Gig economy workers are in the driver’s seat. With ride-hailing demand outstripping labor supply, a strengthening economy may accomplish what activists have failed to achieve: better pay and benefits. Uber Technologies Inc and Lyft Inc reported earnings that exceeded expectations, citing a rapidly improving market for ride-hailing. Not everything was perfect. While enthusiastic about demand trends, the two companies admitted ...

Norway’s sovereign wealth fund, the world’s biggest, is hamstrung in competing for talent with the rest of the investment industry. As a public institution, it faces what it calls “barriers to remuneration.” In other words, it can’t pay its stars what they would earn working at a hedge fund. But a study just published celebrating 20 years of active management ...

In his first budget request to Congress, President Joe Biden is set to propose $715 billion in defense spending — a 0.4% cut in real terms. After four years in which military spending increased substantially, the administration is right to take aim at Pentagon excess and seek greater value for taxpayer dollars. But perhaps the biggest obstacles to realising those ...