After a Long Surge, Investors Make the Case Against Chinese Tech Giants

The unthinkable has happened: Not everyone is overly bullish on big Chinese internet and tech stocks anymore. Two investor presentations at this week’s Sohn Investment Conference in Hong Kong painted mixed pictures of the sector. One recommended a hedged options trade on Tencent Holdings Ltd., which would profit from a big selloff. Another pitched shorting—or…

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‘Roseanne’ Controversy Reveals Limits of Star Power in Hollywood

Updated May 31, 2018 1:42 a.m. ET With “Roseanne,” Walt Disney Co.’s ABC took a risk by reviving not just a 20-year-old show, but a business model it had largely abandoned, in which a television or film series is inextricably linked to a single celebrity. On Tuesday, that business model blew up. Roseanne Barr’s racist…

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Warren Buffett Offered Uber a $3 Billion Investment, But Talks Fell Apart

Warren Buffett earlier this year offered to invest $3 billion in Uber Technologies Inc., but the two sides couldn’t agree on the terms, according to a person familiar with the matter. The talks between Mr. Buffett’s Berkshire Hathaway Inc. and Uber, reported earlier by Bloomberg News, came on the heels of a multibillion investment in the…

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U.S. Plans to Hit EU With Steel, Aluminum Tariffs

WASHINGTON—The Trump administration, unable to win concessions from European Union counterparts ahead of a Friday deadline, is planning to make good on its threat to impose tariffs on European steel and aluminum, people familiar with the matter said. The administration is expected to make an announcement as early as Thursday. The move, which…

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Fed Floats Changes to Volcker Rule on Big Bank Trading Restrictions

WASHINGTON—The Federal Reserve proposed on Wednesday easing a rule designed to curb risky trading in the wake of the financial crisis, one of the most significant deregulatory measures for banks since President Donald Trump took office. The proposal, unanimously advanced by the Federal Reserve and known as Volcker 2.0, means JPMorgan Chase & Co., Goldman…

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‘Tropical Messiah’: A Trump-Style Politician Is Mexican Presidential Front Runner

MEXICO CITY—In 2006, Andrés Manuel López Obrador lost his first presidential race by a hair. He refused to concede, and in a surreal ceremony donned a presidential sash and declared himself Mexico’s legitimate president. Earlier, in a fiery speech in the capital’s historic square, he cursed Mexico’s governing institutions. “Although my opponents may not like…

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How Trump’s Pressure Influenced the NFL to Change Its Anthem Rules

President Donald Trump didn’t mince words last fall when he explained to Dallas Cowboys owner Jerry Jones that he wouldn’t relent in his criticism of NFL players who were kneeling during the national anthem to protest social injustice. “This is a very winning, strong issue for me,” Mr. Trump said in a phone call, according…

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Toyota’s Trump Problem: Its Best-Selling Vehicle in the U.S. Isn’t ‘Made in America’

TOKYO—Toyota Motor Corp. said Wednesday that its shipments from Japan to the U.S. rose 22% in April, highlighting the problem it faces if the Trump administration makes good on threats to impose higher tariffs on imports. The problem is crystallized in one model: the RAV4 sport-utility vehicle. It is the most popular Toyota among American…

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