|Budget Deal Likely to Deliver Hefty Business to Defense Companies|
The recent budget deal has handed U.S. defense companies an extra $75 billion over the next two years as the Pentagon boosts spending on aircraft, missiles, tanks and maintaining older equipment.
|The Robots Are Coming for Garment Workers|
Automation is finally invading the garment industry, transforming sweatshops and putting people out of work in poor countries like Bangladesh. For the U.S., that means lower prices and new domestic production possibilities.
|What Stores Do With $90 Billion in Merchandise Returns|
Retailers rang up their strongest holiday sales since 2011, but now they have to figure out what to do with an estimated $90 billion in returned apparel, electronics and sporting goods.
|Steve Wynn Will Lose Hundreds of Millions in Severance Amid Sexual-Misconduct Claims|
Billionaire casino executive Steve Wynn will lose out on collecting hundreds of millions of dollars in severance pay from the company he founded, Wynn Resorts Ltd., following his resignation as chairman and chief executive.
|Judge Is Asked to Disallow Trump Bias Claims in AT&T Merger Trial|
The Justice Department asked a federal judge not to allow AT&T Inc.’s defense of its proposed acquisition of Time Warner Inc. to include a claim that the Trump administration improperly challenged the deal for political reasons.
|For the Federal Reserve, a New Chief but Same Rate Path|
Jerome Powell is stressing continuity as he takes over as Fed chairman, which suggests the central bank will keep gradually raising interest rates this year, unperturbed by recent market volatility and signs of firming inflation.
|Consumer Sentiment Rebounds in February|
U.S. households’ confidence in the economic outlook rebounded this month, as a gauge of consumer sentiment hit its second-highest level since 2004.