Finance

A coalition of 161 manufacturers, farmers, retailers, natural gas and oil companies as well as other business groups, has signed a letter asking President Donald Trump to postpone tariff rate increases on Chinese goods slated to take effect this year. The letter, dated Wednesday and organized by Americans for Free Trade Coalition, comes as tariff […]

Stocks overcame an early stumble and closed broadly higher Wednesday as the market more than made up its losses from a day earlier. Retailers, health care and industrial companies notched solid gains. Financial and energy stocks also helped power the rally. The two sectors have taken the heaviest losses this month as fear that the

McDonald’s is introducing a new training program for its U.S. employees after dozens of workers complained about sexual harassment. The Chicago-based company said Wednesday that its franchisees have committed to provide the training — a combination of online work and in-person discussions — to 850,000 employees. Beginning in October, it will educate workers about harassment

It’s the No. 1 reason patients don’t fill their prescriptions: sticker shock. While the price of almost any good or service can be found online, most Americans don’t know what they’ll owe for a prescription medication until they get it. Unexpected costs contribute to the estimated 20 to 30 percent of prescriptions that are never

For stock investors, the trade war has been nothing but trouble. For bond investors, it’s been a dream. Unable to stomach turbulence driven by the escalating conflict between China and the United States, and leery of a darkening outlook for the economy, investors have been pulling money out of the stock market and buying bonds,

Tiffany & Co.’s second quarter profits and sales fell as the jewelry chain grappled with continued weak tourist spending. However, the company stuck with its full-year sales and profit forecast. Tiffany said earlier this year that holiday sales were hurt by a drop in spending by Chinese tourists and other international visitors, and that trend

Lord & Taylor, one of the nation’s oldest department stores, is being sold for $100 million to a rental clothing company. Le Tote Inc. is buying the company from Hudson’s Bay Co., which gets a minority stake in Le Tote and will control two seats on its board. Lord & Taylor, founded as a dry

It could be lights out for tiny toiletries. Marriott International, the world’s largest hotel chain, said Wednesday it will eliminate small plastic bottles of shampoo, conditioner and bath gel from its hotel rooms worldwide by December 2020. They’ll be replaced with larger bottles or wall-mounted dispensers, depending on the hotel. The move follows a similar

Asian stocks were mixed Wednesday as uneasy investors watched for signs of progress on U.S.-China trade after Wall Street slid. Shanghai retreated, Tokyo advanced and Hong Kong was unchanged. Investors who worry the U.S.-Chinese tariff war will drag the global economy into recession were left guessing after President Donald Trump’s conflicting comments on trade talks.

China’s currency weakened by 0.15 percent against the dollar on Tuesday. It was a decline that — on its own — seems unremarkable. But as the trade war between Washington and Beijing drags on, the value of the renminbi is increasingly at the heart of the global fight over trade, technology and economic dominance between the world’s