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HBO and Netflix: From ‘friends’ to foes

Netflix Inc. and the soon-to-come HBO Max app need a little of what each other has. In the meantime, consumers may be the ones who lose out. If you’re like me, you’ve started to realise that despite a vast number of video-streaming apps, none on its own offers the ideal mix of content best suited to your tastes. And if ...

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Bonds suggest a ceiling for the stock market

Corporate credit markets have bad news for stock investors. Low yields imply that it’s going to be tough for stocks to rally much further from here. Since equities made what was then an all-time high in January 2018, performance of the stock market has largely tracked the movement of investment-grade corporate bond yields. The rise in yields in 2018 acted ...

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Donald Trump throws a tax bomb at Macron

President Donald Trump has been hunting for reasons to extract trade concessions from the European Union with the eagerness of a dog scrabbling around for a bone buried in the back yard. First came Germany’s $24 billion car trade surplus with the US, with Trump coming close to labelling the import of cars made by BMW AG, Mercedes and Volkswagen ...

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