It took Macau just two years to eclipse the Las Vegas Strip as the world’s biggest gambling hub after the Chinese territory opened up its casino market. Trying to catch up with Vegas as an entertainment capital is slower going.
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Wednesday, August 1, 2018
Kroger to Launch Grocery Delivery Service
Kroger is launching a grocery delivery service, its fourth e-commerce offensive in less than three months, as the U.S.’s largest supermarket chain seeks to remain relevant in a fiercely competitive grocery sector.
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Companies Warn Currency Swings Will Weigh on Earnings
Multinational companies say billions of dollars in revenue and profit are at risk from recent currency fluctuations triggered by escalating tensions between the U.S. and its trading partners.
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Volkswagen Earnings Take Another Hit From Emissions-Cheating Scandal
Volkswagen took another big earnings hit Wednesday from its diesel-emissions crisis and warned that new testing standards pose a further risk for the world’s largest car maker.
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Rio Tinto to Buy Back Shares After First-Half Profit Jumps
Rio Tinto will buy back a further $1 billion in stock as it recorded a 33% rise in first-half net profit and raised its dividend by 15%, aided by recovering prices of some commodities.
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Baidu Reports Strong Quarterly Results
Baidu Inc.’s revenue reached a record $3.93 billion in the June quarter, driven by a rebound in its search-engine business, powered by artificial intelligence.
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The NBA's Billion-Dollar Bear Market
It became clear this summer that the league now has a curious economy: NBA salaries are reflections, more than ever before, of when players happened to be free agents.
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