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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Business Travel’s Rebound Is Being Hit by a Slowing Economy
The New York Times – Business: -
Thanksgiving and Inflation: The Cost of the Holiday This Year
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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 New York Times – Business: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 New York Times – Business:The electric truck maker said it had enough cash to fund its operations through 2025.