Fed Chairwoman Janet Yellen and other top central bank officials are in no hurry to reduce their $4.5 trillion portfolio of securities and other assets, effectively pushing back on several regional Fed bank presidents who have suggested starting the process this year.
Google parent Alphabet’s heated rivalry with Uber over self-driving cars has spilled into the courthouse, after the internet giant sued the ride-hailing company for allegedly stealing trade secrets to jump-start its own autonomous vehicle program.
It took Carlos Ghosn nearly two decades to turn over the helm of Nissan Motor Co. to a successor. At 62 years old, he has far less time to check off a task he has yet to complete: put the French government in its place.
President Donald Trump convened the leaders of some of the country’s biggest manufacturers at the White House to share proposals for overhauling corporate taxes and regulations, and reviving the manufacturing sector.
Hewlett Packard Enterprise suffered its steepest drop in quarterly revenue since it split from the PC and printer business, and lowered its outlook for the year, suggesting further weakness in corporate tech spending.
The proposal could benefit companies that export fuel products or sell domestic crude by making imported oil more expensive, but it also could hurt companies that must import crude from other countries.