US economy

Trump Wants More `Armed Soldiers' on Border After Mexico Mix-Up

President Donald Trump said that he plans to send “armed soldiers” to the southern U.S. border, once again blasting Mexico for “not doing nearly enough” to apprehend migrants.

Two Capitalists Worry About Capitalism’s Future

James Dimon and Ray Dalio are among the most successful capitalists in the U.S. today. So when they worry aloud about the future of capitalism, it’s worth listening.

Trump Says He Will Fight Subpoenas Related to Mueller Report

President Trump said he would resist all efforts by the House to question current and former administration officials about special counsel Robert Mueller's report, his latest in a series of blunt-force responses to what is traditionally a careful dance between legislators and the executive over their prerogatives.

Global Economy

AMLO Says Private Oil Output Not Yet Enough to Restart Auctions

Mexican President Andres Manuel Lopez Obrador said that oil output from private companies hasn’t risen to a level that would justify restarting auctions that his administration put on hold.

Mexico's Consumer Inflation Accelerates

Mexico's consumer price inflation accelerated on a year-to-year basis in the first half of April as higher costs of services like travel and recreation ahead of the Easter holiday week largely offset a drop in energy costs.


Cemex First-Quarter Profit Rises

Mexican cement maker Cemex said its net profit almost doubled in the first quarter as lower financial costs and foreign exchange gains compensated for weakness in sales and operating profit.

Help Wanted: Regulators Seek Executives to Staff Failed Banks

The Federal Deposit Insurance Corp. is assembling a stable of executives who could be installed in top jobs at failed banks, taking advantage of a calm spell in the business to better prepare for the next downturn.

Carlos Ghosn Leaves Jail Again in Release on Bail

Carlos Ghosn left a Tokyo jail for a second time late Thursday, returning to his modest one-bedroom apartment in the city—this time alone after agreeing not to see his wife without prior court approval.

Walmart Is Said to Explore Options for Asda Including IPO

Walmart Inc. is exploring options for its Asda unit including an initial public offering after plans to combine the business with J Sainsbury Plc to create the U.K.’s largest supermarket chain collapsed, according to people familiar with the matter.

Verizon Pauses Plans to Charge for 5G

Verizon Communications Inc. is holding off for now on its plans to charge an extra $10 a month for faster 5G smartphone service.

Microsoft Hits $1 Trillion Market Value for First Time

The $1 trillion club just got its third member: Microsoft Corp.


Trump’s Offshore Oil-Drilling Plan Sidelined Indefinitely

The Trump administration’s proposal to vastly expand offshore oil and gas drilling has been sidelined indefinitely as the Interior Department grapples with a recent court decision that blocks Arctic drilling, according to Interior Secretary David Bernhardt.

Debt Ghosts Rattle Argentina's Push for Shale Greatness

To replicate the kind of shale boom taking place in America’s Permian Basin, Argentina first needs to convince investors it can avoid another financial crisis.

Will China and Iran Ignite Oil Prices?

Chinese growth is heating up. Iranian oil exports are about to get squashed. Surely this is a recipe for a monster oil-price spike?

Argentina Strategists See `Dire' Situation, `Signs of Panic'

Traders pounced on Argentine assets for a second day, sending bonds into distressed territory and the peso to a fresh low.

Trump Said to Consider Waiving U.S. Ship Mandate for Natural Gas

President Donald Trump is seriously considering waiving the requirement that only U.S.-flagged vessels can move natural gas from American ports to Puerto Rico or the Northeast, according to people familiar with the deliberations.