Apple (AAPL) and the U.S. government have been sniping at each other in a series of carefully released court filings and public statements over how far the tech giant should go to help law enforcement catch bad guys. But there seems to be a far bigger battle going on than either side has acknowledged.
In California, the FBI is trying to use legal motions and public pressure to force Apple to write new software that would allow the feds to crack into an iPhone used by one of the shooters in last December’s mass murder in San Bernardino.
Stock prices have made strong advances over the past several years, yet market analysts see further gains, arguing that the selloffs of August 2015 and early 2016 represent a healthy correction.
But this rise in stock values has been underpinned by financial engineering and liquidity — setting the stage for a global financial crisis rivaling 2008 and early 2009.
The Wu-Xia shadow federal funds rate has increased by 3 percentage points since the Federal Reserve confirmed that it would end its bond-buying program on Oct. 29, 2014. The Dow Jones Industrial Average and the Standard & Poor’s 500 Index have decreased by 2.88 percent and 2.65 percent, respectively, over the same period.
The countdown to Britain's EU referendum has started. Prime Minister David Cameron has secured some important concessions from his European counterparts. This is all very welcome, but deal or no deal I would have argued for Britain to stay in Europe.
China stocks tumbled more than 6 percent on Thursday, posting their biggest one-day loss in a month, as investors booked profits after the market's recent rebound.
We won’t know for sure until the S&P 500 Index falls 20% or more from its May 2015 peak, or to about 1,700. (The stock market benchmark is now at around 1,909.) By then, of course, it would be too late to do much about it.
China’s imports of gold from Hong Kong slumped to the smallest since 2011 in January after surging to the highest level in more than two years in December, as global prices climbed the most in a year.
The dollar was higher against the yen during Asian trade Thursday, with the emergence of buying in the Tokyo stock market prompting some investors to abandon the traditional safety of the Japanese currency.
Oil prices fell on Thursday after data showed U.S. crude inventories rose further last week underscoring the extent of the oversupply that has dogged the market for nearly two years.
Brent crud the global oil benchmark, fell 1.4% to $33.92 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate future were trading down 1.4% at $31.71 a barrel.
Donald Trump, insecure? We should all have such problems.
Illustration by Robert Grossman
At the Verizon Giganto-Center in Manchester the night before the New Hampshire primary, Trump bounds onstage to raucous applause and the booming riffs of the Lennon-McCartney anthem "Revolution." The song is, hilariously, a cautionary tale about the perils of false prophets peddling mindless revolts, but Trump floats in on its grooves like it means the opposite. When you win as much as he does, who the hell cares what anything means?
Last Sunday, Marco Rubio voiced the conventional wisdom that guides much horse-race commentary about the GOP campaign: “Part of the dynamic up to this point,” Rubio declared, “is Donald [Trump] has been, you know, in the mid 30s to low 30s, high 20s, in most polls, and then you have 70 percent of the Republican electorate that says, ‘We’re not voting for him.’ But they’re divided up among five or seven people. So as that five or seven people continues to narrow down, I think it’s going make the race clearer and clearer.” Ted Cruz has said much the same thing…
When a presidency is winding down we start to think there probably isn’t that much to fight over. Yet here are the Republicans acting like it’s 2009 all over again, and more. These moves on the Supreme Court situation and Guantanamo Bay aren’t just obstructionist. They are certifiably insane.
This summer, two pilots sandwiched in a 36-inch-wide cabin could take the Perlan 2 glider to 90,000 feet, higher than most aircraft have flown. To reach such heights, the glider will ride stratospheric waves—powerful and little-understood currents that flow over mountain ranges.
On a bright, cold Sunday in mid-January, I returned home from visiting a frail member of my cancer support group and opened the garage to haul the recyclables up the steep driveway to the street. After a few steps, my feet started to slip and I fell with a thud on my bottom. The big bin toppled over me, scattering plastic containers and cardboard boxes, as my hands reached down to feel a sheet of ice that had been invisible on the asphalt.
China "really needs" its defenses in the South China Sea in the face of a militarization process being pushed by the United States, and can deploy whatever equipment it wants on its own soil, China's Defence Ministry said on Thursday.
This is why you can expect another global stock market meltdown (Market Watch)
Leaving Europe Would Be a Terrible Investment (Bloomberg View)
5 things to do as we near a bear market in stocks (Market Watch)
Dollar on the rise as Nikkei busts higher (Market Watch)
Crude drops as investors weigh another inventory build (Market Watch)
The Ceiling Buster (The Atlantic)
Senate Republicans Make Trump Look Good (The Daily Beast)
The Perlan 2 Glider Will Fly 90,000 Feet Higher Than Most Aircraft (Popular Science)
