The S&P 500 has breached 3,000 for the first time — but the market for initial public offerings is certainly not celebrating. The world’s biggest stock sale of the year looks likely to price at the lower end of its price range, and a big UK listing has just been pulled. Rising markets may be making issuers greedy. Buyers of ...

Federal Reserve Chairman Jerome Powell was right in making clear during his Congressional testimony that despite the strong jobs report for June, the central bank will cut interest rates for the first time since 2008 at its monetary policy meeting. He was wrong in dismissing the need to reduce rates by half a percentage point. By lowering its target for ...

The stereotypical view that the European Union is far from the minds of most Europeans is challenged whenever a technology-related topic is on the agenda of the European Parliament. Over the 10 years that I served there, few battles for legislative outcomes were more fiercely contested. But the attendant controversies often lead to protracted processes, ambiguous laws and ineffective regulation. ...