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The Wall Street Journal - Breaking News, Business, Financial & Economic News, World News and Video Dow Jones, a News Corp company News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services Dow Jones Barron’s BigCharts DJX Dow Jones Newswires Factiva Financial News Mansion Global MarketWatch NewsPlus Private Markets Risk & Compliance WSJ Conference WSJ Pro WSJ Video WSJ.com News Corp Big Decisions Business Spectator Checkout51 Harper Collins Housing Knewz.com Makaan New York Post News America Marketing PropTiger REA realtor.com Storyful The Australian The Sun The Times Subscribe Sign In The Wall Street Journal English Edition English 中文 (Chinese) 日本語 (Japanese) January 29, 2020 Print Edition Video Home World Regions Africa Asia Canada China Europe Latin America Middle East Sections Economy More World Video U.S. Sections Economy Law New York Politics Columns & Blogs Real Time Economics Washington Wire More Journal Report U.S. Video What’s News Podcast Politics Blogs Campaign Wire More Politics Video WSJ/NBC News Poll Economy Blogs Real Time Economics WSJ Pro Bankruptcy Central Banking Private Equity Venture Capital More Economic Forecasting Survey Economy Video Business Sections Management Tech/WSJ.D The Future of Everything Industries Aerospace & Defense Autos & Transportation Commercial Real Estate Consumer Products Energy Entrepreneurship Financial Services Food & Services Health Care Hospitality Law Manufacturing Media & Marketing Natural Resources Retail C-Suite CFO Journal CIO Journal CMO Today Logistics Report Risk & Compliance Columns Heard on the Street WSJ Pro Artificial Intelligence Bankruptcy Central Banking Private Equity Cybersecurity Venture Capital More Business Video Journal Report Business Podcast Tech Sections CIO Journal The Future of Everything Columns & Blogs Christopher Mims Joanna Stern Julie Jargon More Billion Dollar Startup Club Tech Video Tech Podcast Startup Stock Tracker Markets Sections Bonds Commercial Real Estate Commodities & Futures Stocks Your Money Columns & Blogs Heard on the Street MoneyBeat Wealth Adviser Market Data Market Data Home U.S. Stocks Currencies Commodities Bonds & Rates Mutual Funds & ETFs More CFO Journal Journal Report Markets Video Your Money Briefing Podcast Secrets of Wealthy Women Podcast Search Quotes and Companies Opinion Columnists Sadanand Dhume James Freeman William A. 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Magazine Sections Fashion Art & Design Travel Food Culture Search Search → Facebook Reports Revenue Growth, Rising Expenses The social-media giant reported a growing base of users and increasing quarterly revenue, capping a year of reliable strength in its core advertising business even as expenses climbed. 13 Heard on the Street: Facebook Misses Some Social Cues Tesla Posts Fourth-Quarter Profit on Record Deliveries The electric-car maker exceeded Wall Street estimates for profit and revenue as the company’s output picks up speed. 29 Businesses Suspend Chinese Operations Amid Coronavirus Fears Global businesses operating in China are closing stores, scaling back operations and restricting travel as the Chinese government races to control the coronavirus that has now infected more people than severe acute respiratory syndrome, or SARS, nearly two decades ago. 6 Coronavirus Cases Grow as Airlines Suspend Flights to China An American Mother’s Desperate Attempt to Get Out of Wuhan With Her Daughter Fed Holds Benchmark Rate Steady All 10 members of the Fed’s rate-setting committee voted to hold the fed-funds rate in a range between 1.5% and 1.75% and reaffirmed the Fed’s make-no-moves posture. 11 2 minutes ago Live Coverage Impeachment Trial Enters New Phase With Senate Q&A The deep partisan divide over the allegations against President Trump was on full display, as senators got their first chance to ask questions. Trump lawyer Alan Dershowitz argued that a quid pro quo can’t be corrupt if a political motivation is in the public interest. Senators Press on Trump Motivations White House Says John Bolton’s Manuscript Can’t Be Published As Is Collins’s Approach Could Help Alter Trial Where Things Stand and What’s Next Boeing Posts Full-Year Loss Amid 737 MAX Setbacks Costs from the 737 MAX crisis sent the aerospace giant to its worst financial performance in two decades, although its shares rose in Wednesday trading. 100 Heard on the Street: A Horrible 2019 Isn’t the End to Boeing’s Troubles WSJ News Exclusive Billionaire Behind Victoria’s Secret in Talks to Step Down, Sell Stake Leslie Wexner is in talks to step aside as chief executive of his retail empire and is exploring a full or partial sale of the lingerie brand. 77 Three Continents and Hours and Hours of Charging: The Electric-Vehicle Road Test The Middle Seat A Backlash Brews Against Phantom Hotel Fees Eat Your Greens: This Recipe for Saag Keeps It Snappy A Private Island Escape in South Carolina Obituary George H. Walker III Emerged, Belatedly, From Father’s Shadow Capital Account No, Banks Don’t Hold the Key to Climate Change The A-Hed Mexico’s President Wants to Raffle Off the Presidential Jet More Top News Microsoft Posts Record Sales as Cloud Business Continues to Grow Microsoft’s intelligent cloud unit, which includes its Azure cloud services, had sales of $11.87 billion, up 27% from the year-ago period. 5 18 minutes ago Lung-Cancer Screening Saves Heavy Smokers’ Lives, Study Finds The results bolster the case for more widespread screening of heavy smokers who are at higher risk of lung cancer, researchers say. 1 Arab Leaders’ Support for Mideast Peace Plan Marks a Regional Shift Officials in Arab capitals have been frustrated by Palestinian leaders’ reluctance to compromise, which has prevented them from strengthening ties with Israel. 2 minutes ago Ex-Pharma CEO Asks Judge to Drop Criminal Opioid Charge Lawyers for Laurence Doud III, who once led Rochester Drug Cooperative Inc., said prosecutors were improperly using a law that wasn’t intended for company chiefs. USMCA: The Deal’s Been Signed, but the Debate Continues President Trump signed legislation to implement the U.S.-Mexico-Canada Agreement, or USMCA, fulfilling a key campaign promise to renegotiate North America’s economic infrastructure. 44 Business & Finance GE Finds Its Footing and Posts Strong Cash Flow General Electric reported strong cash flow from industrial operations in the fourth quarter and gave an upbeat 2020 outlook, as the conglomerate reversed losses in its power business and its aviation unit continued to support the rest of the company. Buffett Is Giving Up on Newspapers Warren Buffett’s Berkshire Hathaway is selling its newspapers to publisher Lee Enterprises for $140 million, a rare admission by the billionaire investor that he views his newspaper business as unsustainable. 11 The Problems at Local Newspapers Goldman Sachs Opens Up to Its Critics, Hoping to Convert Them Goldman Sachs Group set higher financial targets in an effort to turn a skeptical shareholder base into believers in Chief Executive David Solomon’s turnaround plan. 13 Politics In Iowa, Biden Tries...