on the Table
CEO David Ellison has suggested a possible move as the antitrust battle drags on over the company’s Warner Bros. deal....
The StubHub Customers Who Battled for Tickets—and Battle Harder for a Refund
The company faces complaints of lengthy fights to get money back; stranded outside a World Cup game...
Blackstone, La Caisse to Buy 25% of Air Canada’s Aeroplan Loyalty Program
Asset manager Blackstone and Quebec’s La Caisse pension fund have agreed to acquire a 25% stake in Air Canada’s loyalty-...
Constellation Software Posts Higher Profit as Acquisitions Boost Revenue
The Canadian company reported a second-quarter profit of $274 million, up from $56 million a year earlier....
Cava Same-Store Sales Gains Boost Earnings in Second Quarter
The Mediterranean fast-casual restaurant chain posted a profit of $23 million as same-store sales rose 9%....
Super Micro Computer Fourth-Quarter Profit Surges, Sales Nearly Double
The server company reported a quarterly profit of $1.17 billion, up from $195.2 million in the year-ago period....
CoreWeave Reports New Revenue High of $2.6 Billion as Sales Backlog Grows
Mounting order book of $104 billion shows strong demand for cloud computing despite infrastructure challenges and AI-bub...
Mamdani Takes on Amazon in New Battle Over New York’s Delivery Workers
A city council bill backed by the mayor would require big delivery operators to directly employ couriers instead of rely...
Opinion | Don’t Hand America’s Auto Future to Beijing
Our automakers aren’t competing against Chinese companies in a free market. They are competing against the Chinese gover...
The Multimillion-Dollar Battle Between Musicians and Their Bootleggers
The K-pop group BTS angered fans after the band’s management company filed lawsuits against bootleggers: “They’re just h...
Bezos Is Among Investors Nearing Deal for Stake in Liverpool Soccer Team
Investors aim for an agreement with Fenway Sports Group at an $8 billion valuation, with an option to acquire the rest o...
Target Hires First Chief AI Officer in Retail’s Latest Tech Push
The retailer said it would bring on two executives to focus on AI and user experience capabilities, a crucial element of...
Longtime OpenAI Exec Brad Lightcap to Step Down
Lightcap, who had served as operating chief of OpenAI since 2022 after joining the company in 2018, said he was leaving ...
On Holding Tempers Outlook as Running-Shoe Sales Underwhelm
The Swiss running-shoe maker now expects sales to grow in the low-20% range for the year after it deliberately stymied g...
Curaleaf Plans Hostile Bid for Rival Aurora Cannabis
Curaleaf plans to launch a $272 million unsolicited takeover bid to acquire Canadian cannabis company Aurora after its b...
Flight-Tracking Platform Sues Kalshi Over Flight Cancellation Prediction Markets
FlightAware says such markets could encourage unsafe tactics to cause cancellations and create the potential for disrupt...
Yankees Strike $2.6 Billion Financing Deal With Apollo Sports Capital
Yankee Global Enterprises, the parent company of the New York Yankees, said it reached a $2.6 billion financing agreemen...
Food Companies Dodge Crackdown in RFK Jr.’s Proposal on New Additives
Some trade groups and food-safety advocates find that a rule aimed at increasing transparency has limitations....
Hollywood Mogul Ari Emanuel to Buy Theater Giant in $6 Billion Deal
The media mogul’s live entertainment business Mari Group said it had agreed to buy Britain’s ATG Entertainment from a pr...
Cardinal Health Logs Mixed Sales, Sees Growth in New Year
Cardinal Health had a mixed fiscal fourth quarter in terms of sales across its two main business lines, but expects reve...
U.S. Small Business Confidence Rose Last Month
The National Federation of Independent Business said that its small-business optimism index rose to 99.8, its highest le...
An Oil Refiner That Fled California Is Back—With a Giant Pipeline From Texas
Phillip 66’s 900-mile pipeline will carry gasoline, diesel and jet fuel from the Texas Panhandle to Phoenix and Los Ange...
Smithfield Foods Cuts Outlook as Sales Fall
Smithfield Foods cut its outlook for the year, citing continued macroeconomic pressures, as sales fell during the recent...
States Scrutinize Voter Rolls as Debate Over Election Security Heats Up
Plus, a Tesla-SpaceX merger gives Elon Musk a shortcut to his $1 trillion payday, and the University of Michigan drops f...
Shareholder Proposal Filings Are on the Wane
America’s Mortgage King Lost $600 Million and Needed a Rescue
Billionaire Mat Ishbia was in trouble after a failed takeover and mistimed bets on interest rates....
China’s Auto Market Weakens Further on Subdued Domestic Demand
China’s auto sales fell in July, as higher oil prices and a weak macro environment weighed on demand....
English (US) 