US Business
These Oil Giants Had Written Off Venezuela. Now They Are Taking a Second Look.
Exxon Mobil and ConocoPhillips recently sent technical teams to assess their prospects in the Latin American country.
US Business
US Business
Lululemon’s New CEO Is Already in the Hot Seat—and She Hasn’t Even Started
Longtime Nike executive Heidi O’Neill is set to take over in September, and investors aren’t happy.
US Business
Horse Racing Bets on an Influencer to Bring In New Fans
At the Kentucky Derby this weekend, Griffin Johnson will be posting to his more than 12 million followers
US Business
Mark Zuckerberg Blames Slower Sales on War, Layoffs on AI Costs in Meeting
In an internal Q&A with employees, Meta’s CEO said the company will shrink teams and develop more new apps as AI changes workflows.
US Business
Hershey CEO on Making Luxury Chocolate Accessible—and Battling Ozempic Breath
Kirk Tanner sees opportunities for the chocolate maker, as it navigates weight-loss drugs and stretched consumers.
US Business
Amazon Discusses ‘Apprentice’ Reboot—With Don Jr. as a Potential Host
Studio executives have held internal discussions about making new episodes of reality TV show.
US Business
Meta Reports Big Revenue Jump and Projected Spending Increase
Meta Platforms posted its biggest quarterly revenue jump in recent history in the first quarter but said it would spend even more money than forecast to build out AI data centers this year.
US Business
Microsoft Reports Strong Cloud Growth, but Questions About AI Returns Persist
Sales reached $82.9 billion in the January-to-March quarter, exceeding Wall Street analysts’ expectations.
US Business
Activist Engine Capital Urges Government Contractor KBR to Explore a Sale
KBR is in the midst of splitting its businesses; Engine thinks that is unnecessary.
US Business
Amazon Posts Double-Digit Growth Anchored by Booming Web Services
The retail and cloud-computing giant beat analyst estimates with a 17% jump in revenue and sharp increase in net profit.