Snubbing JPMorgan Chase & Co. investment bankers may soon become the norm in one pocket of Corporate America. But the bigger picture justifies the sacrifice. The largest US lender said on Tuesday that it’s teaming up with Berkshire Hathaway Inc. and Amazon.com Inc. to lower the cost of US employee health-care coverage. The move sent a shock wave through stocks ...

With elections in sight, India’s government is under pressure to loosen fiscal policy in its budget on Thursday. Tempting as this may seem, it would be a mistake. Chief economic adviser Arvind Subramanian has made the most candid argument for relaxing the country’s tough fiscal stance: Given the political calendar, promises to honor the targets simply wouldn’t be believed. He ...

In a span of less than 24 hours, we went from a Bloomberg News report last week that China might reduce its exposure to US Treasuries to China’s denial and claims of ‘fake news.’ I suspect the original story and the denial had official backing, with the initial news viewed as a “temporary truth” that would dissipate like a Snapchat ...