A lot of Republicans in Congress will tell you that they support President Donald Trump but disagree with him about trade. There is, however, a small group of conservatives who have found a more ingenious method for reconciling their support for free trade with their enthusiasm for the president. They have remade him into a fellow free trader in their ...

When the Permian basin sneezes, the US oil and gas sector catches a cold. More accurately, the Permian has a nasty dose of congestion. Also more accurately, some in the industry have stro-nger immune systems than others. Exploration and production stocks that sold off in mid-May, as pipeline constraints started hitting the price of Permian barrels, have staged something of ...

A funny thing happens when the economy booms: Investors crawl out on thinner and thinner limbs. It’s happening right now in the bond markets, where the only part that is lucrative is usually the least appealing to all but the nerviest players: distressed state and local governments with the lowest credit ratings (or none at all). Think of bankrupt Puerto ...

Mark Carney, the Bank of England governor, told Bloomberg Markets this week that predicting the pound would fall after a leave win in the Brexit referendum was “probably the easiest call” in the past 25 years of macroeconomics. Sadly for him, setting monetary policy ahead of Britain’s departure from the EU next March is proving much harder. The Bank is ...

Boring is a good look for Apple. The company that was once a seemingly impossible combination of rapid growth and eye-popping profits has settled into a new phase of life. It’s now clear that Apple Inc. won’t return to the iPhone-selling mania of a few years ago. Higher product prices and the regular introduction of new gadgets are patching over ...

For Jaguar Land Rover, the only way out of its deep pothole may be to get a tow from China. The luxury unit of Tata Motors Ltd posted dismal fiscal first-quarter results, recording an unexpected pretax loss of 264 million pounds ($346 million) after running into trouble in many of its main markets. JLR, usually the profit engine for Tata, ...

As earnings season is upon us, it’s worth asking: Does business create value these days the way it once did? One sign it doesn’t is a significant decline in the formation rate of US firms over the past few decades. Economists Peter Orszag and Jason Furman have argued that investment and innovation have taken a back seat to profits derived ...

Bloomberg Vietnam’s skies are about to get more crowded. With state-owned Vietnam Airlines JSC and budget carrier VietJet Aviation JSC serving one of the world’s busiest routes, property developer FLC Group JSC wants a piece of the action with a new airline, operating 37 routes in the country after its inaugural flight in October. Called Bamboo Airways, the new airline ...

Bloomberg Multiple people were injured after an emergency landing by Grupo Aeromexico SAB aircraft but no one died, a state official said, contradicting a report of eight fatalities. Many passengers left on foot from the scene of the accident in Durango, Mexico, said Israel Solano, a state civil protection official, in an interview with broadcaster TV Azteca. The Televisa network ...

Bloomberg Deutsche Lufthansa AG reassured investors that cost cuts and higher fares will help it reach full-year targets after disruption from storms and air traffic control strikes hurt second-quarter earnings. The shares rose the most in 21 months after Lufthansa reported profit that fell less than analysts had feared, despite a rising fuel bill and increased expenses from integrating parts ...