Market Insight Blog

The Wall Street Journal: Kim Jong Un crosses DMZ line in historic summit with South Korea
SEOUL — Kim Jong Un became the first North Korean leader to set foot in the South since the Korean War when he stepped across the military demarcation line Friday and shook hands with Moon Jae-in, the South Korean president. The outcome of their meeting is set to determine the future of relations on the Korean Peninsula and lay the groundwork for Kim’s planned summit with President Donald Trump, which could come within weeks. In talks at the truce village of Panmunjom that will […]

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Did Trump just threaten the world over the 2026 World Cup?
President Donald Trump appeared to threaten countries that oppose a joint 2026 World Cup bid by the U.S., Canada and Mexico in a tweet late Thursday. “It would be a shame if countries that we always support were to lobby against the U.S. bid. Why should we be supporting these countries when they don’t support us (including at the United Nations)?” Trump said. The U.S. has put together a STRONG bid w/ Canada & Mexico for the 2026 World Cup. It would be a shame if countries […]

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Outside the Box: 7 common estate planning disasters and how to avoid them
An approximately $30 trillion transfer of wealth is currently under way in the U.S. as aging baby boomers pass their assets to successive generations. This transfer, together with the recent increase to the lifetime federal estate and gift tax exemption (to $11.18 million in 2018), has created a favorable situation for U.S. citizens and residents seeking to transfer wealth to their loved ones during lifetime and at death. Despite the encouraging estate planning horizon, we still see many who […]

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MarketWatch First Take: The engine for Amazon earnings growth has nothing to do with e-commerce
E-commerce giant Amazon.com Inc.’s earnings surge in the first quarter was largely due to major acceleration in its Amazon Web Services business, which is powering the bulk of Amazon profits just as it powers most of the devices and services we all depend on. Amazon reported huge profit for the quarter Thursday, blowing past Wall Street’s estimates and sending Amazon shares up 7% in after-hours trading. Amazon’s AMZN, +3.96% stock is already up almost 30% this year, compared […]

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The New York Post: Police used genealogy websites to catch suspected Golden State Killer
Sacramento County Sheriff Joseph James Deangelo, 72 appears in a booking photo. After years of evading capture, authorities were finally able to nab the Golden State Killer this week thanks to some ingenious police work — which involved running DNA found at one of the crime scenes through genealogy websites and then matching it to one of his relatives. The Sacramento County District Attorney’s Office revealed their clever tactics on Thursday to the Sacramento Bee. They not only […]

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The Wall Street Journal: Explosion, fire at Husky Energy refinery in Wisconsin injures about 20
An explosion and fire at a Wisconsin refinery owned by Husky Energy Inc. injured roughly 20 people Thursday, according to a local fire official. First responders were at the scene of the incident, which took place Thursday morning at the Superior Refinery in Superior, Wis. Mel Duvall, a spokesman for Husky Energy HSE, -8.12% , a Canadian company based in Calgary, Alberta, confirmed it was responding to an incident but said it was unsure how many people were injured. The company said in a […]

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The New York Post: EPA chief Pruitt says he has ‘nothing to hide,’ blames attacks on politics
WASHINGTON — A defiant Scott Pruitt dismissed the ethics investigations into his leadership of the Environmental Protection Agency as “half-truths” and falsehoods generated by critics who want to damage the Trump administration. “I have nothing to hide …Facts are facts and fiction is fiction, and a lie does not become true just because it appears on the front page of the newspaper,” Pruitt told the House Energy and Commerce Committee on Thursday. Pruitt said […]

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The Wall Street Journal: Retired judge to review documents seized from Trump attorney Michael Cohen
Barbara S. Jones, a former federal judge in Manhattan, was appointed as a “special master” to sort through the materials seized by the government this month from Michael Cohen, President Donald Trump’s personal attorney, and to review them for attorney-client privilege. U.S. District Judge Kimba Wood announced the appointment at a hearing Thursday in Manhattan federal court, rejecting the special master names recommended last week both by the government and by Cohen’s […]

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The Wall Street Journal: Merkel visits Trump hoping to head off transatlantic trade war
German Chancellor Angela Merkel is traveling to Washington for a high-stakes meeting with President Donald Trump on Friday, in a last-ditch effort to avoid the biggest trade conflict in years between the U.S. and the European Union. European officials expect the White House to make good on its threat to impose higher tariffs on steel and aluminum from EU countries, including France, Germany and the U.K. That would trigger retaliatory tariffs on a list of American products including motorcycles, […]

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Amazon to increase price of Prime membership by 20%
Amazon.com Inc. announced Thursday that it will increase the price of a Prime subscription for U.S. consumers, a week after disclosing that more than 100 million people were members of the retailer’s program. Amazon AMZN, +3.96% Chief Financial Officer Brian Olsavsky revealed the change in a conference call following the release of Amazon’s first-quarter earnings. Amazon reported huge increases in profit and sales that sent shares toward record highs in late trading Thursday […]

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