As Iran guns down protesters at home, it’s also waging a global campaign of suppression against dissidents in the United States and other countries. Iran’s attacks on critics abroad have been brazen. In recent months, anti-regime activists have been kidnapped, murdered and harassed, according to news reports and interviews with activists. The FBI and security agencies in Europe are monitoring ...

This time a year ago, the federal funds target rate was 2.25% and Federal Reserve Chairman Jerome Powell was intent on raising it to 3% while continuing to shrink the size of the central bank’s balance sheet. The massive disruption in the credit markets that followed not only thwarted his aims and catalszed the “Powell Pivot,” but continues to dictate ...

Climate specialists have warned for years about a “carbon bubble” in which markets ignore or massively undervalue the risks to companies from climate change. Two new studies suggest, however, that financial markets have started seriously pricing carbon risk, especially since the Paris Agreement of 2015. Whatever its other effects, that agreement may thus go down in history as the beginning ...