Shanghai-based Buick dealer Ron Li in late April found himself in an unfamiliar quandary: how to sell off almost 80 sedans and sport-utility vehicles crowding up his dealership lot.
U.S. stocks climbed on Monday, but were well off highs that sent the S&P 500 to a record, fueled by gains in technology stocks on optimism for progress in U.S.-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei.
California has begun a program that will bring access to a workplace retirement savings plan to an estimated 7.5 million people.
Southwest Airlines expects it will have to remove the grounded Boeing Co 737 MAX jets from its flying schedule beyond the current Oct. 1 re-entry date following the discovery of a fresh safety issue, Chief Executive Gary Kelly told employees on Monday.
WPP is in exclusive talks to sell a majority stake in its data analytics unit Kantar to private equity firm Bain Capital, it said on Monday, in a $4 billion deal aimed at steering the world's biggest advertising company back to growth.
U.S. stocks climbed on Monday, but finished off earlier highs, led by gains in technology stocks on optimism for progress in U.S.-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei.
OPEC ministers on Monday agreed to extend the oil producers' group supply cuts until early 2020 to prop up crude prices and offset the risk of a market glut amid growing U.S. output and a weakening global economy.
California's average gas price per gallon bumped up to a nation high of $3.755 per gallon when a new 5.6 cent gas tax increase went into effect July 1.
Some 77% of companies that have issued guidance have warned that their numbers will be worse than what analysts are expecting.
After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece of equipment made by General Electric Co , a blow for GE's Brazil unit as it battles competing suppliers from China and India.
President Donald Trump said on Monday that trade talks with China were under way by phone and any deal would need to be somewhat tilted in favor of the United States.
Exxon Mobil Corp said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits sequentially and down from a year-earlier.
Just days after reaching a truce in the U.S.-China trade war, the U.S. government on Monday ratcheted up pressure on Europe in a long-running dispute over aircraft subsidies, threatening tariffs on $4 billion of additional EU goods.
Asian shares were choppy on Tuesday as weak global manufacturing activity reinforced worries about slowing world growth, while the initial enthusiasm over a Sino-U.S. trade truce gave way to uncertainty over whether the two nations can strike a durable deal.
Oil prices slipped on Tuesday as worries that a weakening global economy would dent demand for the commodity outweighed OPEC's decision to extend supply cuts until next March.