Text size A customer browses gift-wrapping supplies at a Dollar Tree store in Louisville, Ky. Luke Sharrett/Bloomberg Same-store sales are critical for retailers, but many investors worry that they will fall in 2022 because 2021—a great year for the industry–gave them a hefty boost. Analysts have increased their estimates for the key metric for only […]
5G, 5G, 5G! Carriers and smartphone makers can’t stop talking about how fast the fifth-generation mobile network is. Is the much-hyped technology worth a device upgrade? 5G is fast—when you can find it—but as my week of battery tests show, it’s a power hog, and there are no killer apps requiring the high data speeds […]
Manufacturers with Russian ties are working to figure out how to survive, after sanctions leveled on Russia over recent weeks curb the flow of goods and money between the country and Western markets. Sanctions, and private companies’ moves to pull back from Russia, have upended operations for companies whose ownership and supply chains link back […]
Rising fuel prices are taking a toll on small businesses, prompting owners of everything from furniture retailers to swimming-pool service companies to trim services and revise contracts as they try to soften the financial hit. Keon Enterprises, in Harrisburg, Pa., has paid as much as $3,180 for gas in recent weeks, up from about $1,500 […]
Canadian Pacific Railway ltd. PC 0.08% trains were halted Sunday morning, stalling global shipments of key manufactured goods and commodities like fertilizers, after an impasse in contract negotiations between the company and its conductors and engineers. The Teamsters Canada Rail Conference, which represents more than 3,000 conductors, engineers and yard workers at Canadian Pacific, issued […]
Investors are piling back into US stocks, betting that the domestic equity market can withstand new economic headwinds better than other parts of the world. The US, by contrast, is less reliable on Russian oil, while counts of Covid-19 patients admitted to hospitals have fallen substantially. And many investors believe the US economy entered the […]
Cargo ships are accumulating at one of China’s busiest ports after another Covid-19 outbreak shut down factories and warehouses in Shenzhen, raising the prospect of a new round of bottlenecks that could push up freight rates and slow deliveries. There are more than 35 ships waiting to dock in Shenzhen and another 30 farther north […]
Cargo ships are accumulating at one of China’s busiest ports after another Covid-19 outbreak shut down factories and warehouses in Shenzhen, raising the prospect of a new round of bottlenecks that could push up freight rates and slow deliveries. There are more than 35 ships waiting to dock in Shenzhen and another 30 farther north […]
Last November, Howard Schultz traveled to Buffalo, NY, with a message to workers considering forming a union: Starbucks SBUX 2.21% would do the best job looking out for employees’ interests. During an hourlong speech delivered without notes, Mr. Schultz, Starbucks Corp.’s former leader, appealed to employees to work together with management. “Our core purpose and […]
The biggest credit-reporting firms will strip tens of billions of dollars in medical debt from consumers’ credit reports, erasing a black mark that makes it harder for millions of Americans to borrow. Equifax Inc., EFX 0.71% Experian EXPGY 1.72% PLC and TransUnion TRU -0.99% are making broad changes to how they report medical debt beginning […]
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