The financial establishment has been uneasy with the nationalist wave sweeping across the U.K., the U.S. and now France. But Hungary and Poland show that fears of economic fallout due to rising nationalism may be misplaced, at least in the short run, Greg Ip writes.
Snap calls itself a camera company, but everything beyond the first line of its IPO filing suggests it is an advertising company. And estimating how much ad revenue it can generate is key to determining its value.
The Federal Reserve will be carefully considering whether to raise short-term interest rates at its meeting in two weeks, two top officials suggested Tuesday, reinforcing recent similar messages from the central bank.
The downtown luxury-living movement, which has transformed cities across the U.S., is showing signs of slowing. Detroit’s development bonanza in a city still struggling economically, is emerging as a test of the phenomenon’s staying power.