Bloomberg President Donald Trump has presided over an accelerating economy and the lowest unemployment in years, but American workers still aren’t seeing it in their wallets. US average hourly earnings adjusted for inflation fell 0.2 percent in July from a year earlier, data showed, notching the lowest reading since 2012. While inflation isn’t high in historical terms, after years of ...

Bloomberg KKR & Co. is expanding its growth-equity group, adding to its New York office under the leadership of Erica Martin. The firm will add four or five people to the team focusing on technology, media and telecommunications in the next couple of months, according to Martin, who joined earlier this year from buyout firm Warburg Pincus. KKR had about ...

When all is said and done, President Trump’s trade war may be fated to fail. There are many reasons why. One is that the target countries — prominently, China, Japan and Germany — won’t accede to his demands. This is already happening. Another threat is a backlash among US firms, hurt by tariffs that raise their products’ prices. This, too, ...