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WSJ.com: US Business

US Business

Fiber Damage Vexes Verizon After Hurricane Michael

Sun, 14 Oct 2018 21:00:43 EDT

The storm in Florida caused extensive damage to the fiber that underpins the carrier’s wireless network, hurting efforts to restore service.

Sears Files for Chapter 11 Bankruptcy

Mon, 15 Oct 2018 04:03:42 EDT

Sears filed for bankruptcy protection from creditors, marking the collapse of a company that dominated American retailing for much of the 20th century.

JPMorgan CEO Backs Out of Saudi Business Conference

Sun, 14 Oct 2018 20:58:20 EDT

James Dimon has decided not to attend Saudi Arabia’s marquee business conference amid questions about the disappearance of journalist Jamal Khashoggi.

Lavazza and Illy Say 'Basta' as Global Coffee Wars Come to Italy

Sun, 14 Oct 2018 12:14:26 EDT

Two of the best-known names in Italian coffee are bolstering their businesses, hoping to secure their independence as global coffee giants Starbucks Corp. and Nestlé SA make incursions into their turf.

Housing Market Positioned for a Gentler Slowdown Than in 2007

Sun, 14 Oct 2018 15:35:28 EDT

The U.S. housing market is running out of steam, but its slowdown looks nothing like the historic collapse that took down the whole economy in 2007.

U.S., China Edge Closer to a Cold War

Sat, 13 Oct 2018 19:35:57 EDT

The Trump administration is moving to counter what it views as years of unbridled Chinese aggression, taking aim at military, political and economic targets in Beijing and signaling a new era in U.S.-China relations.

SoftBank Gives Startups Billions of Reasons to Hold Off IPOs

Sun, 14 Oct 2018 15:24:49 EDT

If SoftBank secures a majority stake in eight-year-old WeWork through its Vision Fund, the move would likely keep the shared office-space company private for years to come, employing what one venture capitalist calls “a holding-company philosophy.”

U.S. Consumer Sentiment Cooled Slightly in Early October

Fri, 12 Oct 2018 14:10:54 EDT

A measure of economic confidence among American households edged down in early October but remained at a high level.

China's Most Popular Liquor Has Western Aspirations

Sun, 14 Oct 2018 11:38:30 EDT

A producer of baijiu, a high-alcohol beverage favored by the Chinese, hopes it will become trendy among Americans.

Tariffs Hit Those Trump Wants to Help: U.S. Factories

Sun, 14 Oct 2018 23:55:19 EDT

The Trump administration says tariffs on Chinese imports will shift manufacturing back to U.S. factories, but some companies that have done just that say the tariffs are hurting their business.

Global Economy Week Ahead: Consumer Spending, Fed Minutes

Sun, 14 Oct 2018 15:00:04 EDT

The week ahead will feature September consumer spending data and China’s economic growth figures. The Fed also releases minutes from its Sept. 25-26 meeting.

Harris, L3 Technologies Announce Merger Plan

Mon, 15 Oct 2018 01:31:59 EDT

Harris Corp. and L3 Technologies announced plans to combine in the largest-ever defense merger, reacting to Pentagon efforts to get companies to boost investment and speed the development of weapons.

'What's Going to Be on Twitter the Next Day': Central Banks Close Ranks

Sun, 14 Oct 2018 15:31:24 EDT

The Federal Reserve stressed the need for it to normalize monetary policy gradually and transparently, as its global counterparts warned against threats to central bank independence following President Trump’s criticisms of the Fed.

Behind Market Turmoil, Potentially Good News

Sat, 13 Oct 2018 19:55:21 EDT

Interest rates are far below historical definitions of normal. Optimistic analysts believe the economy could have years left to run, and that the stock market selloff will prove to be a temporary bout of indigestion.

In China, a Dot-Com Déjà-Vu

Sun, 14 Oct 2018 22:39:46 EDT

Tech startups, and their valuations, are booming in China. But where some investors see promise and reward, others see risk and a potential reckoning. How it will play out depends upon whom you ask.