Chicken, Turkey and Tuna Have a Beef With Your Burger

Beef, which has long fulfilled America’s hunger for hamburgers, faces fresh competition from poultry producers pushing their own patties onto U.S. grills.

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Pork Giant Loses Essential Legal Battle in Manure Case

Chinese-owned pork giant Smithfield Foods lost a pivotal legal battle on Friday, as a federal jury awarded $25 million to a rural couple for the nuisance caused by living near a Smithfield contractor’s hog farm.

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Why Amazon Needs to Do Everything

Amazon’s surging market value is predicated on hitting lofty growth ambitions.

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Creditors Probe Gibson's Pre-Bankruptcy Dealings

Creditors are stepping up a probe of guitar-maker Gibson Brands Inc.’s pre-bankruptcy dealings, looking for signs the troubled company favored senior lenders, including  affiliates of private-equity giants Blackstone Group and KKR.

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Can't Find a PlayStation 4? Blame It On a Part Barely Bigger Than a Speck

Tiny components called multilayer ceramic capacitors power everything from smartphones to cars. And there’s a global shortage of them.

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Comcast Blames Widespread Service Outage on Cut Fiber Line

Cable giant Comcast Corp. is responding to a widespread outage Friday that has left customers without cable, internet and phone services in several areas around the country.

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Amazon's Pharmacy Deal Threatens Retail Drugstores

Amazon’s purchase of PillPack gives the company a platform to sell medicines but is unlikely to alter how high-priced drugs are paid for.

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The New Tech Avengers

An unlikely triumvirate of Silicon Valley insiders is holding the tech industry accountable on privacy and addiction. Yesterday, they scored a major victory in California, where legislators passed a sweeping data-privacy law.

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GM Says Tariffs on Auto Imports Could Hurt Its Business, Drive Up Car Prices

General Motors warned the Trump administration that tariffs on vehicle imports would hurt its competitiveness, cost U.S. jobs and result in “a smaller GM.”

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World's Biggest Battery Proposed in California

A California utility is seeking permission to have a company build the world’s largest battery, joining a growing list of power companies investing in storing electricity.

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Constellation Sees Rising Beer Sales, but Costs Hurt Margins

Beer sales at the company rose 11% from the comparable quarter a year ago to $1.38 billion in Constellation’s latest quarter, helped by brands like Corona and Modelo.

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Kudlow Says White House Hopes Fed Will Raise Rates 'Very Slowly'

President Donald Trump’s top economic adviser said he hoped the Federal Reserve would raise interest rates “very slowly,” breaking with a 25-year White House precedent of generally refraining from commenting on monetary policy.

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California Shields Big Soda From Local Taxes

State lawmakers banned all local taxes on groceries for 12 years in California on Thursday, a major victory for the soda industry, which used the state’s ballot-initiative system to force legislators’ hands.

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ZTE Replaces Board to Push Trump Deal Closer

Fourteen directors resigned from ZTE’s board, including Chairman Yin Yimin, as the Chinese telecom aims to satisfy demands from the U.S. Commerce Department to lift penalties that have devastated its business.

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Sprint Names New Finance Chief

Sprint has named Andrew Davies, a veteran European telecommunications executive, as its new chief financial officer.

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U.S. Inflation Hits Six-Year High in May

U.S. inflation posted its highest annual growth rate in six years last month as lower unemployment and faster output of goods and services reduce slack in the economy.

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AT&T, Sprint Boost Customer Fees

AT&T and Sprint have recently raised the administrative fees they charge customers, moves that will bring in hundreds of millions of dollars in additional revenue for the companies.

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SandRidge Energy Makes Stronger Push to Sell

Now under the control of Carl Icahn, the board of SandRidge Energy is ramping up its efforts to consider selling itself by extending the deadline for bids and casting a wider net for interested parties.

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U.S. Consumer Spending Rose 0.2% in May

U.S. consumers only modestly increased their spending in May despite improved incomes, as year-over-year inflation posted its largest increase in over six years.

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The Texas Well that Started a Revolution

Two decades ago, an engineer tried a new way to get gas out of the ground. Energy markets and global politics would never be the same.

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Rambus Fires CEO Ron Black

The company, which licenses technology used in semiconductors and software, accused the chief executive of conduct that “fell short of the company’s standards.”

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Treasury Chief Calls Capital-Gains Change a Job for Congress First

Treasury Secretary Steven Mnuchin, urged by conservatives to use his department’s regulatory power to adjust capital-gains taxes for inflation, said he would rather Congress consider the matter first.

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Eurozone Inflation Tops ECB Target for First Time in More Than a Year

The eurozone’s annual rate of inflation rose above the ECB’s target for the first time since early 2017 during June, but that was largely due to higher energy costs, while underlying price pressures remained muted.

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IRS Changes 1040 Tax Form, Even as Taxpayers Switch to Digital Filing

With fewer people using the paper form to file their taxes, the real-world impact of the shortened new 1040 may not be so drastic.

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Fed's Rosengren Discusses Economic Outlook and Risks

The Boston Fed president speaks to The Wall Street Journal in wide-ranging interview.

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SoftBank Hires Ford's Top Lobbyist as It Beefs Up Its Beltway Presence

SoftBank poached Ford Motor’s chief global lobbyist who will lead a new effort to build a presence in Washington.

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Cigarette Maker Imperial Bets on Medical Cannabis

Imperial Brands, the owner of Winston and Maverick cigarettes, bought a minority stake in Oxford Cannabinoid Technologies, a U.K.-based startup focused on research into medical uses of cannabis.

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Activist Chris Hohn Pushes Fox to Consider Comcast Bid

Activist investor Chris Hohn opposed Fox’s arguments that a takeover bid from Comcast would face greater regulatory risk than Disney’s offer, in a push for a bidding war over Rupert Murdoch’s entertainment empire to continue.

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Xiaomi Prices Hong Kong IPO at Bottom of Target Range

Chinese smartphone maker Xiaomi priced a $4.7 billion initial public offering at the bottom of its target range, pulling off one of 2018’s largest IPOs despite investor skepticism about its growth prospects.

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Novartis to Spin Off Alcon Eye-Care Business

Novartis said it would spin off its Alcon eye-care business, the latest move by the company’s new chief executive to reshape the Swiss drug giant.

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IRS Nominee Rettig Says Rebuilding Trust is Priority

Charles Rettig, President Trump’s choice to run the Internal Revenue Service, said his priority is rebuilding trust among the tax agency, the public and Congress, contending that those better relationships will be crucial to smooth implementation of the new tax law.

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Shopping for an Unlimited Smartphone Plan? Know Their Limits

What is unlimited, can be upgraded to extra unlimitedness, yet has limits? Answer: The “unlimited”—but not quite unlimited—plans offered by America’s leading cellular carriers.

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Starbucks Finance Chief Set to Depart Amid Sales-Growth Challenges

Starbucks Chief Financial Officer Scott Maw will retire in November amid sales pressures and plans to close 150 U.S. stores in the next fiscal year.

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Hulu's Fate Hinges on Outcome of Fox Bidding War

Walt Disney Co. and Comcast are each vying to acquire the bulk of 21st Century Fox’s entertainment assets, including its 30% stake in Hulu.

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Pay for Big-Company Directors Tops $300,000

Median pay for the directors of 100 of the largest U.S. companies rose 3.4% from $290,000 in 2016, according to the study from pay consultancy Compensation Advisory Partners in New York. .

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Amazon to Buy Online Pharmacy PillPack, Expanding Into Health Care

Amazon.com agreed to acquire online pharmacy PillPack as the retail giant expands into the health-care and pharmaceutical business.

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China Rebuffs U.S. Efforts on Behalf of Airlines

China has rebuffed a U.S. request for talks about China’s demand for international airlines to start referring to Taiwan as part of China, leaving the administration was considering how to respond from here.

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Kroger Plans to Introduce Driverless Grocery Deliveries

Kroger, the largest U.S. supermarket chain by sales, said it would work with electric-vehicle startup Nuro to test what they called the world’s first driverless grocery deliveries.

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California Rushes to Tighten Data-Privacy Restrictions

California is weighing an online data privacy bill that would grant consumers sweeping privacy protections, including the right to prohibit the sale of personal data to third parties and opt out of sharing it altogether.

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Australia's $26 Billion Warship Deal Goes to Britain's BAE

Britain’s BAE Systems has won a $26 billion contest to build nine anti-submarine frigates for Australia’s navy, beating Italy’s Fincantieri and Spain’s Navantia, as the U.S. ally joins an Asian arms race.

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Visa, Mastercard Near Settlement Over Card-Swipe Fees

Visa and Mastercard are close to settling a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments.

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Boston Fed's Rosengren Says It's Time to Take Away Monetary-Policy Punch Bowl

Banner job growth, soaring corporate profits and one of the longest expansions on record have given Washington plenty of reasons to cheer the economy. Boston Fed President Eric Rosengren came to town with a sobering message Wednesday: stop partying and start restocking the bar for when the economy heads south.

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U.S. GDP Growth Revised Down to 2% Rate in First Quarter

Economic growth was slower at the beginning of 2018 than the government previously reported.

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U.S. Jobless Claims Rise 9,000 to 227,000

U.S. employers increased the number of workers they laid off last week, though the level hovered near multidecade lows.

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Sempra to Sell Wind and Solar Assets

Sempra Energy is pivoting from alternative energy and selling its wind and solar assets in the U.S., along with some natural-gas assets, and said it would take an take an impairment charge of as much as $925 million.

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Walgreens to Buy Back $10 Billion in Shares

Walgreens Boots Alliance plans to repurchase as much as $10 billion of its shares and raised its dividend, as the drugstore chain and newest Dow component becomes the latest company to return additional capital to investors following the new U.S. tax law.

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Some Economists Boost Estimates for U.S. Growth

May trade data from the Commerce Department has prompted some forecasters to upgrade their estimates for growth in the second quarter.

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New 1040 Tax Form: Shorter, But There Are More Forms to Fill Out

The IRS is about to release the new version of the Form 1040, the main form used in individual taxation. Here is a quick guide to what is expected to change.

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IRS Nominee Owns Property at Trump-Branded Project in Hawaii

President Donald Trump’s nominee to run the IRS is likely to face questions at his confirmation hearing Thursday about his ownership of real estate in a Trump-branded property in Hawaii.

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Eurozone Business Confidence Holds Up in Face of Fresh Tariffs

Businesses across the eurozone remained upbeat about their prospects in June, even as new tariffs were imposed on trade between the European Union and the U.S., with fears that more will follow.

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U.S. Ports Say Tariff Battle Could Hit Shipping Volumes

Los Angeles says 15% of its cargo business may be subject to levies, potentially cutting into demand and jobs at the major American gateway and beyond.

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Facebook Investors May Be Too Quick to Forgive

Investors have been quick to forgive Facebook for its lapses regarding the safekeeping of user data. Perhaps too quick.

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Nut Company Owners' Foundation Lends Millions to Business Associates

Billionaire couple Stewart and Lynda Resnick’s charitable foundation has pursued an unusual investment strategy: lending millions of dollars to the pair’s business associates. In 2016, the loans made up 88% of the organization’s total assets.

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Delaying Payments to Suppliers Helps Companies Unlock Cash

Stanley Black & Decker has spent the past 12 years convincing vendors to give it a little more time to pay its bills—an effort that lets the tool maker invest that cash into its operations.

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U.S. Approves Disney's Buy of Fox Assets

The Justice Department approved a Walt Disney proposed $71 billion acquisition of Fox assets, on the condition that Disney divest Fox’s regional sports networks.

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Google Sets Rules to Curtail Employee Debates

Google is trying to quell the debates roiling its workforce by setting new internal rules designed to limit offensive language and ad hominem attacks.

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Harley-Davidson Defends Plans to Make Hogs Abroad

Harley-Davidson is pushing back against complaints from President Trump, workers and dealers who say the company is abandoning its U.S.-made bona fides by moving some production overseas to avoid retaliatory EU tariffs.

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Slack Outages From 'Connectivity Issues' Hit Workplaces

Workplace messaging platform Slack is up and running again after it dealt with outages for several hours Wednesday as a result of “connectivity issues.”

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Lyft Valuation Doubles to $15.1 Billion Over One Year in Battle With Uber

Ride-hailing firm Lyft has raised new capital that doubles its valuation from last year to $15.1 billion and gives it more firepower as bigger rival Uber tracks toward an initial public offering.

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Ford to Work With Baidu as It Seeks to Stop Slide in Chinese Sales

Ford plans to team up with Chinese internet-search provider Baidu to develop new AI technology and digital services, as the auto maker looks to regain footing in the world’s largest auto market.

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Publisher to Feature Ex-Playmate After Allegation It Buried Trump Affair Story

The publisher accused of buying and then suppressing a Playboy model’s claim she had an affair with Donald Trump ordered one of its magazines to feature the woman on its cover against her wishes, people familiar with the matter said.

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The Airline Fee That Exists for No Apparent Reason

Beware ‘carrier-imposed fees’ on international flights when searching for frequent-flier award tickets. Why hide a fare as a fee?

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Facebook's Latest Problem: Tracking Where the Data Went

Facebook’s internal probe into potential misuse of user data is hitting fundamental roadblocks: The company can’t track where much of the data went after it left the platform or figure out where it is now.

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Supreme Court Deals Blow to Public-Sector Unions

The Supreme Court has barred public-employee contracts requiring workers to pay union dues, dealing a severe blow to perhaps the strongest remaining redoubt of the American labor movement.

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General Mills to Cut 625 Jobs

The cuts comes as the company reduces costs amid challenges with its yogurt and baking products. For its fourth quarter, the maker of Cheerios and Nature Valley granola bars reported an increase in sales but a drop in profit.

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Roku Launches a New Marketplace for TV Ad Inventory

Roku Inc. said it is launching a marketplace where advertisers can buy commercial space that targets specific audiences, adding to an array of companies trying to make TV advertising more targeted.

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Lawsuit Challenges Trump's Authority to Impose Tariffs

President Trump is facing a new constitutional challenge that aims to undermine his use of tariffs on steel and aluminum imports. A group representing users of imported steel is working with two of its members to overturn a trade law that allowed Mr. Trump to penalize imports.

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T-Mobile, Sprint Bosses to Defend Wireless Merger

The bosses of T-Mobile and Sprint face the members of a Senate subcommittee Wednesday to explain why they believe their $26 billion merger deal won’t hurt competition.

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As Trade Barriers Go Up, Global Supply Chains Unravel

Companies spent decades farming out every step of production according to where labor, infrastructure and know-how were optimally located. Now, as trade barriers rise, they are grappling with how to localize production again.

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U.S. Durable Orders Slipped in May

Demand for long-lasting manufactured goods produced in the U.S. fell for a second straight month in May.

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U.S. Rental Rates Flatten in Major Cities as Supply Floods Market

The U.S. apartment market suffered its worst spring since 2010, as a flood of new supply and weakening demand resulted in rising vacancy rates and little or no rent increases in many major cities.

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Comcast Hunts for Additional Cash In Pursuit of 21st Century Fox Assets

Comcast Corp. is exploring tie-ups with private-equity investors or strategic partners that could provide additional capital as the cable giant pursues a costly acquisition of 21st Century Fox’s entertainment assets, according to people familiar with the situation.

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Trump Eases His Approach to Chinese Trade, Investments

The Trump administration has decided to rely on existing laws to restrict Chinese investment in the U.S., dropping consideration of alternative approaches.

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Facebook Canada Starts Fact-Checking Program With French News Outlet

Facebook Canada is starting a fact-checking program to combat false news on the platform. The program, which is part of Facebook’s Elections Integrity Initiative, is in collaboration with Agence France-Presse.

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Conagra to Buy Pinnacle Foods in Deal Valued at $10.9 Billion

Conagra Brands is acquiring Pinnacle Foods in a $10.9 billion cash and stock transaction, including Pinnacle Foods’ outstanding net debt, in a deal that adds Birds Eye frozen foods to the owner of the Healthy Choice brand.

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As Foxconn Breaks Ground in Wisconsin, Costs to Taxpayers Go Up

The incentives offered by Wisconsin and its municipalities to Taiwan’s Foxconn Technology since it announced a $10 billion megaplant in the state have gone up by nearly $1 billion.

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The Fed's Latest Challenge: Keeping Benchmark Rate in Check

The Federal Reserve recently tweaked how it sets short-term interest rates in an effort to keep them from drifting too high—but an increase in its benchmark raises questions about its ability to keep borrowing costs in check.

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BOE Warns of Growing Risks to Global Debt Markets

The Bank of England sounded an alarm over global debt markets, saying it sees pockets of risk to the stability of the financial system in places ranging from U.S. corporate borrowing to risky loans in Britain to foreign-currency lending to emerging markets.

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As Treasury Targets Workarounds to Tax Law, Impact May Extend Far

Treasury’s attempt to curb efforts by high-tax states to work around deduction caps in the new U.S. tax law could also hit programs like the one that helps to fund a rural Georgia hospital.

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Uber Granted New London License by U.K. Court

A British court granted Uber a probationary license to operate in London, a victory for the ride-hailing company as it attempts to resolve allegations of corporate misbehavior before its planned initial public offering next year.

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Honoring Joann Lublin: Recipient of the 2018 Loeb Lifetime Achievement Award

During nearly five decades at The Wall Street Journal, Joann Lublin broke news on many of the biggest business stories of the day and blazed a trail for women in the newsroom.

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Working Women Often Underestimate Motherhood Costs

New research suggests that women frequently underestimate the money and effort it takes to raise children and have a career, leading many to invest in their skills and then leave the workforce when the costs become apparent.

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China Mines Silicon Valley for Chinese Tech Talent

China’s government and businesses are trying to attract top-caliber technical workers, particularly U.S.-based Chinese professionals. Silicon Valley is a prime target.

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U.S. Consumer Confidence Drops in June

Americans’ confidence in the economy fell this month—with the Conference Board’s consumer confidence index dropping to 126.4 in June from 128.8 in May—largely because they became less optimistic about the future.

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Trade Rift Within Trump Administration Sends Stocks on Wild Ride

Bitter fights over trade within the Trump administration again broke into the open, driving wild swings in the stock market as the White House’s top trade adviser clashed with the Treasury secretary over restrictions on foreign investment.

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Trump Steps Up Threats Against Harley-Davidson

President Donald Trump warned Harley-Davidson that overseas production of its iconic motorcycles marks “the beginning of the end,” a day after the manufacturer said it planned to shift more production abroad to avoid European Union tariffs.

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CBO: Rising Interest Would Increasingly Pressure Government Finances

Rising interest rates will put increasing pressure on government finances and push interest payments to record levels in the coming decades, the Congressional Budget Office said Tuesday.

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The Smart Ways to Switch Jobs Quietly

More employees, especially millennials, are willing to jump to a new company, but there are many ways that can go wrong.

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AmEx Turns to Amazon for Credit Card Focused On Small Businesses

American Express is joining with Amazon.com to launch a credit card for small businesses, an arrangement that could advance the card company’s efforts to deepen its ties with small and midsize companies.

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P&G's Incontinence Problem: How to Get Women Into Adult Diapers

As many as half of women experience bladder leaks, but only about 10% buy products to address the condition. P&G is working to close that gap. The challenge: Convincing people to buy something they wish they didn’t need.

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Case-Shiller Home Price Index Loses a Bit of Steam

Home price gains edged lower in April, a sign that rising mortgage rates may be putting slight downward pressure on what consumers are able and willing to pay for homes.

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Lee Enterprise in Pact to Manage Berkshire Hathaway Newspapers

Lee Enterprises said it reached a deal with Berkshire Hathaway to manage Berkshire’s newspaper and digital operations in 30 markets. Warren Buffett said the challenges to the industry are “clear,” but “I believe we can benefit by joining efforts.”

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Disney, American Campus in Talks on Housing for Mickey and Donald Trainees

A real-estate investment trust that focuses on student housing cut a tentative deal with Disney to develop and operate housing for students in the resort’s training program.

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Companies' New Tax Goal: Beat the BEAT

Multinational corporations are trying to avoid a new U.S. tax called the BEAT,

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GE to Spin Off Health-Care Business in Latest Revamp

General Electric plans to spin off its health-care business and unload its ownership in oil-services company Baker Hughes, betting that the once-sprawling conglomerate can reverse a painful slump by further shrinking.

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Tech Industry Asks What's Next as Trade Dispute Intensifies

American companies are bracing for new, tougher White House rules on exports that could cover broad swaths of technology, raising the stakes in an already heated U.S. trade battle with China.

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Judge Dismisses Climate Suit Targeting Big Oil Companies

A federal judge dismissed lawsuits by the cities of San Francisco and Oakland alleging that five of the world’s largest oil companies should pay to protect the cities’ residents from the impacts of climate change.

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U.S. Investment Restrictions Won't Name China, Mnuchin Says

Treasury Secretary Steven Mnuchin said that Treasury’s proposed investment restrictions, part of the ongoing trade battle against China, won’t specifically name Beijing but will target “all countries that are trying to steal our technology.”

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U.S. New Home Sales Rose 6.7% in May

Sales of new homes in the U.S. climbed heading into the summer months, despite high selling prices and low home inventory.

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Gray TV to Buy Raycom in $3.65 Billion Deal

Television station owner Gray Television is buying fellow station owner Raycom Media in a $3.65 billion deal that they say will create a company with the third-most number of stations in the nation.

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Xerox CEO Calls Fujifilm Lawsuit 'Misguided'

Xerox Chief Executive John Visentin responded to Fujifilm Holdings’s lawsuit against the company calling it “desperate” and “misguided,” marking the new CEO’s first public statement about the suit.

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Harley-Davidson to Shift Production Overseas to Offset EU Tariffs

Harley-Davidson plans to move its production overseas for motorcycles it sells in Europe, in light of tariffs imposed by the European Union that went into effect on Friday.

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AT&T to Acquire Digital Ad Firm AppNexus for $1.6 Billion

AT&T Inc. said it has agreed to acquire AppNexus, a deal that could help the telecom giant capitalize on the media content it added through its purchase of Time Warner.

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Spotify, Amazon, Apple or YouTube? The Streaming-Music Showdown

You want to choose your streaming service carefully because whichever you pick will take over your music.

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Education Realty Trust Confirms Sale to Greystar Affiliate

Education Realty Trust, a college-housing real-estate investment trust, said it is selling itself to a Greystar Real Estate Partners affiliate for $41.50 a share in cash, or $3.15 billion.

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Atlantic City Places a New Bet on an Old Favorite: Casinos

Two years after plummeting gambling revenue nearly tipped Atlantic City into bankruptcy, two new casinos are opening up on the boardwalk.

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Intel's Chip Stumble Is Letting Rivals Pull Ahead

The next chief of Intel will take over just as the chip giant is falling behind for the first time in an expensive race to shrink the circuitry on chips.

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ECB Official Signals No Debate on Rate Rises Before October 2019

European Central Bank officials could start to discuss raising short-term interest rates from autumn next year, a top ECB policy maker said, amplifying the caution expressed by the bank’s President Mario Draghi in recent days.

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Comedies' Misfortunes Are No Laughing Matter for Hollywood

Traditional comedies are struggling for oxygen at the box office, caught between superheroes and a vast buffet of stand-up specials, sitcoms and amateur pranks on digital services like Netflix and YouTube.

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Buzz Aldrin Fights Family for Control of His Space Legacy

The former astronaut’s children say their father is in mental decline and are asking a Florida court to appoint them his guardians. He says they are after his business, and is suing for “elder exploitation.”

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AT&T Expressed Interest in CBS Before Time Warner

Before AT&T CEO Randall Stephenson set his sights on Time Warner, he expressed interest in acquiring CBS and met with Shari Redstone.

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Conagra, General Mills Square Off in Battle to Revive Packaged Foods

Earnings this week will offer an update on who’s winning the race to revive older food brands.

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'Jurassic World' Sequel Falls Short of Previous Installment

“Jurassic World: Fallen Kingdom” opened to an estimated $150 million in the U.S. and Canada. That is a healthy debut by most measures, but 28% below the $208.8 million start for the first “Jurassic World.”

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Online Shopping Is About to Get More Expensive

The U.S. Supreme Court’s ruling enables states to collect sales tax from all online purchases, eliminating the advantage of buying some big-ticket items from websites like Amazon.com.

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GE Factories in Wisconsin, South Carolina Caught in U.S. Trade Fight

GE’s MRI business offers a window into the complex interconnections of global trade, where components made in one country get assembled in another and may be sold back into the first.

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OPEC's Increased Output Helps U.S. Shale Companies

The cartel’s decision last week to increase production modestly lifted the stock prices of U.S. oil producers, which have learned to survive at whichever price OPEC pursues.

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Professional Videogamers Get Their Own Stadiums

This month, Arlington, Texas, will start construction on a 100,000-square-foot arena for live videogaming competitions—what is set to be the largest in a growing number of venues dedicated to esports

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An American Lean-In Guru in China

Joy Chen gained superstardom among Chinese women with a book telling them to delay marriage. Now she’s back with more career advice.

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Trump Threatens 20% Tariff on European Cars

President Trump threatened tariffs on European Union-made cars, citing barriers to American exports and the need for incentives to move production to the U.S.

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Cummins Will Pay Tariff to Import Engines From Its Own Plants in China

Cummins Inc., which imports engines and other products from its factories in China, is among U.S. companies likely to be stung by an American tariff on Chinese-made goods that takes effect next month.

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State Sales-Tax Officials Rev Their Engines

Some state tax officials have begun preparing to use the new sales-tax collection power the Supreme Court handed them on Thursday.

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A Generation of Americans Is Entering Old Age the Least Prepared in Decades

Low incomes, paltry savings, high debt burdens, broken family structures, failed insurance—the U.S. is upending decades of progress in securing life’s final chapter. According to a Wall Street Journal tally, more than 40% of households headed by people aged 55 through 70 lack sufficient resources to maintain their living standards.

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Are You Retired or Semi-Retired? Check Your Tax Withholding Now

A little-noticed effect of last year’s tax overhaul is that many pension payments are now larger. But this bump-up increases the risk that recipients will be underwithheld at tax time next year—and therefore owe a penalty. Tax Report columnist Laura Saunders tell you how to avoid this scenario.

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Eurozone Business Activity Picks Up

Business activity in the eurozone picked up in June for the first month in five—a first sign that the currency area’s economy may be shaking off a sluggish start to the year.

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Ex-1MDB Investigator Appointed as Malaysia's Central Bank Governor

Malaysia named Nor Shamsiah Mohd Yunus, a former central-bank official involved in an investigation into state-investment fund 1Malaysia Development Bhd., as governor of the regulator.

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Uber Goes to Court to Fight for Its Future in London

Uber has spent much of the past year repenting for a string of scandals. Now the company must prove it has changed—or risk being locked out of one of its largest markets.

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Shari Redstone's Path to Power

How the heiress overcame a falling out with her father to become the most significant female media owner in America.

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Ghosn Rules Out Acquisition of Nissan by Renault

Carlos Ghosn said there was “zero chance” Renault would acquire partners Nissan and Mitsubishi, bringing more clarity to the direction of a 19-year-old alliance that is preparing for a future without its chief architect.

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Studios Fear New MoviePass Competitor Will Erode Revenue

Hollywood studios may seek changes to AMC’s new subscription service, which lets subscribers see up to three films a week for $19.95 a month, because of concerns about how it determines their cut of the sales.

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The Company Beating Amazon in Grocery Delivery

Amazon and Walmart have invested billions in e-commerce. Yet with one deal, Kroger took the lead in grocery delivery. Expect the two retail giants to fight back.

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Amazon's Face-Scanning Surveillance Software Contrasts With Its Privacy Stance

Facial-recognition technology enables governments and private enterprise to track citizens anywhere there is a camera, even if they’re not carrying any devices. It’s a stark example of a technology that is being deployed faster than society and the law can adopt new norms and rules, writes Christopher Mims.

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Chanel's First Results Release Shows Its Financial Might

Chanel, the storied French fashion house that has dressed first ladies, royalty and Hollywood stars, published complete financial results for the first time, revealing itself as one of the luxury industry’s top-selling brands.

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Intel CEO Resigns Over Relationship With Employee

Intel CEO Brian Krzanich resigned after the company determined he violated company policies during a past, consensual relationship with an Intel employee.

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Trade Concerns Hammer Global Auto Stocks

Global auto stocks were pummeled after Daimler issued a profit warning overnight that it blamed on trade tensions between the U.S. and China.

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Martin Sorrell Criticizes WPP's Strategy Following His Departure

WPP founder Martin Sorrell lashed out at the ad giant, criticizing the company’s strategy as well as its handling of his resignation as chief executive.

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WordPress.com Owner Buys Maker of Subscription-Offering Publishing Software

Automattic, the owner of the popular publishing platform WordPress.com, has acquired the technology and publishing company Atavist in a bid to expand the suite of subscription and membership tools it offers to its customers.

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Eh Tu? Canada's Tariff Response Targets U.S. Hankies, Boats, Jam

America’s northern neighbor prepares to retaliate against Trump’s trade sanctions by listing imports that perplex some companies affected; playing cards, ball-point pens, ‘prepared meals, of bovine.’

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Conference Board's Leading Economic Index Rises

The Conference Board Leading Economic Index continued its recent string of increases, rising by 0.2% in May.

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Supreme Court Rules States Can Require Online Sales Tax

The Supreme Court handed states broad authority Thursday to require online retailers to collect sales taxes, overturning a pre-Internet court precedent that had effectively exempted many merchants from collection duties.

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Smaller IRS 1040 Tax Form Will Be 'Postcard' Size, Mnuchin Says

The new IRS Form 1040 will be released next week, and it will be significantly smaller than the current version, Treasury Secretary Steven Mnuchin said.

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A Spotify for Videogames? Companies Look Up to Cloud for Game Services

Japanese videogame publisher Capcom may bring more high-end games to Nintendo’s Switch in a cloud-based streaming service, one sign that videogames could follow a path already well established for movies and music.

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Kroger Shares Jump on Strong Sales Report

Kroger delivered stronger than expected earnings and sales growth on Thursday, sending its stock up around 10 % in premarket trading.

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U.S. Jobless Claims Fall for Fourth Straight Week

The number of Americans filing applications for new unemployment benefits fell for the fourth straight week in mid-June, signaling continued strength in the labor market.

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Match Group Deepens Its Connection With Dating-App Hinge

Match Group Inc. has added Hinge to its stable of dating apps, acquiring a controlling stake in the Tinder-competitor that is popular with millennials.

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An American Lean-In Guru in China

Joy Chen gained superstardom among Chinese women with a book telling them to delay marriage. Now she’s back with more career advice.

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Insurers to Expand Presence in Affordable Care Act Marketplaces

After years of pullbacks, insurers are increasing their footprints in the Affordable Care Act marketplaces next year, despite uncertainty including the latest court challenge to the health law.

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Meituan Wants to Become China's Next Internet Giant

Meituan-Dianping defies easy comparison to a like company in the U.S., instead providing a range of services similar to those of Yelp, Groupon and Grubhub in a single app.

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Companies Race to Top Off Pension Plans to Capitalize on Tax Break

Companies with underfunded pensions have a rare opportunity to score a tax break in the coming months.

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As OPEC Meets to Lift Output, Big Oil Companies Are Holding Back

Rather than responding to rising prices with fresh investment, Western oil companies have retrenched, a move many now say threatens a longer-term supply crunch.

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Cruise-Control Glitch Makes Fiat Chrysler No. 1 in Recalls

Fiat Chrysler’s recall in May of more than five million vehicles, because of a flaw that could prevent drivers from canceling cruise control, has made it the car maker with the most recalls in the U.S.

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Women on Track to Gain Record Number of Board Seats

Women are gaining more seats in U.S. boardrooms, though not necessarily those with the most power.

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AT&T Set to Unveil $15-a-Month Video Service

The service, tentatively named WatchTV, aims to use a “skinny bundle” of channels to recapture some of the millions of cord-cutters who dropped cable and satellite television.

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Apple, Sesame Workshop to Create Programming for Subscription Service

Apple is forming a partnership with Sesame Workshop to create children’s programming for its planned subscription video service.

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Tesla Alleges Former Employee Stole Confidential Data

Tesla accused a former employee in a lawsuit of hacking into its computer system to steal company data and send it to an unnamed third party.

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AMC Theaters Launch Subscription Service to Compete With MoviePass

AMC Entertainment Holdings is launching a new subscription service to rival MoviePass that lets customers see up to three movies a week for $19.95 a month at any of its U.S. theaters.

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How Amazon Became One of Washington's Most Powerful Players

The company has built a huge presence in the nation’s capital, spending millions to build an army of lobbyists for its multiple businesses and winning billions in contracts from the government. With that comes with political risk, not least from the White House.

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Amazon, Berkshire and JPMorgan Pick CEO for New Health-Care Company

Amazon.com, Berkshire Hathaway and JPMorgan Chase have appointed surgeon Atul Gawande as chief executive of their newly formed partnership to address U.S. employee health-care.

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How Phone Companies Share Your Data

Carriers like Verizon Communications and AT&T get requests for their customers’ whereabouts from all sorts of places. How they handle them depends on who is asking.

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Microsoft Distances ICE Contract From Family Separations as It Denounces Policy

Microsoft executives joined other tech leaders in denouncing the U.S. handling of migrant families but stopped short of heeding calls from some employees to end work with ICE over the agency’s role in separating children from their parents.

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U.S. Turns From Uniter to Disrupter on Global Stage

The West has seen division and conflict before. But in the past, the U.S. sought to align its interests and those of its partners. Today, it is the destabilizer, driven by a belief that its interests and the world’s are at odds.

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U.S. Existing Home Sales Fell in May

Sales of previously owned U.S. homes declined in May for the second consecutive month, signaling that a runup in prices, rising mortgage rates and limited inventory may be holding down home purchases,

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Wilbur Ross Announces First Results From 20,000 Tariff-Exclusion Requests

The Trump administration has completed its review of a handful of the thousands of requests filed seeking exemptions from its steel and aluminum tariffs, granting exclusions to 42 types of imports, and denying 56 such requests.

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Powell Says Solid Economy Supports More Fed Rate Rises

Fed Chairman Jerome Powell said sturdy U.S. economic growth has built a strong case for continuing to gradually lift interest rates, while warning against policy makers growing complacent now that the central bank has nearly achieved its goals for employment and stable prices.

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OECD Records First Drop in Immigration Since 2011

The number of people migrating to developed countries fell last year for the first time since 2011, but remained near record levels and is unlikely to fall by much over coming years, according to the Organization for Economic Cooperation and Development.

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Fox, Disney Announce New Deal

21st Century Fox and Disney announced a new merger agreement Wednesday, increasing the value of the deal and adding a cash component.

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Korean Auto Makers Listen to What American Drivers Want

South Korean auto makers topped an annual survey of car brands that have the fewest problems within the first few months of a purchase. That’s because they’re paying heed to what drivers in the U.S. want.

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SoftBank Director Counters CEO's Optimism: 'Don't Think You Can Rest Easy'

Tadashi Yanai, who leads clothing retailer Uniqlo and serves as an outside director on SoftBank’s board, told shareholders that he gets “so worried” when he sees the company’s breakneck investment pace.

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For U.S. Business Schools, Leaders Are Hard to Find

There is something missing at dozens of business schools where high-profile corporate chiefs and prominent government officials have gone to polish their management credentials: a leader.

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Keg Trackers Keep Your Ale From Going AWOL

Tech startups from the U.S. to Australia are developing sensors to help beer companies keep track of their kegs, which frequently go missing en route from brewery to bar and back again.

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California, Eight States Ready Plan to Boost Zero-Emission Vehicles

California and eight other states are preparing to roll out a plan pressuring car companies and others to meet ambitious goals for sales of electric vehicles and other environmentally friendly automobiles.

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Marriage Is Out of Fashion. So Why Is Tiffany Selling More Engagement Rings?

Tiffany’s engagement ring sales surged this spring after a prolonged funk. The reversal has nothing do with the U.S. marriage rate, which is stuck at historic lows, or even new products or prices.

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Washington, D.C., Votes to Boost Wages for Waiters, Bartenders

Voters in Washington, D.C., cleared the way for the city to more than quadruple the minimum wage for tipped workers to $15 an hour by 2025.

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Trade Fight With U.S. Complicates China's Campaign to Contain Debt

A bruising trade fight with the U.S. lands at a difficult time for China as its economy contends with rising headwinds, constraining President Xi Jinping’s options.

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Russian Trolls Weigh In on Roseanne Barr and Donald Trump Jr.

With U.S. midterm elections approaching, Russian trolls found ways to remain active on Twitter well into 2018 trying to rile up the American electorate, a Wall Street Journal analysis found.

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American Airlines' Subsidiary Cancels Thousands of Flights

Cancellations on a regional subsidiary of American Airlines climbed to 2,500 as the carrier worked to recover from a technical glitch in its system for matching crews with flights.

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Verizon to Cut Off Data Providers That Gave Up Customer Locations

Verizon Communications will end a location-sharing program after it found at least one company revealed its subscribers’ whereabouts without their consent.

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McKinsey Investments Weren't Disclosed in Bankruptcy Cases

Its retirement fund invested in hedge funds with financial interests in six bankrupt companies the consulting firm was advising.

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U.K. Clears Path for Fox to Partake in Bidding War for Sky

The U.K. government has all but given Rupert Murdoch’s Fox permission to partake in a bidding war for British pay-TV giant Sky, clearing one of the last obstacles for a corporate takeover battle that also includes Disney and Comcast.

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Saudi Arabia's Economic Revamp Means More Jobs for Saudis---If Only They Wanted Them

Local companies that used to rely on expats are struggling to fill the government’s new quotas with qualified employees, given the large number of jobs Saudis refuse to do. Among the creative solutions: Saudi workers who are paid to stay home.

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Countries Face the Tricky Task of Undoing Negative Interest Rates

The longer countries wait to raise rates, the more damage it may do.

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Firms Are Spending More on Shipping, and That's Not Changing Soon

U.S. businesses are spending more on transportation and warehousing as demand and prices of logistics services increase. In 2017, total spending on logistics rose to a record of nearly $1.5 trillion, the most in over a decade, a new report finds.

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U.S. Housing Starts Rebound in May

U.S. housing starts rebounded last month to their highest level since 2007, but permits fell sharply.

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GameStop in Talks About Potential Deal

Videogame retailer GameStop said it was in “exploratory discussions” with unnamed third parties regarding a potential deal.

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Taking the Fracking Boom Global

A BP project deep in Oman’s desert shows how big-oil companies are taking hydraulic-fracturing techniques perfected in Texas to the global stage, where they had long struggled.

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Tariffs Start to Ripple Their Way Through U.S. Economy

Examples of how new tariffs might ripple through the U.S. economy have already been provided by earlier, smaller rounds of tariffs imposed by the Trump administration.

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Draghi Says ECB Could Restart Bond Buying-Program If Required

European Central Bank President Mario Draghi signaled the bank could delay plans announced just last week to end its giant bond-buying program, underlining policy makers’ caution in phasing out easy money as the region’s economy slows and faces new risks.

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CVS Adds Home Delivery With Help From Post Office

CVS HealthCorp. has enlisted the U.S. Postal Service for a new home delivery service, as the drugstore giant strives to stave off Amazon.com Inc. and other rivals.

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KKR Explores Sale of $3.5 Billion European Telecom Operator

KKR is exploring the sale of European telecom operator United Group in a transaction that could value the company at around $3.5 billion, including debt.

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States, Car-Rental Companies Push For Car-Sharing Services to Be Regulated

Is a private car rented through an app a rental car? The answer to that question, which is popping up in state legislatures and courts around the country, could determine whether peer-to-peer car-sharing services get regulated the same way as traditional car-rental companies.

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Jailed Audi CEO Pledges to Cooperate With Emissions-Cheating Probe

The CEO of Volkswagen’s luxury brand Audi, jailed Monday in a probe into his alleged role in the car maker’s diesel-emissions cheating scandal, has pledged to cooperate with prosecutors and could be released within days, a Munich prosecutor said.

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Apple Fined as Customers Win a Right-to-Repair Fight

Apple was punished in Australia for refusing to offer free fixes for iPhones and iPads that were previously serviced by non-Apple stores, the latest episode in a global dispute between companies and consumers about the right to repair.

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Roche to Pay $2.4 Billion for Full Control of Foundation Medicine

Roche said it would pay $2.4 billion to buy the shares it doesn’t already own in Foundation Medicine, furthering its bet on personalized cancer care.

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Oracle's Past Surprises on Guidance Leave Analysts Wary

Oracle is set to report financial results for its fiscal fourth quarter after the close of trading Tuesday. Here’s what you need to know.

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Xiaomi Shelves China Share Sale

Chinese smartphone maker Xiaomi postponed a widely anticipated share sale in mainland China, saying it would proceed first with an initial public offering in Hong Kong in the coming weeks.

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Flea-Market App Mercari Jumps More Than 70% in Tokyo Debut

Japanese flea-market app Mercari’s valuation soared to $6.5 billion on its first day of trading, as investors celebrated the eBay rival’s debut in a country that is nearly bereft of influential technology startups.

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Fujifilm Sues Xerox for More Than $1 Billion After Canceled Merger

Fujifilm Holdings is suing Xerox for breach of contract and estimated damages of more than $1 billion after the printer and copier company walked away from a planned merger.

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Economic Confidence Rises Among Lower-Income Americans

Economic confidence among lower-income Americans has taken a recent leap, the latest evidence that benefits of the economic expansion are reaching a broader swath of workers.

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Japan Views China as Ally in Trump Trade Fight

Japanese Prime Minister Shinzo Abe, after years of skirmishing with China over territory and security, is now promoting a rapprochement with Beijing that reflects Tokyo’s need for allies in upholding the postwar free-trading system amid President Donald Trump’s tough line on trade.

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Disney Tests Pricing Power at Theme Parks

After raising some ticket prices for its theme parks by more than 20% over the past five years, Walt Disney will set a new benchmark this week when it offers die-hard fans the chance to attend a six-hour preview of a new attraction at Disneyland—for $299.

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How a Florida Utility Became the Global King of Green Power

NextEra became a wind and solar Goliath almost entirely under the radar, using tax subsidies to help finance projects around the country. It has avoided debt and the kind of claims of altruistic motives common among some renewable-energy companies.

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Rent-A-Center to Sell Itself to Vintage Capital

Rent-A-Center has agreed to sell itself to a Vintage Capital affiliate, following multiple offers from the investment firm amid investor pressure and poor financial results.

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Trust in Social Media Falls---Raising Concerns for Marketers

Consumers advocate pressure by brands and regulators to clean up fraud, cyberbullying and hate speech, an Edelman study finds.

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Online Ads That Follow You Around the Web Get New Scrutiny

Advertisers want to reach audiences who have expressed interest in their products, but consumers may consider the ads creepy.

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What's an Online Ad Worth? Blockchain Might Help With That

Three startups propose blockchain-based solutions to rampant fraud in digital advertising.

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Audi CEO Arrested in Emissions-Cheating Probe

The CEO of Volkswagen’s luxury brand Audi was arrested in connection with an investigation of his role in the German car maker’s diesel emissions-cheating scandal.

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Apple to Push Fix for Locating 911 Callers

iPhone users who call 911 will automatically send location data to emergency call centers, the result of a partnership between Apple Inc. and startup RapidSOS that addresses a source of first-responder delays.

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Google Invests $550 Million in Chinese Online Shopping Site JD.com

Google’s $550 million investment in JD.com will deepen its ties with China and strengthen its foothold in online shopping.

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Mergers Would Make AT&T, Comcast World's Most Indebted Companies

Recent mergers could transform AT&T and Comcast into the two most indebted companies in the world, a standing that carries uncharted risks for investors.

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Google, Facebook Propel Jump in Global Ad-Spending Forecast

Magna, a division of Interpublic Group, predicts global ad revenue will increase 6.4% to $551 billion this year, up from an earlier projection of 5.2% growth.

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Katie Couric Lines Up Video Series for 'theSkimm' Backed by P&G

Nearly a year after leaving Yahoo, Katie Couric is striking out on her own, expanding her own production company with outside investment so that it can find its own sponsors and distribution outlets.

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Are the Tax Cuts Working? What to Watch in 12 Charts

How well is the tax cut working? Here are a dozen gauges that help reveal how well the changes are aiding businesses, workers and the broader economy.

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Global Economy Week Ahead: U.S. Housing Starts, Brazil Rate Decision, Eurozone PMI

In the week ahead, the U.S. will see data on housing starts and home sales, while Brazil’s central bank makes an interest-rate decision and manufacturing numbers from Europe are released.

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Oil's Rally, Coupled With Strong Dollar, Causes Global Pain

The sharp rise in crude-oil prices has been particularly harsh for many parts of the world, because consumers outside the U.S. face a double whammy when the dollar gets stronger at the same time that oil prices climb.

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Conflicting Forces Pull at Trump on Nafta

President Donald Trump’s quarrel with Canada’s Prime Minister Justin Trudeau could signal a U.S. intent to pull out of the North American Free Trade Agreement, but there are incentives to keep negotiating.

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Misfires Mark Wynn Resorts' Probe of Sexual Misconduct Allegations

Employees weren’t initially told how to contact investigators; potential witnesses say they were asked to be interviewed on-site and their names would be revealed to directors; board halted one probe, then started another days later. Company says investigation is thorough and uses best practices

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As Shipping Costs Soar, Supply Chains Get a Makeover

Retailers and manufacturers are taking stock of their transportation costs and exploring alternatives as a capacity crunch in freight is driving up prices and causing shipping delays.

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U.S. Auto Makers Are Putting Small Engines Into Big Trucks So They Guzzle Less Gas

Big U.S. car makers are standing by many recent tech innovations to increase fuel efficiency, including smaller engines for pickup trucks, even as the Trump administration moves to relax gas-mileage standards

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Microsoft Is Fixing Office, But Not Fast Enough

The new version of Microsoft Office is playing catch-up to Google Docs, with cleaner design, faster apps and smarter features, but in some ways it is still stuck in the 1990s.

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Executives Fear Trade Conflicts Could Dent Economic Growth

Corporate finance leaders are worried that the good times won’t last as an increasingly cloudy long-term economic outlook plays out against the backdrop of trade spats and geopolitical risk.

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Sizing Up Tesla's $10 Billion Debt Stack

Tesla is growing faster than any other auto maker—just not always in ways stockholders would want. The company’s debt has surged just as fast as sales, while profits remain elusive.

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Business Is Booming at the Panama Canal

Ships moving natural gas and petroleum product exports from the U.S. are the fastest-growing business for the Panama Canal, with annual revenue from tolls growing more than 20 times over the past two years.

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How Computers Could Make Your Customer-Service Calls More Human

The robotic call-center agent reading from a script is getting a makeover as a number of companies develop software to give agents real-time feedback about how their customer conversations are going.

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Can You Taste a City in a Bottle of Vodka?

We sent novelist Sergio de la Pava a bottle of Our/New York vodka. It took him places he didn’t expect.

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Why Media Deal Making Could Free CBS From Viacom

Viacom may have given up on CBS and now that media deals are in the air, CBS could get bought by another company, leaving Viacom all alone.

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Attention, Amazon Prime Members: You're in Luck at Whole Foods

One year after Amazon.com bought Whole Foods, the e-commerce giant is offering Prime members discounts and perks at the grocery store, in an effort to capture even more of their spending.

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How AT&T Beat the Government

Lead defense lawyer Daniel Petrocelli claimed he had little antitrust experience but in the end his legal strategy helped sow doubts about the Justice Department’s fight to block AT&T’s deal for Time Warner.

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Perry Ellis to Go Private in $437 Million Deal

Perry Ellis International agreed to go private in a deal valued at $437 million, four months after founder George Feldenkreis made a bid for the apparel maker.

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U.S., China Tariffs Hit American-Made Products from Chips to Cars

Semiconductor-chip makers, auto makers and soybean farmers are among those facing the brunt of tariffs imposed by the U.S. and China.

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Union Looks to Block New Trump Rule on Federal Workers

The largest federal-workers union is attempting to block President Trump from enforcing one of three executive orders issued in an effort to rewrite the rules between the government and its employees.

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Americans' Love Affair With Huge Vehicles Collides With Tiny Parking Spaces

U.S. drivers love their big cars more than ever, but there is a problem. They don’t fit into the pee-wee parking spots common in many parking garages.

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UPS's $20 Billion Problem: Operations Stuck in the 20th Century

As the package giant tries to satisfy America’s 21st-century shopping-and-shipping mania, it must update a delivery network whose processes sometimes hark to a past era; a $20 billion catch-up bill.

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LyondellBasell, Braskem Confirm Merger Talks

Chemical companies LyondellBasell Industries and Braskem said that they have entered into exclusive talks regarding a potential deal.

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U.S. Consumer Sentiment Increased in Early June

U.S. household confidence rose in the beginning of June, driven by Americans’ more favorable view of their current economic situation.

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U.S. Industrial Production Unexpectedly Declined in May

U.S. industrial production ended three straight months of growth in May with an unexpected decline due in part to the fire at a major Ford supplier.

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Powell Puts His Stamp on the Fed

Jerome Powell gave the Federal Reserve’s communications a makeover, one way the new chairman is putting his stamp on the central bank without departing from his predecessors’ policies.

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U.S. Announces Tariffs on $50 Billion of Goods From China

President Trump announces tariffs on $50 billion of goods from China, and warns it will pursue additional tariffs if China retaliates.

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OECD Sounds Alarm Over 'Broken Elevator' for Social Mobility

People living in developed economies are less likely to climb up or slide down the earnings ladder than their parents were—a fixable problem that is weakening confidence in the economic system, the Organization for Economic Cooperation and Development said.

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A Scooter Gold Rush in Silicon Valley

Venture capital pour into the hottest thing on two wheels, with startups setting speed records in becoming unicorns and cities trying to limit sidewalk clutter.

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Kellogg Recalls Honey Smacks Cereal on Salmonella Concerns

Kellogg is recalling some Honey Smacks cereal after federal health regulators linked the product to salmonella-related illnesses in several states.

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Behind the Scenes at G-7 Meetings, Allies Dismayed by Trump's Jabs

Prospects for compromise between the U.S. and its economic allies have dimmed in the wake of a dramatic blow-up last week at Group of Seven meetings. President Donald Trump jabbed allies on trade, but also immigration, terrorism and other issues, according to people at the meetings.

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Wage Growth Boosts ECB Confidence on Inflation Target

Eurozone wages rose at a faster pace during the three months through March, boosting confidence among the ECB’s policy makers that they are set to keep inflation on target in coming years.

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Why 5G Leader Huawei Could Get Shut Out of A Major Rollout

Australia is looking at barring Huawei from taking part in the introduction of new 5G telecommunications infrastructure, which would deal a blow to the Chinese company’s global ambitions.

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AT&T's Ambitious Plan to Take on Facebook and Google for Ad Dollars

AT&T has barely scratched the surface of how its wireless data can help in TV ad targeting, and it has very little commercial space to sell.

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The Hidden Cost of Trying to Land Amazon's HQ2

Time, money and potential lost opportunities are at stake as finalist cities and states compete ferociously to win Amazon’s $5 billion second headquarters.

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iPhone X-Pensive: Apple Looks to Keep Phones With Cheaper Displays

Apple is developing production plans for its next iPhones that stress cheaper liquid-crystal displays more than analysts had expected, showing consumers’ sensitivity to the price of smartphones.

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Glencore to Resume Payments to Israeli Billionaire Gertler Despite U.S. Sanctions

Swiss mining giant Glencore said it would resume multimillion-dollar payments to a former business partner sanctioned by the U.S. Treasury Department for alleged corruption in the Democratic Republic of Congo, resolving a thorny legal dispute that threatened to disrupt its operations.

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Why Railroads Are Making Freight Trains Longer and Longer

Pressure from investors and competition from trucking are driving railroad operators to add cars to freight trains to improve efficiency and cut costs. But some say the trend is misguided and, potentially, a safety hazard.

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Bottega Veneta Picks Daniel Lee as Creative Director

Bottega Veneta named British designer Daniel Lee as the brand’s new creative director, choosing a relative unknown in the industry to revive the struggling Italian fashion house.

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Trump Approves Tariffs on $50 Billion of Chinese Goods

President Donald Trump approved tariffs on about $50 billion of Chinese goods, as the U.S. ratchets up its trade fight over Chinese pressure on American firms to transfer technology to local partners.

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Chinese Smartphone Maker Xiaomi Plans Large Domestic Stock Sale

Chinese smartphone maker Xiaomi Corp. filed plans to conduct a large portion of its initial public offering in Shanghai—which could help it earn a higher market valuation.

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The Hacking Box That Led to a Golden Age of iPhone Investigations

GrayKey, a $15,000 iPhone-unlocking box sold to police and other U.S. authorities by Atlanta startup Grayshift LLC, is in heavy use with some forensic law-enforcement authorities, prompting Apple to punch back.

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U.S. Economy Seen Chugging Ahead of Europe and Asia

The U.S. economy is revving up just as those in Europe and Asia lose steam, ending a rare period in which the world’s dominant economies were accelerating in tandem.

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IMF Sees U.S. Potential Growth at Half the Pace of White House Estimates

The International Monetary Fund warned that the economic boost from last year’s tax cuts in the U.S. will fade in 2019 and 2020, and the U.S. economy will then slow considerably.

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Etsy Raises Fees on Sellers Using Its Platform

Online craft marketplace Etsy said it is increasing the fees it charges its more than 2 million active sellers, drawing criticism from entrepreneurs who use the platform.

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Apple's Next Laptops Could Be More iPhone Than Mac

As efficient mobile processors overtake their laptop-powering counterparts, Apple could switch MacBooks over to its own custom chips.

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What Should Wait Staff Earn? The Debate Over the Tipped Wage

In Washington, D.C., and in some states, dual wage scales for tipped and nontipped service workers may be coming to an end. Many employers aren’t happy about it. Perhaps surprisingly, some workers aren’t either.

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U.S. Protectionist Stance Spooks Germany's Economy

President Donald Trump’s trade threats aren’t only hurting feelings in Germany. They are beginning to weigh on the country’s export-driven economy, where growth is slowing and export orders are on the decline.

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Snapchat Zigs Where Facebook Zags

Snapchat is opening its platform to outside software developers in a push for growth that will also test its commitment to privacy.

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Analysis: What Will the Fed Do With an Overshoot?

The Federal Reserve’s dilemma is intensifying: When has the economy had too much of a good thing?

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ECB to End Bond-Buying Program in December as Crisis-Era Policies Wind Down

The European Central Bank laid out plans to wind down its €2.5 trillion bond-buying program by December, but said it didn’t expect to raise rates “at least through the summer of 2019.”

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The Fed's Statement Was Short, but It Wasn't Sweet

Brevity might be the soul of wit, but investors might wish the Federal Reserve was a little more long-winded.

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U.S. Retail Sales Soared in May

Americans spent a big chunk of their paychecks on retail goods in May, one of several developments helping lift the economy to a stronger phase of growth this year.

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U.S. Jobless Claims Fell Last Week

The number of Americans filing new claims for unemployment benefits fell last week, the latest sign employers are reluctant to dismiss workers in a tight labor market.

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China's Costly Wars to Go Cashless

As more Chinese leave their wallets at home, Alibaba and Tencent are reaching deeper into theirs to fund an increasingly arms race to dominate mobile payments.

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China's Investors Pour Into Western Biotech Startups

Fledgling biotech and medical-technology startups in the U.S. and Europe have found a new source of cash to pay for costly research: China’s private-equity and venture-capital investors.

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U.S. Airlines Aren't Complying With Beijing's Demand They Call Taiwan Part of China

Most of the world’s airlines have bowed to Chinese demands to refer to Taiwan as part of China, but the three main U.S. international carriers and a handful of others have so far refused, in the thick of backlash against Beijing’s insistence on conformity with its geopolitical views. They look to be taking their cue from the U.S. government.

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Royal Caribbean to Buy Controlling Stake in Silversea

Royal Caribbean Cruises will acquire a roughly 67% stake in privately held Silversea Cruises for about $1 billion, the company said.

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Goodbye London: Unilever Set to Lose Its Place in the FTSE 100

Unilever, one of the U.K.’s biggest companies, looks set to leave the country's blue chip FTSE 100 index after consolidating its legal structure in the Netherlands.

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Grabbing an Uber? Now You Can Buy Your Own Insurance for the Ride

Chubb Ltd. has teamed with a technology startup to sell insurance to passengers of ride-hailing services like Uber and Lyft to cover medical and other costs in the event of an accident.

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White House Seeks to Block Senate Bid to Kill ZTE Deal

The White House will try to block language in the Senate defense bill aimed at derailing a Trump-brokered deal to resuscitate Chinese telecom giant ZTE.

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Rolls-Royce to Cut 4,600 Jobs

British aircraft-engine maker Rolls-Royce, facing investor pressure to boost competitiveness, said it would shed 4,600 jobs even as it grapples with mounting problems with an engine powering Boeing 787 Dreamliners.

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Chicago Picks Musk's Boring Co. for O'Hare Express Service

Elon Musk’s Boring Co. was picked to finance and build an express train from the downtown Loop neighborhood to Chicago’s O’Hare International Airport.

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U.S. Preparing to Proceed With Tariffs on Chinese Goods

The Trump administration, deepening it global trade offensive, is preparing to levy tariffs on tens of billions of dollars on Chinese goods in the coming week, perhaps as early as Friday—a move that’s likely to spark heavy retaliation from Beijing.

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Fed Raises Rates and Signals Faster Pace in Coming Years

The Federal Reserve said it will raise interest rates by another quarter-percentage point and signaled it could lift them at a slightly faster pace this year to keep a strengthening economy on an even keel.

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The Unexpected Winner From the Trump-Kim Summit: China

China is setting its sights on a key role in North Korea’s future after emerging as a surprise beneficiary of the summit between President Donald Trump and North Korean leader Kim Jong Un.

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AT&T-Time Warner Green Light Means More Big Cable Bundles

The merger of AT&T and Time Warner will bring bigger—not cheaper—packages of entertainment rather than a la carte, pay-as-you-go custom content, writes Christopher Mims.

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Carnival's CEO on Steering a Turnaround: Listen to Your Employees

Arnold Donald spent his first months as Carnival’s CEO sounding out employees. Since taking the helm in 2013, the strategy has helped him steer a turnaround for the world’s biggest cruise company.

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The Occasional Brilliance of Bad Sportsmanship

The World Cup forces team leaders to walk a treacherous line between playing fair and playing to win. One example of the benefits of behaving badly in sports is the recent Sergio Ramos affair.

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Stryker Says It's Not in Deal Talks With Boston Scientific

Medical-technology company Stryker said it is not in discussions with Boston Scientific regarding a potential takeover.

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U.S. Producer Prices Rose in May

A gauge of U.S. business prices rose in May, the latest sign that inflation pressures in the economy are firming. The producer-price index rose a seasonally adjusted 0.5% in May from a month earlier.

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Decoding Judge Leon's AT&T-Time Warner Decision

Judge Richard J. Leon, in allowing AT&T’s proposed merger with Time Warner, castigated the government’s main witness and wasn't afraid to use exclamation points.

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WPP Faces Shareholder Backlash After Sorrell's Departure

WPP is facing shareholder unrest over its handling of founder Martin Sorrell’s resignation, in a sign of how the advertising giant is straining to turn the page on its former chief executive and the business model he pioneered.

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Side Effect of Rising Oil Drilling: Indigestion for Gas Frackers

Companies are responding to rising prices by drilling for more oil, but the natural gas byproduct they often unearth is further weighing on already low gas prices and on shale frackers in regions that primarily produce gas.

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A Chip in the Windshield: China's Surveillance Will Soon Track Cars

China is establishing a nationwide program to track cars using an electronic identification system, according to records and people briefed on the matter, adding to a growing array of its surveillance tools used to monitor its citizens.

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Toshiba Plans Biggest Japanese Market Buyback on Record

Toshiba plans to buy back shares worth about $6.3 billion, appealing to foreign shareholders who took a big stake last year. The company’s shares rose 6.6% on the news.

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ZTE Shares Plunge as Rescue Deal Threatened

The stock plunged on its first day of trading since being suspended nearly two months ago, reflecting investor unease about the future of the Chinese telecommunications giant following devastating U.S. sanctions. Shares halted April 17 after an order from the U.S. Commerce Department banned American companies from selling to ZTE.

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Federal Reserve Poised to Raise Rates Again

The Federal Reserve is likely to raise short-term interest rates by a quarter percentage point after its policy meeting concludes, the seventh such move since late 2015.

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Borrowing Costs Climb Along With Fed Rate Increases

Borrowing costs for consumers have risen as the Federal Reserve continues to tighten monetary policy, with interest rates on home, auto and credit-card loans reaching multiyear highs in recent months.

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Demolishing Monopoly From Below: How Two Radicals Would Remake Markets

Eric Posner, a University of Chicago law professor, and Glen Weyl, an economist at Microsoft Corp.’s in-house think tank, propose redesigning market mechanisms from the ground up to break monopolies’ hold on our data, property, economy and even politics.

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Eurozone Industrial Production Continues to Falter

Industrial production in the eurozone fell more sharply than expected in April, underlining doubts about the strength of the economy as the European Central Bank decides on the future of one of its key stimulus programs.

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Trump Says Trade Spat Will Cost Canada 'a Lot of Money'

President Donald Trump said Canadians would pay a price for countering the U.S. on trade, while his aides sought to tamp down tensions between the two allies following a dust-up over the weekend with Prime Minister Justin Trudeau.

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Green Light for AT&T Deal Sets Up Comcast's Fox Bid, Merger Frenzy

A court’s approval of AT&T’s merger with Time Warner paves a clear path for Comcast to bid for 21st Century Fox assets and could trigger a round of deal-making by smaller media companies trying to keep up with industry titans.

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Zara Boosts Profit Margin, Bucking an Industry Trend

Zara’s parent company said same-store sales growth slowed slightly in the latest quarter, though its profit margin unexpectedly improved as the world’s largest fashion retailer by sales continues to navigate an industry shakeout driven by competition from online retail.

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Revolve, Online Clothing Retailer, Prepares IPO for Late 2018

An initial public stock offering by Revolve, expected to value it at more than $1 billion, would seek to capitalize on investors’ excitement over the 2017 IPO of online apparel seller Stitch Fix.

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CK Infrastructure Bids More Than $9 Billion for Australian Pipeline Firm

Victor Li, the new chairman of Hong Kong’s CK Infrastructure, moved to expand the empire built by his billionaire father, Li Ka-shing, by offering more than $9 billion for an Australian pipeline operator.

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U.S. Federal Budget Deficit Widened in First Eight Months of Fiscal 2018

The U.S. government’s budget deficit widened in the first eight months of its fiscal year as spending rose faster than revenues compared with the same period a year earlier.

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Powell Looks at Following All Fed Meetings With a Press Conference

Fed Chairman Jerome Powell is considering holding a press conference after every policy meeting rather than every other meeting, and his appearance Wednesday could help him decide whether it’s worth the trouble.

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White House Trade Official Backs Away From His Insult to Trudeau

Peter Navarro says it was “a mistake” for him to say that there was “a special place in hell” for leaders like Canadian Prime Minister Justin Trudeau

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Senate Panel Advances Fed Nominations, Including Clarida as Vice Chairman

Richard Clarida and Michelle Bowman moved closer to joining the Federal Reserve Board, with the Senate Banking Committee approving their nominations.

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U.S. Consumer Prices Rose Steadily in May

U.S. consumer prices climbed in May, a further sign price pressures in the economy are solidifying.

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Diverging Fortunes in U.S. and Europe Signal Widening Interest-Rate Gap

Central banks in the U.S. and Europe are both expected to move to unwind stimulus policies adopted since the global financial crisis. But the likely steps mask a recent economic divergence, which could keep the banks on different interest-rate tracks for many months.

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Ford-Backed Driverless-Car Startup Argo AI Lures Talent From Uber, Apple

Ford‘s unusual $1 billion bet on the tiny Argo AI was aimed at recruiting top talent for its driverless-car program with a potentially lucrative perk it couldn’t otherwise provide: an equity stake in a fast-growing startup.

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Which Stephen King Novels Are You Most Likely to Like? A New App Will Tell You

Stephen King’s publisher is launching a voice-activated app that asks users random questions to produce a reading list of the author’s books that will best suit their tastes.

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Ever Heard of Iqvia? Its CEO Was the Highest Paid Pharma Chief

Iqvia Holdings is hardly a household name, but its boss made more last year than the chief executive of Johnson & Johnson—or any other big pharmaceutical or biotech company.

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Trump's Trade Heresies Give Him Leverage but Not Necessarily Success

President Donald Trump’s approach to trade can be counterproductive because he alienates rather than cultivates allies, uniting them against the U.S. instead of China, writes Greg Ip.

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U.S.-Canada Rift Roils Nafta Talks

A backdrop of new hostility is hurting chances for Washington and Ottawa to successfully overhaul Nafta, say people close to the talks, even as Canada has vowed to forge ahead with the negotiations.

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Eli Lilly, AstraZeneca Drop Two Late-Stage Alzheimer's Drug Trials

Pharma giants AstraZeneca and Eli Lilly have scrapped two late-stage trials of an experimental Alzheimer’s drug they were co-developing, the latest blow in the long quest to find a breakthrough for the memory-robbing disorder.

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New Accounting Rules Change How Some Companies Sell Goods, Services

More than half of the S&P 500 companies disclosed some impact on their accounting policies since December, when new rules unified how companies account for revenues from sales and services.

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Facebook Will Ban Sellers of Shoddy Products

Facebook is cracking down on e-commerce businesses that flood users’ feeds with ads for products that are unsatisfactory or don’t arrive on time.

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Home Depot Sets $1.2 Billion Supply-Chain Overhaul

Retailer will add distribution sites, shipping hubs to speed delivery to most of the U.S. market within a day.

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Facebook Delivers 450-Page Homework Assignment to Congress

Facebook turned in more than 450 pages of homework to U.S. lawmakers, defending itself against claims that it is a monopoly and sidestepping questions about the effectiveness of an app that can effectively spy on competitors.

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Corporations Push Profits Into Tax Havens as Nations Struggle in Pursuit

Multinational companies shift about 40% of the profits they earn outside their home countries into tax havens, according to an analysis that points to gaps in government revenue collection.

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