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GameStop bros shouldn’t ignore Best Buy blowout

This year’s meme-stock phenomenon GameStop Corp is soaring again. But the Reddit crowd that loves trading the name may be getting too exuberant, especially considering Best Buy Co’s latest strong earnings report. The consumer-electronics retailer is crushing it at both its physical stores and e-commerce business, making GameStop’s turnaround that much more of a challenge. Best Buy said that it ...

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When the day world changed for Big Oil

Three of the world’s biggest publicly traded oil and gas companies — Exxon Mobil Corp, Royal Dutch Shell Plc, and Chevron Corp — were dealt stinging blows on May 26 by shareholders and a Dutch court demanding that they act more quickly to reduce their greenhouse gas emissions. Exxon shareholders voted to appoint at least two climate-conscious members to the ...

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Meituan’s CEO unveils changes to tackle China antitrust concerns

Bloomberg Chinese food-delivery giant Meituan is working to address regulators’ concerns about its business, changing practices that sparked an antitrust probe while promising better treatment for its millions of drivers and restaurants. The Beijing-based company has set up a dedicated team to work with officials conducting the investigation and vowed strict compliance with new guidelines. It’s also providing insurance for ...

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