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SpaceX once again achieves something unreasonable

‘It seems surreal to me,’ said Elon Musk, proprietor of SpaceX, and for once he was understating things. On Fenruary 6, his company blasted a 230-foot rocket into orbit, returned its two side boosters to Earth for a flawlessly synchronized landing, and — with exquisite nerd flair — propelled Musk’s own Tesla Roadster toward deep space, where it’s expected to ...

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The UK is down since Brexit, guess who’s up

When British voters decided in June 2016 to exit the European Union, investors who had anticipated the opposite result stampeded out of sterling and the currency plummeted a record 8.05 percent to a 31-year low. Almost 20 months later, the pound has mostly recovered, providing some satisfaction to commentators who’d predicted that Brexit would prove more distressing to the EU. ...

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The stock market is a lot like Bitcoin

Just as President Donald Trump had nothing to do with the stock market’s rise, despite the almost 60 boastful tweets he has posted about it since being elected, he has nothing to do with the recent stock crash. Instead, praise the machines—and blame them, too. Last year, Marko Kolanovic, global head of quantitative and derivative research at JPMorgan, estimated that ...

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