Xiaomi Corp’s plans to move into electric vehicles are big, bold and brave. They’re also entirely in keeping with the smartphone company’s business model of developing a brand rather than the hardware it sells. After announcing earlier this month that it will join the long list of those wanting to make cars, the Beijing-based company put a price tag on ...

Which part of the US wealth distribution saw its net worth rise the fastest over the past year, five years and decade? No, not the top 1%, according to the distributional financial accounts published last month by the Federal Reserve. The rich had a great run, but they didn’t even come close to the percentage gains in real wealth seen ...

The almost theatrical massing of Russian troops on the Ukrainian border in recent days, which some researchers have described as the heaviest since 2015, brings home to Western leaders an uncomfortable truth: If Russia had the appetite for a major military operation, Ukraine would be at its mercy. Putin the opportunist, who seized a moment of confusion in 2014 to ...