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Archegos Founder Bill Hwang Sentenced to 18 Years in Prison
20 November 2024 at 22:02
His firm’s collapse wiped $100 billion in market value, prosecutors said.
© Yuki Iwamura/Bloomberg News
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Yesterday — 20 November 2024WSJ.com: US Business
Nvidia's Sales Soar as AI Spending Boom Barrels Ahead
20 November 2024 at 21:32
The AI chip giant gave a strong outlook, pointing to healthy demand for next-generation chips.
News Corp Shareholders Reject Activist Bid to End Dual-Class Share Structure
20 November 2024 at 20:33
Shareholders voted down Starboard Value’s proposal, which was aimed at damping the Murdoch family’s influence over the media conglomerate.
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Boeing CEO to Employees: We Can't Afford Another Mistake
20 November 2024 at 20:18
The jet maker will overhaul employee incentive plan and delay R&D spending.
© Chet Strange for WSJ
Williams-Sonoma Beats Views With Third-Quarter Results, Boosts Outlook
20 November 2024 at 19:36
Shares surged following the earnings announcement. The company’s market value has nearly doubled over the past 52 weeks.
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How Students Can AI-Proof Their Careers
20 November 2024 at 16:00
Artificial intelligence is going to eliminate a lot of jobs in the future. It’s possible to reduce the risk that it will be yours.
© Owen Gent
Ford to Cut 4,000 Jobs in Europe in Cost-Saving Drive
20 November 2024 at 15:54
Ford became the latest carmaker to seek deep cost savings as it grapples with timid demand for electric vehicles and rising competition.
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Target Shares Tumble on Earnings Miss
20 November 2024 at 15:57
The stock fell 20% after the retailer posted disappointing quarterly results and lowered its guidance for the full year.
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The Unusual Power of VW's Union Boss Is Being Put to the Test
20 November 2024 at 11:43
Daniela Cavallo faces the battle of her career as she fights what would be the first German factory closures in the automaker’s history.
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NIO's Net Loss Widens on Lower Revenue Amid EV Pricing Pressure
20 November 2024 at 11:36
The Chinese automaker’s net loss widened in the third quarter as revenue fell, dragged by lower selling prices.
© Krisztian Bocsi/Bloomberg News
Pfizer Names New R&D Chief
20 November 2024 at 11:15
Company veteran Chris Boshoff, who has led Pfizer’s cancer research and marketing for more than a year, will become chief scientific officer starting Jan. 1.
© Chona Kasinger for WSJ
British Land Expects Retail Park Boost as Shops Seek Cheaper Space
20 November 2024 at 10:44
British Land expects more shops to move to retail parks to offset anticipated higher costs following the U.K. government’s budget last month.
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Energy & Utilities Roundup: Market Talk
20 November 2024 at 21:59
Find insight on oil prices, Santos and more in the latest Market Talks covering energy and utilities.
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Auto & Transport Roundup: Market Talk
20 November 2024 at 21:57
Find insight on PWR Holdings, CarMax, Carvana and more in the latest Market Talks covering the auto and transport sector.
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Financial Services Roundup: Market Talk
20 November 2024 at 22:00
Find insight on DNB Bank, UOB, EFG International and more in the latest Market Talks covering financial services.
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Kuaishou Posts Profit, Revenue Growth, Meeting Estimates
20 November 2024 at 09:20
The Chinese short-video app operator reported in-line results on advertising strength, even as it continued to face challenges in its e-commerce business.
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Britvic Profit Rises on Strong Demand, Brazil Performance
20 November 2024 at 08:04
The U.K. soft-drinks company said the preliminary results were due to strong demand for Pepsi and Tango, as well as improved trading in Brazil.
© Chris Ratcliffe/Bloomberg News
STMicroelectronics Sees Slowing Sales and Profit Growth
20 November 2024 at 08:44
STMicroelectronics delayed a key sales target it hoped to hit much earlier, and cut its gross margin forecast, as the chip inventory glut that has plagued the industry in recent years continues to weigh on growth.
© sarah meyssonnier/Reuters
Tokyo Gas Shares Rise Sharply After Elliott Builds Stake
20 November 2024 at 07:38
Activist investors, once shunned by Japanese management, have become increasingly prominent in the Japanese market.
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