Called it. T-Mobile US Inc. and Sprint Corp. agreed to combine in a $26.5 billion merger, creating a wireless giant to compete against industry leaders AT&T Inc. and Verizon Communications Inc. — Read on http://www.bloomberg.com/news/articles/2018-04-29/sprint-t-mobile-in-26-5-billion-deal-to-take-on-at-t-verizon
“Any criminal investigation into this payment would likely have significant overlap with plaintiff’s assertion that the agreement, and the payment in particular, had an illegal purpose,” Otero wrote.
Oh sh-. It’s on now motherfucker. Federal investigators on Monday searched the office, home and Manhattan hotel room of President Donald Trump’s longtime lawyer, Michael Cohen, seizing communications between the lawyer and his clients that cover topics including payments to the former porn actress known as Stormy Daniels, according to a person familiar with the… Read More Agents Raid Office of Trump Lawyer Michael Cohen in Connection With Stormy Daniels Payments – WSJ
Interesting… HFT has proven to be singularly destructive. Despite the claims of it defenders, it does not increase market liquidity; it merely increases trading volumes without improving ease of execution. 60% of US stock market trading volume comes from HFT. HFT has undermined how markets operate. Institutional investors have diverted some of their trades to… Read More A Novel Approach to High Frequency Trading
I thought we’d have another decade or two until the machines took over. The scariest part of this single program was that its millions of quotes accounted for 10 percent of the bandwidth that is allowed for trading on any given day, according to Nanex. (The size of the bandwidth pipe is determined by a… Read More Four Percent of all NASDAQ Trades Last Week Attributed to Single Mystery Algorithm; Robo-trader Consumed 10% of Network Bandwidth
Makes our bailouts look strong a virile.
Bandwidth at my new employer. Beat that latency. EDIT: Of course, it’s not always as rosy as it looks.