Bloomberg Nasdaq Inc and Citigroup Inc are among firms that are investing $20 million in Symbiont.io Inc, a New York-based company that’s applying blockchain technology to capital markets. Their support for Symbiont shows Wall Street’s enthusiasm for the technology behind Bitcoin hasn’t completely cooled with the collapse in cryptocurrencies. And it comes despite a growing pragmatism about the technology’s limitations ...

Bloomberg President Donald Trump’s trade war has sparked a surge in lobbying in the fight over his tariffs. American companies and business groups mostly opposing Trump’s tariffs closed out an active year of lobbying on trade issues in 2018. They expect a busy 2019 as the trade conflict continues and action is pending in Congress on a renegotiated deal with ...

Bloomberg International Business Machines Corp (IBM) gave a positive forecast for 2019 and beat analysts’ estimates for quarterly sales and earnings, led by its business that helps companies and governments manage their technology. Revenue was $21.8 billion in the fourth quarter, topping the average analyst forecast of $21.7 billion. Earnings were $4.87 a share, also beating analysts’ forecasts. IBM said ...