Wednesday, August 1, 2018

Macau, Asia's Vegas, Can't Beat the Real McCoy for Fun

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.

from WSJ.com: US Business https://ift.tt/2LQBm4Y
via IFTTT

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.

from WSJ.com: US Business https://ift.tt/2OxAqRi
via IFTTT

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.

from WSJ.com: US Business https://ift.tt/2vpNLTg
via IFTTT

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.

from WSJ.com: US Business https://ift.tt/2OyASPi
via IFTTT

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.

from WSJ.com: US Business https://ift.tt/2M5ybmF
via IFTTT

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.

from WSJ.com: US Business https://ift.tt/2v7uSoH
via IFTTT

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.

from WSJ.com: US Business https://ift.tt/2M8pl7N
via IFTTT