By nearly any measure, Facebook Inc. is an extraordinary success. Its market capitalization exceeds $500 billion. Its user base outnumbers all but one continent. Mark Zuckerberg, its chief executive officer, is one of the world’s wealthiest people. No one should begrudge Facebook (or Zuckerberg) this success. Yet as it begins to play a more central role in American media and ...

For most Indians, the festival of Diwali is well worth the wait. Houses are brightly lit, boxes of sweets are exchanged—and accounts for the year are closed. The Hindu festival of lights also heralds the beginning of winter, the few months when the baked northern plains of the subcontinent become marginally more liveable. Except in India’s giant capital. Here in ...

President Donald Trump is about to select a new Federal Reserve chair. Whether it’s Jerome Powell, Kevin Warsh, or even current head Janet Yellen, the choice will mark a shift in Trump’s tenure leading the world’s biggest economy. That’s because the president, who railed against Yellen during his 2016 campaign, will now be assuming ownership of this credit cycle and ...