Nothing makes a tech company quake in its boots so much as the sight of Apple Inc. marching into its territory. It’s a big deal for Western Digital Corp. not only to have Apple throw its hat in the ring of the Toshiba Corp. chip fight, but to have that name brandished like a weapon. Foxconn Technology Group, long a …

When you ask someone in the financial industry how his job creates value, he’ll often answer that it enhances liquidity. Why are high-frequency trading and other forms of algorithmic trading good for markets? Liquidity, we’re told. What’s the potential harm from the Volcker Rule, which prohibits banks from engaging in proprietary trading? It could decrease liquidity. There are endless academic …

Bloomberg The dollar gained, Treasuries retreated and stocks advanced as an appetite for risk returned after an anticipated North Korean missile test failed to materialise and Hurricane Irma struck the US with less force than feared. Gold, the yen and the Swiss franc all fell. Bloomberg’s dollar index was headed for the first increase in eight days, while US stocks …