Silicon Valley, making way for Silicon USA In a feedback loop that could transform the economic geography of the US, millions of Americans are moving, and companies are following them—tech companies in particular. In turn, this migration of companies and investment is attracting more workers to places that in the past usually lost talent wars. […]
Healthcare companies say they are duty-bound to continue supplying drugs, vaccines and medical equipment to Russia, though Western sanctions and other measures have thrown up hurdles. The Ukraine invasion has prompted Western car makers, luxury-good purveyors and other companies to leave Russia. Makers of drugs, vaccines and medical equipment continue to do business, however, saying […]
Russia’s invasion of Ukraine risks fueling inflation and sapping growth world-wide, but a handful of nations are in line for an export windfall thanks to soaring energy and commodity prices. Countries including Canada, Australia and energy-rich Gulf Arab states look set to benefit as the invasion sparks record rallies in commodities from oil and gas […]
CVS Health Corp. CVS -0.59% Chief Executive Karen Lynch has removed several executives following an internal investigation into how they handled sexual-harassment complaints and is overhauling how the company handles such matters, according to people familiar with the matter. Ms. Lynch, who took over as CEO a year ago, in December became aware of complaints […]
A further step by the Securities and Exchange Commission toward forcing companies from China off American exchanges helped trigger the worst decline in US-listed Chinese stocks since the global financial crisis, and sparked a selloff in Hong Kong. The steep drops add to a punishing period for Chinese shares—some of which have now lost 40% […]
The Amazon Spheres at the company’s headquarters in Seattle, Wash. John Moore/Getty Images Text size Mathematically, stock splits create no value. Splitting your stock 20-for-1—a move Amazon announced last week—isn’t really any different than swapping a $20 bill for 20 singles. Your wallet might be a little fatter, but you aren’t any richer. The fact […]
Several top executives are leaving Chobani Inc. as the yogurt maker puts plans for its initial public offering on hold. President and Chief Operating Officer Peter McGuinness told employees last week that he is leaving the company effective Friday to pursue other opportunities, according to people familiar with the matter. Chobani’s Chief People Officer Grace […]
US stocks wobbled Friday and oil prices advanced, extending a volatile stretch for markets as investors assessed developments from the war in Ukraine. The blue-chip Dow Jones Industrial Average rose 205 points, gold 0.6%, in morning trading. The S&P 500 was up about 0.1%, while the Nasdaq Composite fell 0.6%. Stock futures had turned solidly […]
US stocks opened higher Friday and oil prices advanced, extending a volatile stretch for markets as investors assessed developments from the war in Ukraine. The Dow Jones Industrial Average rose 268 points, or 0.8%, shortly after the opening bell. The S&P 500 added 0.7% and the Nasdaq Composite climbed 0.8%. Stock futures had turned solidly […]
Text size Rivian vehicles Courtesy of Rivian Electric truck start-up Rivian Automotive reported fourth-quarter results Thursday afternoon. Sales and the bottom line missed Street expectations. That’s not as big a deal as guidance, which looks light, too. Rivian (ticker: RIVN) stock was tumbling in after-hours trading. Rivian reported a loss of $4.83 a share on […]
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