×

Money & Markets

Samsung family donating mass art trove to smooth inheritance

SEOUL, South Korea — Samsung’s founding family will donate tens of thousands of rare artworks, including Picassos and Dalis, and give hundreds of millions of dollars to medical research to help them pay a massive inheritance tax following last year’s death of chairman Lee Kun-Hee. The ...

Tesla posts $438M 1Q profit on strong electric vehicle sales

DETROIT — Charged up by strong sales of its electric cars and SUVs, Tesla on Monday posted its seventh-straight profitable quarter. The company made $438 million in the three-month period that ended March 31, as sales more than doubled the same period last year to nearly 185,000 vehicles. ...

AmEx sees drop in revenue as pandemic slows travel, dining

NEW YORK — American Express Co. saw its first-quarter profits rise sharply, but the company saw a significant drop in revenue as fewer customers used their credit cards and those with balances paid down debt. The New York-based company said it earned a profit of $2.24 billion, or $2.74 a ...

Countering Biden, GOP pitches $568B for infrastructure

WASHINGTON — A group of Senate Republicans on Thursday unveiled a public works proposal with a much smaller price tag and a narrower definition of infrastructure than what President Joe Biden has proposed, highlighting the stark differences between the two sides that will be difficult to ...

Businesses scramble for help as job openings go unfilled

NEW YORK — It looks like something to celebrate: small businesses posting “Help Wanted” signs as the economy edges toward normalcy. Instead, businesses are having trouble filling the jobs, which in turn hurts their ability to keep up with demand for their products or services. Owners ...

Netflix’s subscriber growth, stock zapped as pandemic eases

SAN RAMON, Calif. — Netflix’s pandemic-fueled subscriber growth is slowing far faster than anticipated as people who have been cooped at home are able to get out and do other things again. The video-streaming service added 4 million more worldwide subscribers from January through March, ...