The distress in commercial real estate is growing as some office buildings sell for much lower prices than just a few years ago.
Category: United States
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U.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAI
The Justice Department and the Federal Trade Commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.
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How Electric Car Batteries Might Aid the Grid (and Win Over Drivers)
Automakers are exploring energy storage as a way to help utilities and save customers money, turning an expensive component into an industry asset.
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Dollar Tree Explores Sale of Family Dollar
Family Dollar has struggled with its operations in recent years, and Dollar Tree said in March that it would close nearly 1,000 of the stores.
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The Floating Traffic Jam That Freaked Us All Out
The coronavirus pandemic schooled the world in the essential role of global supply chains. Have we learned anything from it?
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Wall Street Lands on India, Looking for Profits It Can’t Find in China
Stock markets in Mumbai have surged as big global investors hope India can become a source of growth. It won’t be so easy.
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I.M.F. Is Upbeat on China’s Growth but Questions Industrial Policy
Surging exports and factory investment are buoying China’s output, but the housing market faces serious troubles and industrial policies may hurt other countries.
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Chevron’s $53 Billion Oil Deal Is Backed by Hess Shareholders
Hurdles remain as Chevron and Exxon Mobil wage a legal battle over Hess’s stake in a lucrative oil project in Guyana.
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Teamsters Struggle to Unionize Amazon and FedEx Delivery Workers
The Teamsters union has made little headway in organizing workers at Amazon and FedEx despite wage and other gains it secured at UPS last year.
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How China Pulled So Far Ahead on Industrial Policy
The United States and Europe are trying to catch up to a rival skilled in using all the levers of government and banking to dominate global manufacturing.