If ever there was a case of political miscalculation, it’s the collapsing relationship between President Trump and the chairman of the Federal Reserve Board, Jerome (‘Jay’) Powell. Trump seems to have believed that he could easily manipulate Powell into embracing an aggressively easy monetary policy whose main objective was Trump’s re-election. For his part, Powell seems to have believed that, ...

So divergent have their fortunes been since the financial crisis, European banks tend to trail their Wall Street peers on most of the metrics investors care about. Gender diversity at the top might be the next lagging indicator. There are rare bright spots in Europe. Royal Bank of Scotland Group Plc promoted Alison Rose to chief executive officer, the first ...

It has been a busy month at Walmart Inc. First, America’s largest retailer said it would stop sales of some kinds of ammunition in the wake of a shooting at one of its stores in El Paso, Texas. Then the company said it would cease selling e-cigarettes as a mysterious lung illness has raised new concerns about the safety of ...