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Bloomberg Strong US demand and a tight job market have given companies a chance to raise prices coming into this year, and they’re testing the waters gingerly. From consumer goods and airlines to railroads, businesses made attempts to recover higher costs including rising pay for workers, or simply lifted prices to try to boost profit margins amid healthy sales, according ...

As the age of artificial intelligence transforms warfare, the Pentagon faces a delicate problem: How does it convince employees of high-tech companies based in the US that Americans are still the “good guys,” so that they’ll lend their talents to US national-security projects? The challenge is huge, given that Google, Microsoft, Amazon, Apple and other tech giants see themselves as ...

London this week has been anxious under chalky skies with prolonged drizzle, apt conditions for a nation grappling with an unruly process to (probably) depart the European Union. The debate here is largely over how Brexit will affect the political and economic relations between the UK and Europe. Largely ignored, by both Brits and Americans, is how Brexit is a ...

The battle for the Indian consumer was never going to be an all-American affair. Walmart Inc.’s splashy acquisition last year of Flipkart Online Services Pvt., the homegrown e-tailer giving Amazon.com Inc. a solid run for its money, might have given the impression of a two-horse race. But as I argued (here and here), billionaire Mukesh Ambani wasn’t going to watch ...

After 35 days, President Donald Trump announced a deal to reopen the government on exactly the same terms that were available to him more than a month ago: A short-term funding bill with continuing negotiations on border security. Trump didn’t so much cave as he just plain lost. He didn’t have the votes, and as time went on he was ...

The window of opportunity for Russia and Japan to officially end World War II with a peace treaty narrowed again after Prime Minister Shinzo Abe’s visit to Moscow on January 22 failed to end in a breakthrough. There’s still time for Abe to secure his legacy, but a lot depends on President Vladimir Putin’s increasingly shaky domestic standing. As I ...

First, it was the IL&FS Group that ran out of money. Now that the bankrupt Indian infrastructure lender-operator has been sequestered from creditors, the country’s securitisation industry is on borrowed time. It all began with S&P Global’s Indian affiliate, Crisil, downgrading Jharkhand Road Projects Implementation Co.’s annuity-backed bonds to D after it skipped interest and principal payments. It’s a strategic ...

One of the internet’s earliest and most lasting successes, eBay Inc., is under pressure again to remodel itself to fix a persistently cheap share price. The latest initiative from a prominent investor lacks crucial details but also highlights eBay’s missed opportunities. Elliott Management Corp. disclosed that it owns more than 4 percent of eBay’s stock, and it unveiled a blueprint ...

Bloomberg First came a sweeping government crackdown and a surge in defaults and failures at thousands of China’s peer-to-peer lenders. Now, in another troubling sign for the industry, some of the biggest investment banks have stopped taking them public. Wall Street firms including Goldman Sachs Group Inc and Citigroup Inc walked away from US initial public offerings of Chinese P2P ...

Bloomberg Yi Huiman, a banking veteran who most recently chaired China’s largest lender, was named head of the country’s securities regulator, a role that puts him at the forefront of opening up the financial system to overseas firms. Yi, 54, will replace Liu Shiyu, who ran the China Securities Regulatory Commission for three years, state-run Xinhua News Agency reported, citing ...