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Powell plays down trade risks in bullish testimony

Powell plays down trade risks in bullish testimony

Fed chairman reiterates need for gradually raising interest rates in speech to Congress

Published 1 second ago

Netflix shares drop 13% after stumble in subscriptions

Netflix shares drop 13% after stumble in subscriptions

Fall comes after video streaming service missed its own estimates of user growth

Published 1 second ago

Strikes by Amazon workers in Europe threaten Prime Day sales

Strikes by Amazon workers in Europe threaten Prime Day sales

Annual event hit as German and Spanish staff down tools and US site is hit by outages

Published 1 second ago

Goldman Sachs Is Secretive and Hide-Bound. Its New Chief Wants to Change That

Goldman Sachs Is Secretive and Hide-Bound. Its New Chief Wants to Change That

David M. Solomon, who was tapped to succeed Lloyd Blankfein as CEO, faces a big task in the postcrisis era as he seeks to make the firm more entrepreneurial and open. “Everything’s on the table,” the new boss has told top executives.

Published 3 months ago

Jerome Powell’s Senate Testimony: Live Analysis

Jerome Powell’s Senate Testimony: Live Analysis

Jerome Powell’s Senate Testimony: Live Analysis

Published 3 months ago

Papa John’s Founder Says Resignation Was a Mistake

Papa John’s Founder Says Resignation Was a Mistake

Papa John’s International’s founder John Schnatter said “it was a mistake” to step down as chairman last week and is questioning how the board investigated his use of a racial slur.

Published 3 months ago

The iPhone App Making the NBA Smarter With Artificial Intelligence

The iPhone App Making the NBA Smarter With Artificial Intelligence

NBA, college and youth basketball teams have begun using a product designed by former Apple engineers for shot-tracking. The app requires a phone and a hoop—and that’s it.

Published 3 months ago

Japan, EU Sign Trade Deal: ‘We Stand Together Against Protectionism’

Japan, EU Sign Trade Deal: ‘We Stand Together Against Protectionism’

The leaders of Japan and the European Union signed a deal to create one of the world’s largest liberalized trade zones, a contrast to escalating trade disputes between the U.S. and several of its trading partners.

Published 3 months ago

Goldman Sachs Names David Solomon to Succeed Lloyd Blankfein as Chairman, CEO

Goldman Sachs Names David Solomon to Succeed Lloyd Blankfein as Chairman, CEO

Goldman Sachs said veteran investment-banker David Solomon would succeed Lloyd Blankfein as chief executive Oct. 1, setting up a high-profile transition for a firm that is expanding well beyond its Wall Street roots.

Published 3 months ago

Retirement Bills in Congress Could Alter 401(k) Plans

Retirement Bills in Congress Could Alter 401(k) Plans

Lawmakers are searching for bipartisan consensus on proposals that could amount to the biggest legislative changes to U.S. retirement savings in more than a decade, including modifications to 401(k)-style plans.

Published 3 months ago

Trump Leaves GOP, Intelligence Community and Allies in the Hot Seat

Trump Leaves GOP, Intelligence Community and Allies in the Hot Seat

It was possible that Putin would be in a tough spot after his summit with Trump. Instead, most of the squirming is being done by Republicans in Congress, the U.S. intelligence community and overseas allies, Gerald F. Seib writes.

Published 3 months ago

GE Still Wrestles With a Big Problem

GE Still Wrestles With a Big Problem

General Electric continues to work with bankers and advisers to determine the best way to proceed with GE Capital, the lending unit that nearly sank the company in the financial crisis.

Published 3 months ago

Minnesota Pipeline Replacement Threatens a Repeat of ‘Standing Rock’

Minnesota Pipeline Replacement Threatens a Repeat of ‘Standing Rock’

Weeks after Minnesota regulators approved the replacement of an oil pipeline, protesters are starting to oppose the project with a similar playbook to a failed effort to stop the Dakota Access Pipeline.

Published 3 months ago

Netflix’s Intermission Was Long Overdue

Netflix’s Intermission Was Long Overdue

The streaming company’s market value has become too rich, despite strong growth.

Published 3 months ago