India’s finance industry is letting a good crisis go to waste by not learning from it. The sudden $12.8 billion bankruptcy of infrastructure lender IL&FS Group, currently sequestered under a government-blessed, out-of-court process, underscores India’s lack of preparedness to handle a big shift in lending in recent years — away from banks. Before I illustrate that challenge with a little ...

Watch out: Jack Ma’s Singles Day is going to make Black Friday a lot less alluring. There’s trepidation in the air this holiday season. In just a few brutal trading days, the whipsawing US stock market wiped out its entire 2018 gain. Meanwhile, the US economy is heading for a 10th year of expansion, by far the longest in history. ...

Occam’s razor is a principle that says when something happens that can be explained in multiple ways, the simplest explanation is usually the right one. The same is true of solutions: the simplest, most straightforward solution is usually the best way to solve a problem. In the US, social media giant Facebook Inc. has become a problem. It makes its ...