Business

It took them a few hours, but investors finally decided that good economic news is good for Wall Street. The Dow was up more than 500 points, or 1.7%, in late afternoon trading. It was a wild day for stocks, with the Dow surging more than 300 points after the opening bell before briefly turning

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. On Thursday I devoured a column by political thinker Lee Drutman, for 538, titled “How Much Longer Can This Era Of Political Gridlock Last?” His answer was, in essence, that hyper-partisan politics are here to

Jeep’s new boss says the company is open to dropping the name “Cherokee” from its vehicles in response to objections from the Cherokee Nation. The company is engaged in talks with officials from the Native American tribe, according to Carlos Tavares, CEO of Stellantis, the recently merged automaker that includes the Jeep brand. Tavares made

The United States and European Union have agreed to suspend for four months all tariffs related to the long-running dispute over subsidies to Boeing and Airbus. The suspended tariffs mark a first step toward repairing a transatlantic trade partnership that’s been strained for nearly 17 years by complaints on both sides about subsidies to the

Jeep’s new boss says the company is open to dropping the name “Cherokee” from its vehicles in response to objections from the Cherokee Nation. The company is engaged in talks with officials from the Native American tribe, according to Carlos Tavares, CEO of Stellantis, the recently merged automaker that includes the Jeep brand. Tavares made

So much for good economic news actually being treated as good news on Wall Street. Although stocks opened sharply higher following a solid February jobs report Friday, with 379,000 jobs added last month, the enthusiasm quickly faded in what has turned out to be a volatile day of trading. The Dow climbed more than 300

His past clients say he’s a scammer who ran off with their money, and a judge barred him from illegally masquerading as a certified public accountant after government officials caught on to his scheme. But none of that stopped James Polzin and companies linked to him from seeking — and being granted — at least

A wave of anxiety is sweeping through stock and bond markets as investors prepare to enter a new phase of the pandemic. What’s happening: Concerns are growing that a strong economic recovery later this year will cause a spike in inflation. That’s sparked a selloff in government bonds. When prices fall, yields rise, which weighs

A record number of stores are closing across America. One discount clothing chain thinks it can step in to fill some of those vacancies. Burlington Stores plans to open 100 new stores this year and sees an opportunity to reach 2,000 US stores in the future, the company said Thursday. Previously, Burlington (formerly known as

Last year, people were stockpiling food and essentials at stores and ordering a lot more groceries online. That was great news for America’s biggest grocery chains. Now companies say the pandemic-time boom is over. Kroger, the largest supermarket chain in this country, said Thursday that it expects comparable sales, or sales at stores open for

The finale of “WandaVision” premiered Friday, bringing to an end a successful season for Disney+’s first Marvel Studios series — and with it, a parallel drama that has been unfolding on TikTok. For weeks, fans have taken to the short-form video app to theorize about the show’s many mysteries, creating countless videos of themselves talking,

Tesla is starting to lose market share among US buyers of electric vehicles, and Ford’s Mustang Mach-E appears to be the beneficiary. Analysis by Morgan Stanley shows that Tesla’s share of the US EV market fell to 69% in February, down from 81% a year ago. Tesla’s US sales are still climbing, according to this

US stocks tumbled Thursday after Federal Reserve Chairman Jerome Powell predicted an increase in consumer prices this summer — something investors fear will force interest rates up sooner than expected. Powell, speaking at a conference Thursday, predicted strong job growth and increases in consumer prices as the vaccine rollout allows the economy to reopen fully.

China bucked the global recession in 2020, and in doing so narrowed the economic gap with the United States. Now it says it needs to pick up the pace this year. Premier Li Keqiang on Friday announced that China would target growth of more than 6% in 2021. While China emerged from the global downturn

China bucked the global recession in 2020, and in doing so narrowed the economic gap with the United States. Now it says it needs to pick up the pace this year. Premier Li Keqiang on Friday announced that China would target growth of more than 6% in 2021. While China emerged from the global downturn

China bucked the global recession in 2020, and in doing so narrowed the economic gap with the United States. Now its leaders are about to reveal how they plan to accelerate the pace of growth this year. The “Two Sessions” meeting, China’s biggest political gathering of the year, kicked off this week. On Friday, all