While we wait to see if the Atlanta Fed will cut its final Q1 GDP estimate ahead of tomorrow's official print to 0% or negative, here comes JPM which after slashing its Q1 GDP tracker from 0.6% to 0.4% yesterday, having started the quarter - like most others on Wall Street - at 3%, just trimmed its Q1 GDP estimate to the lowest yet, at just 0.3%. Here i […]
While Draghi's conference was supposed to be relatively boring, it was anything but, with the EUR first sliding on the statement's suggestion that more QE is possible, then spiking on upbeat economic comments, then sliding again after Draghi talked down the inflationary outlook but most importantly, when the ECB president said that the ECB did not […]
Since at its core, yesterday's 1-page "tax plan" was a Goldman creation - and was presented to the world by two former Goldman employees - who better to explain what Trump had in mind than Goldman Sachs itself, which it did overnight in a far lengthier note from its chief Washington analyst Alec Phillips. Here is Goldman with an elaboration […]
After President Trump flipped on two major campaign promises yesterday, funding for the border wall and obamacare subsidies, many believed that a government shutdown crisis had been averted. But, that is only because most of the mainstream media doesn't understand, or is simply unwilling to admit, that Democrats aren't looking for a 'deal […]
Authored by Jeffrey Snider via Alhambra Investment Partners, If you are a stock investor, you should be terrified. The most disconcerting words have been uttered by the one person capable of changing the whole dynamic. After spending so many years trying to recreate the magic of the “maestro”, Ben Bernanke in retirement is still at it. In an interview with C […]
The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Most of us use a tech accessory or two to get us through the day — whether it's a pair of headphones to keep us entertained during our commute, a fitness band to help us keep track of our […]
There’s no question that YouTube is under public scrutiny after large, global brands recently halted campaigns on the platform because ads were showing up next to offensive content. The boycott prompted YouTube to roll out improved tools for advertisers to help them better control where their ads land and maximize brand protection. But YouTube’s lack of poli […]
BI Intelligence This story was delivered to BI Intelligence IoT Briefing subscribers. To learn more and subscribe, please click here. Uber plans to test flying cars by 2020 in Dallas and Dubai, and hopes to offer a commercial service in those markets three years later, the BBC reports. The ridesharing giant is working with aircraft makers Embraer and Bell He […]
GuilhermeMesquita/ShutterstockIf learning how to build wealth is important to you, you've come to the right place. Below, Business Insider has rounded up 10 quick money lessons that will teach you how to master your money — from how to automate your savings to investing in the stock market when you're not an "investor." Of course, this is […]
Thomson ReutersGAZA (Reuters) - With the prospect looming of a Middle East peace initiative by a new U.S. administration more sympathetic to Israel, Palestinian President Mahmoud Abbas has decided to turn the screw on the Hamas group that has kept Gaza out of his control for a decade. Abbas's Western-backed Palestinian Authority (PA) on Thursday told Is […]
I love these simple, clean two variable (Fees vs size) sort of graphics: click for larger but still reasonably-sized chart Source: @MStarETFUS The post Top 20 Mutual Fund Companies by Assets appeared first on The Big Picture.
My very early 6am morning train reads: • How Markets Respond to Tax Reform (Bloomberg View) • Is Your Retirement Account Underfunded? (US News) • And Then There Was Hannity: Bill O’Reilly. Roger Ailes. Megyn Kelly. One by one, the biggest personalities at Fox News have left the building. (BloombergBusinessWeek) see also In Trump era, Rachel Maddow starts bea […]
Phi Asset Managers LLC, is a quantitative philanthropic financial foundation implementing proprietary investment optimization technology. Our proprietary technologies help generate alpha, adhere to company values, enhance our long-term dedication to our stakeholders, & along with the causes we care about most. Moreover, as a social enterprise, lead with unreserved benevolence. Our philosophy allows for the organization to operate in a carbon neutral, eco-friendly, energy efficient manner. Collectively, Phi Asset Managers CSR initiatives help minimize our eco-footprint, & concurrently maximize management's devotion toward philanthropy.