Profits, Not D.E.I., Are Why Companies Exist

Profits, Not D.E.I., Are Why Companies Exist

A prominent group of chief executives said almost six years ago that making profits for shareholders was only part of their business — and not necessarily the main part. Speaking collectively as the Business Roundtable, C.E.O.s from companies like Johnson & Johnson, FedEx, Wells Fargo and Amazon said that, really, they were devoted to serving…

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Which Interest Rate Should You Care About?

Which Interest Rate Should You Care About?

Watch out for interest rates. Not the short-term rates controlled by the Federal Reserve. Barring an unforeseen financial crisis, they’re not going anywhere, especially not after the jump in inflation reported by the government on Wednesday. Instead, pay attention to the 10-year Treasury yield, which has been bouncing around since the election from about 4.8…

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