Listen to article (2 minutes) Self-described sneakerheads bidding up prices for limited-edition kicks sold online have created profits for tens of thousands of entrepreneurial kids and adults. In nine years, Michael Malekzadeh outpaced the crowd to become an American sneaker celebrity. He made more than $300 million in the sneaker resale market, where scarcity and […]
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Cardinal Health Inc. said its top line rose 13% in its recently completed quarter, with gains for its pharmaceutical business offsetting a decline in its medical segment. Source link Source link
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Tech Twitter is planning thousands of job cuts, and other companies are paring back after unprecedented growth during the pandemic Source link Source link
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Business Albertsons previously said it would pay shareholders $4 billion on Nov. 7, announced when the supermarket chain agreed to merge with Kroger Source link Source link
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WSJ News Exclusive Media & Marketing Advertisers are concerned about a flurry of executive departures at Twitter and new owner Elon Musk’s plans for content moderation Source link Source link
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The company reported a sharp fall in annual profit as ballooning costs offset record sales, and said it expected shoppers to rein in spending in the coming months. Source link Source link
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WSJ News Exclusive Business The bonus is a shift in the San Francisco company’s efforts to reward and retain employees Source link Source link
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A combination of the two biggest supermarket operators in the U.S. is prompting elected officials to question how the deal could affect jobs, prices and competition. Source link Source link
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Business Drugstore chain agrees to make payments over 10 years to states, cities and tribes that sued over opioid abuse Source link Source link
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A new law requiring nearly all New York City employers to list pay on job postings offers job seekers, employees and the merely curious a rare glimpse at the pay practices of major companies. Source link Source link
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Google’s video platform is selling subscriptions to Paramount+, Showtime and others amid an advertising slowdown. Source link Source link
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Business Test of consumer appetite for such deals is part of a broad effort to integrate streaming and merchandise businesses Source link Source link
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Tech Prime’s additions come as other retail membership programs bundle entertainment Source link Source link
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The retailer is to acquire an online rival that has focused on inclusive marketing. Source link Source link
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Business Autos & Transportation Autos Industry Inventory on dealer lots is ticking up again, but executives say pent-up demand should keep prices elevated for the foreseeable future Source link Source link
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Rival drugmakers are seeking to upend Pfizer Inc.’s dominance of the $7 billion worldwide market for pneumonia vaccines, launching what is shaping up to be one of the industry’s fiercest battles. Merck & Co. has already introduced a new competitor to Pfizer’s Prevnar vaccine franchise, while GSK PLC and Vaxcyte Inc. are among companies developing […]
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The world of online retail is facing a stark reality: During the pandemic, when many people were stuck at home, they went shopping online. Now that things are returning to normal, e-commerce sales are slowing or falling. For insight into the issue, The Wall Street Journal’s Preetika Rana spoke with Kirsten Green, founder and managing […]
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New York City employers are starting to comply with a new salary transparency law taking effect this week that will require nearly all job listings to include a pay range, a move expected to reshape workplaces and how companies hire. The measure, aimed at closing gender pay gaps and other disparities, requires companies to include […]
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A week of earnings by big technology companies has been a rout for investors, as recession fears and the strong dollar hit businesses that were thought to be more resilient. And these industry giants warn more pain is ahead. “It’s just hard to see any points of good news on the horizon,” Intel Corp. INTC […]
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It took Jacob Rothman two decades to build a Chinese manufacturing business with his friends and family. Now the 49-year-old American executive says customers want him to make some of his grilling tools and kitchen products elsewhere. He knows it isn’t going to be easy. “There’s not a customer that we have that isn’t pressuring […]
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