FROM Chris Steiner
Knight Capital and High Speed Trading on Wall Street The Wall Street market maker Knight Capital is back in business today, at a much-reduced value, despite the chaos caused by a computer malfunction last week. This latest incident reveals how computerized algorithms control the financial markets. What's their role in retail customer service — and choosing the next pop music star?
Algorithms on Wall Street and in the Rest of Our Lives Knight Capital is a so-called "market maker," using high-speed computers to keep Wall Street fair and orderly. Last week it created chaos instead. It's the latest in a series of computer malfunctions that are giving some investors the jitters by trading stocks faster than the human brain can function. Have the benefits of fast trading reached their limits? What's the role of computer algorithms in other parts of our lives? You may be surprised.
Political appointments and the reshaping of the judiciary President Trump has the chance for a long-term impact -- not just on the US Supreme Court, but on the entire federal court system. And his nominees are likely to get the support of a massive spending campaign by donors who don't have to reveal their names. Can President Trump "pack" the federal court system?
CBO: Under GOP plan, millions will lose coverage Republicans are divided and Democrats are saying, "we told you so," when it comes to official estimates of what it will cost to repeal and replace Obamacare. The Trump White House says the Congressional Budget Office is just wrong.
Trump, Russia and rabbit holes Conservatives are now joining liberal critics of President Trump by demanding to know about his administration’s ties to Russia. We hear about Washington latest political flap and possible unintended consequence.
Getting answers on phone taps, Russia and leaking The Directors of the FBI and the NSA testified on Capitol Hill today there's no evidence for President Trump's claim he was wire-tapped by former President Obama. We'll hear about that and the investigation into Russian tampering with last year's presidential campaign.