Business

Ajay Banga, President Biden’s pick to be president of the World Bank and broaden its ambitions to combat climate change, was approved by its executive board on Wednesday.Mr. Banga will assume the...

Banks in focus as the Fed weighs its rates move If market predictions are correct, the Fed on Wednesday will raise borrowing costs by a quarter of a percentage point, even as...

In the 30 years since the Iron Curtain came crashing down, trillions of dollars that had been dedicated to Cold War armies and weapons systems were gradually diverted to health care, housing...

Ford Motor reported a solid profit in the first quarter, although the automaker indicated that its turnaround was not complete and that it had a ways to go before it starts making...

Vice, the brash digital-media disrupter that charmed giants like Disney and Fox into investing before a stunning crash-landing, is preparing to file for bankruptcy, according to two people with knowledge of its...

Wall Street is still on edge After JPMorgan Chase secured a deal to buy the embattled First Republic, the banking giant’s chief, Jamie Dimon, asserted that the market turmoil set off by...

Hollywood’s 15 years of labor peace shattered Monday night, as movie and television writers said they would go on strike, bringing many productions to a halt and dealing a blow to an industry...

Lawmakers and regulators have spent years erecting laws and rules meant to limit the power and size of the largest U.S. banks. But those efforts were cast aside in a frantic late-night...

The failure of First Republic Bank over the weekend barely dented financial markets on Monday, as investors shrugged off the latest bank failure to focus instead on corporate profits and the next...

There isn’t a front desk or even a lobby at the Prince of Wales Guesthouse, a trio of rustic buildings beside a 350-year-old village in Zalán Valley in Transylvania. Check-ins are handled...