US economic data releases this week fell short of consensus expectations and markets have been lowering their expectations of a Federal Reserve hike. That means there will be even more attention on the employment report for July, which will be released Friday. What is most needed—for Main Street, for Wall Street and for an orderly normalization of Fed policy—is a …

Britain and France announced last month the death of the internal combustion engine, both scheduling it for 2040. Their ban on gas- and diesel-powered cars may only accelerate a process already well on its way, but it will help reduce the future effects of climate change and pollution now. The trend towards electric vehicles is coming from both government and …

Oil producers who for years tracked top OPEC member Saudi Arabia to help set the price of their crude could now be looking to go solo. With $100 oil a distant memory and US crude eating into their share of prized markets, they are seeking new ways to assess if their supply may be worth more—a prospect that’ll help prop …