Volatility was again the name of the game on Thursday in the US markets, which closed down nearly 4% again and headed into official “correction” territory – NYTimes and WSJ and Bloomberg and MarketWatch and Reuters
Twitter dropped some unexpectedly good news this week, reporting Q4 profits (its first quarter in the black since its 2013 IPO) that pushed its shares up 20% in early trading – NYTimes and WSJ
Broadcom to Qualcomm: uhhh, still no – NYTimes and Bloomberg
As the Winter Games officially open today in Pyeongchang, let’s make sure not to overlook the “corporate giant lurking behind” the games—Samsung’s once-disgraced and pardoned former chair Lee Kun-hee – WSJ
Debt-laden Chinese conglomerate HNA Group has put roughly $4 billion of its commercial properties in the U.S. on the market – Bloomberg
Musings on why SoftBank—with all of its tech focus—would be interested in a stodgy old reinsurer like Swiss Re – WSJ
Cryptos on campus—a new subject well worth some study – NYTimes
New York authorities, meanwhile, have issued guidance requiring crypto companies licensed by the state to have anti-fraud controls and to report any discovered wrongdoing to the Department of Financial Services – Law360
Hellooooo, disruption. Amazon’s officially heading into the commercial shipping business – WSJ
The Journal gives us some of the atmospherics of the Waymo/Uber trial for us – WSJ
California federal judge Christina Snyder granted class certification to a group of borrowers accusing Countrywide Financial of “using inflated real estate appraisals to juice its loan origination business during the mid-2000s” – Law360
With the DOL’s adviser fiduciary rule officially “in limbo,” a host of states are looking to step into the regulatory void – Bloomberg
Do what you can to set aside all of the bad movies versions and parodies and dig into this exploration of the truth about Mary Shelley’s “Frankenstein”— NewYorker
Have a good weekend.