Day

“YOU cannot serve both God and money,” admonishes the Bible. But the church has always tried. In the Middle Ages monasteries were what would now be termed social enterprises. They would produce bread, books or other goods. A Franciscan monk is credited with codifying double-entry... Read More →

Like Warren Buffett, JPMorgan (JPM) CEO Jamie Dimon thinks the U.S. economy has the “secret sauce.” To Dimon, however, the public’s current view of what businesses and the corporate world are all about risks taking this away from the U.S. economy. Because to Dimon,... Read More →

Paul Tudor Jones II loves capitalism. It’s a system that has done him very well over the last few decades. Nonetheless, the hedge fund manager and philanthropist is concerned that a laser focus on profits is, as he puts it, “threatening the very underpinnings of... Read More →

Cboe Global Markets Inc. is seeking to introduce a brief delay on one of its markets, becoming the latest U.S. stock-exchange group to attempt to hit the brakes on high-frequency traders, people familiar with the situation said. The plan shows how “speed bumps” have proliferated... Read More →

Should the fight against inequality be the Democrats’ defining cause? The party’s rising tribe of left-wing economic populists — headed up by Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) — would answer with a resounding “yes.” But another... Read More →

American corporations are simply raking in profits. Some are so bloated and cash-rich they literally can’t figure out what to do with it all. Apple, for instance, is sitting on nearly a quarter of a trillion dollars — and that’s down a bit from earlier this year.... Read More →

Over the past eight years, high-stakes negotiations in Congress over the federal debt limit have repeatedly brought Washington to the verge of default. We were on opposite sides of these debates, as senior policy advisers to President Obama and Senate Republican Leader Mitch... Read More →

Five years ago, European Central Bank chief Mario Draghi took the stage in London to give the speech that ushered in the beginning of the end of the continent’s sovereign-debt crisis. Several features of the financial panic that had characterized the previous two years began to... Read More →

Idon’t know about you, but when I wake up in the morning, after dressing modestly  and saying my prayers, the first thing I do is shed a couple of hot tears for the rich. Think of poor Jeff Bezos, who has watched numbers go up on a screen for eight whole months and only... Read More →

Another month, another entry in the long record of the Federal Reserve failing the American people. It was the winter of 2015 and genuine full employment was obviously still a long way off. But out of a fear of inflation, the Fed began tightening monetary policy anyway, thus... Read More →