US Business

The world’s biggest retailer by revenue is teaming up with Microsoft to bid for TikTok’s U.S. operations, which have an asking price of about $30 billion.

Americans’ newfound love for sweatpants has apparel retailers racing to get casual, as they try to kick-start sales decimated by coronavirus-related store closures.

Zhang Yiming, 37 years old, admired Silicon Valley and always wanted to build a global tech company, not a Chinese one. He succeeded, only to find himself caught in today’s U.S.-China standoff.

Long viewed as perennial home renters who were reluctant or unable to buy, the generation now in their mid-20s to late 30s is emerging as a driving force in the U.S. housing market’s recent recovery.

TikTok’s Chief Executive Kevin Mayer said he would be leaving the social-media platform about three months into the job, as the company comes under increasing pressure from the White House over its ties to China.

The Food and Drug Administration has granted emergency-use authorization to Abbott Laboratories for a $5 rapid-response Covid-19 antigen test that is roughly the size of a credit card.

Facebook says privacy changes that Apple has made to its newest operating system will cripple the social-media giant’s ability to serve targeted ads to iPhone users while they use outside apps.

Moderna said its experimental coronavirus vaccine induced immune responses in people aged 56 years and older that were comparable to those seen in younger adults in a small study.

Refineries, petrochemical facilities and ports along the Gulf Coast were closing as the hurricane strengthened to a Category 4 storm with 140-mile-an-hour winds barreling toward the Texas-Louisiana border.

McDonald’s said its investigation into former CEO Steve Easterbrook’s conduct is examining whether he covered up improprieties by other employees alongside allegations of potential misconduct within the human-resources department.