Technology Baidu, China's Private-Sector Bellwether, Reports 62% Profit DropThe Wall Street Journal. - Shan Li, Maria ArmentalBEIJING—China’s economic downturn helped drive search-engine giant Baidu Inc. to its weakest quarterly revenue growth in more than two years and a 62% profit drop, with the company warning its bread-and-butter
Business BHP Pledges Record Payout as Profit SurgesThe Wall Street Journal. - Rhiannon HoyleSYDNEY—BHP Group Ltd. said it would pay a record dividend to shareholders, making it the latest global miner to lift returns even as data point to a global slowdown in economic growth. BHP benefited from
Technology Twitter, Facebook Act Against Disinformation on Hong Kong ProtestsThe Wall Street Journal. - Robert McMillan, Maria ArmentalTwitter Inc. and Facebook Inc. suspended accounts they believe to be part of a Chinese effort to undermine antigovernment protests in Hong Kong, marking the first time the companies have pointed to China
Viacom Viacom, CBS Executives to Earn Big From MergerThe Wall Street Journal. - Benjamin MullinThe merger of Viacom Inc. and CBS Corp. will be lucrative for the top executives of both companies. Viacom Chief Executive Bob Bakish, who will become president and CEO of the combined company, ViacomCBS,
Tesla Tesla to Rent Solar Panels to HomeownersThe Wall Street Journal. - Sarah E. NeedlemanTesla Inc., better known for making electric cars, is once again offering to rent solar panels to homeowners. Rentals are available in six states: Arizona, California, Connecticut, Massachusetts, New and
U.S. Politics Trump Calls for a Big Fed Rate Cut, Again Criticizes PowellThe Wall Street Journal. - Rebecca Ballhaus, Andrew Restuccia, Paul KiernanWASHINGTON—President Trump on Monday called for the Federal Reserve to sharply cut interest rates and again criticized the central bank’s chairman for a “horrendous lack of vision,” while reiterating belief
Investing Top CEOs Say Firms Have Duties Beyond Shareholder ValueThe Wall Street Journal. - David BenoitThe leaders of some of America’s biggest companies are chipping away at the long-held notion that corporate decision-making should revolve around what is best for shareholders. The Business Roundtable
U.S. Politics An Economic Warning Sign: RV Shipments Are SlippingThe Wall Street Journal. - Shayndi RaiceElkhart, Ind., is flashing a warning sign about the economy. Capital of the country’s recreational-vehicle industry, the northern Indiana city and the surrounding area are watched by economists and investors
Harry Markopolos GE Issues New Rebuttal to Whistleblower's Claims on FinancesThe Wall Street Journal. - Micah Maidenberg, Mark MaremontGeneral Electric Co. pushed back further on Monday against claims by an accounting expert that the company hasn’t been forthright about its finances. In a new investor update, the company said it believes
Business PG&E Plunges After Judge Allows TrialThe Wall Street Journal. - Katherine BluntPG&E Corp. shares plunged after a judge allowed a trial on whether its equipment caused the second-worst wildfire in California history, a case that could add billions of dollars to the liabilities the
Business Fed's Rosengren Still Doesn't See Need to Lower RatesThe Wall Street Journal. - Michael S. DerbyFederal Reserve Bank of Boston President Eric Rosengren remains worried that central bank interest-rate cuts are unwarranted and could destabilize the financial sector—but signaled he’s open to action
Estée Lauder Estée Lauder Reports Strong Sales Fueled by Asian ShoppersThe Wall Street Journal. - Kimberly ChinEstée Lauder Cos. projected strong growth in 2020 after the company reported sales increases in Asia and higher demand for its premium skin care brands, sending shares of the company to an all-time high.
Boeing The Multiple Problems, and Potential Fixes, With the Boeing 737 MAXThe Wall Street Journal. - Robert Wall, Merrill ShermanTwo fatal crashes of Boeing Co.’s 737 MAX exposed problems with the aircraft’s flight-control system, spurring aviation regulators to push for additional changes before the grounded plane can again fly
Business Domino's Goes It Alone on DeliveryThe Wall Street Journal. - Heather HaddonThe pizza chain that helped popularize delivery is keeping its pies off other services that allow diners to order all manner of cuisines to their doors. Delivery has become one of the most divisive issues
U.S. Politics Deadline Looms for U.S. Employers to Report Pay for Women, MinoritiesThe Wall Street Journal. - Kelsey GeeCompanies across the U.S. are preparing to give federal regulators the most detailed information ever collected about how they compensate workers of all genders, races and ethnicities. All employers with
Business New York Gov. Cuomo Names New State Economic CzarThe Wall Street Journal. - Jimmy VielkindEric Gertler, a lawyer and publishing executive, said he would continue to develop New York’s innovation economy as Gov. Andrew Cuomo’s new economic development czar. Mr. Cuomo, a Democrat, announced appointment
Business Newsletter: The RV Industry Signals a Recession Around the BendThe Wall Street Journal. - Jeffrey SparshottThis is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here . U.S. recreational-vehicle sales are telling a story about the economy, the Fed is in focus and
Employment The 'Overqualified' Trap Can Hit You at Any TimeThe Wall Street Journal. - Sue ShellenbargerA 39-year-old executive with a successful record as a senior vice president has been job-hunting since she was laid off a few months ago. She doesn’t care about matching her former title. She just wants
Airbus Airbus Harnessing AI in Bid to Save Millions on Finance TasksThe Wall Street Journal. - Mark MaurerAirbus SE is using artificial intelligence to squeeze cost out of its finance function, an experiment launched in the aircraft maker’s Americas division that could save the corporation millions of dollars
U.S. Politics Fed Chief Wedged Between a Slowing Economy and an Angry PresidentThe Wall Street Journal. - Nick TimiraosJerome Powell is entering the most perilous stage yet of his tenure as Federal Reserve chairman, fighting to keep the U.S. from recession while taking the blame from President Trump for skittish markets
U.S. Steel Australian Steelmaker BlueScope Plans U.S. ExpansionThe Wall Street Journal. - Rhiannon HoyleSYDNEY—An Australian steelmaker said it will spend roughly US$700 million to expand its U.S. business, joining American rivals that have outlined plans to add capacity domestically in the wake of President
U.S. Politics Trump Cautions China on Hong Kong, Dismisses Recession FearsThe Wall Street Journal. - David Harrison, Katy Stech Ferek, Andrew RestucciaWASHINGTON—President Trump warned Chinese President Xi Jinping against reacting violently to protests in Hong Kong, saying that could threaten a trade deal, speaking hours after administration officials
SoftBank Group SoftBank to Lend Founder and Employees Billions to Invest in FundThe Wall Street Journal. - Liz Hoffman, Bradley HopeSoftBank Group is leaning on its employees, including Chief Executive Masayoshi Son, for cash as the firm rushes to raise an ambitious technology fund amid volatile markets. The Japanese company plans
Business Economy Week Ahead: All Eyes on the FedThe Wall Street Journal. - The Wall Street JournalMonday: The Eurozone releases its consumer-price index for July, providing the latest insight into inflation on the Continent as policy makers worry the global economy is slowing. Wednesday: The U.S. Association
Madden NFL Sports Titles Keep Gamers on Digital Playing FieldThe Wall Street Journal. - Sarah E. NeedlemanElectronic Arts Inc. kicked off the videogame industry’s annual sports season with a strong start for Madden NFL, showing the resilience of decades-old franchises as technological strides enable game to
Nordstrom Nordstrom Did So Much Right, but It's Still in TroubleThe Wall Street Journal. - Suzanne KapnerNordstrom Inc. invested heavily in e-commerce, didn’t open too many cavernous stores and has been quick to experiment with new types of shopping formats, including stores that don’t carry any clothes.
Graphic Novels Graphic Novels Take Off With Young ReadersThe Wall Street Journal. - Fleming SmithGraphic novels aimed at younger readers are skipping the superheroes and taking on serious subjects like mental health and body image, setting off a boom that is bolstering the children’s publishing industry.
Tariffs Costly Tariff Spat Masks Deeper Trade ProblemsThe Wall Street Journal. - Jason DouglasIn waging a trade war on several fronts, President Trump appears to be turning the clock back to a bygone era, when high barriers to trade were a daily fact of economic life. In fact, the tit-for-tat fight
Novartis Novartis CEO Battles Fallout From Data ManipulationThe Wall Street Journal. - Denise Roland, Tom BurtonNovartis AG Chief Executive Vas Narasimhan has spent part of his 18 months at the helm of the drug giant cleaning up issues that emerged before his watch. Now, he is facing a storm of his own making. Narasimhan
