When the company's analysts tried to verify the high level of activity (after all, the site regular advertises more than 2,500 singles "online now" - a huge number in many parts of the US) they discovered something disturbing in the website's header files: A random number generator...
"Relying on algorithms to make the correct choice for each individual is a dangerous path. The results will be no different than what econometricians have done to the economy. By reducing humanity to a set of equations, algorithmic AI will create a warped version of society every bit as bad as the artificial economy we live with."
The number of stocks hitting new lows just saw a huge spike, especially considering the major indexes remain within arm’s length of their 52-week high...
Welcome to the post-Janet Yellen era which sees the month of February begin with solid risk appetite as S&P futures initially rallied out of the gate only to fade into the European session, as 10Y Treasury yields spiked.
S&P futures rebounded 0.3% from the worst two-day selloff since Sept. 2016, and European and Asian stocks rose modestly from early weakness after Trump's SOTU address did not deliver any major surprises, while traders were cautious ahead of the Fed’s last rate decision under Janet Yellen.
After making more headlines today along with Jamie Dimon and Warren Buffett, today’s infographic focuses on the extent and reach of Jeff Bezos and his Amazon Empire...
