Time Names Jessica Sibley as CEO

Time Names Jessica Sibley as CEO

Time, the publisher of Time magazine, has named Jessica Sibley as chief executive of the media company. Ms. Sibley is taking over Time’s business operations from current chief executive Edward Felsenthal, who will retain his role as editor in chief of the publication, the company said Monday. Mr. Felsenthal will also become executive chairman of … Read more

Jony Ive on Life After Apple

Jony Ive on Life After Apple

I can always write an awful lot that I can’t draw,” Jony Ive, the mastermind behind Apple’s most revolutionary products, says as he holds up a Space Age–style coffee cup. “If I draw this, it only captures certain attributes.”  Ive is sitting in the garden of a Pacific Heights carriage house high in the San … Read more

Mortgage Giant Rocket Plunges Back to Earth, Hit by Rising Rates

Mortgage Giant Rocket Plunges Back to Earth, Hit by Rising Rates

Rocket Mortgage harnessed a generation of low rates to refinance millions of homeowners. Last year, it racked up more than double the refi volume of any other lender, accounting for more than $1 of every $10 lent out during a boom for the mortgage industry. Now the Federal Reserve’s efforts to fight inflation have sent … Read more

Jeep Owner Stellantis’s China Joint Venture to File for Bankruptcy

Jeep Owner Stellantis’s China Joint Venture to File for Bankruptcy

HONG KONG— Stellantis STLA -0.66% NV said its unprofitable joint venture that made and distributed the Jeep brand in China will file for bankruptcy, a move that follows the European auto giant’s failure to reverse its dwindling sales in the country. Stellantis said it would continue to provide services to existing and future Jeep brand … Read more

Blackstone, Emerson Electric Strike $14 Billion Buyout Deal

Blackstone, Emerson Electric Strike $14 Billion Buyout Deal

Emerson Electric Co. EMR 1.76% is selling a majority stake in its climate-technologies business to Blackstone Inc. BX 0.68% in a transformational deal for the industrial company that would value the unit at $14 billion including debt and mark the biggest private-equity buyout in months at a time when such activity has been choked off … Read more

Taylor Swift’s ‘Midnights’ Breaks Album Sales Records in First Week

Taylor Swift’s ‘Midnights’ Breaks Album Sales Records in First Week

Taylor Swift’s newest album marked her biggest debut yet, a feat in the streaming era as fans snapped up the music digitally and purchased a record amount of vinyl. “Midnights” sold 1.58 million copies across formats, according to Luminate Data, formerly Nielsen Music, delivering it to the top of the Billboard 200 albums chart with … Read more

Taylor Swift’s ‘Midnights’ Breaks Album Sales Records in First Week

Taylor Swift’s ‘Midnights’ Breaks Album Sales Records in First Week

Taylor Swift’s newest album marked her biggest debut yet, a feat in the streaming era as fans snapped up the music digitally and purchased a record amount of vinyl. “Midnights” sold 1.58 million copies across formats, according to Luminate Data, formerly Nielsen Music, delivering it to the top of the Billboard 200 albums chart with … Read more

Two Insiders Debate the Metaverse

Two Insiders Debate the Metaverse

The metaverse is struggling to live up to the megahype. The concept blasted off when Facebook changed its name to Meta Platforms Inc. and announced a new focus for its business: building an immersive, virtual-reality metaverse called Horizon Worlds. Like other metaverse products, the idea is to create an online community where users can interact … Read more

Starbucks Union Expansion Slows a Year Into Labor Drive

Starbucks Union Expansion Slows a Year Into Labor Drive

Twelve Starbucks stores petitioned for representation by the Starbucks Workers United union in September, down from a peak of 71 in March, National Labor Relations Board records show. The eight petitions filed in August marked the smallest number since December, when the first Starbucks cafe voting to unionize led to a wave of other locations … Read more