Opinion

Let’s not mince words: Eight months after Snapchat went public, the company is a disaster. Parent company Snap Inc. turned in its third earnings report as a public company, and for the third time its shares tanked when both revenue and user growth were disappointing. Snapchat also disclosed it would change the fundamental character of its app—the sole significant revenue …

An ice-blue 14-story office tower called Ducat Place III is the building that President Trump might have constructed here. But like so many other Trump adventures in Russia, this one proved a tantalizing but futile dead end. Trump is angrily dismissive when questions are raised about his Russian contacts. He calls the investigation by special counsel Robert S. Mueller III …

In Southeast Asia, mobile banking is taking on a whole new meaning. Last week, Grab, one of the region’s top ride-hailing companies, announced that users of its app can start sending credits—used to pay for rides—to each other. By the end of the year, they’ll be able to use those credits at more than 1,000 restaurants and retailers. If all …

Few doubt that the British economy will be severely hurt if the UK leaves the European Union without a new agreement on trade and regulation. But there are risks for the EU, too. One that’s received too little attention concerns bank resolution. A cliff-edge Brexit could make it much harder for EU authorities to impose losses on investors in the …

French President Emmanuel Macron has accomplished more in six months than his predecessor managed in five years. Trouble is, that’s a low bar — and Macron will need to keep pushing if France’s economy is to achieve its full potential. Macron’s first phase of reforms addressed the country’s 3,000-plus pages of labor rules. The changes are aimed at lightening the …

“Supply” is a dirty word in economic policy discussions. That needs to change. Over the past few decades, the word “supply” has come to be associated with pro-market, anti-government policy. That has earned it the scorn of many among the growing number of intellectuals, activists and policymakers who worry about rising inequality and other economic ills that laissez-faire thinkers overlook. …

What’s Kobe Steel Ltd. waiting for? Executives at the Japanese metal manufacturer accused of falsifying safety data will decide whether to resign only after an independent investigation wraps up at year-end, according to a Reuters report on Monday, citing people familiar with the situation. Come on, now. If you have to ask, you probably already know the answer. And if …

Whoa, what’s in the water lately? Walt Disney Co. is said to have held talks to buy the majority of 21st Century Fox Inc. The negotiations are currently dead, but to give a sense of how big this partial acquisition could have been, Fox in its entirety has a market value of $50 billion. The size is probably less jarring …

It will be Powell’s Fed. Assuming he’s confirmed by the Senate, Jerome (‘Jay’) Powell will become the 16th chairman of the Federal Reserve Board in early 2018. Almost by definition, he instantly becomes the most important economic policy-maker in the world. But who is he? Outside economic circles, hardly anyone knows. So let’s catch up. Powell would be the first …

Forget the lending book. Dismiss the wealth-management aspirations. It’s DBS Group Holdings Ltd.’s embrace of technology that could be the next big driver of shareholder returns at Southeast Asia’s biggest lender. DBS’s announcement that it now has the world’s largest application programming interface platform for banking, with users including McDonald Corp., may appear at first like marketing gimmickry. Being able …