Things only seem to get worse for India’s farmers. They’d barely recovered from two years of drought when they were hit by the government’s decision last fall to declare 86% of India’s currency illegal. They struggled through that, and the consequent crash in prices, in hopes that this year’s monsoon would be healthy. And, although forecasters insisted enough rain would ...

Citigroup Inc.’s risk takers are once again leading the charge. So far, it’s been all rewards. The bank reported second-quarter results that were better-than-expected, including revenue for the period of $17.9 billion, or nearly $450 million more than analysts were anticipating. The results are the latest in a string of good news for Citi. Just last month, it flew through ...

Our story thus far: After decades of expensive and often underperforming active fund management, the public has embraced low-cost, passive-index investing with a vengeance. The old chin-rubbing-this-company-looks-good school of stock picking has been hit with enormous asset outflows. Vanguard Group Inc. and BlackRock Inc. have captured trillions of dollars in new assets, tied to broad indexes, to the collective detriment ...