JOHN KENNETH GALBRAITH, a quotable economist, observed that one of the deeper mysteries is why, in a falling market, there is still a buyer for every seller. It is a conundrum that bond investors must now contemplate. Since January the yield on a ten-year Treasury bond has risen (and thus bond prices have fallen) with […]
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JOHN KENNETH GALBRAITH, a quotable economist, observed that one of the deeper mysteries is why, in a falling market, there is still a buyer for every seller. It is a conundrum that bond investors must now contemplate. Since January the yield on a ten-year Treasury bond has risen (and thus bond prices have fallen) with […]
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“PLEASE don’t leave us.” From the dozens of e-mails in people’s inboxes, begging them to give their consent to be sent further messages, you could deduce that the senders of newsletters and the like are hardest hit by the European Union’s tough new privacy law, the General Data Protection Regulation (GDPR), which goes into effect […]
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AUDITS get noticed only when things go wrong. Last week British MPs issued a scathing attack on KPMG, an auditor, for failing to avert the collapse of Carillion, a contracting company. South African authorities are looking into Deloitte’s audit of Steinhoff, a retailer. PwC, another auditor, could face a court-damages verdict for hundreds of millions […]
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A RECENT tweet from Elon Musk, the boss of Tesla, an electric-car firm, shows footage of a Model X undergoing rollover testing. The SUV is propelled rapidly sideways on a trolley before encountering a sand trap that stops it suddenly, tipping the car. The Tesla teeters between ending up on its roof or settling back […]
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IN THE early 1970s, leftist guerrillas in Argentina discovered a lucrative new way to make money: kidnap millionaires. Panicking firms would agree to huge ransoms, more concerned with freeing their executives than driving down the fee. That was not just bad for businesses. It also became a textbook case of how poor negotiating can send […]
Read moreWhether or not Crowdstrike’s cloud-based endpoint security platform will be snatched up by Google, Microsoft, or Amazon remains to be seen, but its co-founder and CEO George Kurtz said “it certainly could be.” On CNBC’s “Squawk Box” on Thursday, Kurtz told Andrew Ross Sorkin that while there are no current plans in the works, there […]
Read moreCurrency, United States Finance
[The stream is slated to start at 10.30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Chuck Robbins, the chief executive of Cisco, is speaking with CNBC’s Karen Tso at the Viva Technology conference. Cybersecurity is likely to be high on the agenda after the company […]
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An exchange-traded fund tracking South Korean stocks dropped more than 2.5 percent Thursday after President Donald Trump called off a nuclear summit with North Korea’s Kim Jong Un. The iShares MSCI South Korea Capped ETF, the EWY, traded was on pace for its first negative day in four sessions. The ETF tracks stocks such as […]
Read moreThe Trump administration’s assertion that a decadeslong surge in auto imports could impact national security is not a solid argument, according to CNBC’s Jim Cramer. “I thought it was a stretch to use defense,” Cramer said Thursday on “Squawk on the Street,” referring to Commerce Secretary Wilbur Ross’ comments on CNBC on Thursday. Ross said […]
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