Walmart Pays $1.4 Billion to Boost Flipkart Stake
The purchase of shares from Tiger Global valued the Indian e-commerce company at about $35 billion.
Trucking Giant Yellow Shuts Down Operations
The 99-year-old company with 22,000 Teamsters employees advises customers and workers of shutdown.
Wall Street to Procter & Gamble, Colgate-Palmolive: Start Moving Units
Investors are no longer happy with big price increases paired with volume declines.
Apple, Amazon, Starbucks to Report in Packed Earnings Week
Earnings reports also from Uber Technologies, Pfizer and Kraft Heinz are expected to shed light on how consumer spending is holding up amid rising interest rates and easing inflation.
Mining Tech Startup Raises $28 Million Amid Critical Minerals Rush
Australia’s Plotlogic says capital injection will help fund expansion in North America and Indonesia.
BlackRock Clashes With Hedge-Fund Giant Over Control
Boaz Weinstein’s Saba Capital has been buying up shares in three closed-end funds.
China-Founded Rivals Shein and Temu Ramp Up War for American Shoppers
The online sellers are fighting in U.S. courts, alleging dirty tricks as they duel for workers and suppliers back in China.
Elon Musk’s Latest Mission: Rev Up the Electricity Industry
“My biggest concern is that there’s insufficient urgency,” the billionaire tells energy executives.
Cannabis Industry Confronts Billion-Dollar Threat: Weak Weed
A pathogen spreading among crops is cutting the recreational drug’s potency, forcing growers to cull “dudded” plants.
Uber’s Grand Plan to Go All-Electric in London Ran Into Gridlock
The ride-share leader struggles with charging deserts and high prices.
Source: Dow Jones Newswires