Turns out the Fed’s plate isn’t just full of decisions surrounding interest rates. It’s got a massive portfolio of mortgage and Treasury securities that needs some serious tending, too – WSJ
With the lowly avocado as our proxy, here’s a look at what a tax on imports from Mexico could mean for the US consumer – NYTimes
On Friday, former Jeffries & Co trader Jesse Litvak managed to escape conviction on all but one of 10 counts of securities fraud in his retrial over allegations that he hid profit margins from buyers of distressed bonds post-crisis – Law360 and WSJ
UBS has joined a chorus of financial industry insiders who expect the DOL’s new fiduciary rule to be delayed (at minimum) and perhaps not implemented at all – WSJ
Still, not everyone [see, e.g., Morgan Stanley] is playing the waiting game – Bloomberg
A few different angles on Silicon Valley’s attempt to define itself under a very different political climate – NYTimes and NYTimes and Bloomberg
Globalization is helping bring European-style manufacturing apprenticeship programs to the US. The catch? More than a high school diploma is generally required – NYTimes
Ikea’s taking a page from Apple and welcoming open sourcing (not in its apps, though. Think sofas) – WSJ
Let’s pour one out for Old Man Fed, who defeated Rafa Nadal in a back-and-forth 5 setter to win the Australian Open—his 18th Grand Slam victory – NYTimes [Also, by the way, all hail to the Queen]