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Fed Isn't Ready to Cut Balance Sheet

Thu, 23 Feb 2017 23:32:39 EST

Fed Chairwoman Janet Yellen and other top central bank officials are in no hurry to reduce their $4.5 trillion portfolio of securities and other assets, effectively pushing back on several regional Fed bank presidents who have suggested starting the process this year.

U.S. Consumer Sentiment Falls But Remains Near Decadelong High

Fri, 24 Feb 2017 10:53:51 EST

A gauge of consumer sentiment fell slightly in February, but remained near a decadelong high, as self-identified Republicans and Independents remain confident in the economy after the election of Donald Trump.

Trump Team Broadens Search for Fed Regulatory Post

Fri, 24 Feb 2017 09:58:45 EST

The Trump administration has broadened its search for a key regulatory job at the Federal Reserve, according to people familiar with the matter, meeting in recent weeks with at least two people about the post of Fed vice chair in charge of bank oversight.

Trump's Hard Line on Immigration Collides With U.S. Demographics

Thu, 23 Feb 2017 10:02:32 EST

President Trump hopes to deliver growth above 3% in the coming decade, which would be hard in the best of times. He and Republicans seem intent on making it harder by putting the brakes on immigration, Greg Ip writes.

World Trade Flows Grew at Slowest Pace since Financial Crisis in 2016

Fri, 24 Feb 2017 09:22:46 EST

International trade flows grew at the slowest pace since the financial crisis in 2016, but there were signs of a modest pickup as the year drew to a close.

Scandal-Struck Samsung Tightens Donations Policy

Fri, 24 Feb 2017 10:21:05 EST

Samsung Electronics, facing bribery allegations tied to a political-corruption scandal, said it will create a committee to review donations and be more open about when it gives money.

How Nasty Gal Went From $85 Million in Sales to Kaput

Fri, 24 Feb 2017 11:28:14 EST

The spiral into bankruptcy of Sophia Amoruso’s Nasty Gal, an online retailer once popular with millennial shoppers and venture capitalists, shows how its swift growth led to stumbles.

Software Bug at Internet-Service Provider Sparks Privacy Concerns

Fri, 24 Feb 2017 09:43:43 EST

A software bug at Cloudflare that caused it to leak data has created a potential security headache for thousands of its corporate customers.

Michael Novak Crafted a Moral Defense of Democratic Capitalism

Fri, 24 Feb 2017 10:00:06 EST

Michael Novak wrote more than 50 books, including the acclaimed “Spirit of Democratic Capitalism,” a 1982 work that made a moral case for capitalism. Mr. Novak died Feb. 17 at 83.

U.S. New-Home Sales Rose 3.7% in January

Fri, 24 Feb 2017 11:44:26 EST

New home sales rebounded in January after a steep decline in December, an indication that the new-construction market remains on the path to recovery despite bumps along the way.

Japan Unleashes Its Inner Slacker: Leave Work Early (Once a Month)

Fri, 24 Feb 2017 07:00:27 EST

Premium Friday’s goal is to improve productivity, reduce employee overwork and increase consumption. But will Japanese people take the bait?

GM, Tech Industry at Loggerheads Over Self-Driving Cars

Fri, 24 Feb 2017 10:19:52 EST

General Motors is backing legislation in numerous states that tech companies say is designed to put them at a disadvantage in the nascent market for autonomous vehicles. GM denies the claim.

Vale CEO to Step Down in May

Fri, 24 Feb 2017 10:10:29 EST

Brazilian mining giant Vale said its chief executive plans to step down when his term ends in May, amid reports of pressure to replace him with a political appointee.

Where Are the Toilets? Order Glut Stretches Giant Jet Makers to Limit

Fri, 24 Feb 2017 09:48:07 EST

Steep production increases, caused by rapid airline expansion, are straining the supply chain that serves Airbus and Boeing. Suppliers of seats, toilets and engine parts are struggling to keep up.

British Airways Parent Jump-Starts Plans for Budget Trans-Atlantic Flights

Fri, 24 Feb 2017 11:00:58 EST

British Airways parent IAG said flights from Barcelona would start in June, a day after Norwegian Air Shuttle expanded its service with fares from $65. IAG also reported a 29% rise in profit and announced a share buyback.

Hilton to Buy Back $1 Billion in Shares, Pay Dividend

Fri, 24 Feb 2017 09:32:15 EST

Hilton Worldwide Holdings announced a $1 billion share buyback program and launched a dividend as the hotel company charts its path forward after a major reorganization of its business.

J.C. Penney to Close More Than 100 Stores

Fri, 24 Feb 2017 12:05:38 EST

J.C. Penney said it would shutter two distribution centers and up to 140 stores as the big-box retailer contends with falling foot traffic. The company also reported its first annual profit since 2010.

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