Corporate America’s better-than-feared results, paired with cooling US inflation trends, may have offered some relief to equity investors this week, but the gains are masking earnings misses this season. The proportion of S&P 500 firms falling short of second-quarter EPS estimates so far hasn’t seen much improvement from last week’s 19.9%. As big-box retailers take center stage, this level could face more pressure when report cards from Walmart, Home Depot and Target surface, and Wall Street

Democratic governor trolls Florida, Texas counterparts With easy path to re-election, he has little to lose The fate of Democrats vying for congressional seats in November is uncertain. But Election Day almost certainly will result in a great night for one party member: California Governor Gavin Newsom. The first-term Democrat, who easily beat back a recall attempt less than a year ago, is facing nominal opposition in his re-election bid from a rural Republican farmer in a liberal bastion that hasn’ t

Follow the smart money? Plus heat waves and a case of corporate non-seller’s remorse. 

After the US government barred imports of Hoshine Silicon products, Luo Liguo and his family have only gotten richer — and they’re expanding operations in Xinjiang

The House is on track Friday to send President Joe Biden a roughly $437 billion tax, climate and drug price package for his signature, a hard-fought victory that follows a year of Democratic infighting and gives the party an achievement to campaign on ahead of November’s midterm elections.

Foreign ownership raises legitimate fears but national food security is enhanced by outsiders who seek economic opportunity in rural areas.

Barloworld Ltd., the South African car dealer and supplier of equipment to the mining industry, is marketing the nation’s first sale of debt linked to gender-diversity targets. The Johannesburg-based company is planning to raise as much as 1 billion rand ($61 million) in three-year and five-year bonds, with the rates linked to goals for women in its leadership structures, as well as participation of businesses owned by black women in its supply

The Knightsbridge steakhouse is infamous for a £600-plus tomahawk chop and eye-watering prices that led the Instagram star to depart the venture.

Rushdie’s book “The Satanic Verses” has been banned in Iran since 1988, as many Muslims consider it to be blasphemous.

The plot thickens.

University of Michigan sentiment index at 55.1 from 51.5 US consumer sentiment rose in early August to a three-month high on firmer expectations about the economy and personal finances. Inflation expectations were mixed, with consumers boosting their longer-term views for prices slightly, while reducing their year-ahead outlook for

Fast-food retailers, gas stations have opted out of service Mastercard Inc. is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments. The payments giant has begun telling merchants and their banks that it will charge retailers 3% of a purchase price each time a consumer opts to use the new program, according to people familiar with the matter. Retailers will be automatically enrolled for Mastercard’s new buy-now, pay-later service, though they

The Inflation Reduction Act is fiscal progress. But it doesn’t do much for genuine tax reform.

Nigeria, Africa’s biggest wireless market, is moving ahead with a proposed 5% tax on voice calls, mobile data and text messages to tackle a mounting fiscal crisis.

The US equity market rebound can keep confounding skeptics as inflation trends lower, according to global investment strategist at Deutsche Bank AG’s private bank Dirk Steffen.

While there’s little doubt now that food inflation is real and people and businesses are feeling the bite, the key question is by how much?

House Speaker Nancy Pelosi deserves credit, as do party participants who eventually put climate front and center.

Institutional landlords and small flippers are starting to scale back as higher borrowing costs and slowing sales complicate their strategies.