Donald Trump boasts that he has been an economic genius, creating jobs, cutting $12 billion off the national debt and overseeing a soaring stock market in just his first two months. These claims are largely phony. He may need braggadocio, though, because on the economy he has been dealt a bad hand politically. This problem is likely to be …

  How to command a premium for mediocrity? If that question is posed to Postal Savings Bank of China Co., which counts almost half the people in the world’s most-populous nation as its customers, the answer may well be ‘superior tax planning.’ The Hong Kong-listed Chinese lender enjoys an 8 percent to 26 percent valuation premium over the four largest …

  Secretary of Defense James Mattis and Joint Chiefs of Staff Chairman Joseph Dunford found something constructive to tell senators on an appropriations subcommittee this week, even if it had nothing to do with the Pentagon budget. The two men challenged lawmakers to finally provide a legal basis for the U.S. war against terrorist groups. It’s something that President Barack …