Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit

The oil company's profit milestone is about one-third higher than its prior peak.

 
Louis Vuitton's Owner Is Still Reading China's Tea Leaves

The French luxury company reported record sales in 2022 thanks to American spending, but it's too early to say if China will follow.

 
Tesla Has Become One of the Hottest Stock-Option Trades on Wall Street

Traders have spent $700 billion on options tied to the electric-vehicle maker over the past 13 months.

 
Infrastructure Companies Say Suppliers Pose a Growing Cyber Threat

Companies in critical infrastructure sectors say weak cyber defenses at suppliers are becoming a significant threat to their business, and that rules to boost security down the supply chain might be needed.

 
Intel's Data Warning Hits AMD, Nvidia. Clouds Gather.

Stocks fall as worrying forecast spreads contagion in the market.

 
H&M Profit Battered by Rising Costs, Russia Exit

The fast-fashion giant reported a 68% decline in annual profit after economic and geopolitical challenges hampered its efforts to rebound from the Covid-19 pandemic.

 
Adani Pushes On With Offering as Group Stocks Extend Selloff

India's Adani Enterprises started taking orders for a secondary share offering, even as many of the group's companies extended a selloff in the wake of a critical report by U.S. short seller Hindenburg Research.

 
Bestway Builds Stake in Sainsbury's

Wholesaler Bestway has bought a 3.45% stake in Sainsbury's worth around GBP193 million, but said it wasn't considering an offer for the company.

 
Remy Cointreau Posts Lower Sales as U.S. Consumption Trends Normalize

Remy Cointreau's sales for the third quarter of fiscal 2023 fell 0.7% as consumption trends in the U.S. normalized, but reported a rise in shipments to China ahead of the Lunar New Year.

 
Visa rides a wave of spending to an earnings beat

Visa shares gained more than 1% in after-hours trading Thursday after the financial-technology powerhouse topped earnings and revenue expectations for its latest quarter.

(END) Dow Jones Newswires

January 27, 2023 07:00 ET (12:00 GMT)

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