It’s a done deal. Almost everyone, or so it seems, believes the Federal Reserve will cut short-term interest rates at next meeting when its main decision-making body meets. President Trump favours lower rates. So do many economists, including some fierce Trump critics. Similarly, Fed Chairman Jerome “Jay” Powell says the Fed wants to sustain the economic expansion. Finally, Wall Street ...

After a horrid start to the year, UBS Group AG Chief Executive Officer Sergio Ermotti finally got some relief. Switzerland’s biggest bank posted its best second quarter results under his watch. Unfortunately, the likelihood that the stars will remain aligned is remote. At $1.4 billion, net income in the three months through June was the highest since 2010, comfortably beating ...

Nokia Oyj started as a single paper mill in 1865. In recent years, it’s the stock that has been through the mill, as the maker of telecommunications equipment has ebbed and soared with each burst of spending on next generation mobile networks. Chief Executive Officer Rajeev Suri has steadily toiled away to drag the Espoo, Finland-based company through to the ...