Uber Technologies, the world’s largest ride-hailing company, plans an initial public offering (IPO) that values the company as much as one-third below what the startup’s insiders had hoped for, between $80.5 billion and $91.5 billion. Underscoring the company’s ability to generate revenue but also the scale of its losses,
Swiss drugmaker Novartis on won US approval for its gene therapy Zolgensma for spinal muscular atrophy (SMA), the leading genetic cause of death in infants, and priced the one-time treatment at a record $2.125 million. The Food and Drug Administration approved Zolgensma for children
World stock markets surged on Thursday, with the US benchmark S&P 500 hitting a record high, while the 10-year US Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential US interest rate cuts
Global stock markets shed over $2 trillion in value in May as the US-China trade conflict escalated, with fears of a trade-related economic slowdown intensifying on Friday after US President Donald Trump threatened Mexico with tariffs.
Gap cut its 2019 profit forecast and posted the biggest drop in same-store sales in at least three years at its Gap brand, underscoring its struggles to compete with fast-fashion retailers in the face of changing customer preferences.
New York City police announced early on Saturday that 39-year-old Juan Rodriguez was charged with two counts each of manslaughter and criminally negligent homicide. Police had said
Amazon launched its high-tech Go convenience store a year ago, where shoppers can pull items off the shelf and walk out.
A German-Russian fraudster who tricked New York high society into believing she was a wealthy heiress and stealing more than $200,000 was jailed on Thursday for up to 12 years.
The New York Police Department (NYPD) was trolled mercilessly on Twitter after it posted about "closely monitoring" the fire at the iconic Notre Dame Cathedral in Paris.