US Business

The retailer posted strong sales and higher profit in its latest quarter, and the latest government readout on U.S. retail spending showed the strongest gain since January 2023.

Members of a WhatsApp group for Jewish professionals were harassed after their chat thread fell into the hands of pro-Palestinian activists.

Saks is an unusual example of a large retailer that has been withholding funds from some luxury brands for months.

Recruit Holdings reported a rise in first-quarter net profit, thanks to stronger earnings from its human-resources technology business and other key segments.

Allianz increased its planned share buyback for 2024 and maintained its outlook after it reported better-than-expected results for the second quarter.

Sales of electric vehicles and hybrids in China surpassed that of internal-combustion-engine cars for the first time ever in July, despite weak overall demand.

PLBY Group said that it’s relaunching Playboy Magazine with an annual edition that will be released in February 2025, a decision that comes about four years after announcing it would be shut down as a result of the Covid-19 pandemic.

The airline says the cybersecurity company is shirking blame for the July outage, which led he carrier to cancel about 7,000 flights.

U.K. antitrust officials are probing whether Amazon’s multibillion-dollar investment in artificial-intelligence company Anthropic poses a threat to competition.

Paramount Global, home of Comedy Central, MTV and Nickelodeon, wrote down the value of its cable-TV networks by nearly $6 billion and cut 15% of its workforce, a day after rival Warner Bros. Discovery reported an even larger write-down.