Bloomberg General Electric Co. plunged the most in nine years after the company disclosed an expanded federal accounting probe and worsening troubles at its ailing power business. The Securities and Exchange Commission is widening its investigation of the company’s accounting to look at a $22 billion charge in the power-equipment unit, the company said as it reported earnings for the ...

Bloomberg Facebook Inc. Chief Executive Officer Mark Zuckerberg is betting the company’s future on video and disappearing posts called “stories,” not the company’s famous news feed. Investors are buying into the vision for now. The newer products may make less money and steal user attention from the main stream of photos, comments and lucrative ads on the social network, Zuckerberg ...

Bloomberg UK businesses are getting increasingly nervous about Prime Minister Theresa May’s ability to pull off a Brexit deal. Optimism in Britain’s economy slumped in October to the lowest level this year, with confidence falling in almost all parts of the country, Lloyds Bank said in a survey published on Wednesday. The concern is spread across firms of sizes, with ...

Bloomberg Euro-area inflation accelerated in October and underlying price pressures increased, complicating policy makers’ choices after the economy grew at its weakest pace since 2014. Consumer prices jumped 2.2 percent from a year earlier while a measure that strips out volatile components rose to 1.1 percent. Inflation has been stronger than the European Central Bank’s goal of just below 2 ...

Bloomberg T-Mobile US Inc. rallied after adding more subscribers than Wall Street expected in the third quarter, giving fresh momentum to a company awaiting federal approval for its $26.5 billion acquisition of Sprint Corp. The carrier added 1.08 million monthly subscribers in the third quarter, beating the 844,000 projected. It was the fourth straight quarter to exceed more than 1 ...

Bloomberg The US economic expansion will stretch into the 2020s and a flattening yield curve is normal and unlikely to invert soon, according to US investment manager Payden & Rygel. The global economy looks on firm footing across the board, with unemployment rates trending lower and inflation rates remaining well behaved, said Brad Boyd, senior vice president at the Los ...

China-US relations have deteriorated faster than almost anyone could have expected. The question looms: Are the two countries leaping with their eyes closed into a so-called Thucydides Trap, with war possible between the rising and the established power? The US is driving this process and should reflect carefully whether it’s in Americans’ best interests to continue down this path. China ...

It wasn’t a dream or an exaggeration by cautious Facebook Inc. executives. The company’s financial results are weakening, just as executives warned they would a few months ago. Everyone knew that at some point Facebook wouldn’t be able to continue posting eye-popping revenue growth and profit margins. What was surprising was how quickly the brakes came on. Early in 2018, ...

Italy may have dodged one blow, but its fight is far from over. After escaping a ratings downgrade from S&P Global Ratings last week, the government bond auction was the next test of investor appetite. October 30 saw 2 billion euros ($2.3 billion) of five-year and 2.5 billion euros of 10-year bonds offered. With the country enmeshed in a budget ...

As it does each year, the European Commission is digging into the budgets of euro-zone member states to see if they comply with the bloc’s fiscal rules. The recent slowing of the European economy complicates this work — or ought to. It suggests that Brussels should not be overly strict. The commission needs to sanction serious violations, but it can ...