Harley-Davidson Jumps Most Since 2011 as Profit Tops Estimates
income inequality

Why Bill Gates is wrong about taxing consumers

The billionaire and Microsoft founder’s analysis of Thomas Piketty’s Capital in the Twenty-First Century gets a lot right, but his idea supporting a consumption tax could actually widen income inequality, says business commentator Sanjay Sanghoee.

Morgan Stanley

Morgan Stanley’s earnings illusion

The investment bank posted the fastest-growing trading revenue of its peers. A look at historical earnings, however, shows that the real story may be simply that the overall big bank trading business is shrinking.