US Business

If there is one trait that would link a TikTok acquisition with the other big deals Microsoft Chief Executive Satya Nadella has done, it is his willingness to pay big bucks to expand the software giant’s universe of users.

Lordstown Motors, the latest company looking to tap investor excitement around battery-powered vehicles, said it will merge with publicly traded DiamondPeak Holdings in a deal that aims to list it on the Nasdaq.

Tech columnist Joanna Stern explains the attraction of the app and how it has captivated a global audience rushing to save it.

An artificial-intelligence company recently awarded a Chinese patent for a voice assistant similar to Apple’s Siri has filed a patent infringement lawsuit against Apple that, if successful, could prevent the American tech giant from selling many of its products in the world’s second-largest economy.

President Trump said he was ready to approve a purchase of the U.S. operations of the Chinese video-sharing app TikTok, but only if the government receives “a lot of money” in exchange.

Fuel maker Marathon Petroleum agreed to sell its gas stations to the owners of the 7-Eleven convenience-store chain for $21 billion in the largest U.S. energy-related deal of the year.

Lord & Taylor, an industry pioneer dating back nearly 200 years, filed for bankruptcy along with its owner, the venture-backed fashion-rental subscription service Le Tote.

Covert talks began weeks ago on a transaction that could reshape the global tech landscape and further strain U.S.-China relations. After the software giant’s CEO and President Trump spoke Sunday, Microsoft said an agreement could include the video app’s operations in Canada, Australia and New Zealand.

Two NASA astronauts returned to Earth on Sunday in a retro-style splashdown, their capsule parachuting into the Gulf of Mexico to close out an unprecedented test flight by Elon Musk’s SpaceX company.

Consumers increased spending 5.6% in June but appear to have pulled back since then, restraining the economy’s recovery from the pandemic.