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Target Sales Are Punished by Pride Month Backlash
The retailer lowered profit goals for the year, and executives said they would modify the annual Pride Month promotion. Source link
Race to Control Electric-Vehicle Supply Chains Leads to Africa
To bypass China, Western companies are investing in facilities to process battery metals in countries such as Tanzania, Mauritius and South Africa A lithium ore
Intel Scraps Tower Acquisition After China Fails to Approve Deal
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Vital Natural Gas Is Being Stashed in Caverns Beneath War-Torn Ukraine
Commodity merchants are pumping billions of cubic meters of natural gas into Ukrainian reservoirs, hoping the war doesn’t disrupt potential profits. Source link
Estée Lauder's Big Bet on China Is Looking Not So Pretty
Estée Lauder’s longtime chief, Fabrizio Freda, is under pressure to show he can turn around the beauty giant’s key China and U.S. businesses. Source link
Jeffrey Epstein Advised Sergey Brin With Tax Shelter
Epstein was advising Google co-founder Sergey Brin in 2007 on setting up a tax-saving trust for his children, according to new court documents. Source link
Apollo-Led Lenders Sell Yellow Loan to Citadel
The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation. Source link
Tesla Launches Cheaper, Lower-Range Model S and Model X
The electric-vehicle maker has cut prices for its U.S. vehicles multiple times this year in a bid to stoke demand in a cooling car market.
Home Depot's Inflation Pressures Ease
CEO Ted Decker says costs are improving as suppliers demand fewer price increases. Source link
U.S. Steel Takeover Talk Rattles Manufacturers
A deal for the American steelmaker could leave fewer options for steel used in cars, food cans and other products. Source link