The drop represents the stock’s largest single-day selloff in nearly 18 years, after the company reported that it lost subscribers in the first quarter. The streaming giant shed $54.3 billion in market cap Wednesday, its largest one-day fall on record.885 min read
The electric-vehicle maker posted a greater-than-sevenfold increase in profit as Elon Musk said the company could boost car production more than expected this year despite supply-chain bottlenecks and disruptions in China.1036 min read
The action comes at the request of the CDC, which said such an order remains necessary for public health.3 min read
U.S. home prices reached a record $375,300 in March while mortgage rates continued to rise rapidly. Sales of previously owned homes declined.2434 min read
The co-founder of the social-media company is one of the only insiders chiming in on the fate of the company he helped create.5 min read
Rising Treasury yields and divergent global central bank policies are driving strength in the U.S. currency.203 min read
Russian forces made incremental gains in their offensive in eastern Ukraine’s Donbas region, while the remaining defenders in Mariupol warned that time was running out and asked to be evacuated to a third country.7088 min read
The Russian president’s comments were his latest nuclear saber-rattling since invading Ukraine.3 min read
Steel magnate Alexey Mordashov dedicated much of his career to strengthening Western ties and distancing himself from politics. Putin’s Ukraine invasion made him a pariah nonetheless.529 min read
Billionaire activist investor Carl Icahn is running proxy fight for two McDonald's board seats over the fast-food chain’s policies.4 min read
The state’s Republican-led House is expected to approve the measure as Florida takes aim at the company’s opposition to gender and sexuality legislation.5 min read
Columnists
Business
The online used-car retailer posted a first-quarter loss of $260 million as its sales took a hit from disruptions in its operations and tougher economic conditions.5 min read
Soaring ticket sales and rising fares trump higher fuel costs for the Chicago-based carrier as domestic air travel approaches prepandemic levels.3 min read
Mobile apps, online reviews and consumer-protection websites have created more venues for consumers to raise safety concerns over products.6 min read
The online food-ordering company is exploring the sale of its U.S. unit after reporting a decline in orders following a boom in sales during Covid-19 lockdowns.3 min read
Laura Paugh, who has died at age 67, overcame rocky starts in school and corporate life.94 min read
Markets
U.S. stock indexes were mixed and bond yields dropped as investors assessed the impact of higher inflation on corporate earnings.4 min read
Low-rated U.S. companies borrowed record amounts in the loan market last year, highlighting the surge in floating-rate debt as interest rates rise.334 min read
The nation’s largest pension fund said in a regulatory filing that it would support a proposal that Berkshire’s board chair be independent.3 min read
U.S.
The Tunnel Fire has spread to more than 19,000 acres near Flagstaff.2 min read
World
The French president said the far-right leader is close to Moscow; she said he is out of touch with voters’ economic struggles.6 min read
From Japan to Thailand, face coverings remain near-universal in public, and countries are keeping mandates.4 min read
Real Estate
The waterfront estate, which also includes a marina, is the most expensive for sale in Nevada.2 min read
Life & Work
Hollywood’s latest crop of work-related shows are gritty and complicated. They are captivating audiences.14 min read
Young professionals graduating from universities this spring are in high demand.1025 min read