ROMEThe bid for power by Italian nativist politician
Matteo Salvini
has hit an unexpected obstacle: His populist and establishment rivals are trying to overcome their enmity to stop him from seizing control of one of the European Unions most important, and…
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Hong Kong Movement That Thrived Without Leaders Veers Out of Control
Hong Kong pro-democracy protesters have said they benefit from being leaderless, a strategy that has allowed them to strike rapidly and outfox authorities. That now threatens to be the movements undoing.A two-day airport occupation turned to frenetic violence…
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Poor Chinese and German Economic Data Fan Fears of Global Slowdown
Fears rose of a spiraling economic slowdown in Europe and Asia after Germany said its economy shrank in the second quarter and China reported a raft of weak data.The bad news from two industrial powerhouses that are closely interlinked by trade and foreign in…
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U.S. Futures Drop as Treasurys Flash Warning Signal
U.S. 10-year Treasury yields fall below two-year yieldsU.S. stock futures tumbled and Treasury markets sent a new recession signal Wednesday after weak German and Chinese economic data stoked fears of an impending global slowdown.
The moves erase the optimis…
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Warren Buffett Is a Huge Backer of U.S. Banks
Warren Buffett
s
Berkshire Hathaway Inc.
BRK.B -0.98%
holds nearly $100 billion in financial-services stocks, underscoring the size of the billionaire investors ongoing bet on the future of the U.S. economy.Berkshires position has built up over years an…
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Are You Ready for Facial Recognition at the Airport?
Travelers have to face a new realitytheir faces are rapidly becoming their IDs and boarding passes at airports.Facial recognition is rolling out at boarding gates for international flights at big airports in Europe, Asia and the U.S., even as privacy concerns…
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WeWork IPO Filing Reveals Huge Revenue and Losses
WeWorks parent company unveiled the papers for its initial public offering Wednesday, depicting a firm whose revenue growth is steep but whose losses have grown substantially as well.The filing gives the most detailed financials to date of We Co., which was k…
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Macy’s Turnaround Hits Harsh Retail Reality
Macys Inc.
M -13.97%
lowered its full-year earnings outlook after missing profit expectations in the latest quarter, as department stores continue to lose shoppers to newer forms of retailing. In a troubling sign heading into the key back-to-school and hol…
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Huawei Technicians Helped African Governments Spy on Political Opponents
KAMPALA, UgandaHuawei Technologies Co., the worlds largest telecommunications company, dominates African markets, where it has sold security tools that governments use for digital surveillance and censorship.But Huawei employees have provided other services, …
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The Hottest Perk in Tourism: Making the Crowds Disappear
High-end hotels in some of the worlds most tourist-jammed destinations are selling something increasingly elusive: privacy. In Venice, Santorini, London and elsewhere, luxury hotels and tour operators are launching new efforts to help guests avoid the throngs…
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