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With the presidency and both houses of Congress in their grasp, Republicans have a rare opportunity to make policy reforms. So far, nothing major has been done. On health care, the GOP failed to advance legislation. Now attention is turning to tax reform. Let’s hope the fact that taxes aren’t as much of a hot-button issue as health care will ...

In his speech about Afghanistan, President Donald Trump admitted that he once opposed the very strategy he was proposing. “My original instinct was to pull out,” he said. “I like following my instincts.” Credit where it is due: These may be the five truest words Trump has ever spoken. Harder to credit is his explanation for why he changed his ...

As usual, Donald Trump was overstating things when he bragged on Twitter that he has made the US nuclear arsenal “far stronger and more powerful than ever before.” The US does have the world’s largest collection of its most dangerous weapons, but the work of modernizing it predates and will outlast his presidency. The Pentagon is in the early stages ...

Mario Draghi’s appearance alongside Janet Yellen and Haruhiko Kuroda this week at Jackson Hole, Wyoming, would make a great photo for the history books. It may well be the trio’s last Fed retreat together. The guessing game on Fed leadership has received plenty of attention, and this month I wrote that Kuroda deserves a second term atop of the Bank ...

France’s new leader won stunning support this spring and squandered it with stunning speed soon after. But he has what Napoleon said a general needs most: luck. President Emmanuel Macron has not yet begun serious reform of France’s sclerotic economy, such as a rewrite of France’s overweight labor regulations, which is sure to prompt protests. But in the meantime he ...

The biggest problem with US insider trading laws is that the US has no insider trading law. It’s true. The nation’s seminal securities statute, the Securities Exchange Act of 1934, while broadly outlawing securities fraud, never even employs the phrase “insider trading.” And over the subsequent 83 years, while Congress has occasionally increased the penalty for insider trading, it has ...

Bloomberg On a test route in Berlin traffic, an experimental Jeep Grand Cherokee slams on its brakes every few hundred yards, like a nervous teenager with a learner’s permit. In a sense, that’s exactly what the robo-car is. Even after months of navigating the same 11-kilometer (7-mile) set of roads, the sport utility vehicle that’s kitted out with an array ...

Bloomberg Microsoft Corp. is doubling down on its attempt to back Europe’s next big software startups, in order to win over future business to its cloud platform. The US company is set to reveal on Monday a new Berlin-based, four-month program focusing on supporting companies that have raised early-stage financing and are building software for some of the fastest-growing areas ...

Bloomberg Alphabet Inc.’s Nest introduced a cheaper version of its digital thermostat to spur sales as the smart home sector gains new competitors. The new model, the Thermostat E, costs $170, coming in $80 below the current version, Nest said. To cut costs, Nest used plastic rather than metal for the edges that surround the circular thermostat and swapped the ...

DUBAI / Emirates Business LG Electronics (LG) took the wraps off the eagerly anticipated LG V30, the latest iteration of the company’s V series flagship smartphones. The LG V30 improves on the strengths of the V series phones in providing a whole new mobile experience and offering optimal multimedia features. The V30 features many industry innovations – the first F1.6 ...