Finance

Uber is continuing to bleed money even as it posts dramatic revenue growth. In its first financial report since its lackluster debut on Wall Street, Uber said Thursday that its revenue rose to $3.1 billion in the first quarter of 2019, up 20% from the same time last year, beating expectations of analysts polled by […]

U.S. long-term mortgage rates fell for the fifth consecutive week, tipping the key 30-year loan average below 4% for the first time in nearly a year and a half. The declining rates have been a boon to potential purchasers in the spring home buying season. Mortgage buyer Freddie Mac said Thursday that the average rate

American companies sold more than $200 billion in computers and electronic goods to foreign buyers last year, including $18 billion to China. And while that was a small part of the United States’ $2.5 trillion in total exports last year, the broader tech sector has accounted for an outsize share of economic growth in recent

U.S. stocks edged higher in midday trading on Wall Street Thursday following two days of losses. The market had started higher but gave up some of its gains by lunchtime. Stocks are still on track for their fourth weekly loss and their first monthly decline of the year. Stocks have been sliding in volatile trading

Pressure from the trade dispute between the U.S. and China is weighing on the retail sector, with shares of many in the industry falling in premarket trading on Thursday. Interested in China? Add China as an interest to stay up to date on the latest China news, video, and analysis from ABC News. Retailers have

Every hour that one of The Advance Group’s trucks is stuck in highway or bridge traffic, it costs the moving company around $200. And with 40 trucks trying to get into Manhattan daily and contending with the New York metro area’s deteriorating infrastructure, the price of lost time runs up quickly. “Getting to and from

Let’s face it: Bonds are boring. Usually, stock markets are the source of hyperventilation and headlines. But right now, all the action is in the bond market. It is sending powerful signals that there’s economic trouble ahead for the United States economy. They’re powerful enough, in fact, that they’re even rattling the parts of Wall

Activist shareholders used Exxon Mobil’s annual meeting to renew their accusations that the company is failing to confront a future that may include stricter regulations to limit climate change caused by burning fossil fuels. A representative of the Church of England’s endowment fund said Wednesday that Exxon has moved more slowly than other major oil

BEIJING — China moved to retaliate against the United States, announcing plans on Monday to raise tariffs on American goods ranging from beer and wine to swimsuits, shirts and liquefied natural gas. The decision, which follows President Trump’s increase in tariffs on Chinese goods last Friday, escalates the pressure in the ongoing trade war. Trade

Asian shares were mostly lower Thursday after another round of selling on Wall Street amid investor worries about a trade war. Japan’s benchmark Nikkei 225 dropped 0.4% to 20,913.68. Australia’s S&P/ASX 200 slipped 0.8% to 6,385.60. South Korea’s Kospi edged up 0.5% to 2,032.49. Hong Kong’s Hang Seng was down 0.5% at 27,092.83, while the