By the early fall, domestic business travel was back up to nearly two-thirds of its prepandemic level. But companies have now begun to cut back.
Category: Company Reports
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Thanksgiving and Inflation: The Cost of the Holiday This Year
Holiday costs from groceries to travel are up, and consumers have been willing to pay them.
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Europe’s Wind Industry Is Stumbling When It’s Needed Most
Makers of wind turbines are reporting mounting losses, and fret about losing out to rivals from China, as countries chase ambitious clean energy targets.
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Bog Iger’s Return to Disney Shocks a Discontented Kingdom
After Bob Chapek, the departing chief executive, tried to put a sunny spin on a disastrous earnings report this month, senior Disney leaders began talking about resigning.
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US Shoppers Are Still Spending, as Long as Retailers Give Them a Reason
Retail sales rose last month, and several companies reported strong earnings. But discounts seemed to drive a significant portion of purchases.
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Stocks Jump on Hopes of Lower Inflation
Lower-than-expected data on wholesale prices and resilient earnings from retailers were cheered by investors.
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Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade
Ahead of the critical holiday shopping season, the nation’s largest retailer reported stronger-than-expected earnings and signaled confidence with a $20 billion share buyback.
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Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade
Ahead of the critical holiday shopping season, the nation’s largest retailer reported stronger-than-expected earnings and signaled confidence with a $20 billion share buyback.
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WeWork Will Close About 40 Locations as Losses Narrow
The co-working company said revenue rose more than 20 percent in the most recent quarter, but tempered its forecast for the full year.
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Redfin, the Online Real Estate Broker, Lays Off 13% of Its Staff
The company also said it was shuttering RedfinNow, its home-flipping service, as concerns grow about a slowdown in the housing market.
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Rivian Lost $1.7 Billion in the Third Quarter
The electric truck maker said it had enough cash to fund its operations through 2025.