The Wall Street Journal: Ex-cricket star Imran Khan appears headed to election victory in Pakistan

The Wall Street Journal: Ex-cricket star Imran Khan appears headed to election victory in Pakistan
Preliminary voting results in Pakistan showed the party of former cricket star Imran Khan was poised late Wednesday to come into power for the first time, upending the political landscape in the fragile democracy. Khan’s Pakistan Tehreek-e-Insaf was performing far better than predicted by pre-election polls, which showed the party marginally in front of the party of former Prime Minister... Read More

The Wall Street Journal: Japan, Germany pledge to ‘set boundaries’ against Trump’s trade policies

The Wall Street Journal: Japan, Germany pledge to ‘set boundaries’ against Trump’s trade policies
TOKYO — Japan and Germany said Wednesday they would step up their alliance to promote free trade and the Paris climate agreement, in a shot at the agenda pursued by the U.S. under President Donald Trump. “We must set boundaries against the methods of Trump,” tweeted German Foreign Minister Heiko Maas, who used his first visit to Japan to advocate... Read More

The Wall Street Journal: Trump’s House allies file resolution to impeach Rod Rosenstein

The Wall Street Journal: Trump’s House allies file resolution to impeach Rod Rosenstein
House conservatives Wednesday night took the first step toward removing Deputy Attorney General Rod Rosenstein from office, marking a dramatic escalation in a dispute over lawmakers’ requests for information about the government’s most politically charged probes. Reps. Mark Meadows, R-N.C., and Jim Jordan, R-Ohio, along with nine co-sponsors, filed articles of impeachment against Rosenstein in the House. The move comes... Read More

Earnings Results: Facebook stock drops more than 20% after warning that revenue growth will take a hit

Earnings Results: Facebook stock drops more than 20% after warning that revenue growth will take a hit
Facebook Inc. is evidently not bulletproof. The social-media behemoth’s stock lost roughly one-fifth of its value in the extended session Wednesday after its earnings report missed expectations on revenue and showed slowing user growth. Weak guidance also rattled investors. Facebook FB, +1.32%  stock dropped about 7% immediately after the earnings report was released, then plummeted to a loss of more... Read More

Earnings Results: PayPal falls after Q3 outlook miss, but COO says investors ‘misunderstanding’ the forecast

Earnings Results: PayPal falls after Q3 outlook miss, but COO says investors ‘misunderstanding’ the forecast
PayPal Holdings Inc. shares were down more than 5% in after-hours trading Wednesday, after the company reported better-than-expected results but delivered a third-quarter outlook that fell short of the consensus view. Chief Operating Officer Bill Ready told MarketWatch that the stock drop after the results hit seemed to be “some misunderstanding around the quarterization” of PayPal’s outlook. While the company’s... Read More

MarketWatch First Take: Facebook pays for all its mistakes at once, and it is a big bill

MarketWatch First Take: Facebook pays for all its mistakes at once, and it is a big bill
Facebook Inc. appears to finally be paying for the impact of fake news in the 2016 elections and user privacy concerns, with the stunning disclosure of a revenue deceleration in the second half of this year sending shares on a mind-blowing plunge Wednesday afternoon. During a conference call Wednesday, Facebook FB, +1.32%  Chief Financial Officer David Wehner predicted bad news... Read More

‘Trump 2020’ campaign banners are being proudly produced in . . . China?

‘Trump 2020’ campaign banners are being proudly produced in . . . China?
Manufacturers are already hard at work churning out banners for President Donald Trump’s 2020 re-election campaign — in China. According to a Reuters report Wednesday, China’s Jiahao Flag Co. has produced more than 90,000 “Trump 2020: Keep America Great!” banners and flags since March, and the factory has ramped up production before Trump’s threatened tariffs against all Chinese-made goods kick... Read More