Morgan Stanley Says 10-Year Treasury Yield Has Peaked

Morgan Stanley’s bullish call clashes with JPMorgan and Pimco, who have suggested the benchmark yield may climb higher.

Brexit’s Big Short: How Pollsters Helped Hedge Funds Beat the Crash

Private polls—and a timely ‘concession’ from the face of Leave—allowed the funds to make millions off the pound’s collapse.


Erdogan Triumph Takes Turkey Into the Era of One-Man Rule

Modern Turkey’s longest-serving ruler claimed a mandate to govern with sweeping new powers.

Trump’s Immigration Rhetoric Roils Political Outlook for GOP

The White House has struggled to display a unified response to the crisis, which appears likely to dominate the national agenda for another week.


Leonid Bershidsky

Erdogan Fought Hard and Won Unfairly

The steady creep of authoritarianism in the country ensured that the opposition had little chance to challenge the Turkish president.

Ferdinando Giugliano

Jeremy Corbyn Has a Terrible Economic Idea

Central bankers can’t be stewards of productivity, that’s a politician’s job.

Leonid Bershidsky

EU Crackdown Hasn’t Made U.S. Tech Change Its Behavior

Apple and Google have found easy ways to circumvent the antitrust commissioner’s demands.

Christopher Balding

Why China Can’t Fix Its Housing Bubble

The government has hatched another misguided response to sky-high prices.

Stephen Gandel

Goldman Sachs Shouldn’t Be Able to Jawbone the Fed

It should lose points for divergence on the stress test, not gain on appeal.

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