Author: Bloomberg News

Semiconductor stocks are took a beating after a grim profit warning from Micron Technology Inc. sparked fresh worries about corporate America’s earnings power with the U.S. potentially heading for a recession.

Zipline International Inc., a drone-delivery company that has made thousands of medical drops in Africa, was approved by U.S. regulators to operate as a small air carrier.

China’s chip industry is growing faster than anywhere else in the world, after U.S. sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components.

China’s semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington.

Real-time trucking data that shows the heavy toll of COVID restrictions on China’s economy is no longer being made publicly available, according to the company that collects the information.

XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.

From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both U.S. travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’…

President Joe Biden said May 10 he and his advisers are weighing whether to cut U.S. tariffs on foreign imports to try to fight inflation.

Shell Plc is in talks to sell its fuel stations in Russia as it withdraws from the country in response to the invasion of Ukraine.

Texas Agriculture Commissioner Sid Miller blasted Gov. Greg Abbott’s “catastrophic” crackdown on cross-border trucking and warned it will lead to food shortages in the second-largest U.S. state.