Tesla will cut 7 percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford.

Oxford University says it is suspending research grants and funding donations from Huawei amid growing security concerns about the Chinese telecom giant.

Malaysia’s Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation.

Global stocks rose Friday after investors saw signs of possible progress toward a resolution of the U.S.-Chinese tariff war.

China and Germany promised Friday to open their markets wider to each other’s banks and insurers, giving Beijing a burst of positive trade news amid conflicts with Washington and Europe.

Mitsubishi Motors held a board meeting Friday to examine the latest allegations of unreported compensation against Carlos Ghosn, who led Nissan for two decades and forged the alliance between the Japanese automakers.

Thousands of federal employees and their families are applying for unemployment and food stamps to get by as the longest government shutdown in U.S. history drags on with no end in sight. But for some of them, it has been an exercise in confusion and frustration.

Yu Mingang had a good job helping Chinese manufacturers prepare to sell shares to the public until the cooling economy derailed those plans.

The Treasury Department appears set to lift sanctions on three companies connected to Russian oligarch Oleg Deripaska despite concerns from lawmakers in both parties who say the Trump administration should be tougher on Russian President Vladimir Putin and his allies.

A federal grand jury in Detroit has indicted four Audi engineering managers from Germany in a widening diesel emissions cheating scandal.

Netflix’s video streaming service added more subscribers than ever during the crucial holiday season, but the company signaled its growth is slowing in the U.S. as it begins to roll out double-digit price increases in its biggest market.

American Express swung to a fourth-quarter profit, the credit card company said Thursday, helped by a lower tax rate and more spending on the company’s namesake credit cards.

Former CBS CEO Les Moonves is fighting the company’s decision to deny his $120 million severance package following his firing over sexual misconduct allegations.

The Trump administration is weighing what could become the most serious tightening of the U.S. trade embargo on Cuba in more than two decades — a move that could unleash a flurry of lawsuits against foreign companies that have invested on the island.

President Donald Trump’s estranged former lawyer acknowledged Thursday that he paid a technology company to rig Trump’s standing in two online polls before the presidential campaign.

A group of Sears creditors are challenging Chairman Eddie Lampert’s hedge fund’s winning $5.2 billion bid to buy the business in a bankruptcy auction and wants to air their grievances in court.

U.S. long-term mortgage rates held steady this week, after falling for six straight weeks to reach their lowest levels in nine months.

With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.

Chinese stocks rose Friday on signs of possible progress in negotiations over Beijing’s tariff war with Washington.

Morgan Stanley says fourth-quarter profit totaled $1.53 billion, more than double from the year-ago quarter.

The Latest on Brexit (all times local):

The number of furloughed federal employees seeking unemployment benefits jumped in the first two weeks of the shutdown, topping 10,000 during the week of Jan. 5.

More than 10,000 students skipped school again in Belgium to join a march demanding better protections of the globe’s fragile climate.

One by one, European Union nations are spending millions, hiring thousands of workers and issuing emergency decrees to cope with the increasingly likely possibility that Britain will leave the bloc on March 29 without a plan.

Facebook said Thursday it removed hundreds of Russia-linked pages, groups and accounts that it says were part of two big disinformation operations, in its latest effort to fight fake news.

Ukraine’s parliament has adopted a bill spelling out procedures for transferring church property after a new unified Ukrainian church was granted independence.

Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children’s clothing retailer will begin winding down operations for good.

Germany’s biggest rail company, under fire for its unpunctual service, is trying to mollify one disgruntled commuter by buying her “delay scarf.”

Work on a major new nuclear power station in Britain was suspended after the developer, Japan’s Hitachi, said Thursday it had been unable to agree on financing with the U.K. government.

Renewed worries over the U.S.-China trade spat weighed on global stock markets on Thursday.

The top U.S. and Chinese trade envoys will hold talks in Washington this month in a possible sign of progress toward ending a costly tariff battle over Beijing’s technology ambitions.

A weakened but defiant Prime Minister Theresa May met lawmakers from Britain’s rival Brexit factions Thursday to try to forge a replacement for her rejected European Union exit plan.

Consumer advocates and the data-hungry technology industry are drawing early battle lines in advance of an expected fight this year over what kind of federal privacy law the U.S. should have.

Japan faces unforeseen risks in guiding economic policy as its population of about 126 million ages and declines, the governor of its central bank said Thursday.

Microsoft says it will devote $500 million to address a problem its own success helped create: the severe need for affordable housing in the Seattle area.

A Tokyo court rejected Thursday another appeal by lawyers of Nissan’s former chairman Carlos Ghosn to have him released on bail.

Asian shares were mostly higher Thursday after strong earnings reports lifted indexes on Wall Street. But a report that the U.S. was investigating China’s Huawei for allegedly stealing trade secrets from American companies limited gains.

California endorsed a rule Wednesday that will allow home marijuana deliveries statewide, even into communities that have banned commercial pot sales.

The Trump administration will roll out a new strategy Thursday for a more aggressive space-based missile defense system to protect against existing threats from North Korea and Iran and counter advanced weapon systems being developed by Russia and China.

John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89.

When he lost his job running a mutual fund company after stocks tanked in the early 70’s, John C. Bogle decided that money managers knew very little about predicting the market — and charged way too much for that lack of knowledge.

Sri Lanka is considering a $300 million loan offer from the Bank of China as it prepares to repay foreign debts this year, a Finance Ministry official said.

The oil and gas industry should not be spared the pain of the partial government shutdown, according to the chairman of the U.S. House Natural Resources Committee.

TSA officials say the rate of airport screeners missing work during the partial government shutdown has stabilized — but still at unusually high numbers — just before a three-day holiday weekend that is likely to bring bigger airport crowds.

The partial government shutdown is a double-whammy for Cara and Philip Mangone, a married couple from Philadelphia. Both are agents with the Transportation Safety Administration, both working full time at the Philadelphia airport. Neither knows when they might again start drawing their paychecks.

America’s largest companies added women and minorities to their boards of directors at a faster pace over the past two years, a period when sexual harassment scandals thrust workplace equality into the spotlight, a study shows.

Apartment developers are paying more interest on their construction loans—but that isn’t keeping developers from planning and financing new projects.

Analysis from RentCafe showed that Thanksgiving and winter holiday spending combined adds up to an average of $1,100 per household.

Strong NOI growth, intense competition are likely to drive up industrial real estate values in 2019.

The REIT plans to sell off $750 million in office assets to improve its leverage ratio.