The wealthy in America are expected to splurge online for gifts and home decorations this holiday season, even as the COVID-19 pandemic erodes sales growth to the slowest in at…
Category: Business
Asian stocks head higher on China data, markets eye Fed meeting
NEW YORK - Global equities markets rallied on Tuesday, first on upbeat Chinese data and later on an increase in U.S. factory output, while the dollar see-sawed on uncertainty regarding…
Billionaire Steve Cohen agrees to buy the New York Mets
Billionaire hedge fund manager Steve Cohen has signed an agreement with Sterling Partners to buy the New York Mets baseball team, the two sides said in a statement on Monday.…
China extends tariff exemptions for 16 U.S. products
BEIJING - China’s finance ministry said on Tuesday it will extend existing tariff exemptions for 16 products from the United States including lubricants, whey and fish meal by an additional…
Daimler to pay $2.2 billion in diesel emissions cheating settlements
WASHINGTON - Daimler AG DAIGn.DE will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, court documents show. The German…
Former Nissan executive Kelly’s trial begins in Tokyo without Ghosn
TOKYO - Former Nissan Motor Co Ltd executive Greg Kelly denied charges he helped former boss Carlos Ghosn hide income as the American lawyer’s trial opened in Tokyo on Tuesday,…
How ByteDance’s CEO balked at selling TikTok’s U.S. business
ByteDance founder and CEO Yiming Zhang's decision to drop his pursuit of a sale of TikTok's U.S. operations to Microsoft Corp MSFT.O in favor of a partnership with Oracle Corp…