Is it a waste of money to spend the billions of euros that will be needed to rebuild Notre-Dame de Paris? A lot of people seem to consider the whole thing no more than a “vanity project” for the uber-rich. I disagree. One reason is that I’m not so keen on telling other people how to spend their money. Another ...

Kraft Heinz Co.’s problems stem not from a single manager but rather an ethos brought to the company by its private equity owner, 3G Capital, and championed by billionaire Warren Buffett. And so it remains to be seen whether replacing the packaged-food giant’s CEO is enough to right the ship. Kraft Heinz announced on Monday that Bernardo Hees, 49, will ...

Almost 10 years after the Great Recession ended, the growing threat of a new economic slowdown raises a troubling question: When the next recession strikes, what can the world’s central banks do? With interest rates low and their balance sheets still loaded with assets bought to fight the 2008 crisis, do they have the tools to respond? This column is ...