“Enlightened statesmen,” wrote James Madison, “will not always be at the helm.” His genius extended to understatement, and until Tuesday it was approaching probable that by midnight of November’s first Tuesday, sensible Americans would be elated and distraught — elated because someone grotesquely unsuited to the presidency would have been denied that office, but distraught because such a person had ...

It was December 2017 and Apple Inc’s recently released iPhone X was delighting a small cohort of owners with its upgraded technology and blazing performance. At the same time, a different cohort of iPhone owners was dismayed by the slowing performance of their older models. The culprit, it turned out, was Apple: It had sent a software update that slowed ...

In ordinary times, February’s US jobs data would have been labeled as nothing short of a blowout. Treasury yields would have climbed, with the expectation that the Federal Reserve would leave interest rates alone and let the labor market run hot, reviving dormant inflation. Needless to say, these are far from normal times. US payrolls surged by 273,000 in February, ...