Automakers in the US just had a bad month. Buckle up: It’s going to get worse. Sales cratered in September. Toyota Motor Corp.’s dropped 10 percent, Honda Motor Co.’s were down 7 percent, Ford Motor Co. posted a decline of about 11 percent and Nissan Motor Co. saw deliveries fall 12 percent. A worsening US auto market should be no ...

On Monday President Donald Trump announced the end of Nafta, the trade agreement he’s repeatedly called a “disaster” for US workers, and hailed its successor, the United States-Mexico-Canada Agreement, as the greatest trade deal ever seen. As you might therefore expect, the new agreement is just a lightly tweaked version of the old. Despite the president’s theatrics, Nafta lives on. ...

On Monday, Uber returned to Dusseldorf, Germany, a city it was forced to abandon in 2015. This is a victory both for German regulators and for Uber, or rather, for its new version under Chief Executive Dara Khosrowshahi. It shows that the San Francisco-based company can actually function as a tech platform, rather than as a taxi business that pretends ...

What if everyone is wrong about Apple Inc.’s most closely watched growth business? Investors have been obsessed with what Apple calls its “services” segment — a grab bag that includes the company’s cut of iPhone app sales; the AppleCare warranty program for devices; and subscriptions for internet add-ons including Apple Music, iCloud digital file storage and perhaps soon a Netflix-like ...

India’s extraordinary attempt to give every resident a biometric ID, the Aadhaar project, has just been declared constitutional — in part — by the country’s Supreme Court. It was hard to imagine any other outcome; too much time and money had been spent on Aadhaar, and too many of India’s poorest people had waited patiently in line for their chance ...

Bloomberg US stocks rose towards records and the dollar gained after upbeat private jobs data bolstered confidence in the world’s largest economy. European assets firmed on news the Italian government may rein in spending. The S&P 500 Index headed for a record close as technology and financial shares advanced. Italian debt jumped after four days of selling and the Stoxx ...

Bloomberg For some Philippine money managers, it’s still too soon to scoop up shares in the world’s worst-performing stock market. As the Philippine Stock Exchange Index dipped below 7,100, taking its valuation to its lowest level since January 2016, Metropolitan Bank & Trust Co. is among the firms that’s staying on the sidelines. John Padilla, the head of equities at ...

Bloomberg Federal Reserve Chairman Jerome Powell welcomed recent increases in Americans’ wages while expressing confidence that low unemployment won’t spur a takeoff in prices that would force him to hike interest rates aggressively. “The rise in wages is broadly consistent with observed rates of price inflation and labor productivity growth and therefore does not point to an overheating labor market,” ...

Bloomberg Randal Quarles, the Federal Reserve’s vice chairman for supervision, is vying with the head of the Dutch central bank to lead a watchdog panel for the global financial system. Quarles, the US central bank’s chief Wall Street regulator, and Klaas Knot are the front-runners to lead the Basel-based Financial Stability Board after Mark Carney steps down on Dec. 1, ...

Bloomberg Italian assets were roiled yet again after a prominent euroskeptic said that the nation could resolve its debt problems with its “own currency.” The yield on the nation’s 10-year bonds touched the highest level in more than four years after Claudio Borghi, head of the lower house budget committee, said the euro was “not sufficient” to solve Italy’s fiscal ...