China producer prices turn negative in warning sign for global economy

China producer prices turn negative in warning sign for global economy

SINGAPORE – Prices charged by Chinese companies at the factory gate registered their first annual decline in nearly two years, another depressing signal for the global economy, as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods. Chinese producer prices fell 1.3% in October from a year earlier, the National … Read more

Treasury chief Janet Yellen heads to India as US seeks to deepen ties

Treasury chief Janet Yellen heads to India as US seeks to deepen ties

Treasury Secretary Janet Yellen’s trip to India this week will be the latest attempt by the Biden administration to look past the new power’s longstanding ties to Russia and deepen a relationship it hopes will serve as a counterweight to China. The US has changed its approach to India since the invasion of Ukraine began, … Read more

Airbnb details Roadmap to lower cloud costs

Airbnb details Roadmap to lower cloud costs

Moving by Airbnb Inc. lowering its cloud storage costs in the run-up to its December 2020 IPO has made it better prepared for the possibility of an economic downturn, the home-sharing company said. Analysts say its efforts offer a template for other companies looking to get a handle on spending as more IT shifts to … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Hershey Raises Guidance After Third-Quarter Sales Rise 13%

Hershey Raises Guidance After Third-Quarter Sales Rise 13%

Hershey co. HSY -1.32% raised its guidance for the year after reporting a 13% rise in third-quarter sales on higher-than-expected demand for its snacks and sweets despite rising prices. The maker of Reese’s peanut butter cups and Twizzlers candy said Friday that higher prices helped it offset higher supply chain costs and advertising spending, the … Read more

Vonage will pay $100 million to settle FTC allegations of trapping consumers in subscriptions

Vonage will pay $100 million to settle FTC allegations of trapping consumers in subscriptions

Ericsson ERIC -1.65% AB subsidiary Vonage will pay $100 million to settle Federal Trade Commission allegations that it created a web of obstacles for its customers to cancel Internet-based phone service and charged unexpected termination fees. The agreement, filed in federal court Thursday, represents the largest settlement of its kind in the FTC’s enforcement push … Read more

Kellogg says supermarket buyers bear higher prices

Kellogg says supermarket buyers bear higher prices

Kellogg co. K -8.32% said consumers are accepting higher prices for supermarket items such as breakfast cereals and snacks, although executives warned that inflation has yet to ease. The Battle Creek, Mich.-based company said it is monitoring household budgets as inflation has hit its highest level in four decades. While consumers are dialing back some … Read more

Elon Musk’s proposed Twitter changes reignite the debate over how to eliminate spam

Elon Musk’s proposed Twitter changes reignite the debate over how to eliminate spam

Elon Musk’s proposal for a Twitter Inc. subscription program has reignited debate over the issue of spam and fake accounts that were at the center of the billionaire’s efforts to exit buying the social media company. In a series of tweets this week, Mr. Musk said the program would give subscribers priority in replies, mentions … Read more

Elon Musk’s proposed Twitter changes reignite the debate over how to eliminate spam

Elon Musk’s proposed Twitter changes reignite the debate over how to eliminate spam

Elon Musk’s proposal for a Twitter Inc. subscription program has reignited debate over the issue of spam and fake accounts that were at the center of the billionaire’s efforts to exit buying the social media company. In a series of tweets this week, Mr. Musk said the program would give subscribers priority in replies, mentions … Read more