Negotiations started — finally — on the next congressional pandemic-relief and economic-stimulus bill. Meanwhile, the Defense Authorization bill is under consideration in both the House of Representatives and the Senate. Which means that House Speaker Nancy Pelosi and congressional Democrats will have two big choices to make. In both cases, Democrats have to figure out their endgame in order to ...

As Sergio Ermotti prepares to stand down from the top job at UBS Group AG, he’s providing valedictory proof of the company’s wisdom in retreating from risky trading and lending businesses. The Swiss banking giant isn’t problem free. Pressure on its profit margins is persisting and an attempt to seek growth in Asia amid heightened geopolitical tension will keep his ...

Ant Group’s imminent initial public offering promises to make a lot of people rich, including founder Jack Ma and existing shareholders of Alibaba Group Holding Ltd. Yet the real benefit to Alibaba is not in the value of its affiliate’s stock, which could fetch a valuation of $200 billion upon listing in Hong Kong and Shanghai, but in the ongoing ...