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Wall Street Journal
Commercial News

1/27/22

WSJ.com: US Business

Elon Musk Says Tesla Will Prioritize Deliveries Over New Vehicles in 2022
The electric-vehicle maker reported record earnings but hasn?t been immune to supply-chain problems.

Facebook's Cryptocurrency Venture to Wind Down, Sell Assets
The Diem Association, formerly known as Libra, is selling its technology to crypto-focused bank Silvergate Capital for $200 million.

William Ackman Takes Stake in Netflix
The billionaire says his hedge fund has purchased more than 3.1 million shares of the streaming service, whose stock has slumped this year.

Samsung's Fourth-Quarter Revenue Is Best Ever
The South Korean company?s strong performance capped off a year in which it surpassed Intel to become the world?s No. 1 chip maker.

Intel Earnings Dropped, Revenue Edged Higher
The semiconductor maker has been investing heavily to stave off loss of market share and meet growing demand for the chip industry?s products.

Robust U.S. Growth Is Expected for Late 2021, but Omicron Looms Now
Economists predict gross domestic product accelerated in the fourth quarter before the Covid-19 variant sapped the economy?s momentum.

Fed Tees Up March Interest-Rate Increase
The U.S. central bank held short-term interest rates steady while signaling intentions to raise them in mid-March, the latest step toward removing stimulus to temper elevated inflation.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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