On my way to a conference in Ann Arbor, Michigan, last week, I took a little detour to Dearborn, to visit the Henry Ford Museum of Innovation. I wanted to see what a Model T’s gas tank looked like. The importance of the Model T, which the Ford Motor Co. began selling in 1908, is a familiar story. But there ...

Bloomberg There’s what you think you said. There’s what you actually said. And perhaps most importantly for the steward of the world’s largest economy, there’s what people heard. That’s a lesson that Federal Reserve Chairman Jerome Powell is learning the hard way as he seeks to steer the economy between the twin shoals of overheating and recession while being buffeted ...

Bloomberg DNB ASA finally feels it’s getting some respect from investors, but it has some way to go in matching its Nordic rivals on its income mix. With Nordea Bank Abp moved to Finland and Danske Bank A/S mired in a money laundering scandal, Norway’s DNB is now Scandinavia’s biggest bank by market value. While calling itself the largest Scandinavian ...