The yuan’s ascent this year has brought with it some of the usual handwringing about the impact on China’s exports. The anxiety kind of misses the point about modern China, as does much of the political conversation in America. A peek at the past week’s data from China is instructive. The really important numbers weren’t a decline in exports, but ...

Federal Reserve Vice Chair Stanley Fischer’s decision to resign in October with nine months remaining on his term could mean the potential is high for central-bank policy to be reshaped much sooner than many investors expected. Fischer’s departure will leave four of the seven seats on the Fed Board of Governors vacant, and that doesn’t include the one held by ...

Bloomberg It’s been a busy week for Apple Inc. While Chief Executive Officer Tim Cook showed off the 10th anniversary iPhone in California, his lieutenants worked half a world away on what may become the company’s largest deal ever. Apple is in talks to invest about $3 billion in Toshiba Corp.’s memory chips business as part of a consortium led ...