Bloomberg They’re Donald Trump’s kind of business. They dominate the domestic market, rack up a trade surplus by selling to foreigners, and do a lot of their manufacturing in states that voted for him. But America’s recreational boat-builders are getting caught up in the president’s trade war. With every escalation, they’ve taken a fresh hit. The industry employs about 150,000 ...

Let’s travel back in time to 1995. Most Americans still remembered the calamitous inflation of the late 1970s (prices rose 13 percent in 1979). Many federal benefits, including Social Security, were (and are) tied to inflation. But was the inflation overstated, as many economists thought? If so, the economy might be doing better than repor-ted. To answer that question, the ...

Corporate executives and their accountants have long contended that the use of adjusted earnings, which ignore costs like acquisition expenses, interest payments or just about anything they find inconvenient, gives investors a better picture of companies’ performance. Under no circumstances is it manipulation, they say. But a new study suggests it just might be. The study, which will be presented ...

Masayoshi Son is a man of grand ambitions. But his dream of raising $30 billion in an initial public offering of his Japanese mobile-phone company may be a stretch. SoftBank Group Corp is seeking a valuation of about $90 billion for its domestic wireless business and is speaking to advisers about selling a third of the unit, Giles Turner, Ruth ...

In the year since melding two companies to create an asset management company with sufficient heft to compete globally, Standard Life Aberdeen Plc shares have lost almost a quarter of their value. Imagine how much worse life might have been without that merger. Standard Life suffered net outflows of 16.6 billion pounds ($21.5 billion) in the first half, it said ...

Energy dominance sure does seem to come with a hefty dose of self-flagellation. The latest bit of America’s energy sector to feel the over-the-shoulder lash is the liquefied natural gas-export business. LNG joined the list of goods that China will hit with tariffs in retaliation for US ones. This is problematic when you consider China has taken 13 percent of ...

Indra Nooyi will step down as Chief Executive Officer of PepsiCo Inc, Bloomberg News reported. Two big problems trail in her wake. Her departure, scheduled for October, leaves the S&P 500 on track to have just 23 female CEOs, less than 5 percent of the total, according to data from Catalyst, a non-profit research and advisory group. It’s not just ...

Since the end of World War II, a broad consensus in support of global economic integration as a force for peace and prosperity has been a pillar of the international order. Since the fall of the Berlin Wall a generation ago, the power of markets in promoting economic progress has been universally recognised. From global trade agreements to the European ...

Bloomberg It’s turning out to be a bumpy road to recovery for Cathay Pacific Airways Ltd. Just when the premium airline was showing signs of a rebound, crude oil played spoilsport again, denting early gains from a transformation plan that CEO Rupert Hogg considers crucial to survival. More uncertainty lies ahead for the world’s third-largest cargo carrier as a global ...

Bloomberg Pandora A/S plunged after the world’s biggest jewelry maker cut its profit and sales forecasts amid struggles in key markets such as the US and China. The shares fell more than 20 percent, the most in seven years, and were down 19.7 percent at 345.4 kroner in the Danish capital. Investors were battered by a similar slump just three ...