After bottoming out at $438 billion and 2.4 percent of gross domestic product in fiscal 2015, the US federal deficit has started growing again. It was $666 billion (3.5 percent of GDP) in the fiscal year that ended in September, and with the big tax cut passed by Congress and signed by the president in December, and the moderately generous ...

The next governor of the People’s Bank of China has a broader, more conceptual inbox than is typical of incoming central bankers. Zhou Xiaochuan has held the post since 2002 and has hinted that retirement is coming. Zhou helped transform the bank from a fairly obscure bureaucratic outpost in the economic world to a place with a growing international profile ...

Qualcomm Inc. is trying to call Broadcom Ltd.’s bluff, but the company may end up with its own credibility crisis. Qualcomm’s board rejected Broadcom’s latest $82 cash-and-stock bid, saying it materially undervalued the company. The chipmaker is, however, finally willing to meet with Broadcom to determine “the true highest price at which you would be prepared to acquire Qualcomm” and ...