The US-China tech cold war is about to spread, and that will force leaders to make some difficult decisions. I wrote last week that a digital Iron Curtain had been drawn when President Donald Trump moved to isolate Huawei Technologies Co. Within a week, global corporations were caught in this divide. Alphabet Inc.’s Google said it would cease some ties ...

After correcting for inflation, wage gains remain sluggish. In April, average weekly earnings for nonsupervisory workers were up 3% from a year earlier, to $785.55. Meanwhile, prices as measured by the consumer price index were up 2%. Considering that the economy has been expanding for nearly a full decade, this is perplexing, even allowing that wages are growing faster at ...

It’s become depressingly familiar to watch Italian government bonds yields push higher, with the spread over German bunds getting close again this week to its widest point of the year. For that, you can thank more political posturing by the country’s populist leaders ahead of the May 23 European elections. Matteo Salvini, leader of the League and deputy prime minister, ...