Good Thursday. Want this by email? Sign up here. America is pushing China around on trade. It might work. The Trump administration is using the current trade truce with China to flex its diplomatic muscles in a bid to get its own way. So far, it looks like the strategy may be succeeding. The U.S.…
The stock market has mirrored those concerns since the summer. Shares of carmakers and auto-parts manufacturers are down more than 25 percent this year. Shares of homebuilders have slumped nearly 30 percent. And investors are growing more concerned about the outlook for corporate profits next year, despite third-quarter results that showed that profits at S&P…
Amazon, the world's largest online retailer and its largest cloud-computing company, is pushing into a new line of work: computer chips. Late last month, the Seattle company revealed that it had spent the last few years building a new chip for use inside the millions of servers in its data centers around the world. Amazon…
Amazon says its new headquarters in Long Island City, Queens, will bring 25,000 jobs. It will also bring more crowds, more noise and, yes, more toilet flushing. It might seem mundane, but what happens in the bathroom matters: New York, for all its modern conveniences, sits atop a century-old sewage system used by more people…
• And that may be only part of his alleged fraud: The WSJ reports that prosecutors aired new suspicions that Mr. Ghosn also underreported his income from 2015 to 2018. (The new suspicions allow authorities to detain him for 22 more days without allowing him to post bail.) What happens next: Bloomberg notes that in…
Did you read the classics in school? No, no. I was an economics major. I was a great student — 4.0 G.P.A., valedictorian, all that stuff. I learned to study and play to the test, play to the grade, get to the next step. Now I’m in a position where I can actually devour the…
Days after the Canadian authorities arrested one of China’s leading technology executives at the behest of Washington, Cisco warned some employees that China might return the favor. In an email with the subject line “Travel Restriction to China,” the Silicon Valley networking giant cautioned employees against nonessential travel to China “due to recent events.” Cisco…
Wall Street fought its way back from early losses on Monday, as another volatile day of trading highlighted investors’ unease about the global economy and corporate profits. After slipping by nearly 2 percent in the morning, the S&P 500 finished the day 0.2 percent higher. Markets in Europe and Asia, however, ended Monday in the…
LONDON — Vijay Mallya built a reputation as India’s “King of Good Times.” He invested in alcohol brands, air travel and auto racing. His parties featured an array of celebrities, businesspeople and entertainers. But the freewheeling, flamboyant style he cultivated may be coming back to haunt him. A British court ruled on Monday that Mr.…
In an object with value for wealthy residents and the homeless alike, iconography matters.