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U.S. Stocks Rebound as Investors Await Trade Resolution
Major U.S. stock indexes rose after President Trump further signaled U.S. and Chinese officials could still strike a trade deal, alleviating some of the pressure that pummeled stocks in recent sessions. The Dow industrials climbed more than 300 points.
U.S. Tariffs Knock Chinese Yuan
Escalating trade tensions have pounded the yuan, reviving questions about China’s willingness to use its currency as a tool of trade policy.
FAA Didn’t Treat Suspect 737 MAX Flight-Control System as Critical Risk
An FAA review determined that its engineers deferred to Boeing’s early safety classification of its 737 MAX flight-control system, with limited oversight. 13
Disney to Assume Full Operational Control of Hulu in Comcast Deal
Disney and Comcast have struck a wide-ranging deal that turns operational control of Hulu over to Disney and gives Comcast the option to sell Disney its stake in the streaming-video service.
John Brady, a former inmate, has had ups and downs since he was hired by Progressive Coating.
‘I Don’t Want to See Him Fail’: A Firm Takes a Chance on Ex-Inmates
Progressive Coating of Chicago, struggling to find good employees in a tight labor market, is turning to people with criminal records. Keeping them on the job sometimes presents heart-rending dilemmas. The boss asks, how many chances are too many? 7
Uber, Lyft Get Creative, but Investors Aren’t Blind to Losses
Uber, Lyft and other big startups have touted their new business models that disrupt old industries but lose historic amounts of money. To try to win over investors, they have also come up with unusual alternatives for measuring their performance. So far, investors aren’t buying it. 35
Iran Accuses U.S. of Framing it for Tanker Sabotage
Iran accused officials in the Trump administration and its Middle East allies of attempting to frame it for an attack on oil tankers near a strategic Persian Gulf waterway.
Democrats Hint at Subpoenas Over Health Law Documents
House Democratic leaders are raising the prospect they could issue subpoenas after the White House failed to produce documents concerning its legal position against the Affordable Care Act. 28
Democrat Presses Treasury Secretary on Trump Tax Returns
The top Democrat on the Senate Finance Committee pressed Treasury Secretary Steven Mnuchin to explain how he reached his decision to not turn over President Trump’s tax returns.
Payday Lenders Mobilize in Support of Rule’s Repeal
Allied Progress, a consumer group, says payday lenders have organized thousands of customers who have sent in duplicate comments in support of a rollback of Obama administration rules. 32
Bayer Shares Fall on Roundup Verdict
Bayer shares resumed their monthslong fall after the chemical and drug giant was hit by a more-than $2 billion jury award over its Roundup herbicide.
U.S. Import Prices Climb More Slowly Than Expected
Prices of foreign-made goods imported to the U.S. rose in April at their slowest pace in three months, a sign that a strong dollar may be contributing to low U.S. inflation.
Bankers Find New Reasons to Keep Lending to SoftBank
Bankers also say they are eager to lend because changes in SoftBank’s corporate structure mean banks and credit-rating firms can view it as an investment holding company rather than as a mobile-phone operator.
Foxconn Profit Falls as iPhone Sales Flag
Foxconn’s profit fell nearly 18% in the first quarter after its biggest customer, Apple, reported an accelerated decline in sales of the iPhone.
Nissan Plans to Retrench in Post-Ghosn Era
Nissan CEO Hiroto Saikawa laid out his vision for the company without Carlos Ghosn, its ousted former chairman, including a grim outlook for the current year as U.S. sales plummet.
Ralph Lauren’s Profit Shrinks as North American Sales Decline
Ralph Lauren’s profit and sales fell in the most recent quarter, dragged down by declines in North America and a higher tax expense.
Bel-Air Gun Raid Suspect May Face Federal Charges
A man arrested with more than 1,000 guns inside the Bel-Air mansion where he lived may face federal charges for selling firearms without a license, according to law-enforcement officials.
Montana Gov. Steve Bullock Enters 2020 Democratic Race
Steve Bullock, the governor of Montana, entered the crowded Democratic presidential contest with a strong emphasis on his record running a red state.
Meteorologists Worry 5G Expansion Could Interfere With Forecasts
The Trump Administration’s swift-moving plan to promote 5G networks is running into resistance from the weather-forecasting community.
San Francisco Poised to Ban Facial-Recognition Surveillance
San Francisco’s Board of Supervisors is expected to pass a ban on the use of facial recognition by local agencies, adding to a broad push to regulate to the technology. 13
Property Report
Equinox Gyms to Add Co-Working to the Workout
Equinox is teaming with co-working operator Industrious to offer furnished office space near the fitness company’s upscale gyms, the latest sign that the office, fitness and hospitality industries are starting to converge.
World
North Korea Demands Return of Seized Ship
North Korea demanded the return of a ship that the U.S. seized for allegedly violating sanctions and accused the U.S. of breaching the “underlying spirit” of the countries’ pledge to forge new ties.
Star Graduate of France’s Elite School Wants to Close It
President Emmanuel Macron wants to shut the École Nationale d’Administration, an institution that has become a symbol of France’s close-knit elite and persistent class divide, as part of an overhaul of the country’s education system.
Video
Why the Agency that Regulates Boeing Is Under Scrutiny
8:58
How to Set Up Your Desk Ergonomically
3:22
What Big Tech Is (And Isn't) Doing to Fight Antivaccine Misinformation
7:31PAID PROGRAM
Photos
12 Quirky Pieces for the Home
When your living room needs a talking point: 12 new unusual objects that will make your abode stand out, from a gravity-defying teapot to a playful modern tapestry
CIO
The Morning Download: Etsy Crafts Machine-Learning Solution With Google Cloud
Powering the self-described online marketplace for all things 'handcrafted, vintage, custom or unique' is machine-learning technology from a big tech vendor.
CFO
The Morning Ledger: How Automation Is Changing the Workplace at Duke Energy
Duke Energy's CFO is guiding the company through adoptions of automated digital processes, Walmart expands its next-day delivery options and Volkswagen plans to press ahead with its Traton truck unit.
Mansion Global
Independent of The Wall Street Journal newsroom.
American Intelligence Needs Reform After Spygate
By Thomas J. Baker | Commentary
Bernie and AOC Are a Credit Risk
By The Editorial Board | Review & Outlook
What ‘America First’ Means to Pompeo
By Walter Russell Mead | Global View
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Journal Reports
Nike’s Strategy to Get a Lot More Personal With Its Customers
The company is also using its apps to create a different kind of shopping experience. 11