Economy Week Ahead: Housing Blues
A measure of home sales is the highlight of this week’s economic news. TUESDAY The once red-hot U.S. housing market has slowed drastically as rising mortgage rates kept many home…
Covid Fallout Flattens JD.com’s Online Birthday Bash
SINGAPORE—Chinese online shopping giant JD.com midyear e-commerce extravaganza recorded the slowest sales growth in at least five years, in the latest gauge of the hit to consumer appetite from stringent…
Covid Fallout Flattens JD.com’s Online Birthday Bash
SINGAPORE—Chinese online shopping giant JD.com midyear e-commerce extravaganza recorded the slowest sales growth in at least five years, in the latest gauge of the hit to consumer appetite from stringent…
Amazon CEO Andy Jassy’s First Year on the Job: Undoing Bezos-Led Overexpansion
Andy Jassy spent years running one of the fastest-growing divisions in a company famed for its rapid expansion. Nearly a year after taking over as chief executive of Amazon.com he’s…
China’s Economy Shows Signs of Recovery, but Covid Lockdown Threat Remains
HONG KONG—China’s economy improved slightly in May, offering hints of a recovery that is likely to remain fragile under the continuing threat of pandemic-related lockdowns. Official data released by the…
Oracle Sales Top Expectations Against Uncertain Economic Backdrop
Oracle sales rose in the latest quarter, soothing concerns about the business-software giant’s outlook against a backdrop of economic uncertainty affecting technology companies. The Austin, Texas-based company said companywide revenue…
Oracle Sales Top Expectations Against Uncertain Economic Backdrop
Oracle sales rose in the latest quarter, soothing concerns about the business-software giant’s outlook against a backdrop of economic uncertainty affecting technology companies. The Austin, Texas-based company said companywide revenue…
Stitch Fix to Cut About 330 Jobs
Stitch Fix said it would cut about 330 jobs as the personal shopping and styling service grapples with a slowdown in sales and widening losses. The moves would affect roughly…
U.S., European Allies Try to Restrain Global Oil Prices
WASHINGTON—The U.S. and its allies are searching for ways to limit further surges in global oil prices, attempting to balance efforts to cut off Russia’s revenue from its energy sales…
Spotify Tells Investors It Has Plenty of Growth in Store
The audio giant held its first investor day in years after seeing its stock price fall more than 50% so far this year, and CEO Daniel Ek said he foresees…
