Category: Business
Xerox to Cut 15% of Its Work Force in the First Quarter of 2024
Xerox said on Wednesday that it was cutting 15 percent of its work force as part of a restructuring, the company’s latest effort to shift…
Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
Over the past two weeks, the owner of a hip wine bar in Buenos Aires saw the price of beef soar 73 percent, while the…
From A.I. to inflation, 11 business charts that explain 2023
It has been a confusing year for the economy and markets. At the start of 2023, economists largely predicted a global recession, and Wall Street…
Red Sea Shipping Halt Is Latest Risk to Global Economy
The attacks on crucial shipping traffic in the Red Sea straits by a determined band of militants in Yemen — a spillover from the Israeli-Hamas…
Tencent and Netease Rally on Signs China May Ease Gaming Proposal
The stock prices of Chinese video game companies rebounded Wednesday after investors seized on signals that the government was having second thoughts about proposed regulations…
Holiday Spending Increased, Defying Fears of a Decline
Despite lingering inflation, Americans increased their spending this holiday season, early data shows. That comes as a big relief for retailers that had spent much…
Price Increases Cooled in November as Inflation Falls Toward Fed Target
A closely watched measure of inflation cooled notably in November, good news for the Federal Reserve as officials move toward the next phase in their…
Choice Hotel Franchise Owners Push Back on Merger With Wyndham
When Patrick Pacious, the chief executive of a large portfolio of hotel brands, promoted a blockbuster attempt to acquire a competitor in October, he said…
It Took 10 Years to Grow This Christmas Tree. The Price? $105
Every day since the trees were planted has been a roll of the dice. Unlike commodities like corn and soybeans, which Mr. Wyckoff grows on…
Gene-Sequencing Company Illumina to Sell Cancer Test Developer
Illumina, the leading producer of gene-sequencing machines, announced Sunday that it would sell Grail, a cancer test developer that it purchased for $7.1 billion in…