Bloomberg After the giddy heights of January when its shares hit an all-time high, Tencent Holdings Ltd. has shed $78 billion in value as investors price in the costs of the Internet giant’s massive spending spree. Results on Wednesday are expected to show that rising costs and investments will hurt profitability at Asia’s biggest listed company. While Tencent has said …

Bloomberg Ferris Bueller may have missed his economics lesson on tariffs the day he cut class, but one of Washington’s biggest trade groups is making sure President Donald Trump and other policy makers don’t. The National Retail Federation (NRF) is starting an advertising campaign this week featuring actor and commentator Ben Stein, who’s reprising his role as the economics teacher …

Bloomberg OPEC has enough spare production capacity to cushion oil markets if the US re-imposes sanctions on Iran, according to United Arab Emirates Energy Minister Suhail Al Mazrouei. Three members of the Organization of Petroleum Exporting Countries — Saudi Arabia, Kuwait and the UAE — together have enough capacity, Al Mazrouei said in an interview with Bloomberg Television in Abu …