Big ideas are in the air. After a few years of fighting over a few percentage points in the top marginal tax rate, some leaders are starting to discuss sweeping changes in economic policy. One of these is the universal basic income, the idea of giving every adult citizen a yearly stipend. A second is the job guarantee, in which ...

Global banks are rushing to plant their flags in China. That doesn’t guarantee they’ll be winners. Last week, JPMorgan Chase & Co. lodged an application to take a majority stake in a securities company, having exited a venture where it was a junior partner. The Wall Street firm follows UBS Group AG and Nomura Holdings Inc., which were the first ...

Fujifilm Holdings Corp. should see the big picture. The Japanese company may have lost face in being beaten by activists, but the collapse of its $6.1 billion takeover of Xerox Corp. is a relief. Management can now go back to focusing on growth, rather than fighting the likes of Carl Icahn and Darwin Deason. The attempt to double down on ...