Corporate tax cuts were basically the last hope for supply-side economics. This economic doctrine, which became popular in the 1980s, holds that taxes distort the economy a great deal, and that cutting taxes therefore produces big gains in growth. Those gains are assumed to eventually result in higher wages for workers, leading some to derisively label the idea as trickle-down ...

The market for initial public offerings (IPO) had been giving off warning signals long before this week’s rout in global stocks. The two are connected — and the human investors had a lead over the robot traders. London saw two big IPO disappointments which happened to be divisive stocks with strong bear cases. Online lender Funding Circle Holdings Plc, down ...

Indian retail investors won’t easily forgive their fund managers, nor will they quickly forget this wealth destruction. Out of 416 open-ended, onshore equity funds, 401 have lost money this year. Tech funds, the only ones to have performed decently, have been helped by Asia’s worst-performing currency of 2018. And that’s only because Indian software exporters earn revenues in a strong ...