US Business

The U.S. added 638,000 jobs in October and the jobless rate fell to 6.9%, the Labor Department said Friday, a sign of labor market healing amid rising coronavirus infections.

The Federal Reserve said the coronavirus pandemic poses considerable risks for the U.S. economy despite recent gains, and officials made no changes on Thursday to their commitment to provide sustained stimulus.

Republican and Democratic lawmakers braced for a volatile lame-duck session, with Sen. McConnell expected to take a prominent role in aid talks, while Rep. Pelosi sees no reason to lower demands.

China’s trade surplus with the U.S. and the rest of the world widened in October as the global recovery buoyed demand for made-in-China goods, helping export growth beat market expectations for a seventh straight month.

The Silicon Valley pioneer long held it had to build its flagship chips, the brains of computers, in its own factories. Then it hit the wall with a new generation and is considering outsourcing—a milestone in the story of America’s losing its manufacturing primacy.

The world’s largest hotel operator posted a third-quarter profit of $100 million, following on a pandemic-driven loss in the second quarter, but said a recovery in travel demand remains hard to predict.

CVS Health named as its next CEO Karen Lynch, chief of the company’s Aetna insurance arm, as the pharmacy giant navigates the coronavirus pandemic and a shifting health-care landscape.

Coca-Cola, GM, Estee Lauder and others got a lift in the third quarter from Chinese consumers spending big, even as a surge in Covid-19 cases in the U.S. and Europe tempers demand elsewhere.

Satellite-TV provider’s low-cost online television service bucked the cord-cutting trend while its new wireless service shrank during the company’s first full quarter as a cellphone carrier.

The encrypted messaging platform is allowed to bring the service to a maximum of 20 million users, up from a limit of one million but far from all of its more than 400 million users in India.