Wal-Mart's Risky Bet and a Trump Reckoning

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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Well, that was certainly something. While you recover, get back on the right track with our morning train reads:

  • Mr. Market Doesn’t Care About Your Politics (Bloomberg View)
  • American hedge fund managers ran $2.2 trillion, or 72%, of the $3.1 trillion managed globally in hedge funds (Pensions & Investments)
  • How the owners of Fidelity get richer at everyday investors’ expense (Reuters)
  • What Climate Change Means for Investors (Barron’s); see also The Top 200 Sustainable Mutual Funds (Barron’s)
  • How Wells Fargo’s rivals make it harder for employees to create fake accounts (L.A. Times)
  • Wal-Mart Makes Risky Bet It Can Loosen Amazon’s Grip Online (Bloomberg)
  • Canada’s Big Bet on Stimulus Draws Global Attention (Wall Street Journal)
  • Indian call center employees posing as the IRS may have bilked Americans out of millions (Washington Post)
  • The Reckoning Arrives For Trump, Fox News, And The GOP (Media Matters)
  • Your Next Friend Could Be a Robot (Wall Street Journal)

Be sure to check out our Masters in Business interview with Martin Barnes, chief economist at BCA Research.

Total Job Growth's Big Streak

Source: @CEAChair

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
Brooke Sample at bsample1@bloomberg.net