Utilities are, by design, a bit of a snooze. We feel no excitement at the miracle of instantaneous light, television and coffee grinding, expecting these things simply to happen when we want them to — which, virtually all the time, they do. Similarly, investors own utilities for their steady dividends funded by all of us unthinking bill-payers. This mundane arrangement ...

When snack makers start to lament that Indians can’t afford to spend 5 rupees (7 cents) on biscuits, it’s time to stop arguing over how much of the nation’s slowdown is cyclical and what part is structural. Considering its glaring income, wealth and consumption inequalities, India is a surprisingly calm society. However, when purchasing power dries up to the extent ...

Bloomberg US stocks pared an advance as falling financial shares countered gains spurred by trade optimism. Treasuries rose and the dollar fell. The S&P 500 clung to a second day of gains after President Donald Trump struck a softer tone towards China at the Group of Seven summit. Declines by major banks weighed on the benchmark as the 10-year Treasury ...