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P&G Earnings Show Its Pricing Power Endures
Consumers were still paying more for premium brands including Tide, boosting quarterly sales even as volumes dropped. Source link
Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. Source link
Europe Avoids China's Belt and Road Forum, Keeping a Distance From Xi and Putin
After three years of Covid isolation, Chinese leader Xi Jinping is planning a blowout bash for his Belt and Road infrastructure initiative. The R.S.V.P.s aren’t
$2 Billion Default Followed Warnings to Everyone but Investors
Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now under investigation by the SEC
Facebook Bowed to White House Pressure, Removed Covid Posts
Internal Meta emails say pressure from Washington was behind a decision to take down posts attributing the pandemic to a man-made virus. Source link
Gucci-Owner Kering Buys Stake in Valentino
The deal is part of a return to big-ticket transactions for the French luxury conglomerate, after an agreement to purchase cologne-maker Creed. Source link
Volkswagen Seeks to Reclaim China Crown in Deal With EV Maker
The German auto giant bought a stake in Chinese rival XPeng after praising the dynamism and innovation of local automakers. Source link
How Ivy League Schools Tilt Your Odds in the Lottery of Life
Smart, diligent students will prosper no matter their alma mater. Yet for a few, a top college is the difference between doing well and reaching
Bank of Japan Hints It Will Accept Higher Rates, Lifting Bond Yields
The central bank calls cap on government bond yields a reference point, not a rigid limit. Source link
A Clothing Brand's Email Claimed to Be From a Neighbor Watching Recipients in Their Underwear. Some Customers Aren't Happy.
Athleisure brand Feat says it didn’t intend to cause “fear, anxiety and discomfort” to a “subset of customers.” Source link