Bloomberg Walmart Inc has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. The company is searching for a new chief revenue officer for its US e-commerce business, who would work under online leader Marc Lore to help map out its battle plan against Amazon.com Inc, Target Corp and other rivals. ...

When Donald Trump’s former adviser, Steve Bannon, praised bitcoin last year as “disruptive populism“ and revealed he was working on his own cryptocurrency, it was evidence of something many people had long suspected: The forces driving the growth of anarchic, get-rich-quick digital tokens are very similar to those buoying Trump and his imitators. Both are born out of a resentment ...

Earlier this week Representative Alexandria Ocasio-Cortez challenged Federal Reserve Chair Jerome Powell on whether something known as the Phillips curve — the hypothetical inverse relationship between unemployment and inflation — is “no longer describing what is happening in today’s economy.” In a rare moment of bipartisan agreement, presidential economic adviser Larry Kudlow agreed. Ocasio-Cortez is probably concerned about wages. Although ...