President-elect Donald Trump doesn’t take office until Friday, but he is already forcing India’s mammoth $108 billion technology outsourcing industry to rethink hiring practices in the U.S., its largest market.
Martin Winterkorn, Volkswagen’s former chief executive, denied having any personal knowledge of the German car maker’s diesel-emissions cheating in his first major public appearance since the scandal broke in September 2015.
A broad measure of inflation poked above 2% for the first time in two-and-a-half years in December, a sign of diminished economic slack that could support additional moves by the Federal Reserve to raise interest rates this year.
Costco, the warehouse retail giant, began selling golf balls last fall under its Kirkland Signature brand. The balls instantly ranked among the cheapest on the market, but by some accounts, they perform like rivals that sell for more than twice as much.
Wilbur Ross, President-elect Donald Trump’s pick for commerce secretary, provided the deepest view yet of the incoming administration’s likely direction on trade in testimony before the committee considering his nomination.