The incredible first-day action in the stock prices of recent technology IPOs — particularly DoorDash Inc and Airbnb last week — has reignited a debate that goes back to the dot-com era over whether the process is broken. Critics are blaming bankers for vastly mispricing the offerings, resulting in companies’ missing out on money they could have pocketed at a ...

The world needs China more than ever. Thank goodness it’s showing up: Economic data released on Tuesday all looked strong and in line with forecasts. The upbeat projections for a strong global rebound in 2021 depend on Beijing maintaining this momentum. Most of the traffic from other consequential economies is going the wrong way, owing to restrictions aimed at suppressing ...

Last week the attorneys general of 18 states and 126 members of the US House of Representatives — all Republicans — signed on to a lawsuit aimed at disenfranchising millions of voters and overturning the result of a not-all-that-close presidential election. Though the Supreme Court quickly rejected the attempt, it was understandably greeted as another sad landmark in the political ...