consumption statistics

Best Buy Co. BBY -0.71% is cutting store jobs across the country, as the electronics and appliance retailer works to lower costs as its customers change their spending habits. The retailer cut hundreds of jobs in stores over the past week, including some workers who do jobs such as helping people purchase or plan home-entertainment layouts, according to people familiar with the situation. “With an ever-changing…

Wayfair aims to capitalize on consumers’ renewed interest in in-person shopping. Photo: Gabby Jones/Bloomberg News…

T-Mobile US Inc. TMUS 4.45% posted a steep second-quarter loss as costs tied to its network overhaul and legal expenses piled up, but the wireless carrier raised its outlook for the year as it added more of its most valuable customers. The Bellevue, Wash., company posted a net gain of 723,000 postpaid phone subscribers in the June quarter. The increase topped the average 573,000-connection estimate from Wall Street analysts, according…

OTTAWA—Canada’s Rogers Communications Inc. said it had restored internet and wireless services and that its networks and systems are close to fully operational, following a roughly daylong outage starting early Friday morning that hit over 10 million customers and hampered electronic-banking and debit-card transactions across the country. The company said the outage was the result of an equipment-maintenance update that went awry. Rogers said…

Twitter Inc. TWTR 1.44% officials on Thursday doubled down on defending the accuracy of their calculation of spam on the platform, addressing an issue that has become a potential stumbling block in Elon Musk’s $44 billion deal to buy the company. The officials, who asked not to be named, reiterated on a call with reporters Thursday that spam accounts make up less than 5% of the company’s daily monetizable…

Starbucks Corp. SBUX 1.30% customers encountered longer waits for Frappuccinos, Cold Brew and other items this week as cafes faced what the company said were technical problems with online orders.Some U.S. Starbucks stores across several days this week struggled to fulfill mobile orders and credit-card transactions for stretches of time, as cafes contended with mobile-ordering and payment-processing disruptions, according to company messages viewed by The Wall Street…

A Celsius Network booth at a conference in Paris earlier this year. Photo: Benjamin Girette/Bloomberg News…

It wasn’t that long ago that Facebook META -4.58% seemed to be riding high—with its ad-driven money machine still humming and a valuation that, as recently as September, topped $1 trillion.Facebook’s parent company, Meta Platforms, is today the poster child of the tech reckoning. And, more so than its fellow tech giants, Meta’s fate in the long run is anyone’s guess. Which makes it an interesting time to ponder how much longer its travails will last, and what it might…

The current head of Johnson & Johnson’s consumer-health division will helm the business after J&J turns it into a stand-alone company. J&J said Wednesday it has named Thibaut Mongon as chief executive officer designate of the future consumer-health products company, which J&J plans to split off sometime in 2023. Mr. Mongon has more than 20 years of experience at J&J and has served as executive…

Paramount Global PARA -1.29% said its main streaming platform, Paramount+, added 6.8 million subscribers during the first quarter, as the service benefited from original content including “Halo” and a “Star Trek” series, as well as National Football League games.…