Shopify Is Laying Off 10 Percent of Staff
The e-commerce platform made the “wrong” bet on the continued boom in online shopping, the chief executive said in a...
G.M. Profit Falls 40 Percent as Costs Rise and Chips Are Lacking
The automaker reaffirmed its forecast for earnings for the full year.
I.M.F. Warns That a Global Recession Could Soon Be at Hand
The International Monetary Fund downgraded its growth forecasts and projected higher inflation around the world.
Ice Cream Trucks Are the Latest Target of Inflation
Inflation and its rising fuel prices have pushed some ice cream truck owners to the brink.
After Enduring a Pandemic, Small Businesses Face New Worries
It has been a tough few years for companies without the scale to cruise through disruption. Making money isn’t getting...
Is the U.S. Entering a Recession? Here’s Why It’s Hard to Say.
The U.S. may register a second straight quarter of economic contraction, one benchmark of a recession. But that won’t be...
Alibaba Seeks a Hong Kong Primary Listing
The Chinese e-commerce giant’s application could give it better access to Chinese capital and a safety net against U.S. regulations.
Walmart Lowers Profit Forecast as Inflation Hits Customers
Citing the need to cut prices to move inventory, the company slashed its earnings outlook for the year, sending its...
Justice Department sues poultry processors over unlawful labor practices.
The department said three major processors participated in a decades-long scheme to suppress wages and stifle competition.
Energy Department will lend G.M. and LG $2.5 billion to build battery factories.
The loan will help the automaker and its supplier build electric vehicle battery factories in Ohio, Tennessee and Michigan.
