Klarna to Raise Fresh Cash at Slashed $6.5 Billion Valuation 

The deal would be a huge comedown for the fintech company, which investors valued at $45.6 billion in 2021.

Micron Foretells a Rough Chip Patch Ahead 

Memory-chip maker's disappointing forecast has strong implications for others across semiconductor space

McDonald's Dollar Drinks Fade in the Face of Inflation 

Some McDonald's locations are axing the chain's U.S. deal offering soda and other cold beverages of any size for a buck as restaurant owners try to manage a record spate of inflation.

Airbus Wins First Major China Jet Order Since Before Pandemic 

China placed a large order on behalf of three of its biggest airlines for close to 300 jets from Airbus, the first major commitment from China to new planes since before the onset of the pandemic.

GM Says Unfinished Cars to Hurt Quarterly Results 

General Motors said it built about 95,000 vehicles without certain semiconductors and other parts and had to set the cars aside instead of shipping them to dealers, weighing on its second-quarter net income.

Kohl's Scraps Talks for Sale to Franchise Group 

Kohl's has called off its sale to Franchise Group amid rising interest rates and an uncertain retail environment.

Airlines Prepare for a Busy July 4th Weekend of Travel 

The number of people flying this weekend is expected to be 1.5% higher than last year, and the industry is bracing for a potentially challenging holiday.

Bed Bath & Beyond Burns Through Cash Reserves 

As it searches for a new CEO, the retailer is working with financial advisers and looking to sell Buybuy Baby.

Health-Insurance Providers Begin Publishing Prices for Medical Care 

Insurers and employers began publicly posting the prices they pay for healthcare services ranging from doctor visits to lab tests, hugely expanding a federally mandated effort to unveil the long-secret rates.

Airbnb's British Invasion Faces Potential Backlash 

Government rules could temper recent growth in short-term rental supply.


(END) Dow Jones Newswires

July 01, 2022 13:00 ET (17:00 GMT)

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