How should we think about new and future technologies? The two main stances seem to be extreme optimism and extreme pessimism. A better approach would be careful planning and management. Optimists like to point out that technology has been the greatest force for human welfare in the history of the species. They’re right. Before the Industrial Revolution, societies like the …

Bloomberg US stocks fluctuated as a global risk-off tone pushed Treasuries and the dollar higher. The pound weakened amid renewed political pressure on UK PM Theresa May. The S&P 500 Index was mixed as consumer shares pulled the measure up from its session lows. Sovereign bonds advanced, led by British gilts. The sterling slid against all G-10 peers after a …

Reuters Saudi Arabia’s stock market rose on Monday, apparently boosted by purchases of shares by state-linked funds, while a surge in GFH Financial lifted Dubai’s bourse. Data released by the Saudi exchange showed local individual investors were net sellers of stocks by a margin of about 13 percent. That pattern appeared to continue on Monday, when the market fell as …