Package-Delivery Drones Likely Years Away From Federal Approval

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Despite escalating industry pressure for approval of package-delivery drones, safety experts and federal documents indicate widespread flights aren’t likely before the next decade.

Spotify Streams Into Japan

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Sweden’s Spotify has joined other online music providers trying to crack the Japanese market, where compact discs still dominate.

Pending Home Sales Fall in August

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The number of homes in the U.S. that went under contract fell in August to the lowest level since January, the latest sign the housing market lost momentum in recent months.

Redstone Firm Urges Viacom, CBS to Explore Merger

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National Amusements, Sumner Redstone’s family holding company, publicly called for the boards of Viacom Inc. and CBS Corp. to explore a merger.

Fast-Fashion Tricks Are on Display at Department-Store Chains

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Lord & Taylor is taking a page from fast-fashion retailer Zara. The department-store chain is speeding up its supply chain to better catch popular fashion trends.

U.S. Second Quarter GDP Revised Up To 1.4% Gain

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The U.S. economy grew at a modestly faster pace in the second quarter than previously estimated, but the latest data confirms the expansion decelerated in the first half of the year.

U.S. Jobless Claims Rise

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The number of Americans applying for first-time unemployment benefits rose last week but remained at a low level consistent with a generally healthy labor market.

PepsiCo Boosts Earnings Forecast

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PepsiCo raised its earnings forecast for the year as the snack-and-beverage giant reported a surprise increase in core profit, boosted by lower raw-material costs, despite sliding revenue.

China's Streaming Craze Launches a Billion Shooting Stars

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The owner of streaming app Inke is China’s newest unicorn thanks to a 19-fold increase in value in eight months.

Why Markets Are Riding Such a Long and Narrow Path

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There been much talk about policies that might wake up markets, such as helicopter money, fiscal stimulus, or structural reforms. But little or no action.

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