That pain the global tech industry felt at the end of 2018 isn’t about to abate. The outlook from Taiwan Semiconductor Manufacturing Co. last week in Taipei paints a dire picture that will persist at least through the middle of this year. Those dark clouds I warned about in August haven’t gotten any lighter. At the time, I noted that ...

Fearing that low unemployment would spur serious inflation, the Federal Reserve has raised its benchmark interest rate nine times since December 2015 and has started to shrink the size of its balance sheet assets in an effort to tighten credit. So imagine the surprise when the minutes of the Fed’s December monetary policy meeting stated that “many participants expressed the ...

When Elon Musk broke ground on Tesla Inc.’s Gigafactory in Shanghai earlier this month, he wasn’t just thinking about how many Teslas he’ll sell in China. He was thinking about how many he might be able to share. Musk isn’t alone. Global automobile manufacturers are scrambling to develop services that will allow Chinese car owners to rent out their vehicles ...