The field of weather forecasting holds a lesson that economists might do well to heed: Stop being so sure of yourself. The reputation of the economics profession suffered after the 2008 financial crisis, in large part because its practitioners were so overconfident. They have since been working to forge more realistic models of the economy, and re-examining some of their ...

Imagine if the US banned Facebook after Mark Zuckerberg’s disappointing performance last week on Capitol Hill. Something similar happened in Russia on Monday as the country’s internet censorship agency, Roskomnadzor, ordered internet providers to block access to the Telegram messenger. This being Vladimir Putin’s Russia, the ban isn’t just an attack on the freedom of communication and expression: It happens ...

Bloomberg China will impose temporary anti-dumping deposits on US sorghum imports from Wednesday, adding to trade tensions between the world’s biggest economies. Soybean meal futures climbed on concerns the oilseed could be targeted next. Imports will incur a 178.6 percent duty, China’s Ministry of Commerce said in a preliminary ruling. That’s in compliance with domestic law and World Trade Organization ...