Tag: Business News
Lyft’s Revenue Jumps 70% as Higher Fares Offset Fewer Riders
Lyft Inc. LYFT 5.37% said revenue increased 70% in the fourth quarter,…
Peloton CEO to Step Down, Company to Cut 2,800 Jobs
Peloton Interactive Inc. PTON 25.28% is replacing its chief executive and cutting…
Disney, Sony, ViacomCBS View Indian Cricket as Streaming Prize
Some of the world’s biggest media firms are preparing to do battle…
U.S. Trade Deficit Hit Record Level in 2021
The U.S. trade deficit increased 27% last year to an all-time high…
IRS’s Struggles With Backlogs Draw Scrutiny From Lawmakers, Taxpayers
WASHINGTON—Lawmakers pressed for solutions to the Internal Revenue Service’s paperwork backlog, which…
Australian Company to Build EV Charging-Station Factory in Tennessee
WASHINGTON—Australia’s Tritium DCFC Ltd. is planning to break ground this year on…
Pfizer Forecasts $54 Billion in 2022 Sales From Covid Vaccine, Treatment
As Pfizer Inc. PFE -2.84% forecasts strong sales this year for its…
Apple Will Let Businesses Use iPhones to Take Customer Payments
The Apple feature will allow businesses to use an iPhone to accept…
Nvidia, SoftBank Call Off World’s Biggest Chip Deal
Nvidia Corp. and Japan’s SoftBank Group Corp. are abandoning a blockbuster deal…
Peter Thiel to Step Down From Facebook Parent Meta’s Board
Peter Thiel, one of Facebook’s FB -5.14% earliest investors and its longest-serving…
Joe Rogan Gets $100 Million Offer From Rumble Video Website
The offer, made public in a letter from Rumble Chief Executive Chris…
SEC Subpoenas Tesla Seeking Information Linked to Musk Settlement
The Securities and Exchange Commission has subpoenaed Tesla Inc. for information about…