The earnings season three months ago raised one key question for corporate America: Did companies have the pricing power to respond to rising freight and commodity costs by raising their own prices? This quarter’s earnings season is providing an answer: Yes. So companies are going to raise prices. That aims to protect their profit margins. At whose expense? The whole ...

Kraft Heinz Co. represents all that is wrong with aspects of corporate America. So why does Warren Buffett like the stock? The US markets and economy may be holding up, but there’s a corner of the business world with an unsettling combination of factors: few growth opportunities, resistance to new customer trends, ruthless cost-cutting to make up for revenue shortfalls, ...

The Treasury Department is apparently looking into using its regulatory power to change the way taxes on capital gains are assessed. The idea is to confine the taxes to real, inflation-adjusted gains, not nominal gains, as now. There’s a particle of sense in this notion, but it’s buried miles deep in bad faith and bad economics. The change would amount ...