Finance

Asian shares were mixed Tuesday after a day of listless trading on Wall Street, as investors awaited signs on global interest rates. Japan’s benchmark Nikkei 225 added nearly 0.3% in afternoon trading to 21,379.45. Australia’s S&P/ASX 200 fell 0.7% to 6,599.60, while South Korea’s Kospi edged up 0.5% to 2,030.21. Hong Kong’s Hang Seng was […]

Big tech companies have long rebuffed attempts by the U.S. federal government to scrutinize or scale back their market power. Now they face a new coalition of antitrust enforcers: prosecutors from nearly all 50 states. In a rare show of bipartisan force, attorneys general from 48 states along with Puerto Rico and the District of

SACRAMENTO — A pack of Teamsters fanned out through California’s Capitol building last week, marching into legislators’ offices and pressing them to pass a bill that would force Uber and Lyft to treat their drivers as employees. The measure, Assembly Bill 5, would entitle gig workers to protections like a minimum wage and unemployment benefits.

Financial markets have become so in thrall to President Donald Trump’s tweets that J.P. Morgan has created an index to help identify how much volatility they’re creating. Strategists at the bank developed the “Volfefe” index by measuring which Trump tweets triggered big movements in Treasury yields, one of the world’s most closely followed markets and

Fiat Chrysler is adding more than 875,000 Ram pickup trucks worldwide to a series of recalls to fix tailgates that can open while the trucks are being driven. The expansion covers certain Ram 1500, 2500 and 3500 pickups from the 2013 through 2018 model years that have power locking tailgates. Affected 2015 through 2017 trucks

Consumer borrowing surged in July at its fastest pace since late 2017, driven by a big jump credit card use. Consumer borrowing increased by $23.3 billion in July after a $13.8 billion advance in June, the Federal Reserve reported Monday. It was the biggest monthly gain since a $29.9 billion jump in November 2017. The

A top World Bank official from Europe is in line to head the International Monetary Fund with the organization saying that there is only one person nominated for the job. Nominations are no longer being accepted, the IMF said Monday, and the group’s executive board will conduct interviews with Kristalina Georgieva of Bulgaria. Georgieva has

UPS said Monday it expects to hire about 100,000 seasonal workers and pay them more to handle the avalanche of packages shipped between Thanksgiving and Christmas. That’s about the same number of people that UPS hired for last year’s holiday season. UPS is also counting on automation to keep up with the constant growth in

U.S. stocks edged higher in early trading Monday as rising bond yields lifted banks and AT&T powered gains in the communications sector. AT&T soared in heavy trading after activist investor Elliott Management announced a $3.2 billion stake in the company and called for a shakeup. The communications company did much of the heavy lifting for

TOKYO, Sept 9 (Reuters) ― One of the strongest typhoons to hit the Japanese capital in recent years hit just east of Tokyo on Monday, killing one woman, with record-breaking winds and stinging rain that threatened to burst river banks before heading out to sea. More than 130 flights were canceled and scores of train