US Business

The retail giant is ending its push to have machines developed by Bossa Nova Robotics rove stores to keep track of inventory, after discovering during the coronavirus pandemic that humans can help get similar results.

The startup, headed by Jeffrey Katzenberg and Meg Whitman, promised short-form content designed specifically for mobile phones, and investors poured $1.75 billion into the idea. The duo’s instincts about what would sell proved wrong.

Rental-car companies, crushed by a collapse in bookings at the onset of the Covid-19 pandemic, are now getting a lift from rising used-car prices and more people looking to travel by car.

New rules from the Trump administration restricting skilled foreign workers are unnerving U.S. startup hubs, as founders and investors say the limitations will hamstring their ability to recruit top-tier talent.

The diaspora of tech talent is apparent in towns around the Rockies, where wealth and business activity are rising, along with property prices and wage competition.

Fed officials aren’t preparing to announce any changes after their two-day policy meeting ends Thursday but could begin reviewing contingency plans for possible refinements.

Airlines are resorting to buy-one-get-one-free ticket offers to help travelers feel comfortable flying again and keep at least some cash coming in.

Many companies rebounded faster than expected following the coronavirus-related economic shock this spring, but leaders are warning that the bounceback wasn’t uniform and may prove fleeting as infections surge again.

A gauge of China’s factory activity remained in expansionary territory for an eighth consecutive month, pointing to continued recovery across the world’s second-largest economy.

U.S. households boosted spending last month as incomes rose, another sign the economy continued recovering into the fall from damage inflicted by the pandemic.