The company behind the popular messaging app Snapchat is expected to start trading Thursday after a better-than-expected stock offering. Snap Inc. passed its first major test on Wall Street on Wednesday as it priced its initial public offering of 200 million shares at $17 each. That is above the expected… Read More

Banks and other financial companies led U.S. stocks sharply higher in early afternoon trading Wednesday, pushing the Dow Jones industrial average above 21,000 points for the first time. Energy and materials companies were also among the big gainers, while utilities stocks lagged. The rally came a day after President Donald… Read More

Pepsi says slumping sales from Philadelphia’s new sweetened-beverage tax are prompting layoffs of 80 to 100 workers at three distribution plants that serve the city. The company sent out notices Wednesday saying layoffs will occur at plants in north and south Philadelphia and in Wilmington, Delaware, The Philadelphia Inquirer reported…. Read More

Protesters planned marches Tuesday in downtown Vancouver as President Donald Trump’s two eldest sons attended the grand opening of their company’s new hotel and condominium tower in a city known for diversity and progressive politics. Security officers in black suits surrounded the building’s entrance while police gathered on sidewalks at… Read More

Plaintiffs in dozens of lawsuits against air bag maker Takata and five automakers allege the car companies knew that Takata’s products were dangerous yet continued to use them for years in order to save money. The allegations against Honda, Toyota, Nissan, Ford and BMW were made in a filing Monday… Read More

The sole winning ticket for an estimated $435.3 million Powerball jackpot — the 10th largest lottery jackpot in U.S. history — was sold at a northern Indiana convenience store where a store official said Thursday she hopes the winner is someone local. The Hoosier Lottery said the ticket was sold… Read More

Treasury Secretary Steven Mnuchin said Thursday the administration is committed to getting major tax reform legislation through Congress by August. He predicted that President Donald Trump’s economic proposals will be able to boost growth significantly to annual rates above 3 percent. Mnuchin said that tax reform is the administration’s top… Read More