Business

Photo: Alex Wong (Getty Images) As Uber public grips with the moral dilemma of having built a company that is a big ass around operating payroll practices, CEO Dara Khosrowshahi now says that if California forces the company to reclassify its contractors as full-time employees, Uber will temporarily close its …

Foxconn chairman Young Liu said Trump’s trade war with China meant his “days as the world’s factory are done,” Bloomberg reported Wednesday. Foxconn, the largest iPhone maker worldwide, said it plans to diversify production line to avoid tariffs imposed by the Trump administration on Chinese-made goods, according to Bloomberg. Liu …

Welcome to the age of satellite mechanization. Within the next few years, large networks, containing hundreds or even thousands of spacecraft, could reshape the future of the Earth’s environmental environment. Much of the attention on these satellite strings has been placed on the productive launches of SpaceX and OneWeb, but …

California seems to be turning a corner after a swell of cases of coronavirus and hospitalizations earlier this summer, though the path to economic recovery is more cautious than ever. Hospitalization has dropped to its lowest point in nearly six weeks, new caseloads are slower and the death toll has …

National discount department chain Stein Mart has filed for bankruptcy after 112 years in the company, and announced Wednesday that it will close most of its 280 stores. “The combined effects of a challenging retail environment coupled with the impact of the coronavirus pandemic have caused significant financial distress to …