Chinese research vessel arrives in Sri Lanka over India’s objections

Chinese research vessel arrives in Sri Lanka over India’s objections

NEW DELHI – A Chinese survey ship arrived in Sri Lanka’s southern port of Hambantota on Tuesday after the visit was delayed due to security concerns raised by India. The Yuan Wang 5 was originally scheduled to arrive on August 11 before Sri Lanka requested a postponement. On Saturday, Sri Lanka’s foreign ministry said the … Read more

Walmart Moves Upmarket – WSJ

Walmart Moves Upmarket – WSJ

Walmart‘s WMT 5.84% The motto “low everyday prices” is paying off with a growing number of customers, albeit at a cost to its margins. The retail giant said Tuesday that its Walmart-branded U.S. chain’s same-store sales grew 6.5% from a year earlier in the quarter ended July 29, better than the 6% growth it expected … Read more

Tesla workers will be winners in the stock split. They get a break on the price.

Tesla workers will be winners in the stock split.  They get a break on the price.

Tesla the stock rises as another stock split approaches. It just hasn’t increased as much as the last time the company split its shares. The slower rise may be a bit of a disappointment for investors. Tesla (ticker: TSLA) employees shouldn’t care. That means more inventory for them at a better price.

Joe Biden will sign bills aimed at lowering drug costs, increasing renewable energy

Joe Biden will sign bills aimed at lowering drug costs, increasing renewable energy

WASHINGTON—President Biden is set to sign sweeping legislation to lower prescription drug prices, boost the renewable energy sector and impose new taxes on big business. The Democrat-backed package is one of Mr. Biden’s most consistent accomplishments since taking office, the latest in a string of legislative victories that the president’s aides hope will improve his … Read more

Guilty of oil profits, Saudi Arabia pours $7.5 billion in US stocks from Amazon to Microsoft

Guilty of oil profits, Saudi Arabia pours $7.5 billion in US stocks from Amazon to Microsoft

DUBAI – Saudi Arabia’s sovereign wealth fund has invested $7.5 billion in blue-chip US companies from Amazon.com Inc. to JPMorgan Chase & Co. as the kingdom uses windfalls from high oil prices to diversify its investments. The public investment fund took minority stakes across 17 companies, including Google parent Alphabet Inc., Black stone Inc. and … Read more

Amazon’s ‘Thursday Night Football’ coverage to be tracked by Nielsen

Amazon’s ‘Thursday Night Football’ coverage to be tracked by Nielsen

Amazon. AMZN -0.19% com inc. has entered into an agreement with Nielsen Holdings NLSN 0.22% PLC will have the ratings firm measure its coverage of “Thursday Night Football” games on its Prime Video streaming platform, the two companies said. The deal marks the first time Nielsen will include ratings from a streaming service in its … Read more

Disney may be giving Dan Loeb sequel fatigue

Disney may be giving Dan Loeb sequel fatigue

To Disney, HAZE -0.01% making Dan Loeb happy will be much harder this time. Mr. Loeb’s third point TPOS 0.14% The LLC disclosed a stake of 1 million Disney shares in its quarterly filing late Monday. That’s well below the 5.3 million shares Third Point TPOS 0.14% owned two years ago when it publicly campaigned … Read more

Walmart revenue rises as higher prices boost business

Walmart revenue rises as higher prices boost business

Walmart Inc.’s WMT 5.29% revenue rose in the second quarter as the retail giant benefited from both consumers paying more for goods and increased shopping trips to its stores. Walmart said in its earnings report on Tuesday that it is gaining market share in some categories, such as groceries, as shoppers struggle with inflation and … Read more

Amazon’s ‘Thursday Night Football’ coverage to be tracked by Nielsen

Amazon’s ‘Thursday Night Football’ coverage to be tracked by Nielsen

Amazon. AMZN -0.26% com inc. has entered into an agreement with Nielsen Holdings NLSN -0.07% PLC will have the ratings firm measure its coverage of “Thursday Night Football” games on its Prime Video streaming platform, the two companies said. The deal marks the first time Nielsen will include ratings from a streaming service in its … Read more

H&M returns to China’s internet after a 16-month absence

H&M returns to China’s internet after a 16-month absence

H&M HM.B -0.12% resumed sales on a popular e-commerce platform in China, more than a year after the Swedish fashion brand was virtually erased from the Chinese internet after it expressed concern over reports of forced labor in the country’s Xinjiang region. Chinese social media users noted this month that H&M Hennes & Mauritz AB … Read more