Every so often you see someone demand that leaders abandon their focus on gross domestic product in favour of other metrics of economic success. Some countries are actually trying to do this; for example, New Zealand just introduced a happiness index (Bhutan did something similar two decades ago). But modifying GDP is probably more trouble than it’s worth. GDP does ...

Bloomberg In a week when just a few words from Jerome Powell and Donald Trump were enough to send stocks reeling, it’s easy to conclude their pronouncements are all that matter to markets right now. But something else keeps showing it can sway prices: bad earnings. While investors clearly were glued to every word from the central bank and president, ...

Bloomberg Chinese authorities proposed rule changes that would for the first time allow local investors to buy shares of some popular technology companies listed in Hong Kong — including, potentially, Alibaba Group Holding Ltd. The country’s stock exchanges published draft regulations that would bring stocks with different classes of voting rights into the trading links between the mainland and the ...