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Inside Marriott’s Disastrous Bet on Short-Term Rental Company Sonder

The investment added rooms for the hotel chain, but the apartment-rental firm collapsed under the high-cost leases. “Everything kind of went straight downhill,” said one manager.

Latest Business

France moves to suspend Shein amid sex dolls controversy as Paris store opens

France has initiated proceedings to suspend online fast-fashion retailer Shein until it complies with French laws and regulations, the finance ministry said on Wednesday, just hours after crowds of shoppers – and protesters – turned out for the opening of the Asian e-commerce giant's first Paris store. 

What the Trump-Xi meeting can and can’t solve

Expect the outcome of the meeting to be a truce—not a treaty

Trump hits Russian oil companies with long-threatened sanctions: 'It was time'

He said the economic impact would be "tremendous" as he met with NATO's Rutte.

S&P downgrades France’s credit rating

The agency has flagged governance challenges and ballooning liabilities in its latest sovereign review

Argentine peso drops against dollar despite US backing

Buenos Aires (Argentina) (AFP) – Argentines scrambled Friday to buy dollars and household items as the peso depreciated against the greenback, despite multi-billion dollars of US support for the under-pressure currency.

How Hailey Bieber Made Rhode Into a $1 Billion Success Story

Bieber joined a growing class of beauty supermoguls this year when her brand sold to Elf Cosmetics for $1 billion. She’s just getting started.

How China and the U.S. Are Racing to De-Escalate the Trade War

Beijing is eager to save a Trump-Xi summit; Washington wants to stem losses in the stock market

Why Trump—And The Right—Want To Take Down Billionaire George Soros

The billionaire philanthropist—one of the great funders of left-wing causes—has been tied to numerous false claims for decades.

Trump says no reason to meet Xi, threatens 'massive' China tariffs

Washington (AFP) – US President Donald Trump said Friday he no longer feels the need for a summit with Chinese leader Xi Jinping this month, slamming Beijing for hostile trade practices and threatening "massive" tariffs.


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