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China Leans on Old-Time Drivers to Reach 6.8% Growth in Third Quarter

China Leans on Old-Time Drivers to Reach 6.8% Growth in Third Quarter

The Chinese economy expanded at a robust 6.8% pace in the third quarter, meeting market expectations, as traditional growth drivers such as manufacturing and exports gained steam.

Published 7 months ago

Dow Hits Another Milestone, But Signs of Caution Loom

Dow Hits Another Milestone, But Signs of Caution Loom

The Dow Jones Industrial Average powered past 23000, but the latest milestone masks a potentially worrisome trend: investors keep yanking money out of stock funds.

Published 7 months ago

American Express CEO Kenneth Chenault to Step Down

American Express CEO Kenneth Chenault to Step Down

Kenneth Chenault, the head of American Express and one of the country’s most prominent African American corporate leaders, will step down as chairman and chief executive Feb. 1, capping a 16-year run at the iconic card company as it grapples with a new wave of competition.

Published 7 months ago

Trump Denies Making Insensitive Remarks to Soldier’s Widow

Trump Denies Making Insensitive Remarks to Soldier’s Widow

President Donald Trump denied he made insensitive remarks in a phone call to the widow of a U.S. soldier and accused a Democratic congresswoman of making up the claim, which was supported by a member of the soldier’s family.

Published 7 months ago

GE’s New Chief Makes Cuts, Starting With Old Favorites

GE’s New Chief Makes Cuts, Starting With Old Favorites

John Flannery is getting rid of company cars, a fancy executive retreat and perhaps thousands of corporate jobs under pressure to cut costs.

Published 7 months ago

For ISIS, Losing Territory Means Losing Revenue

For ISIS, Losing Territory Means Losing Revenue

Once the wealthiest terror group in the world, Islamic State is losing lucrative sources of income and its ability to recruit fighters along with the territory in Iraq and Syria that is rapidly slipping from its grip.

Published 7 months ago

Facebook Messenger CEO Vows More Scrutiny of Platform’s Use

Facebook Messenger CEO Vows More Scrutiny of Platform’s Use

Facebook Inc. should be more proactive in detecting malicious actors on its platform, the head of Facebook’s Messenger app business said Wednesday.

Published 7 months ago

Sessions Defends Firing of Comey, Citing Ex-FBI Director’s Role in Clinton Probe

Sessions Defends Firing of Comey, Citing Ex-FBI Director’s Role in Clinton Probe

Attorney General Jeff Sessions on Wednesday defended his role in the firing of James Comey, saying the significance of the former FBI Director’s errors hasn’t been fully understood.

Published 7 months ago

Machines Took Over the Stock Market. Next Up, Bonds

Machines Took Over the Stock Market. Next Up, Bonds

Banks including Credit Suisse, Goldman Sachs and Morgan Stanley are unleashing new trading software systems in an attempt to pick up share in the $6 trillion market for investment-grade corporate debt.

Published 7 months ago

Trump Signals Opposition to Bipartisan Health-Care Deal

Trump Signals Opposition to Bipartisan Health-Care Deal

President Donald Trump sent a strong signal that he opposes a bipartisan deal on health care after earlier expressing support, sowing confusion and raising questions about the bill’s chances of success.

Published 7 months ago

Inside Islamic State’s Other Grisly War, a World Away From Syria

Inside Islamic State’s Other Grisly War, a World Away From Syria

Islamists in the Philippines pledged allegiance to ISIS and occupied the city of Marawi, torching churches and beheading hostages. On the verge of defeat, like their Syrian counterparts, they have left behind devastation and a model for other militants around the world.

Published 7 months ago

Weaker Trade Arbiters Pave Way for Conflict

Weaker Trade Arbiters Pave Way for Conflict

Trump administration attempts to neuter Nafta and the World Trade Organization are intended to sideline the referees from the world trade arena, but that would allow both the U.S. and rivals to be more aggressive, Greg Ip writes.

Published 7 months ago

This Airport Restaurant Is Classified

This Airport Restaurant Is Classified

Why United Airlines has quietly opened an unmarked, invitation-only eatery at Newark Liberty International Airport.

Published 7 months ago

Olympic Gymnast McKayla Maroney Alleges Past Abuses by U.S. Team Doctor

Olympic Gymnast McKayla Maroney Alleges Past Abuses by U.S. Team Doctor

Olympic gold-medal gymnast McKayla Maroney said Wednesday that she was repeatedly sexually assaulted by the former U.S. national team doctor, including at the 2012 London Olympics.

Published 7 months ago

Delta Plans to Take Bombardier Jets from Alabama Plant, Avoiding Tariffs

Delta Plans to Take Bombardier Jets from Alabama Plant, Avoiding Tariffs

Delta said it won’t pay tariffs being proposed by the U.S. government on Bombardier’s new CSeries jetliners because it expects the planes would come from the Canadian company’s Alabama facility.

Published 7 months ago