Last week, the UK government asked German business leaders for help in securing a good deal with the European Union on financial services. The request deserves to be taken seriously. Europe’s businesses have much to gain from keeping London as a thriving financial center. The City is by far the most significant financial hub in Europe. In 2016, the UK ...

If Facebook Chief Executive Officer Mark Zuckerberg is sincere in a recent post about gradually taking the media element out of “social media,” he’s striking a powerful blow for tech self-regulation, as well as preparing to pay a heavy price for the evolution of his vision. But getting the genie back into the bottle may be too difficult even for ...

Current debates about stock valuations resemble the arcane meditations of medieval monks. But the real drivers are more mundane. Traders, weaned on tales of financial derring-do like ‘The Big Short,’ want to be the ones who profit from the next crash. The problem is that it may be easier to predict the crash than to profit from it. To make ...