US Business

China’s economy expanded by 2.3% in 2020, roaring back from a historic contraction in the early months of the year to become the only major world economy to grow in what was a pandemic-ravaged year.

The controversial pipeline project would be powered by renewable energy and built by union labor in a series of planned overhauls to avoid being axed by the Biden administration.

The engines for a giant new rocket shut down prematurely during a key test on the ground, a potentially major setback for the space ambitions of NASA and Boeing, its prime contractor.

A surge in state investments has helped lift the Chinese economy from the effects of Covid-19 but likely has worsened one of its deepest weaknesses: low productivity.

We’re still at the mercy of the algorithms. That needs to change, and it’s up to social-media companies to change it, writes columnist Joanna Stern.

Consumers continued to hold back on retail spending during the December peak of the holiday season as the country confronted a surge in coronavirus infections.

A sizable chunk of President-elect Joe Biden’s $1.9 trillion plan is aimed at lower-income people, which, in combination with ultralow interest rates, could drive down unemployment rapidly.

The president-elect’s $1.9 trillion proposal would help low-income families while also advancing Democratic priorities.

The newly formed auto maker, called Stellantis, is set to start trading on Monday in Europe and on Tuesday in New York.

Oil majors bet offering more fresh food and services at gas-station stores can help offset declining oil income.