Finance

A week ago, the United States and China looked as if they were going to reach a deal to end their trade war. Today, they are trying to salvage their many months of negotiations. Vice Premier Liu He, a senior Chinese economic policy maker, is set to begin two days of negotiations in Washington on […]

The tariff war between Washington and Beijing poses one of the biggest challenges yet for Chinese President Xi Jinping, potentially exposing his political vulnerabilities at a time when the Chinese economy is already slowing. The U.S. effort to win concessions from China on strategic industrial policies has put Xi’s own prestige on the line. It

On a recent Wednesday evening the small, tranquil four-stall bathroom at the “21” Club in Manhattan was free of patrons. Still, Pat Velasquez, 72, dressed in a black blazer and matching pants, and black and white printed silk shirt, stood by the sink, a white paper towel in her hand, ready for someone to enter.

A modest rally faded in the last few minutes of trading on Wall Street, leaving stocks slightly lower Wednesday ahead of the latest round of trade talks between the U.S. and China. The late-afternoon reversal added to the market’s losses following a steep sell-off a day earlier as investors worry that the costly trade dispute

General Motors is aiming to sell a recently shuttered car factory in Ohio to a maker of electric trucks, news that President Trump touted on Twitter on Wednesday. G.M. said in a statement that it was in discussions to sell the plant in Lordstown to a new business partly owned by the electric-truck maker, the

General Motors is negotiating the sale of its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks. The company confirmed Wednesday that it’s in talks with Cincinnati-based Workhorse Group to sell the huge facility, and also announced plans to invest $700 million in three Ohio factories to create 450 additional jobs. The

“It’s unfair,” he said of the public offering. “The bosses are getting billions in their pockets while drivers are living on poverty wages.” The strikes were set to be replicated in other cities, including New York, Washington, Chicago and Los Angeles, and in front of Uber headquarters in San Francisco by the end of Wednesday.

Marathon Petroleum Corp. is merging two of its oil and gas pipeline, transportation and storage operations for $9 billion. MPLX and Andeavor Logistics are both master limited partnerships majority owned by Marathon, which raised the possibility that it might combine the two late last year. Andeavor unitholders will receive 1.135 MPLX common units for each

DAR ES SALAAM, May 7 (Reuters) – Tanzania wants to boost tourist numbers by putting a cable car on Mount Kilimanjaro, Africa’s tallest mountain, and is in talks about the project with a Chinese and a Western company. Around 50,000 tourists climb Kilimanjaro annually. A cable car could increase tourist numbers by 50 percent by

U.S. employers advertised almost 7.5 million jobs at the end of March, a solid figure that signals hiring will likely remain strong in the months ahead. The Labor Department said Tuesday that job openings rose 4.8% from the previous month, while the number of people quitting their jobs slipped. There are now 1.2 million more