Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.
What you need to know on Wall Street right now
Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.
Bridgewater Associates is as well known for being the world's largest hedge fund, with $150 billion in assets under management, as it is for its quirky culture of "radical transparency."
We also recently caught up with Dubravko Lakos-Bujas, the head of US Equity Strategy at JPMorgan. Here's what he had to say about dollar strength, market volatility and where investors should put their money in 2017.
A former hedge fund manager who retired at 36 is sounding the alarm on the Trump trade. And
Elizabeth Warren and Tammy Baldwin wrote a letter to Goldman Sachs CEO Lloyd Blankfein asking how much influence Goldman has over Donald Trump. And one of the world's leading credit-rating agencies thinks Trump could be a disaster for the global economy.
he company behind Durex and Dettol just confirmed a $17.9 billion deal to buy a US baby milk maker. Wall Street stands to make more than $100 million from the deal.
And Walt Disney is buying most of Saudi Prince Alwaleed's stake in Paris Disneyland.
In corporate news:
- Under Armour denounces Trump travel ban after CEO praised president as 'a real asset for the country
- Sears CEO Eddie Lampert will pay $40 million to settle a lawsuit that alleged he unfairly enriched himself with the company's "crown-jewel assets"
- The company behind Call of Duty and Candy Crush is soaring after reporting record revenue
- Can't fly with broken wings" — Wall Street blasts Twitter for missing Q4 earnings
- Yelp plunges after sales outlook misses estimates
In macro news, Canada's jobs report crushed it. And investors don't trust the Fed anymore, according to Business Insider's Pedro da Costa.
There's a bunch of news in the healthcare sector, too:
- The Senate has confirmed Trump's pick to lead the Department of Health and Human Services
- The list price of a life-saving overdose treatment has skyrocketed 680% in the last 3 years — and now 31 senators want answers
- One of the largest middlemen in the drug industry just released a video showing why it should be able to remain secretive
- Here's how many people in every state don't have health insurance
- One chart shows just how devastating healthcare costs are for American families
In other news, Tesla faces a unionization challenge after factory workers complain of injuries and long hours. Elon Musk called the attacks on Tesla's working conditions "morally outrageous."
Lastly, here are 35 trips every couple should take in their lifetime.
Capital One is trying to curry favor with millennials with cafés around the US offering free Wi-Fi, local coffee and food, and complimentary money coaching—The more than 80 million people born into the millennial generation have grown up with technology by their side.
Greece is in trouble again over its "explosive" debt — here's whyGreece is back. A disagreement among Greece's creditors over how to deal with the country's "explosive" debt pile is making the market nervous.
JOIN OUR PULSE COMMUNITY!
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng