For more than two decades, Jeff Bezos has famously sacrificed profit for growth, persuading Wall Street that Amazon.com Inc. was best served pouring money into the logistical nuts and bolts that have turned his company into the Wal-Mart of the web. More recently, investors have found solace in the company’s profitable cloud services business, which has helped offset losses in ...

No one is more eager for the next bear market than long-short hedge funds. Long-shorts had a good year in 2017. The HFRI Equity Hedge Total Index — an index of long-short equity hedge funds — returned 13.5 percent last year, its best performance since 2013. But as my Bloomberg View colleague Barry Ritholtz pointed out last week, it wasn’t ...

Experts may be out of favour these days, but when it comes to reforming the euro zone, expert consensus is as important as political consensus. Most voters only understand the basic drift of such change; if experts agree on details, it can be reassuring. Luckily for political leaders, an expert consensus now exists: It’s laid out in a paper signed ...