US Business

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.

Snapchat owner holds off on issuing new guidance and slows the pace of hiring amid market turbulence.

The deal for the operator of primary-care clinics will help the tech giant offer medical services to a large pool of employers and individuals and underscores its sweeping ambitions in healthcare.

Tesla, Howmet and others racked up bigger tax bills after Congress ended deductions for any executive pay over $1 million a year for top officers of publicly traded companies, as well as some others.

Valero Energy, Marathon Petroleum and Phillips 66 are set to collectively bring in about $14 billion in cash from operations this quarter, analysts estimate.

Elon Musk’s electric-vehicle maker also is grappling with soaring inflation and supply-chain disruptions.