Finance

After selling his first technology company, Gururaj Deshpande donated $20 million to the Massachusetts Institute of Technology to create a center for technological innovation, which bears his name. Mr. Deshpande is proud of the work the center fostered, but the effort focused on what he refers to as the two billion people in the world […]

There was never much doubt that President Trump would make boasts about the economy central to his re-election campaign; that is his style, after all. What is becoming more clear is that the data on the economy are giving him something genuinely worth boasting about. That was especially evident in the first employment numbers of

Ford is shaking up its management after a poor fourth-quarter financial performance and the botched launch of the Explorer SUV By TOM KRISHER AP Auto Writer February 7, 2020, 2:49 PM 3 min read DETROIT — Ford is shaking up its management after a poor fourth-quarter financial performance and the botched launch of the Explorer

LAKE PLACID, N.Y. — Lake Placid is a picture-book village in the Adirondack Mountains offering tourists crisp air, pretty peaks, Winter Olympic sites and, lately, a lot more houses to rent for the weekend. The rising popularity of short-term rentals on services like Airbnb is alarming residents who fear they’re gobbling up so much of

Credit Suisse CEO Tidjane Thiam says he is resigning after nearly five years on the job, acknowledging that a spying scandal caused “anxiety and hurt” and tarnished the reputation of the top-drawer Swiss bank February 7, 2020, 9:47 AM 3 min read GENEVA — Credit Suisse CEO Tidjane Thiam is resigning after nearly five years

With China’s viral outbreak disrupting trade and Boeing’s troubles weighing on American factories, the January U.S. jobs report may provide timely evidence of the U.S. economy’s enduring health By CHRISTOPHER RUGABER AP Economics Writer February 7, 2020, 8:30 AM 5 min read WASHINGTON — With China’s viral outbreak disrupting trade and Boeing’s troubles weighing on

Boeing has found a new software problem with the 737 Max, but the company says fixing it won’t further delay the plane’s return to flying By DANICA KIRKA and DAVID KOENIG Associated Press February 6, 2020, 11:27 PM 3 min read LONDON — Boeing has found a new problem with changes it is making to

California Gov. Gavin Newsom stacked up his state’s financials against America’s and mocked Donald Trump for racking up an extra $3 trillion in debt for what the president characterizes as a “booming” national economy. Trump promised to balance the budget when he was campaigning, but the national debt has now reached a record of more than

Stocks are ending mostly higher on Wall Street, enough to extend the market’s gains to a fourth straight day By ALEX VEIGA AP Business Writer February 6, 2020, 11:07 PM 4 min read NEW YORK — Stocks closed higher on Wall Street Thursday, extending the market’s solid rebound this week and delivering another round of

Pacific Gas & Electric is still operating a rickety power line near the one that ignited a 2018 wildfire that wiped out the Northern California city of Paradise By MICHAEL LIEDTKE AP Business Writer February 6, 2020, 11:57 PM 5 min read SAN FRANCISCO — Pacific Gas & Electric is still operating a rickety power