When most people think of wealth in the modern economy, they tend to think of stocks and bonds. The word ‘capital’ is often synonymous with corporate ownership. Land wealth, meanwhile, is often relegated to a footnote. Yes, people own houses, but vast fortunes are made in the stock market, while the fates of nations rise and fall with the bond ...

Facebook Inc. had countless conflagrations in 2017, but financially it was on fire in a good way. Revenue climbed 47 percent through the first nine months of 2017. It generated a remarkable 46 cents of operating profit for each dollar of revenue, and its stock price shot up more than 50 percent. Facebook is the internet’s best combination of quickly ...

One of the worries about large tax cuts for corporations is that stock-market investors will benefit more than working-class wages. There is a growing concern that much of savings will be used for dividends or share repurchases, which would potentially boost returns for those invested in stock market. This is likely to accelerate US inequality because wealthy are now by ...