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House Republicans stumbled in their first major attempt to reshape the U.S. government under President Donald Trump, as their long-promised health-care bill failed despite days of personal lobbying by the president and Speaker Paul Ryan.
Inability to pass the health bill also dims the prospects of finding a majority for other top legislative priorities.
The head of PBS launched a spirited defense of public broadcasting, saying the organization would like to end reliance on federal funding if access for millions of Americans wasn’t dependent on that money.
Sen. John McCain said Friday he had not spoken to President Donald Trump, a sign of the continuing rift between the two Republicans.
Weakness in junk bonds is becoming a worry for the broader market. The two biggest junk-bond exchange-traded funds -- the SPDR Bloomberg Barclays High Yield Bond ETF and the iShares iBoxx $ High Yield Corporate Bond ETF -- are down around 2% this month and are on track for their worst monthly performance since the end of 2015.
Email compromise schemes are not a new development, but an indictment this week was notable for the sheer size of the losses and the fact that the victims were large technology firms.
Businesses are watching closely a case challenging a system that has led to a concentration of patent cases in plaintiff-friendly jurisdictions. Theranos plans to give shares to investors who pledge not to sue the firm or its founder and Volkswagen successfully returned to the bond markets after its emissions scandal.
WSJ Wealth Adviser highlights some of the top news and analysis for wealth advisers and their clients, with pieces today including: the persistence of no-interest financing even as the Federal Reserve hikes interest rates and how regulators need to focus on culture following the Wells Fargo scandal.
Support for a universal income comes from technophiles like Elon Musk, libertarians like Charles Murray and labor leader Andy Stern. Marc Levinson reviews “Basic Income” by Philippe Van Parijs and Yannick Vanderborght.
San Francisco Fed President John Williams discussed where a “new normal” level for the central bank’s benchmark rate could be and market expectations for a gradual pace of rate increases from the Fed in a video interview with The Wall Street Journal.
San Francisco Fed President John Williams discussed his outlook for interest rates, Fed communication before its latest rate increase and the central bank’s large balance sheet in a Wall Street Journal interview.
San Francisco Fed President John Williams said he expects the central bank to raise short-term interest rates three or four times this year, including the increase last week.
The continent’s history with the issue is very different from the U.S., and newly resurgent populist movements have largely downplayed it
Some of the world’s richest people live in four well-known buildings off New York’s Central Park. But the high life doesn’t always mean staying above the fray: lawsuits, paparazzi, the occasional house arrest.
The industrial conglomerate that owns jet-engine maker Pratt & Whitney, elevator manufacturer Otis, and air conditioner and furnace maker Carrier is seeking to build its digital future in a refurbished Civil War-era warehouse on the Brooklyn waterfront.
U.S. activist investor Elliott Management has emerged as a key player in a $24 billion, trans-Atlantic standoff between Akzo Nobel and PPG Industries, two of the world’s oldest industrial companies.
Marcus Schenck, a chief financial officer who shepherds deals, this month landed the plum job of deputy CEO overseeing Deutsche Bank’s recombined investment bank.
Recent editorials of statewide and national interest from New York's newspapers: