In a span of less than 24 hours, we went from a Bloomberg News report last week that China might reduce its exposure to US Treasuries to China’s denial and claims of ‘fake news.’ I suspect the original story and the denial had official backing, with the initial news viewed as a “temporary truth” that would dissipate like a Snapchat ...

As far as the European Union is concerned, it’s still 2010. If ever there was evidence that officials haven’t got the message that the crisis is over, you need look no further than Ireland. The European Union issued a 2.4 billion-euro ($3 billion) seven-year bond, and the funds will refinance some of Ireland’s bailout borrowings. As is always the case ...

Remember the hype about the iPhone “super cycle?” Wall Street doesn’t. There was a popular investment theory that Apple’s 2018 would be something like a repeat of 2015, when the first larger-screen iPhone models flew off store shelves. Apple sold 231 million iPhones in its 2015 fiscal year, or 37 percent more than it did in the previous year. Apple ...