British Prime Minister Theresa May is doing something politicians almost never do: She is charging into a battle she will almost certainly lose. Does she have a plan to survive and lead the aftermath or, like the Spartan Leonidas at the Battle of Thermopylae, will she sacrifice herself and her troops for a position she can’t hold? How the weeks ...

Japanese investors salivating at the juicy 5.4% dividend yield available from the initial public offering (IPO) of SoftBank Group Corp.’s telecom unit should rein in their excitement. It won’t last. The $23.5 billion IPO of Softbank Group’s cash-cow wireless carrier, which will confusingly trade on the Tokyo Stock Exchange as SoftBank Corp., is a hit among Japan’s traditionally conservative investors, ...

This is the time of year for annual reckonings and predictions by strategists and analysts, illustrating little more than that they know what pleases their employers and that their powers of prognostication are non-existent. Yet, full of bravado and confidence, they explain what stocks to buy, when a recession will come along, what the Federal Reserve is going to do, ...