As one of the 21st Century’s most powerful data brokers, Facebook is best known for its role in sucking up the personal information of billions of users for its advertising clients. That lucrative model has led to ever-heightening risks — Facebook recently shared private messages between a Nebraska mother and her teenage daughter with police investigating the girl’s at-home abortion. ...

  China’s faltering economy requires a lifeline from the central bank, regardless of admonitions that inflation is creeping higher and needs to be contained. With growth struggling and demand for credit cratering, the People’s Bank of China (PBOC) has made clear that it’s the recovery first. Price increases might be worrying, but are a second order problem — for now. ...

  Over the last 18 months or so, the quick and easy interpretation of inflation data has turned out to be incorrect. Will it be different going forward? Markets sure hope so. Federal Reserve officials seem more cautious, and rightly so. The markets’ latest narrative pivot is not the right one for the world’s most powerful central bank. When the ...