Recent Business News
SAN FRANCISCO Tesla Motors Inc faces a pivotal moment Wednesday in its fight to convince skeptical investors that it can still win against traditional auto makers in the competition to reshape the auto business.
NEW YORK Facing a hostile Congress in an election year, President Barack Obama will be hard-pressed to push through many of the proposals in his final budget as U.S. leader.
WASHINGTON The U.S. National Highway Traffic Safety Administration said Monday it is expanding a defect investigation of 856,000 Fiat Chrysler SUVs and cars because the vehicles may roll away after drivers exit, thinking they have put the transmission in Park. The government's investigation covers the 2014-15 Jeep Grand Cherokee SUV, 2012-14 Dodge Charger and Chrysler 300. The vehicles under investigation have "E-shift" gear-shifts that operate electronically.
Technology shares with lofty valuations, including those of midcap data analytics company Tableau Software Inc and Internet giant Facebook Inc, extended their losses on Monday following a gutting selloff in the previous session.
U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day. | Video