Bloomberg China’s foreign ministry accused the top US official in Hong Kong of discrediting the city’s business reputation after he warned of diminishing confidence in its rule of law, the latest sign of frayed relations over the troubled Asian financial hub. Gregory May, who took over as US consul general in September, warned that companies in Hong Kong face ...

Bloomberg Boeing Co reported a surprise loss to end 2022 — its sixth straight money-losing quarter — as higher costs slowed the planemaker’s recovery even though a late flurry of jet deliveries drove a surge in cash. Adjusted earnings were negative $1.75 a share in the last three months, the Arlington, Virginia-based company said in a statement. Revenue was about ...

  Bloomberg Walmart Inc., the largest private-sector employer in the US, is raising its starting wage 17% after a surge in inflation last year and heightened competition for workers. The lowest initial wage will jump to $14 an hour from $12 next month, Walmart said in an email. The hourly average will rise to $17.50, up 2.9% from the summer ...