Financial Markets and Economy
Here's what 9 Wall Street gurus think about the Fed's rate hike (Business Insider)
Societe Generale, Albert Edwards
"So finally the Fed has got its 'a' into 'g' and raised rates. Although this will be the first of many rate rises in a move to normalise rates, the Fed's lack of verbal assertiveness means the market still cannot bring itself to believe the Fed's own projections for interest rate hikes."
Higher interest rates are supposed to be bad for stocks. But are they now?
On Wednesday, the Federal Reserve raised its benchmark rate for the third time in this recovery and signaled that three more hikes are on the way in 2017.
Passive investment products like exchange-traded funds have hoovered up assets at a fast clip in recent years. US-listed ETFs saw $283 billion in net inflows during 2016, taking aggregate assets under management to $2.5 trillion, according to Citigroup.
The dollar is starting to act like an oil currency (Business Insider)
When oil prices fall, the greenback is traditionally not one of the more vulnerable currencies. And when oil does well, that doesn't necessarily translate to a strong dollar.
The war of words between the New York Stock Exchange and IEX, America's newest stock exchange, just took a strange turn.
4 charts from Deutsche Bank show how political populism has taken root (Business Insider UK)
2016 will be remembered as a year of populist political upsets.
The UK's Brexit vote in June and the election of President Donald Trump in November put nationalism centre stage in global politics.
Stop me if you've heard this before: It's going to be the year of the active manager.
It's not hard to find Wall Streeters who are both bullish on the market, and bullish on active managers' ability to beat it.
Israeli Prime Minister Benjamin Netanyahu threatened to call early elections after clashing with his finance minister over the fate of the nation’s public broadcaster, roiling the political landscape just hours before he headed to China on a trade trip.
Two managers of closed-end energy limited partnership funds agree that the partnerships still have room to run even after a big recovery over the past year. That means income-seeking investors are still looking at very attractive dividend yields.
That's according to a recent PwC report, which predicts that China will account for 20 percent of the world economy, with India at 15 percent and USA at 12 percent. That’s a big change from 2016, when the US was beating both China and India by a big margin—see table.
The bill, called the American Health Care Act, has been criticized from both sides of the aisle. Conservative Republicans, including Republican Senators Tom Cotton and Rand Paul have said the bill is too similar to the Affordable Care Act (better known as Obamacare) that the GOP has pledged to repeal and replace.
Fish farmers will need to get more kroner out of every fish to provide the next lift for the Oslo exchange’s best-performing sector over the past five years.
Unilever is drawing up plans to heal a rift among shareholders triggered by its rejection of a $143bn (£115bn) bid from Kraft Heinz, amid a warning that Britain could become home to “a garage sale” unless there is protection for domestic companies from foreign takeovers.
Facebook, the world’s most addictive drug (The Economist)
FACEBOOK has defied even optimists’ projections of how big the 12-year-old firm could one day become. Today the company’s flagship social network claims 1.6 billion users, around a billion of whom log on each day.
NBA superstar Charles Barkley made a now-legendary comment prior to the US Olympic basketball Dream Team playing Angola in 1992.
New Intel Technology Bridges Gap Between Speedy Conventional Memory, Longer-Term Storage (The Wall Street Journal)
Intel Corp. is starting to ship the first products based on new technology it hopes will reshape the market for computer memory and help it profit more from the tech world’s data explosion.
Microsoft's first-ever desktop PC blows away the Mac (Business Insider)
Whether you're a Mac fan or a PC person, I can hand you any laptop in the world, you can log into your Facebook and Google accounts, and do probably 90% of what you need to do. It means that, for a lot of people, one computer is pretty much interchangeable with any other.
There's a new style of WiFi router called a "mesh system," which covers your entire home in strong, fast WiFi. They work much better than traditional WiFi range extenders, which is great for larger homes.
In an apparent reference to reports that the US bugged German chancellor Angela Merkel’s phone during the Obama presidency, Donald Trump said ‘at least we have something in common,’ when asked about his own unsupported wiretap claims during a joint-press conference on Friday.
Trump’s budget calls for seismic disruption in medical and science research (The Washington Post)
President Trump’s budget calls for a seismic disruption in government-funded medical and scientific research. The cuts are deep and broad.
'That's not how it works': Trump's grasp of Nato questioned (The Guardian)
On the heels of a visibly awkward visit from the German chancellor, Angela Merkel, Donald Trump said on Saturday that Germany owed “vast sums of money” to Nato and the US, even though the alliance does not stipulate payments to America.
President Donald Trump will find the job of reining in spending on climate initiatives made harder by an Obama-era policy of dispersing billions of dollars in programs across dozens of agencies — in part so they couldn’t easily be cut.
The US President has repeatedly insisted that he has no significant business interests in Russia, at a time when his ties to the country are under intense scrutiny.
Rodrigo Duterte, the Philippines' bombastic president, was not reserved in his denunciations of former US President Barack Obama, going so far as to call him a "son of a whore."
America and Britain's relationship has been unexpectedly strained this week over unsubstantiated allegations that British spy agency GCHQ helped Obama tap Donald Trump's phones at Trump Tower.
Former Dairy Farmer Leads Trump-Russia Investigation (Associated Press)
Devin Nunes once said all he wanted to do was work on a dairy farm.
Now the man from the rural Central Valley of California is running one of the most scrutinized, complex and politically fraught congressional investigations in recent memory.
Senate Confirmation And Supreme Court Pick (Associated Press)
Thirteen months after the death of Justice Antonin Scalia, the Senate is finally holding confirmation hearings to fill the vacancy, considering President Donald Trump's choice of Neil Gorsuch for the high court.
U.S. House Republicans are working on changes to their healthcare overhaul bill to provide more generous tax credits for older Americans and to add a work requirement for the Medicaid program for the poor, U.S. House Speaker Paul Ryan said on Sunday.
Health and Biotech
What ecstasy does to your brain and body (Business Insider)
Dr. Samoon Ahmad is a practicing psychopharmacologist and psychiatrist. He explains what happens to someone's brain and body if they take Adderall recreationally. Following is a transcript from the video.
Life on the Home Planet
Following the live-action version of "The Jungle Book" earning close to $1 billion worldwide last year, the studio looks to have another cash cow in the making with "Beauty and the Beast" breaking the record for the biggest opening weekend ever for March with an estimated $170 million, according to Variety.
President Trump has egged on a new arms race. Russia violated weapons treaties to upgrade its nuclear arsenal. North Korea is developing long-range missiles and practicing for nuclear war — and the US military is considering preemptive attacks on the isolated nation's military facilities.
Three US troops wounded after Afghan soldier opens fire (The Guardian)
An Afghan soldier opened fire on Sunday inside a base in the southern Helmand province, wounding three US soldiers before being shot dead, an Afghan official said.