Bloomberg US factory production expanded in December by the most in 10 months, ending the year stronger than expected thanks to a surge in motor-vehicle output and gains across a range of other goods. Manufacturing output rose 1.1 percent from the prior month after an upwardly revised 0.1 percent rise, Federal Reserve data showed. The results exceeded all estima- tes ...

As the partial government shutdown drags on, the political cost is mounting for the White House, and the domestic consequences — from uninspected food to long airport security lines — are accumulating. There is also a widely overlooked problem: The shutdown is taking a toll on US foreign policy. With global concerns about the stability of the US government rising ...

If this is prudence, let’s have more of it. The People’s Bank of China’s (PBOC) bit-by-bit approach to spurring growth is letting fiscal policy take a welcome turn at the wheel. It also amplifies a trend seen in other major economies, where central banks are carrying less of a burden relative to the past decade. The message was on vivid ...