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Facebook Steps Up Efforts to Sway Lawmakers

Facebook Steps Up Efforts to Sway Lawmakers

As the probes of Russian interference in the 2016 presidential election turn to the role of social-media giants, Facebook is looking to boost its influence in Washington amid talk of potential federal regulation.

Published 7 months ago

Paul Ryan Says FBI Plans to Provide Documents Related to Russia Dossier

Paul Ryan Says FBI Plans to Provide Documents Related to Russia Dossier

House Speaker Paul Ryan said the FBI was expected to hand over documents related to a controversial dossier on President Trump by next week, ending an impasse between Congress and federal law enforcement.

Published 7 months ago

House Approves Budget Plan, Paving Way for Tax Action

House Approves Budget Plan, Paving Way for Tax Action

The House adopted a budget Thursday that sets the stage for a rewrite of the U.S. tax system, overcoming internal doubts and beginning a six-day countdown to the release of the closely guarded details of the tax plan.

Published 7 months ago

GE Explores Exiting From the Railroad Business

GE Explores Exiting From the Railroad Business

General Electric Co. is looking to exit from the railroad business as new Chief Executive John Flannery looks to streamline the conglomerate.

Published 7 months ago

Democrats Struggle With Their Own Tea-Party Moment

Democrats Struggle With Their Own Tea-Party Moment

The opposition sees an opportunity in President Donald Trump’s low approval ratings but still has to define what the party stands for. A record number of candidates is running in primaries, a sign of grass-roots enthusiasm and the ideological battles to come.

Published 7 months ago

Trump’s Towering Border-Wall Prototypes Unveiled

Trump’s Towering Border-Wall Prototypes Unveiled

Seven months after the federal government asked for bids to build a wall on the U.S. border with Mexico, the country will get its first glimpse of President Donald Trump’s vision, rising on a dusty patch of desert in California.

Published 7 months ago

President Trump to Announce Opioid Crisis a Public Health Emergency

President Trump to Announce Opioid Crisis a Public Health Emergency

President Trump will declare opioid addiction a “public health emergency,” a description that stops short of the “national emergency” designation he had said he would apply to the epidemic.

Published 7 months ago

Xi’s Next Step: Demand More Fervor From China’s Communist Party

Xi’s Next Step: Demand More Fervor From China’s Communist Party

Now that China’s president has emerged as the country’s most powerful leader in decades, he needs an energized party to fulfill his goals. So far, members have seen a crackdown on unpaid dues, mandatory study sessions and purge of those seen as corrupt or inept.

Published 7 months ago

ECB to Scale Down but Extend Bond-Buying Program

ECB to Scale Down but Extend Bond-Buying Program

The European Central Bank said it will scale down its giant bond-buying program while extending it deep into 2018, in a keenly awaited move that sets the eurozone on a path toward higher interest rates as its long economic crisis recedes.

Published 7 months ago

iPhone 8 Posts Weak Initial Sales, Pressuring iPhone X

iPhone 8 Posts Weak Initial Sales, Pressuring iPhone X

Apple’s iPhone 8 posted the weakest sales of any of the company’s new smartphones in recent years, according to estimates by two market research firms, raising the stakes for the higher-priced iPhone X as advance orders start on Friday.

Published 7 months ago

Ford Posts 63% Profit Jump

Ford Posts 63% Profit Jump

Ford Motor’s third-quarter profit jumped 63% amid strong truck sales in North America, a lower tax rate and belt-tightening measures, leading the auto maker to outpace analyst expectations and brighten its profit outlook for the full year.

Published 7 months ago

Twitter Overstated Number of Users for Three Years

Twitter Overstated Number of Users for Three Years

Twitter on Thursday said it overstated its number of users for the past three years, even as it reported modest user growth for the third quarter.

Published 7 months ago

How Wall Street Scored Its Big Win in Congress

How Wall Street Scored Its Big Win in Congress

The financial-services industry, led by a group of small banks, successfully targeted a few potentially wavering Senate Republicans to ensure lawmakers overturned a rule that would have made it easier for consumers to join class-action lawsuits against banks.

Published 7 months ago

Global Super Rich Get Richer as Number of Asian Billionaires Booms

Global Super Rich Get Richer as Number of Asian Billionaires Booms

It was a banner year for the richest of the rich with their total wealth up 17% in 2016 to $6 trillion after a slightly decline in 2015, far exceeding the increase in global equity markets and world economic growth.

Published 7 months ago

Amid Low Prices, Oil Giants Gush About Breaking Even

Amid Low Prices, Oil Giants Gush About Breaking Even

Oil companies’ break-even number has become an obsession for investors in oil giants as crude prices stay stuck between $50 and $60 a barrel.

Published 7 months ago