China's central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy

CARACAS, Venezuela — The U.S. government and nearly 30 conservative world leaders on Saturday condemned the decision of Venezuela’s highest court to block the presidential candidacy of opposition leader María Corina Machado. The Biden administration, however, remained noncommittal about reimposing economic sanctions on Venezuela, which it has threatened to do if the government of President…

TOKYO — Asian shares were mostly higher on Thursday, with Chinese stocks extending gains after Beijing announced a raft of policies to support sagging markets. Hong Kong rose 1.8% and Shanghai surged 3%. Benchmarks inched higher in Tokyo and Seoul. U.S. futures and oil prices advanced. Late Wednesday, the Chinese central bank announced a set…

FTC launches inquiry into how big tech companies such as Microsoft, Amazon and Google are holding sway over AI startups

Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise, but the new choices opening up to consumers and app developers will only be available within Europe to start. The announcement Thursday comes as Apple moves to comply with upcoming European regulations…

In his 40-year career, William Lucas has seen nearly every step in the erosion of the American garment industry. As general manager of Eagle Sportswear, a company in Middlesex, N.C., that cuts, sews and assembles apparel, he hopes to keep what’s left of that industry intact. Mr. Lucas, 59, has invested hundreds of thousands of…

Stocks that traded heavily or had substantial price changes Friday: Intel, KLA fall; American Express, Olin rise NEW YORK — Stocks that traded heavily or had substantial price changes on Friday: Intel Corp., down $5.90 to $43.65. The chipmaker gave investors a weak earnings and revenue forecast for the current quarter. American Express Co., up…