What’s wrong with a 50 basis-point interest-rate cut? I’m all for central banks doing their utmost to support high, durable and inclusive growth. But this doesn’t mean throwing everything at the wall when the economy is doing relatively well, financial markets are buoyant, and policy ammunition is limited. Growing pressure on the Federal Reserve to cut interest rates by 50 ...

Debt is the crux of the matter. If you want to understand what makes the world vulnerable to a global recession or, possibly, something much worse, you’ve got to come to grips with the worldwide debt buildup. It’s not the only candidate for calamity, but it ranks first among the possibilities. At the end of March, worldwide debt totalled $246.5 ...

Volkswagen AG announced that 2019 would be the last model year the Golf SportWagen and Alltrack, the automaker’s station wagons, will be produced for the US. The German company has sold wagons in the US since 1966, starting with the Type 3 “Squareback” model. “Customers are speaking clearly about their preferences — it’s an SUV world now,” the company said ...