‘a-stereotypical-push’
Cartoonist: Victor Martinez
Cartoonist: Victor Martinez
WSJ.com: US Business
- Procter & Gamble Warns of Higher Costs and Slower SalesThe consumer goods company gave a somber outlook for the year ahead, predicting slower sales and historically high costs for raw materials and transportation as inflation picks up and the global health crisis continues.
- Big Oil Companies, Back in the Money, Keep Spending TightExxon and Chevron reported strong profits as some economies recover from the pandemic, but the oil giants, like their European counterparts, preach capital discipline.
- Publisher Buys Stakes From Prince's Heirs in Bid to Steer Singer's LegacyPrimary Wave has acquired the largest interest in the Prince estate, betting that by gaining control over the estate it can turn its assets into business opportunities.
- Amazon Hit With Record EU Privacy FineThe fine, which Amazon disclosed Friday in a securities filing, was issued two weeks ago by Luxembourg’s privacy regulator and accompanied by an order to revise certain business practices that Amazon didn’t specify.
- Elon Musk's 'Delivery Hell'September of 2018 was a do-or-die moment for Tesla. The auto maker’s CEO had staked the company’s future on a promise to deliver huge numbers of cars by the end of the month—and a quarterly profit. But getting the vehicles to customers in time wasn’t easy.
- Household Spending Rose in June, Before Delta UpswingWhile some local governments and businesses reinstate Covid-19 rules, economists expect consumers to continue opening their wallets.
- U.S. Trade Representative's Top China Adviser ResignsMark Wu said he is returning in August to Harvard Law School where he focuses on intellectual property issues and Chinese trade policy.
- Infrastructure Bill Now Faces Restive House ProgressivesDemocrats’ liberal wing want to ensure antipoverty, climate and healthcare proposals in separate package don’t get sidelined.
- The U.S. Economy's Prospects Looked Bright, Until the Delta Variant SurgedGross domestic product grew at a 6.5% annual rate in the second quarter and the economy exceeded its pre-pandemic size, but slower growth is expected in coming months.
- Jobless Claims Resumed Decline Last WeekWorkers’ filings for new unemployment benefits resumed their decline last week and remain near a pandemic low as the labor market continues to recover from the pandemic, economists say.
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