Finance

Delta Air Lines is benefiting from strong demand for air travel this summer and the grounding of Boeing Max planes at key rivals to post record revenue and a bigger profit. The airline is aggressively adding flights and seats, but it is finding more than enough passengers to fill them, leading to even more crowded […]

Well, that de-escalated quickly. Profits surged for U.S. businesses last year, with growth topping 20% for S&P 500 companies in much of 2018. But the gusher got capped at the start of 2019, and analysts say the sputtering out may last most of this year, as the tax-cut jolt wears off and worries about the

Sometimes, ideas can bounce around the intellectual fringes for years before eventually being embraced by the powerful. On Wednesday you could watch it happen in real time, on cable television. In congressional testimony, the Federal Reserve chair, Jerome Powell, argued that despite the low unemployment rate, the job market was not yet in an all-out

Japan and South Korea, two major U.S. allies, are again at odds, this time over Tokyo’s decision to tighten controls on exports of sensitive materials that are mainly used in computer chips and display screens used in TVs and smartphones. The tensions reflect animosities that have persisted for decades. WHAT JAPAN SAYS: As of July

South Korea is seeking U.S. help in a bitter diplomatic row with fellow American ally Japan over its moves to tighten controls on high-tech exports. The government said Thursday that Foreign Minister Kang Kyung-wha discussed the issue with U.S. Secretary of State Mike Pompeo by phone and conveyed Seoul’s view that Japan‘s “undesirable” trade curbs

Shares rose Thursday in Asia, tracking gains on Wall Street after Federal Reserve Chairman Jerome Powell suggested the U.S. central bank is ready to cut interest rates for the first time in a decade. Hong Kong’s Hang Seng jumped 1.2% to 28,539.74 while the Shanghai Composite index added 0.3% to 2,924.85. In Japan, the Nikkei

The latest on developments in financial markets (all times local): 4 p.m. Stocks rose and bond yields fell as investors welcomed new signals that the Federal Reserve is ready to cut interest rates for the first time in a decade. Technology companies led the way higher Wednesday, helping the Nasdaq close at a record high.

Danica Lause manufactured knitted hats in China for four years and struggled the whole time. “I was unable to achieve the level of quality control our brand requires in any of the factories we worked with in China,” says Lause, whose company, Peekaboos, makes hats with openings for wearers to pull their ponytails through. To

Most Federal Reserve officials expressed concern at a meeting last month that the outlook for the U.S. economy was weakening, and many said the Fed should soon cut rates if uncertainty continued to weigh on growth. Some businesses, particularly in manufacturing, have pulled back on spending and hiring because of greater uncertainty about U.S. trade

Stocks finished higher Wednesday as Wall Street welcomed new signals suggesting the Federal Reserve is ready to cut interest rates for the first time in a decade. Technology stocks drove much of the gains, nudging the Nasdaq composite to an all-time high. The benchmark S&P 500 index briefly traded above 3,000 for the first time