US Business

Palantir Technologies is expected to fetch a lofty valuation in its transition to a public company despite an unusually aggressive governance structure, in the latest sign of investors’ voracious appetite for new shares.

After stockpiling early in the pandemic, Americans continue to turn to Costco Wholesale to buy bulk quantities of groceries and cleaning supplies.

The number of applications for unemployment benefits has held at just under 900,000 a week this month, suggesting the labor-market recovery is stalling as layoffs restrain hiring gains six months into the pandemic.

California’s decision to ban sales of new conventional vehicles starting in 2035 shows how regulators’ aggressive emission targets are forcibly reshaping an industry that is struggling to keep its customers on board.

The agreement that the insurance group has negotiated would also require it curb practices that allegedly limited competition among its 36 member companies, according to people with knowledge of the matter.

ByteDance is seeking approval from Beijing for the White House-endorsed plan under new export restrictions, as Chinese state media continue criticism.

Gov. Gavin Newsom signed an order that aims to end the sale of new gasoline and diesel-powered passenger cars in the state by 2035.

The real-estate operator is selling control of its business in China, the latest sign it is abandoning its former rapid-growth approach and looking to reduce risk.

The electric-truck maker’s pursuit of a deal with BP and other energy companies on hydrogen-refueling stations has paused, the first outward indication that allegations against Nikola are affecting its business plan.

Top executives are planning ahead after months of adapting to working from home. While many say they’ve seen enough to judge the pros and cons of the new arrangements, they are reaching different verdicts.