Opinion: The record $1 trillion trade deficit doesn’t even count hundreds of millions of small packages mailed directly from China

It looks like the United States just set a record in 2021—and not a good one. When complete December data comes out on Feb. 8, it will mark the first time the nation ever racked up an annual goods trade deficit exceeding $1 trillion. That’s a staggering sum, and it represents a massive, ongoing shift … Read more

Europe Brings a Lawsuit to a Trade Fight

by Editorial Board Nearby Editorial Board January. 28, 2022 6:44 PM ET European Union Trade Commissioner Valdis Dombrovskis speaks during a press conference in Brussels, on December 7, 2021. Photo: Olivier Matisse/The Associated Press Sometimes we wonder what Europe’s leaders think they live in. On Thursday, the European Union responded to China’s trade offensive against … Read more

Microsoft stock turns green after strong sales forecast, reversing a post-earnings decline

Microsoft Corp sales topped $50 billion for the first time in the holiday quarter of 2021, and a stock slump turned around in late trading Tuesday after the software giant forecast stronger revenue in the current quarter than analysts had expected. Microsoft MSFT, -2.66% It reported fiscal second-quarter earnings of $18.8 billion, or $2.48 a … Read more

Asian markets mixed in slow trading ahead of Fed meeting

TOKYO – Asian stocks were mixed in silent trading on Wednesday as many investors remained on the sidelines ahead of the US Federal Reserve meeting that will signal how aggressively it will fight inflation. Japan’s Nikkei 225 NIK Index, -0.35% It fell 0.4% in morning trading, while South Korea’s Kospi Index fell 180,721, -0.38% It … Read more

Global Markets Drop After Choppy Trading in U.S.

Global stock indices and futures fell on the major indexes, suggesting that US markets could come under fresh pressure on Tuesday after starting the week with a lively trading session. Market volatility has rebounded in recent sessions, as investors become concerned about how quickly the Federal Reserve will act to combat inflation by raising interest … Read more

Why the Stock Market Dropped—and Why It Finished Higher

Now that’s a stock market turnaround. Fears of tighter monetary policy from the Federal Reserve, a military conflict in Russia, and simply being on the wrong side of the trade, had stoked panic in the stock market early Monday. Then, investors bought the dip. The S&P 500 rose 0.3% after falling nearly 4% at one … Read more

Youngkin Trades ‘Equity’ for ‘Opportunity’

by Editorial Board Nearby Editorial Board January. 23, 2022 5:14 PM ET Virginia Governor Glenn Youngkin speaks to reporters during a brief news conference after visiting the Alleghany/Roanoke community testing site at Valley View Mall in Roanoke, Virginia, Jan. Photo: Scott b. Yeats/Associated Press New Governor Glenn Youngkin got off to a fast start in … Read more

Netflix stands to shed nearly $45 billion in market cap after ‘borderline catastrophic’ forecast

Netflix brought in more than 8 million new subscribers in the quarter, but executives predicted that growth would suffer more than expected at the start of 2022, sending shares tumbling in after-hours trading. Netflix NFLX, -1.48% Thursday announced 8.3 million new paid subscribers in the fourth quarter, beating its forecast of 8.5 million but nearly … Read more