If everyone feels so miserable, why do they seem to be out having a good time? This is the puzzle in comparing US second-quarter bank results with terrible readings in recent consumer sentiment surveys. Citigroup Inc.’s customers are spending freely on restaurants and holidays, which drove credit card volumes up 18% compared with those in the period a year earlier, ...

  Searing inflation and a wave of interest rate hikes is putting global economies on a path to recession. And yet the world’s largest custom chipmaker just raised its full-year revenue guidance after posting another quarter of record profit. It’s not crazy to think Taiwan Semiconductor Manufacturing Co. will hit these bullish targets. Second-quarter net income of NT$237 billion ($8 ...

  The protest in Zhengzhou by victims of a bank fraud and its violent suppression by unidentified men caused an outcry on Chinese social media and captured the attention of the world’s press. Nowhere will the images have resonated more strongly than in Hong Kong. That’s partly because in the current climate it’s all but impossible to imagine a similar ...