Business

Until late last month, there was optimism in the insurance industry. Hurricane season had been quiet and the number of wildfires was still below the yearly average. Insurers were beginning to hope that the cost of reinsurance — that is, insurance for insurers — would only inch up next year, …

China’s powerful Ministry of Finance said on Saturday that it would borrow more to help cash-short localities and put more money in the hands of state-owned banks, an effort to address a severe slowdown in real estate and shore up crumbling consumer confidence. Lan Fo’an, the finance minister, did not …

As they met in the lobby of the Omni Viking Lakes Hotel in Minnesota in late August, Jerry Jones, the owner of the Dallas Cowboys, and Robert Kraft, the owner of the New England Patriots, greeted each other warmly, sharing fist bumps as a small entourage that included their oldest …

Boeing’s new chief executive on Friday announced plans to reduce its work force by 10 percent, or about 17,000 jobs, as he seeks to restructure the company in an effort to slash costs and improve production of planes, which has been plagued by numerous delays. Kelly Ortberg, who became chief …

A district court in Sweden ruled on Friday that it could not force a local postal company to resume deliveries to Tesla that had stopped nearly a year ago as part of a wider labor dispute aimed at getting the U.S. automaker to sign a collective bargaining agreement. Tesla filed …

Paul Unnasch notices the $335 in payroll taxes coming out of his paycheck every month for Social Security, and wishes he could get those dollars back. “If there was a way to opt out of Social Security, I would,” said Mr. Unnasch, a 27-year-old technical writer who lives in Milwaukee. …

In an early test of the effect the Federal Reserve’s big interest rate cut has had on the finance business, the verdict is: mixed. Profits were down at JPMorgan Chase and Wells Fargo, two of the nation’s biggest banks, they reported on Friday, yet their results largely surpassed expectations. The …

In his four-year career as Missouri’s starting quarterback, Brady Cook has thrown for 7,603 yards and 43 touchdowns. He led the Tigers to a victory in last year’s Cotton Bowl. And even after an upset loss over the weekend, his team is in a position to compete for a spot …

After years of promises, Tesla on Thursday unveiled a car that Elon Musk, the company’s chief executive, said will be able to drive itself without human supervision. Mr. Musk has said the vehicle will add trillions of dollars to the company’s stock market value and fuel its growth. The “robotaxi,” …

Thirteen states and the District of Columbia sued TikTok on Tuesday, accusing the company of creating an intentionally addictive app that harmed children and teenagers while making false claims to the public about its commitment to safety. In separate lawsuits, a bipartisan group of attorneys general cited internal company documents …