Executives of risky U.S. oil companies should feel proud. They sold billions of dollars of junk-rated debt earlier this year, locking in historically low borrowing costs and pushing out their maturities. And they did so at the expense of debt investors, who now find themselves getting burned yet again, less than two years after one of the biggest selloffs ever ...

It’s easier for American tourists to travel to North Korea than to Cuba. It’s also more dangerous, as the death this week of college student Otto Warmbier after 17 months of North Korean captivity shows. But never mind the absurdity of President Donald Trump’s reimposition of travel restrictions to a relatively open and safe island 90 miles off the American ...

The North Atlantic Treaty Organization (NATO) has now formally enlisted in the fight against IS extremists. It can begin by helping to stem the flow of refugees trying to reach Europe from North Africa. This would be more than a humanitarian exercise; it would be a counterterrorism operation. Wherever refugees gather in hopelessness, violent extremists have a fertile recruiting ground. ...