Japan Inc. is leaping into the future of cars, courtesy of SoftBank Group Corp. On October 3, Honda Motor Co. announced a $2.75 billion investment in General Motors Co.’s self-driving subsidiary Cruise, a departure from the Japanese carmaker’s tight-fisted approach to technology spending. That follows SoftBank Vision Fund’s $2.25 billion outlay just months ago. With these, GM Cruise is now ...

Bloomberg US stocks fell for a fifth day as Treasury yields resumed their upward march and investors grew increasingly concerned about the effects of the trade war with China. Oil held near $75 a barrel as a major hurricane headed for the Florida Panhandle. The S&P 500 headed for its longest slide since Donald Trump’s election win on rising concern ...

Bloomberg Indian stocks rebounded as some investors judged the recent selloff as excessive after the benchmark index closed at a six-month low. The S&P BSE Sensex rose 1.4 percent to 34,760.89 at close in Mumbai after a technical indicator fell below a level that some investors see as a signal to buy shares. Seventeen of 19 sector sub-indexes compiled by ...

Bloomberg Avoiding smaller stocks around recessions may be a big error. While US small-cap and midcap equities have historically underperformed large caps during recession-linked down- turns, the gap pales in comparison with smaller stocks’ superior returns over a full economic cycle, according to a note from JPMorgan Chase & Co. strategists led by Eduardo Lecubarri. They say an economic contraction ...

Bloomberg President Donald Trump said the Federal Reserve is moving too fast with interest-rate increases and dismissed concerns about inflation, exte- nding his run of criticism that central bankers have largely disregarded as they push ahead with higher borrowing costs. “I don’t like it,” Trump said at the White House, referring to the Fed’s rate hikes, the most recent of ...

Bloomberg JPMorgan Chase & Co. won a decisive ruling at France’s top court in its bid to strike down an indictment that ordered the bank to stand trial for helping clients commit tax fraud more than a decade ago. France’s Cour de Cassation ruled last month that a lower court should have thrown out the 2016 indictment after finding that ...

Bloomberg HSBC Holdings Plc will pay $765 million to settle allegations that it sold defective residential mortgage-backed secur- ities, resolving one of the last remaining US investigations stemming from the mortgage melt- down a decade ago. The sum, announced by US Attorney Bob Troyer in Colorado, is substantially lower than the billions paid by other banks to resolve misconduct linked ...

Bloomberg As the money laundering scandal engulfing Danske Bank A/S threatens to taint other Nordic lenders, Nordea Bank Abp says it has spent years getting rid of suspicious customers in a move designed to dramatically reduce its exposure to such risks. Julie Galbo, chief risk officer at the Helsinki-based bank, said in a phone interview that she can’t rule out ...

Bloomberg The worst run of rupee losses in 16 years is set to extend. Only this time, the declines might not be triggered by oil but by the surprise move by India’s central bank to hold rates despite the currency’s free fall. The rupee, which has fallen for six straight months in the longest stretch since 2002, is seen sliding ...

Bloomberg Aerospace and innovation have gone hand-in-hand since the days of Orville and Wilbur Wright. Airplanes were once simple metal tubes powered by propellers. Long-haul flying meant four engines and at least three pilots on the flight deck at all times. Today, aircraft only require two pilots and are built mostly of carbon composites. Even on the longest routes—more than ...