Financial Markets and Economy
Dollar Logs Biggest Rally Versus Yen Since 1988 on Trump Plans (Bloomberg)
The dollar posted its biggest two-week rally against the yen since 1988 amid bets that Donald Trump’s administration will pursue fiscal stimulus, boosting the U.S. economy and triggering monetary tightening.
Europe’s Bond Traders Await the Calm Before Next Looming Storm (Bloomberg)
After two weeks of being whipsawed by politics and the outlook for monetary policy, European bonds may be about to get a breather.
Pound Traders Await Direction From Hammond’s First Budget Update (Bloomberg)
Pound traders will finally get a glimpse into Britain’s economic future — and the direction of sterling — next week.
Iran Optimistic on OPEC Production Cuts After Barkindo Visit (Bloomberg)
Iranian Oil Minister Bijan Namdar Zanganeh said he’s optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month.
Hedge funds fled healthcare stocks before the election — and may have missed out on big money (Business Insider)
Hedge funds hopped out of healthcare ahead of the US presidential election – and may have missed on a big rebound in that sector in the wake of Donald Trump's win.
The housing market is suddenly losing one of its biggest drivers (Business Insider)
Mortgage rates recently surged.
From 3.6% on November 11, the average 30-year mortgage rate jumped to almost 4% on November 14. "This is a classic exogenous shock," said Mark Fleming, the chief economist at First American.
Malaysians Rally Against Najib as Premier Vows to Stay On (Bloomberg)
Thousands of Malaysians gathered in the country’s capital demanding the resignation of Prime Minister Najib Razak as his critics sought to maintain pressure on the premier over a funding scandal.
Saudi-led Coalition Declares 48-hour-ceasefire in Yemen (Associated Press)
Cairo (AP) — The Saudi-led military coalition declared a 48-hour ceasefire in Yemen on Saturday, on the condition that Shiite rebels abide by it and allow humanitarian assistance into besieged cities, namely Taiz.
How To Grow Your Business By Doing Less, Not More (Forbes)
Growth comes from new products, new markets…or does it? Before you take on the risks of developing new products or markets, consider that you may already have the great business you want. It’s hidden inside the one you already have.
IRS Can Sometimes Collect Corporate Tax From Former Shareholders (Forbes)
As a tax professional, few things horrify me more than appreciated assets inside a C corporation. That was at the root of a recent Eighth Circuit decision Stuart v Commissioner. William Stuart had been a shareholder in Little Salt Inc.
It’s time for U.S. investors to bring their money home (Market Watch)
How often does your financial adviser recommend diversifying your portfolio globally to hedge against a domestic downturn? That’s usually a good plan, but investors today might be better served by bringing the money home and putting more of it to work here in the U.S.
China pledges further opening as leaders scramble for free trade (Reuters)
Chinese President Xi Xinping pledged on Saturday to further open the world's second-largest economy, as leaders of Asia-Pacific countries gathered in Lima to find new free-trade options while the United States is expected to take a more protectionist stance.
Investors to digest stock market feeding frenzy before their turkey (Market Watch)
Investors will likely spend the holiday-foreshortened week digesting the last two weeks of stock market gains before they move on to digesting their Thanksgiving feast.
Companies
Snapchat And Evan Spiegel: It Ain't What You Do, It's The Way That You Do It… (Forbes)
Snapchat’s co-founder, Evan Spiegel, is an enormously talented CEO. The original idea behind Snapchat, ephemeral messaging that self-destructs within a few seconds, is not a particularly overwhelming concept, and for me at least, is not one of those ideas that I find myself wishing I’d thought up.
Technology
Zuckerberg Says He’ll Take Steps to Solve Facebook Fake News (Bloomberg)
Facebook Inc. is taking steps to address its role in spreading fake news, such as enlisting the help of third-party fact checkers and posting warnings on dubious stories.
The 5 most exciting technologies the US military is building right now (Business Insider)
The research arm of the United States Military, the Defense Advanced Research Projects Agency (DARPA), recently held an event at the Pentagon showing off some of their next-generation technology. While there, we had a chance to check out some of DARPA's non-classified projects. Here are 5 of the most intriguing ones.
Lost Seoul: South Korea Blocks Google From Expanding Local Maps (The Wall Street Journal)
SEOUL—South Korea denied a request by Alphabet Inc.’s Google to export digital-map data from the country, effectively blocking the U.S. technology giant from expanding its limited local-map services there.
Red Hat CEO on Microsoft, Google, and Cutting Edge Software (Fortune)
The enterprise company offers services and support around the Linux open-source operating system, which non-techies can think of as a free equivalent of Microsoft’s Windows and Apple’s MacOS. Developers and IT operators, however, regard Linux as more than just a free service: It’s the underpinning of some of the most popular apps and software used today.
How To Make Your Smartphone Battery Last Longer (Digital Trends)
The days when cell phones could survive for a week on a single charge are dead and gone. Sure, the phones of yesterday could last what seems like eons between charges, but they also could do little more than make phone calls.
Here’s Intel’s abandoned wearable, the Basis Ruby (Tech Crunch)
Intel’s spent the last few years betting on wearables, but things just aren’t paying off. According to sources close to the company, there are major changes afoot at the chipmaker’s New Devices Group, including some major job loss.
Microsoft's Surface Book beats the new MacBook Pro — here's why (Business Insider)
The last few months have been full of surprises, and not just in the political world.
Politics
Donald Trump is putting together a national-security team full of hardliners (Quartz)
While Donald Trump spoke about being a president “for all Americans” on election night, the cabinet taking shape is decidedly hardline conservative. He plans to nominate Mike Pompeo as CIA director, and has tapped Jeff Sessions, the Republican senator from Alabama who wrote a handbook on curbing immigration, for US attorney general.
President-elect: I had to settle Trump University case 'to focus on our country' (The Guardian)
President-elect Donald Trump sounded off on his $25m payout to students who accused him of fraud on Saturday, as he prepared for a meeting with former foe Mitt Romney, tipped as a possible, if unlikely, nominee for secretary of state.
Donald Trump Is Alarming Minorities With His First Presidential Hires (Errin Haines Whack, AP)
President-elect Donald Trump’s choices for leadership posts threaten national unity and promise to turn back the clock on progress for racial, religious and sexual minorities, civil rights leaders and others said Friday after his nomination of Sen. Jeff Sessions for attorney general.
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Why Barack Obama thinks his legacy will survive Donald Trump (Vox)
The New Yorker’s David Remnick has a long, powerful piece entitled “Obama Reckons With A Trump Presidency.” It’s the most insight we’re going to get into Obama’s reaction to Donald Trump’s ascension, and it’s worth considering carefully.
Obama loyalists plot Trump resistance (Politico)
President Barack Obama told his most loyal operatives that they have 10 days to get over their grief.
They’re already ahead of schedule.
Young Climate Researchers Face a Trump Reality (Scientific American)
For those just entering the climate field or graduating soon, President-elect Donald Trump’s choices on funding and policy will set the tone for their careers. His budget decisions will dictate priorities, raising the profile of some aspects of research while chilling other areas.
Students and lecturers march against Tories' education bill (The Guardian)
Students and lecturers have marched through central London to protest against government plans for an “ideologically led market experiment” that would open up UK higher education to the likes of Trump University and leave students facing escalating fees.
Democratic Congressman Ami Bera Wins Close Race in California (Associated Press)
Democratic U.S. Rep. Ami Bera won his bid for a third term to represent a Sacramento, California-area district that national Republican leaders had targeted.
Trump's National Security Adviser Shared Fake News About Clinton (Fortune)
As Donald Trump puts together his cabinet, some of his picks are getting critical attention for past comments they made that suggest they hold racist or otherwise offensive views about various groups. One of those getting scrutiny is General Michael Flynn, Trump’s nominee for National Security Advisor.
Trump Slams "Very Rude" Hamilton Cast After VP Pence Booed, Lectured During Show (Zero Hedge)
Vice President-elect, Mike Pence, may have expected a simple night out with his family on Friday evening in New York when he arrived at the Broadway show, "Hamilton". He didn't get that; instead the New York crowd greeted him with boos as he took his seat on arrival, and the cast delivered an unprecedented direct admonishment to the VP, to cap off the night during the curtain call.
Here’s What The ‘Hamilton’ Cast Told Mike Pence (The Huffington Post)
The “Hamilton” cast had a special message for Vice President-elect Mike Pence, whose presence at the hit Broadway musical on Friday night drew boos from the Manhattan audience.
Health and Biotech
Zika Loses 'Emergency' Status, Sparking Fears Of Complacency (Reuters)
But some public health experts worried that losing the "international emergency" label could slow research into the virus, which continues to cause infections in the United States and elsewhere.
Life on the Home Planet
Yemen truce strained by reports of air strikes and fighting (Reuters)
A truce aimed at ending more than a year of war in Yemen began on Saturday, although residents said fighting was still going on in parts of the country.
Child refugees forced to work for nothing after leaving Calais (The Guardian)
Legal interviews with unaccompanied minors dispersed from the refugee camp to France’s official reception centres have uncovered allegations that children have been forced into unpaid work and ordered on to farms to pick apples for French supermarkets.
First ever lightning-mapping satellite set for take off (New Scientist)
On 19 November at 5:42 p.m. EST, an Atlas V rocket will launch the US’s most advanced weather satellite yet. The National Oceanic and Atmospheric Administration (NOAA) have packed the Geostationary Operational Environmental Satellite-R (GOES-R) full of scientific instruments that will improve weather prediction around the US and in space.
