The death of the last Soviet leader Mikhail Gorbachev naturally elicited an outpouring of praise from Western leaders for his role in ending the Cold War. If Gorbachev helped bring freedom to most of the former Soviet bloc, however, the revolution he led arguably led to the opposite outcome in China. Without Gorbachev’s example, the Chinese regime might not ...

When UBS Group AG ditched its biggest acquisition in more than two decades with no explanation, investors and everyone else were left to guess what happened. Wall Street analysts have presumed that $1.4 billion is now just too much to pay for Wealthfront, a US digital investment adviser that won’t make profits for years. Vertigo-inducing fintech valuations have returned rapidly ...

  Apparently unhappy with the current pace of business migration out of their state, California’s legislators have come up with a good way to accelerate it. They voted recently to create a council of political appointees to set wages in the fast-food industry. The so-called FAST Recovery Act awaits Governor Gavin Newsom’s signature. He can’t squash this ill-conceived initiative quickly ...