US Business

Purchasing managers surveys indicate the sharpest pullback for the U.S. economy since early in the pandemic, with eurozone and other global economies also showing weakness.

The court-ordered settlement talks in a shareholder lawsuit over CEO Elon Musk’s 2018 tweets will take place in October, the same month as two other trials involving Twitter and Tesla.

Tightening consumer budgets amid rapid inflation are intensifying competition in grocery aisles.

Companies from Coca-Cola to McDonald’s will share insights on inflation, supply chain and consumers.

The retailer’s emphasis on creating private-label items, rather than modernizing its technology, meant it was caught flat-footed when the pandemic struck. And it turned out shoppers actually preferred the stores’ old treasure-hunt feel. “Where is Mikasa?”

Mr. McMahon had been under pressure after the company disclosed a board investigation into alleged misconduct.

The social-media company blamed the decline on advertising weakness and uncertainty related to its pending $44 billion acquisition by Elon Musk.

Nucor, Steel Dynamics and Cleveland-Cliffs say they expect demand for steel to stay strong.

Observers say digital-ad spending is usually the first to be cut during a slowdown.

The South Korean tech company divulged in filings proposed spending for 11 new chip-making plants in Texas over the next two decades, but isn’t obliged to commit to the investments.