Before he left, Mr. Chapek announced that Disney would “look for every avenue of operations and labor to find savings.” That initiative, though delayed by the upheaval atop Disney, is continuing and expected to include layoffs. One person working on the cost-cutting program at Disney described it as “deep.” Last week, Disney announced that Mark […]
The DealBook newsletter delves into a single topic or theme every weekend, providing reporting and analysis that offers a better understanding of an important issue in business. If you don’t already receive the daily newsletter, sign up here. On a recent visit to Salt Lake City, Alexander Dyck ordered Chinese takeout and received a branded […]
After a six-year hiatus, the Clinton Global Initiative returned to New York City this week, bringing together leaders from the worlds of nonprofit, government and business, with a few celebrities sprinkled in for good measure. It has been an eventful few years since they last gathered in 2016. “The challenges we face are steep, but […]
As prices on many goods have increased in recent months, even the most sophisticated retailers like Walmart have struggled to navigate the changes inflation has caused in consumer behavior. Walmart showed on Tuesday that it is continuing to grapple with the issue, saying in its earnings report that, while its U.S. comparable sales increased 6.5 […]
Investors and financial analysts appear unmoved by the passage of a 1 percent tax on companies’ repurchases of their own stock, saying the new legislation is unlikely to have much effect on corporate behavior. The tax is part of the sweeping climate and health bill, the Inflation Reduction Act, that President Biden plans to sign […]
When oil prices fall, many costs for industry and agriculture, including chemicals and fertilizer, generally follow. And shipping becomes more economical. But when they rise sharply, as they did in 2008 and in the 1970s, they tend to increase other prices and suppress the overall economy. And political fallout often ensues. Predicting energy prices has […]
It is an unusual arrangement for unusual times: Above a factory floor in Lviv, Ukraine, where Volodomyr Mysysk has relocated his furniture-making business, he and his 15 employees have become roommates. They have brought their children and their dogs, and share a kitchen above the machinery where they spend their days reviving a company that […]
TOKYO — Restaurants are full. Malls are teeming. People are traveling. And Japan’s economy has begun to grow again as consumers, fatigued from more than two years of the pandemic, moved away from precautions that have kept coronavirus infections at among the lowest levels of any wealthy country. Lockdowns in China, soaring inflation and brutally […]
Over the past week, life at the Chautauqua Institution continued much as it had for 148 summers. Adults whiled away days attending church, playing badminton, taking pottery classes and listening to music on the shores of a picturesque western New York lake. Children attended camp and roamed free even as the sun set. Why would […]
In the weeks after President Donald J. Trump lost the 2020 election, the Fox Business host Lou Dobbs claimed to have “tremendous evidence” that voter fraud was to blame. That evidence never emerged but a new culprit in a supposed scheme to rig the election did: Dominion Voting Systems, a maker of election technology whose […]
