To firms planning to buy other companies with borrowed money in the new year: Please take a moment to reconsider and learn from those who have gone before you. US consumers feel great, right? The presidential election is over. Talk of jobs and infrastructure spending, coupled with stock-market indices flirting with all-time highs, is stoking excitement for the future ...

  Few presidents have come into office as likely to fail as Donald Trump. This isn’t because of his various character flaws, or because he leads a divided party and nation. It’s because his central aim, to restore the age of American “greatness” — and in particular to bring back manufacturing jobs — is simply not doable. An overwhelming 85 ...

  Bloomberg China has tested the latest version of its fifth-generation stealth fighter, state media reported Monday, as it tries to end the West’s monopoly on the world’s most advanced warplanes. The test comes as the nation flexes its military muscles, sending its sole aircraft carrier the Liaoning into the western Pacific in recent days to lead drills there for ...