Bloomberg The US economy is beginning the year with a downshift in growth despite $1.5 trillion in tax cuts signed by President Donald Trump in December. Unexpectedly weak February retail sales pushed down forecasts for the annualised pace of expansion in the first quarter, with the Federal Reserve Bank of Atlanta’s GDPNow tracking estimate at 1.8 percent on March 16, ...

Bloomberg Facebook Inc. suspended Cambridge Analytica, a data company that helped President Donald Trump win the 2016 presidential election and which may have collected data from 50 million Facebook profiles without their owners’ permission. The social-networking company said in a blog post that Cambridge Analytica received some user data through an app developer on its social network, violating its policies. ...

Bloomberg It’s little surprise that the best-paid MBA graduates are from American universities. What is unexpected is just how much US schools dominate the rankings. A new survey of the 20 best-paid graduate business schools found that the top 11 are all in the US. The Sloan School of Management at the Massachusetts Institute of Technology came out on top, ...

Bloomberg President Donald Trump’s administration outlined rules for how automakers, pipeline operators and other companies can seek exemptions from new steel and aluminum tariffs that could be worth billions of dollars. The Commerce Department opened the door for those requests with an interim final rule that invites applications from companies or individuals supplying steel to US entities that use the ...

Bloomberg Luxembourg could soon be a home for bankers escaping Brexit. As the Grand Duchy prepares to welcome financiers relocating from the UK, a lack of housing has pushed the price of relatively modest family homes beyond the 1 million-euro mark ($1.2 million). That’s led to edgier areas being developed to keep up with demand, according to real estate brokers ...

It shouldn’t be a problem that incoming National Economic Adviser Larry Kudlow isn’t a trained economist possessing an advanced degree. It isn’t even necessarily disqualifying that he’s known as a famously bad pundit on financial matters. Neither shortcoming makes it impossible for him to do an excellent job leading the National Economic Council (NEC). But another skill is absolutely central ...

Li Ka-shing’s retirement from the empire he built over 68 years marks the end of an era for Hong Kong’s dominant billionaires and, in important ways, for the territory itself. A wartime refugee who started with nothing when the then-British colony was relatively poor and struggling, Li rose with other tycoons of his time as the city developed economically under ...

Every day that draws closer to the April 4 deadline for British companies to declare their gender pay gaps brings a pickup in the number of reports on file, and these cement the sad truth that men tend to get paid more than women. Only about a fifth of the companies who must submit their wage data have done so. ...

If you want to know where cryptocurrencies are in their development, keep an eye on fees. When a new “investment” comes along, investors are often too busy counting their anticipated bounty to care about cost. Shrewd purveyors predictably seize the opportunity to charge excessive fees. But reality inevitably falls short of investors’ expectations, and the focus eventually turns to how ...

One of the more mystifying features of recent economic debate is how many people seem unbothered by the very real possibility of an old-fashioned trade war. Donald Trump, of course, relishes the possibility of such a battle — as he would, no doubt, any war he didn’t have to fight personally. Naturally, he’s convinced that the US would ‘win’ one. ...