WeWork co-founder Adam Neumann stepping down as CEO
WeWork’s co-founder Adam Neumann is stepping down from his role as CEO of the co-working startup, the company announced Tuesday. The announcement comes in the wake of the company announcing…
Trump scores a victory in bicoastal battle over tax returns
President Donald Trump’s efforts to keep his tax returns private played out on both coasts Thursday, with a California judge handing him an initial victory and his lawyers in New…
GM no longer paying for striking workers’ health insurance as negotiations enter 3rd day
General Motors is no longer paying the health care costs for the tens of thousands of auto workers who went on strike on Monday, shifting the costs instead to a…
More than 100 business execs demand ‘urgent action’ from lawmakers for ‘America’s gun violence crisis’
Scores of executives from some of the nation’s biggest business demanded “urgent action” from lawmakers on “America’s gun violence crisis,” writing in a letter that the tragedies are “preventable.” Interested…
GM recalls over 3.4M pickups, SUVs to fix brake issues
Under pressure from the federal government, General Motors is recalling nearly 3.8 million big pickup trucks and SUVs in the U.S and Canada to fix a brake problem. Interested in…
US economy grew at a moderate 2% annual rate last quarter
The U.S. economy slowed in the spring, and most analysts expect it to weaken further in the months ahead. Yet the main driver of growth — consumer spending — remains…
Forever 21 may file for bankruptcy: Report
Fashion retailer Forever 21 is reportedly preparing for a bankruptcy filing. The fashion chain, established in 1984, has been in negotiations with financial advisers and lenders in wake of unprofitable…
Recession fears have some automakers remembering 2009
Automakers would like to forget the economic bloodbath of 2009. But with talk of a global recession accelerating in recent weeks, auto executives are preparing for the worst — while…
Ex-Google engineer charged with stealing company’s trade secrets for driverless cars
A former Google engineer spent months downloading Google’s secret files on self-driving cars before he abruptly quit the company in 2016 to run Uber’s autonomous vehicle program, federal prosecutors alleged…
US stocks rally for US-China trade war thaw
Stocks closed broadly higher on Wall Street Monday as investors found reason to be cautiously optimistic again about the potential for progress in the costly trade war between the U.S.…