For much of the past two and a half years, the UK has had the luxury of negotiating the terms of its departure from the European Union under little pressure from the financial markets. The new prime minister Boris Johnson could soon come to pine for those calmer days. Sterling fell by more than 1.3 percent to $1.22, hitting its ...

German courts, regulators and legislators are deeply suspicious of Big Tech’s business practices. Yet it’s hard to shake the feeling that, when they intervene to fix them, they only skim the surface of what’s wrong with the internet majors. That’s not necessarily wrong, either. Take, for example, Facebook’s practice of collecting data from third-party websites that have embedded the social ...

Tesla Inc. refers to its most head-snapping level of acceleration as “ludicrous” mode. What the company needs, though, is escape velocity. And what it needs to escape are its operating costs. The company didn’t manage to turn a profit despite record vehicle deliveries in its last quarter. As cheaper Model 3s account for a bigger proportion of sales, bringing down ...