PHILADELPHIA—U.S. authorities said they seized more than $1 billion of cocaine Tuesday from a ship at a Philadelphia port, calling it one of the largest drug busts in American history. The U.S. attorney’s
WASHINGTON—President Trump ratcheted up pressure on the Federal Reserve ahead of a major interest-rate decision, suggesting Tuesday he could consider demoting its chairman depending on the outcome. “Let’s
ORLANDO, Fla.—President Trump drew thousands of supporters to Central Florida for the ceremonial kickoff of his re-election campaign, a splashy show of political force just as a wave of polls shows the
Has Donald Trump’s hard negotiating line with our friends persuaded a strategic rival to finally cut a deal? Investors eager for any sign of lower trade barriers between China and the United States responded
PG&E Corp. has agreed to pay $1 billion to a range of California cities, counties and other government entities to settle claims related to taxpayer losses caused by three devastating fires in the state.
WASHINGTON—The acting chairwoman of the Consumer Product Safety Commission said she would withdraw her nomination to run the agency on a permanent basis, following criticism it had botched the response
WASHINGTON—A push by the Trump administration to deport hundreds of thousands of immigrants who are subject to final removal orders faces immediate legal and logistical hurdles. President Trump said in
CBS Corp. is preparing to make an offer for sister media company Viacom Inc. in the coming weeks, following a meeting of CBS directors last week in which a potential deal was discussed, according to people
WASHINGTON—Mark Esper, a former defense-industry lobbyist and the current civilian head of the Army, brings a long resume as Washington insider to his new role as acting secretary of defense. Mr. Esper,
Alphabet Inc.’s Google said it would commit $1 billion to boost housing construction in the San Francisco Bay Area, the latest in a series of commitments by tech companies to address an affordability in
Scotch’s governing body is relaxing rules—centuries in the making—over how to produce the spirit, giving in to demands by distillers to make new drinks like tequila-aged scotch. To count as Scotch, the
A Middle East company owned by a friend of Carlos Ghosn is seeking $386 million in damages from Nissan Motor Co. over a distribution agreement, in further fallout from the November arrest of the Japanese
Two of Deutsche Bank AG’s top New York deal makers are poised to leave the embattled lender ahead of impending deep cuts to its Wall Street investment bank, according to people familiar with the matter.
Every ZIP Code in California’s Silicon Valley, roughly 30 miles of communities strung together on the peninsula south of San Francisco and north of San Jose, has outsize residential real-estate prices.
Investors are betting that Facebook Inc.’s efforts to create a blockchain-based payments system won’t threaten credit-card companies’ winning streak. Shares of Mastercard Inc. recovered most of their losses
WASHINGTON—A boom in employee bonuses handed out by some companies in the wake of the 2017 Republican tax cut proved to be temporary, Labor Department data released Tuesday showed. Private-sector companies’
Lumber prices continued their sharp climb in June after North America’s largest producer said it would close one mill in British Columbia and eliminate a shift at another. The announcement by West Fraser
Boris Johnson further extended his lead in the race to become Britain’s Conservative Party leader and next prime minister, as lawmakers Tuesday voted to eliminate one candidate from the competition. Mr.
The strongest of the groups within the industrial conglomerate run by Larry Culp is inking solid orders at the Paris Air Show. But under the hood are troubles with some of its main growth drivers. That
CAIRO—The election of Mohammed Morsi as Egypt’s president seven years ago marked the height of the Muslim Brotherhood’s political power in the Middle East. His death in custody at 67 comes as the Islamist
I CAN TAKE OR LEAVE a love story. It’s the relationship triangles that excite me, with their risky asymmetries and baked-in dramas. Perhaps that’s why when my editor at The Wall Street Journal asked what
WASHINGTON—Acting Defense Secretary Pat Shanahan decided not to pursue confirmation as the permanent Pentagon chief amid scrutiny of his tumultuous family relationships, officials said. Mr. Shanahan has
In recent years, residents of Seoul have co-opted the experience of wilderness camping by plopping down tents in urban parks rimmed by skyscrapers. They ditch sleeping bags for inflatable sofas, and campfires
It’s time for women to speak freely about their finances, says Moj Mahdara, an entrepreneur and chief executive of BeautyCon Media Inc. Since 2011, BeautyCon has become a key event for influencers and
Government-bond yields throughout much of Europe fell to records after European Central Bank President Mario Draghi signaled the bank could roll out fresh stimulus as soon as its next policy meeting in
Iran is trying to rally support from Russia, China and other countries to help counter a U.S. campaign that has included crippling economic sanctions and thousands of additional troops committed to the
WASHINGTON—President Trump and Chinese President Xi Jinping agreed to meet in Japan next week, lifting financial markets and spurring hopes for a trade truce that could stave off a fresh round of tariffs.