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.
Sweden’s Spotify has joined other online music providers trying to crack the Japanese market, where compact discs still dominate.
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.
National Amusements, Sumner Redstone’s family holding company, publicly called for the boards of Viacom Inc. and CBS Corp. to explore a merger.
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.
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.
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 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.
The owner of streaming app Inke is China’s newest unicorn thanks to a 19-fold increase in value in eight months.
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.