Ever since the economist Milton Friedman claimed the sole responsibility of business was to maximise pro-fit, there’s been a lively debate about whether companies sh-ould have other, more socially beneficial aims. It’s pretty much accepted practice, though, for a firm to try to sell more of their products and services. To not do so is a good way to go ...

For weeks now, financial markets have been treating a July interest-rate cut by the Federal Reserve as a sure thing. That’s a big deal because over the past quarter-century, the central bank has never failed to deliver when implied odds reach 100 percent. I’m certainly not one to fight the bond markets. But … there’s a first time for everything. ...

Bloomberg Samsung Electronics Co has completed a two-month redesign of the Galaxy Fold to fix embarrassing screen failures that forced its delay, people familiar with the matter say, allowing the Korean giant to debut its marquee smartphone in time for the crucial holiday season. The world’s largest smartphone maker is now in the final stages of producing a commercial version ...