FROM Terrance Odean
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.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?