Global markets watch after US election results
Investors plan to watch overseas markets in Australia Hong Kong and Japan as results come in Big moves in gold and currencies are expected depending on the outcome If Clinton wins the peso could gain while NAFTA rhetoric fades The piece notes SigFig data showing millions of US investors managing about 200 billion dollars online and outlines six month outperforming trends
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David Kotok
Money Management
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Online jeweler Blue Nile to be bought by Bain Bow Street
Blue Nile shares surge as Bain Capital and Bow Street agree to acquire for $500 million and take the company private. Stock hits highest since January 2014 as a deal expected to close in 2017. Wind StreetEarthLink $1.1 billion deal approved by boards for 2017 close. Ferrari posts record Q3 profit and raises forecast. Market volatility index and S&P 500 P/E ratios noted.
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Facebook faces bias suit over ad targeting by ethnicity
A federal lawsuit in the Northern District of California accuses Facebook of discrimination in housing and employment ads through its "ethnic affinity" targeting. Plaintiffs say affinity groups proxy race and national origin, violating the Fair Housing Act and Title VII. Facebook defends the feature as market testing and states policies bar discrimination.
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District of California
Menlo Park
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Pro Publica
Karen Savage
New York
Victor Onuoha
Suzanne-Juliette Mobley
Louisiana
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