In win for Uber, Lyft, judge strikes down New York City's cruising cap

A New York state judge on Monday ruled in favor of Uber Technologies Inc and Lyft Inc in a lawsuit against New York City, striking down a new rule limiting how much time drivers for ride-hailing services can spend cruising streets in busy areas of Manhattan without passengers.

Forget store traffic and bag count: Gauging retail performance in an online world

Marshal Cohen has religiously visited the same stores every holiday season since 1999.

Factbox: Sizing up retailers' performance as online sales surge

As online shopping upends the retail business, many Wall Street analysts say traditional measures such as counting the number of people who visit stores on major shopping days are no longer a reliable gauge of a company's performance.

Oil steadies as Russia touts easing OPEC+ output

Oil prices were little changed on Monday as Russia said an OPEC-led producer group may consider easing output cuts next year, offsetting support from some investor optimism that an initial U.S.-China trade deal would be signed soon.

Shares inch to new highs on trade hopes; dollar little changed

The dollar traded little changed while equity markets added to a year-end rally on Monday, with both a gauge of stock performance worldwide and Wall Street hitting new highs amid renewed optimism over U.S.-China trade and growth prospects.

Electric vehicle startup Rivian scores $1.3 billion investment from T.Rowe Price, others

Electric vehicle startup Rivian said on Monday it closed a $1.3 billion investment round, led by fund manager T. Rowe Price but also including existing investors online retailer Amazon.com Inc and No. 2 U.S. automaker Ford Motor Co.

S&P 500, Nasdaq hit records amid trade optimism; Boeing boosts Dow

The S&P 500 and the Nasdaq hit record highs on Monday after President Donald Trump said an initial U.S.-China trade pact would be signed soon, while Boeing was a big boost to the Dow after the planemaker ousted its chief executive officer.

Boeing ditches CEO Muilenburg in bid to contain 737 MAX crisis

Boeing Co has fired its Chief Executive Dennis Muilenburg, seeking to restore confidence after two fatal crashes forced the world's biggest planemaker to halt production of its best-selling 737 MAX jetliner.

Exclusive: Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory - sources

U.S. electric vehicle maker Tesla Inc and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker's Shanghai car plant, three sources familiar with the matter said, part of which will be used to roll over an existing loan.

'So high': Tesla shares cross $420 mark over a year after Musk buyout tweet

Tesla Inc shares traded above $420 on Monday, more than a year after Elon Musk tweeted he had "funding secured" to take the electric car maker private at that price, only to later give up under investor pressure and regulatory concerns.

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