US Business

Americans stepped up retail spending in June, offering a boost to the economic recovery as it faces concerns about accelerating inflation.

Federally funded programs are scheduled to expire in September, but some states have opted out early.

MSP Recovery LLC said in court papers earlier this week it had identified 60 asbestos compensation trusts nationwide that fail to divulge settlement payments made to asbestos injury victims and to reimburse Medicare providers for those peoples’ healthcare costs.

Many restaurant and home chefs prefer cooking on gas-burning ranges, and persuading some to switch to electric stovetops is proving to be a hard sell—a sentiment the natural-gas industry has seized on.

Adam Neumann and Masayoshi Son pushed WeWork to new heights. When their relationship unraveled, WeWork did too.

The Biden administration cautions over the “financial, legal and reputational risks” of operating in the territory as China tightens its grip.

The Transair plane crashed into the ocean near Honolulu this month.

Intel CEO Pat Gelsinger is moving quickly to expand its chip-making capabilities, investing billions of dollars in plants and weighing a deal to buy GlobalFoundries that would value the company at about $30 billion.

As electric cars’ share of the Chinese auto market cross the 10% threshold, foreign makers not called Tesla have failed to convince Chinese consumers that their EVs match the local competition.

China sent state security and police officials to Didi Global’s ride-hailing business as a part of a cybersecurity investigation, escalating a regulatory saga that has gripped China’s tech industry.