If the ghosts who inhabit the walls of the CIA could talk, they would tell Director Mike Pompeo to be careful. The agency is entering a danger zone where a White House in turmoil wants the CIA to take aggressive action overseas, but hasn’t developed the clear strategy or political support needed to sustain it. Pompeo is an activist, an …

The election of Emmanuel Macron in France vindicated euro optimists, boosted stock markets and paved the way for lenders like Deutsche Bank AG and Credit Suisse Group AG to raise extra capital. What it didn’t do was unleash a wave of revenue growth for Europe’s top investment banks — at least judging by their latest quarterly earnings. The combination of …

President Donald Trump says cutting corporate taxes is his No. 1 priority after repealing Obamacare. And House Republicans laid out recently what they would like to see done with the tax code. Investors, though, appear to have lost faith in their ability to follow through. The shares of the 100 S&P 500 companies that paid the highest effective tax rates …