Daily News
Below please find daily updates pertaining to the latest in financial, business, and tax news:
Online Wall Street Journal News
Uber Posts Higher Revenue and Adjusted Profit
Wed, Feb 08, 2023The ride-hailing company beat Wall Street estimates and projected accelerated bookings growth....
Microsoft's Activision Deal Handed Setback by U.K. Regulator
Wed, Feb 08, 2023U.K. antitrust regulators said the proposed $75 billion acquisition would further consolidate what it called Microsoft’s strong position in cloud gaming....
Warner Bros. Discovery to Keep Discovery+, in Strategy Shift
Wed, Feb 08, 2023The decision reflects concerns that some Discovery+ subscribers might not want to move to a bigger and pricier platform....
CVS Reaches $10.6 Billion Deal to Buy Oak Street Health
Wed, Feb 08, 2023The all-cash deal would widen CVS’s healthcare offerings and is the latest sign of the growing tie-ups between health insurers and primary-care doctors....
Beyoncé's Clothing Line With Adidas Suffers From Weak Sales
Wed, Feb 08, 2023Revenue from the singer’s Ivy Park brand fell more than 50% last year and has been running below internal projections, documents show....
Big Tech's Growth and Innovation Slow, But Its Market Dominance Endures
Wed, Feb 08, 2023The top U.S. technology companies are no longer big, fast-growing and ferociously innovative. Their market positions still look durable....
New White House Wage Data Show Slowing Pressure on 'Supercore' Inflation
Wed, Feb 08, 2023The narrowed gauge tracks only wages linked to services excluding housing, food and energy....
Biden to Push Economic Message After State of the Union Speech
Wed, Feb 08, 2023President Biden is taking the economic pitch he delivered during his address on the road, as some GOP lawmakers face criticism for heckling him....
Treasury Says Cloud Computing Poses Risks to Financial Sector
Wed, Feb 08, 2023The department says reliance on Amazon, Microsoft or Google would have consequences in case of technical breakdowns....
Fed's Powell Braces for Longer Inflation Fight Amid Hiring Surge
Tue, Feb 07, 2023The labor market’s surprising strength underscores why bringing inflation down will require higher interest rates than many investors have been anticipating, Fed Chair Jerome Powell said....