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Business from the Wall Street Journal
- The state’s Supreme Court decision preserves the gig-economy business model.
- The Birkin handbag maker reported higher sales for the second quarter, with wealthy customers helping it defy a global slowdown in demand that is troubling the luxury sector, but flagged signs of weakness in China.
- Deal between the two grocery-store operators has faced regulatory scrutiny since it was announced in October 2022.
- Universal Music Sheds $13 Billion in Market Cap After Streaming Revenue Disappoints
WSJ.com: US Business
The record label behind Taylor Swift, Billie Eilish and Ariana Grande posted revenue growth from subscriptions and streaming services well below what analysts had expected. - Hedge fund Standard General agreed to buy the balance of shares in casino chain Bally’s in a deal that values the firm at about $4.6 billion.
- Under pressure to improve profits, Southwest plans big changes for the boarding of its flights as well as fliers who want premium seating.
- How Kay Jewelers and Zales Are Trying to Convince You to Buy More Jewelry OnlineThe company is using data analytics and AI to tailor marketing messages to potential buyers at just the right time.
- The electric carmaker benefited from a potent weapon for improving its income statement: regulatory credits.
- Robust vehicle sales in the U.S. helped offset sluggish demand in South Korea and elsewhere.
- The Japanese automaker lowered its annual vehicle-sales and profit forecasts.
- Vodafone reiterated its fiscal 2025 earnings guidance after it delivered higher revenue for the first quarter, boosted by strong growth in Africa and Turkey.
- TotalEnergies said it expected third-quarter hydrocarbon production to remain largely unchanged from the second quarter, as it reported a fall in net profit for the three months to the end of June.
- Unilever reported underlying sales growth in the first half that came in slightly below forecasts, but its shares rose as analysts cheered the improvement in its margins.
- Anglo American posted a net loss in the first half on lower iron ore prices and sales and after it booked an impairment of $1.6 billion related to its crop-nutrients project in the U.K.
Market News from Wall Street Journal
- Small-cap stocks are on a roll, but the simplest and most popular way to buy them should carry a warning label.
- Uneven earnings and worries about the U.S. consumer are dragging on the sector.
- Lyft, Snap and others are raising money by issuing convertible bonds.
- The NYSE says that the listing was “pending on a date to be announced.”
- The Score: Delta Air Lines, Tesla, Warner Bros. Discovery and More Stocks That Defined the WeekHere are some of the major companies whose stocks moved on the week’s news.
- Read about our columnists’ favorite and least-favorite stocks and see how they have performed.
- Shares of 3M helped push the Dow to a 654-point gain as investors continued to spread their bets beyond tech giants.
- Prosecutors accuse Citron founder of manipulating stocks by issuing misleading research reports that led to quick trading profits.
- One of Wall Street’s most popular trends, many interval funds omit a key detail from their pitch.
- Investors piling into the fast-growing funds may be surprised by their tax bills
- Smaller companies outperform, extending stock-market rotation; Nasdaq and S&P fall.
- The billionaire investor is aiming to raise billions of dollars for a publicly traded fund next week.
- As Ford struggles with the cost of repairs, Chrysler owner Stellantis and Nissan focus on thinning out dealer lots.
- Insurers with a focus on Medicaid are seeing higher costs per member after millions of enrollees were forced out of the plans.