Finance

The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are finishing lower Friday amid more concerns about the business impact of the U.S.-China trade dispute. Technology shares dropped after chipmaker Broadcom reduced its 2019 revenue forecast by $2 billion, citing U.S. restrictions on sales to Chinese technology firms and hesitation among […]

In the latest defeat for organized labor in the South, workers at a Volkswagen plant in Tennessee rejected an effort to form a union this week. Of the roughly 1,600 workers who voted, 833 opposed the unionization effort, according to results released late Friday. The United Automobile Workers has been trying to organize the factory,

Uncertainty over a Boeing jet and apprehension about the global economy hover over the aircraft industry as it prepares for next week’s Paris Air Show. That show and its alternating-years companion, the Farnborough International Airshow near London, are usually upbeat celebrations of the latest and greatest in aviation technology. In recent boom years, they have

Treasury Secretary Steven Mnuchin on Friday called “completely erroneous” a published report that an initial 2020 deadline for completing the design of a $20 bill featuring Harriett Tubman could have been met. Mnuchin told a congressional committee last month that the redesign of the $20 bill featuring Tubman, a 19th century abolitionist leader, had to

Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in banks and insurers helped temper the market’s losses. Investors dealt

When the Federal Reserve cuts interest rates, or even hints that it’s about to, investors cheer. That’s because lowering rates stokes the overall economy, which sends stock prices higher — usually, that is. The Fed has initiated 16 rate cut cycles since World War II. In 11 of those cycles, the stock market was higher

U.S. industrial production improved in May, but manufacturers showed weakness despite eking out a slight gain. The Federal Reserve said Friday that industrial output, which includes factories, utilities and mines, rose 0.4% in May, after tumbling 0.4% in April. Manufacturing output increased just 0.2% last month, not enough to overcome declines in prior months. Factory

Hong Kong’s former Chief Secretary Anson Chan — long an outspoken advocate for more democracy in the ex-British colony — is urging the city’s chief executive, Carrie Lam, to shelve proposed extradition legislation that has sparked mass protests. On Thursday, dozens of people were injured in clashes with police. In an interview with The Associated

“It’s all what the public believes,” he said. He faulted grading companies like Professional Sports Authenticator, which is part of Collectors Universe, a publicly traded company in Santa Ana, Calif., that offers authentication services for sports memorabilia and trading cards. P.S.A. charges up to $5,000 to grade a card. Mr. Moser said that its graders

Americans stepped up their retail spending last month, a sign that low unemployment and modest wage gains are encouraging consumers to shop. The Commerce Department said Friday that retail sales rose 0.5% in May, after a smaller gain of 0.3% in the previous month. April’s figure was revised up from an earlier estimate that had