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With the release of their new “framework” for tax reform, President Donald Trump and congressional Republicans have once again succeeded in avoiding an actual plan. At best, it’s the start of a process that might conceivably lead somewhere. The framework has some commendable principles—calling for simpler, lower taxes for businesses and the middle class; a broader tax base with fewer ...

“We have to get massive border security,” President Donald Trump declared 10 days ago. There has to be “100 percent operational control” of America’s border with Mexico, Senator John Cornyn, a Texas Republican, likes to say. This is good stuff for the conservative base, evoking the specter of hordes of lowlife immigrants storming across the border and threatening US security ...

While much of the world’s attention is fixated on North Korea and its nuclear ambitions, something with the potential to be equally globe-rattling is taking place, generally unnoticed, in South Korea. There, new President Moon Jae-in is charting an entirely contrary course in economic policy than much of the rest of the developed world. If successful, the experiment could alter ...

It’s clear after election in Germany that the electoral failures of established socialist parties in Europe are not a few isolated events but a trend, an existential crisis for the center-left. There are few better illustrations of this crisis than Social Democrat leader Martin Schulz’s futile anger at Chancellor Angela Merkel in the aftermath of Sunday’s election. Schulz called her ...

Bloomberg Amazon.com Inc., girding for competition from Apple Inc. and Google in the race to equip homes with smart devices, unveiled a slew of consumer gadgets including an Alexa-powered digital-home hub, a smaller and cheaper Echo speaker and a new mini Echo with a screen, called Spot. Though hardware products aren’t key to Amazon’s bottom line, they serve as important ...

Bloomberg Roku Inc.’s trading debut has catapulted it among the biggest gainers for newly listed technology and communications stocks as investors bet on the success of streaming video. The shares closed at a high on its first day of trading at $23.50, up 68 percent from its $14-a-share initial public offering price. That surpassed MuleSoft Inc.’s first day rise in ...

Bloomberg Toshiba Corp. signed a final agreement to sell its flash memory chip business to a group led by Bain Capital for about $18 billion, moving a step closer to completing the deal after months of contentious negotiations. The Bain consortium includes major technology players Apple Inc., Dell Inc., SK Hynix Inc. and Japan’s Hoya Corp., while Toshiba itself will ...

Bloomberg For 19 nonstop hours as Hurricane Irma lashed Florida, disc jockey Nio Fernandez broadcast updates in Spanish from the 92.5 Maxima radio studios in St. Petersburg, fielding updates from those trapped in their homes as wind and rain whipped through the area. “There was a sense of desperation in people’s voices,” he said of callers to the station. “They ...

Bloomberg Citigroup Inc. and the wreckage of Lehman Brothers Holdings Inc. have resolved a fight over $2.1 billion that dates to the financial crisis, while quietly burying a key question about derivatives-trading practices. Citigroup agreed that it will give back $1.74 billion to the estate of the failed New York-based investment bank. Citigroup had kept about $2.1 billion that Lehman ...

Bloomberg A former Barclays Plc trader who bragged about disrupting the western U.S. power market more than a decade ago dodged a $1 million fine by a US regulator for alleged manipulation. Ryan Smith convinced a federal judge in Sacramento, California, that the Federal Energy Regulatory Commission waited too long to bring its case against him for allegedly scheming with ...