Many analysts believe that the only way to reconcile the immediate energy needs of an ever growing global population and curb carbon emissions at the same time is to turn to nuclear power.
One of the best performing sectors in the equity market is the Philadelphia Semiconductor Index known as the SOXX. Typically the sector is very prone to boom and bust cycles as the surge in demand leads to overbuilding of foundries and flood of supply
In a fascinating Odd Lots podcast with Tracy Alloway and Joe Wiesenthal he takes the audience on a wild stream of consciousness ride that explains the most arcane details of the fractured modern electronic market structure and Virtu’s attempt to provide intermediation in every major marketplace in the world.
Bitcoin was down more than 8% in overnight trade hitting a low of 38,500 after Chinese regulators directed banks and financial payment firms not to offer clients any services involving cryptocurrency including currency exchanges, registration, trading, clearing and settlement.
In his new book, “Noise” Danny Kahneman talks about a consulting project he once performed for an insurance company. In insurance the field of underwriting (deciding how much premium to charge) is as much an art as it is a science.
Yesterday’s inflation data shocked the market with core CPI readings hitting a 26 year high as base effects, supply shortages and resurgence of demand created this biggest jump in price conditions in decades.