US Business

When Huawei Technologies was banned last year from buying American parts, the Chinese tech giant made greater use of its own chips. That strategy is in jeopardy after the Commerce Department last month restricted chip makers globally who use U.S. technology from supplying semiconductors to Huawei.

U.S. companies brought home $124 billion in foreign profits in the first quarter of 2020, the highest level since an immediate rush after the 2017 tax law, according to data released by the Commerce Department.

Nearly all states added jobs last month as business reopenings allowed most areas of the country to start recovering from huge employment losses endured earlier in the coronavirus pandemic.

The economic shock caused by the coronavirus pandemic has exposed a range of “troubling inequalities,” most of which have predated the current crisis, the Fed chairman says.

Banks including Credit Suisse have won court orders to liquidate tens of millions of dollars in Luckin Coffee stock owned by Chairman Charles Lu, a development that could weaken his control over the company.

Many in the auto industry expect the recent online push to continue even as dealerships reopen, with some cutting traditional showroom sales roles and shifting more employees into digital operations.

Bowing to bipartisan pressure in Congress, the Trump administration said it would release the names of borrowers who received Paycheck Protection Program loans of $150,000 or more.

CEO Jeff Shell wants to shake up the entertainment giant as quickly as possible, throwing out old conventions. The pandemic is giving him license to do it.

Theme parks make their money by packing roller coasters with screaming riders and filling wave pools with bobbing bodies. The pandemic upended that model, forcing a 74-year-old amusement palace in southwest Indiana to rethink everything. Holiday World is in for a dizzying summer.

The number of people buying their first iPhone is declining. Apple’s annual Worldwide Developers Conference this coming week will showcase how the technology giant is diversifying so that it no longer has to rely so heavily on its signature product.