Uber and Lyft Win California Ruling to Treat Drivers as Contractors

The state’s Supreme Court decision preserves the gig-economy business model....

Hermes Bucks Luxury Slowdown With Higher Sales But Flags Weakness in China

The Birkin handbag maker reported higher sales for the second quarter, with wealthy customers helping it defy a global slowdown in demand that is troubling the luxury sector, but flagged signs of weakness in China....

Kroger, Albertsons Agree to Pause Merger as FTC, State Challenges Proceed

Deal between the two grocery-store operators has faced regulatory scrutiny since it was announced in October 2022....

Universal Music Sheds $13 Billion in Market Cap After Streaming Revenue Disappoints

The record label behind Taylor Swift, Billie Eilish and Ariana Grande posted revenue growth from subscriptions and streaming services well below what analysts had expected....

Standard General Agrees to Buy Out Bally

Hedge fund Standard General agreed to buy the balance of shares in casino chain Bally’s in a deal that values the firm at about $4.6 billion....

Southwest Airlines Is Ditching Open Seating on Flights

Under pressure to improve profits, Southwest plans big changes for the boarding of its flights as well as fliers who want premium seating....

How Kay Jewelers and Zales Are Trying to Convince You to Buy More Jewelry Online

The company is using data analytics and AI to tailor marketing messages to potential buyers at just the right time....

How Government Programs Help Fuel Tesla Profit

The electric carmaker benefited from a potent weapon for improving its income statement: regulatory credits....

Hyundai Motor Profit Jumped 25%, Led by U.S. Demand

Robust vehicle sales in the U.S. helped offset sluggish demand in South Korea and elsewhere....

Nissan Motor Cuts Sales, Profit Forecasts After Weak Quarter

The Japanese automaker lowered its annual vehicle-sales and profit forecasts....