Page 7 - Wsj Com News Today

An advertising slowdown, economic worries and strains of the shift to streaming have many major media companies in cost-cutting and layoff mode.

Elon Musk's onslaught Monday against Apple Inc. and a cornerstone of the iPhone business empire has set the stage for a potentially bruising battle between the world's richest man and the world's most valuable company.

China's recent steps to adjust Covid-19 controls and revive activity in the beaten-down property market stirred hopes that Chinese leader Xi Jinping is putting fresh emphasis on measures to support the economy, potentially leading to a strong rebound in growth next year.

For decades, globalization has increased the variety and reduced the cost of food. Now the pandemic, war in Ukraine and other global disruptions have shown how that complex supply chain can also result in more turbulent prices.

The global economy continued to deteriorate as 2022 draws to a close, but not as severely as economists previously feared, raising the possibility the world could avoid a deep slump next year.

Earlier this year, Meta Platforms Inc. quietly convened a war room of staffers to address a critical problem: virtually all of Facebook's top-ranked content was spammy, oversexualized or generally what the company classified as regrettable.

For nearly three decades, Amazon.com Inc. has been defined by its obsession over customers. Recent information, however, suggests that consumer enthusiasm about the largest online retailer in the U.S. has slipped.

In the race to build a more affordable electric car, auto makers are turning to a lower-cost battery type that could lead to less-expensive options, but deliver less driving range.

Twitter Inc. suffered additional senior executive departures as owner Elon Musk said bankruptcy is a possibility for the company, adding to the chaos that has engulfed the social media platform in the two weeks since the billionaire took it over.

In China's state-media narrative, the Communist Party can pride itself on "historic achievements" on women's causes during Xi Jinping's tenure. By other measures, women have lost ground under Mr. Xi.