Bloomberg Puerto Rico employers reduced payrolls in October by the most in 21 years after Hurricane Maria devastated the island and knocked out power for weeks to most of the territory, Labor Department figures showed. The drop totalled 3.6 percent of payrolls, or 31,600 people— the biggest drop since 1996— reducing nonfarm employment to 842,000, the lowest level since 1991. ...

Bloomberg Apple Inc. said its next major new hardware product, the HomePod speaker, is being delayed until early next year, missing the key holiday shopping season. “We can’t wait for people to experience HomePod, Apple’s breakthrough wireless speaker for the home, but we need a little more time before it’s ready for our customers,” Apple spokeswoman Trudy Muller said. “We’ll ...

Bloomberg Stitch Fix Inc. initially soared before sinking back near its offer price in a downsized $120 million initial public offering that fell about a third short of its target. The online personal-styling service backed by Benchmark jumped almost 24 percent in its trading debut. After then dropping as much as 1.3 percent below the $15 offer price, the shares ...