Most people hurt themselves when they try to outsmart the markets, the latest data shows. Humility is a better strategy. Source: NYT > Business – Jeff Sommer
Investors Are Usually Wrong. I’m One of Them.
Most people hurt themselves when they try to outsmart the markets, the latest data shows. Humility is a better strategy. Source: NYT > Business – Jeff Sommer
Senators Grill Facebook Executive on Company’s Cryptocurrency Plans
Members of the Senate Banking Committee on Tuesday raised broad concerns about its Libra effort, which the company introduced last month. Source: NYT > Business – Mike Isaac and Nathaniel Popper
A Path to Discovery in the Theranos Case
Having a civil case moving forward at the same time isn’t likely to help the Justice Department’s criminal prosecution of Ramesh Balwani, the former chief operating officer of Theranos. Source: NYT > Business – Peter J. Henning
S.E.C. Adopts New Rules for Brokers That Consumer Advocates Say Are Toothless
The advocates say the rules will let the brokerage industry market itself as always doing the right thing for customers, giving them a false sense of security. Source: NYT > Business – Tara Siegel Bernard
S.E.C. Sues Social-Media Company Kik Over Digital Coin Offering
A federal lawsuit in Manhattan could test the Security and Exchange Commission’s authority over so-called initial coin offerings. Source: NYT > Business – Matthew Goldstein