The Chinese government is cracking down on big private corporations and reining in their power. WSJ's Lingling Wei shares her analysis which suggests this recent development is coming from China's President Xi Jinping's personal ideological shift from capitalism towards a Mao-style socialism.

Last week, the U.S. announced a new multibillion-dollar deal to supply nuclear submarines to Australia. There was just one problem: Australia had already inked a submarine deal with France. WSJ's Matthew Dalton explains the sub snub and what it means for U.S.-France relations.

A growing number of retailers are offering customers the ability to buy a product and pay for it later in installments. WSJ's AnnaMaria Andriotis explains why the approach has become so popular and whether it's likely to stick around.