US Business

Consumer spending grew 0.3% in July and income rose 1.1%, priming the economy for stronger growth once the Delta variant subsides.

Administration expects consumer prices to rise 4.8% in the fourth quarter from a year earlier before quickly abating in 2022.

The biotech startup founder alleges in newly unsealed court documents a decadelong abusive relationship with the company’s former president that could figure in her defense; he denies any abuse.

Investors still hold entrepreneurs to higher standards, but the taint has faded. “It’s a short half-life.”

Federal Reserve Chairman Jerome Powell reaffirmed the central bank’s emerging plan to begin reversing easy-money policies and detailed why he expects a recent rise in inflation to fade.

The sports-media giant has held talks to license its brand to sportsbooks including Caesars Entertainment and DraftKings, according to people familiar with the matter.

The Department of Homeland Security and the Justice Department are seeking information on the reporting of product-related injuries, the company says.

The second-largest U.S. mobile carrier says it failed to protect customer data and has hired security experts to beef up defenses.

These company insiders—from GameStop’s Ryan Cohen to AMC’s Adam Aron—post outlandish tweets and have cult-like followings online.

China plans to propose new rules that would ban companies with large amounts of sensitive consumer data from going public in the U.S., a move that is likely to thwart the ambitions of the country’s tech firms to list abroad.