Shein, a Chinese fast-fashion giant, plans to create 100,000 new jobs in Brazil over the next three years through a partnership with 2,000 textile factories across Latin America’s largest economy as a way to consolidate its presence in the region.
Federal Reserve Bank of Cleveland President Loretta Mester said policymakers will gauge the impact of banks tightening their lending standards when they meet next month to discuss the peak rate.
Amazon.com Inc.’s Whole Foods Market grocery chain plans to lay off hundreds of corporate employees as part of a reorganization, the company announced Thursday.
Tesla Inc. shares slid the most in more than three months after Elon Musk indicated his company will keep cutting prices to stoke demand even after markdowns early this year took a significant toll on profitability.
The producers of CoComelon, the popular children’s YouTube channel and Netflix show, are developing a movie based on the successful animated characters, according to people familiar with the matter.
China’s military plans to conduct at least five drills in various areas that include waters off its coast and in the South China Sea, amid simmering tensions with Taiwan and the US.
The raucous debut for China-based U Power Ltd. sent shares soaring 620% and triggered a bevy of halts for volatility as investors flip shares of the newest company to list in the US.
SpaceX’s attempt to send its Starship system into space on Thursday ended in a blast after an engine failure forced it to blow up the rocket shortly after liftoff.
AT&T Inc. fell the most in more than two decades after the No. 3 US wireless carrier missed analysts’ estimates for free cash flow in the first quarter and added fewer subscribers than a year earlier, signaling tight competition among rivals.
Marathon commercial flights that test the limits of long-range jets are getting help from an unlikely source to avoid falling short of their destinations: machine-learning algorithms.
