Time's (TIME) Sports Illustrated Names LeBron James as the 2016 Sportsperson of the Year Dec 1, 2016 01:04PM

Time Inc.'s (NYSE: TIME) Sports Illustrated today announced that Cleveland Cavaliers star LeBron James is the 2016 Sportsperson of the Year. In a year full of stirring and historic performances across all sports, James was transcendent, rallying the Cavaliers from a 3-1 deficit against the Golden State Warriors in the NBA Finals to deliver the city of Cleveland's first championship in a major sport since 1964. James, who has now won three NBA titles, was named Finals... (continue reading...)

AngelList Acquires Startup Company Product Hunt Dec 1, 2016 11:42AM

AngelList has acquired Product Hunt, according to TechCrunch.

The purchase price was said to be about $20 million.

Product Hunt is a platform that allows users to vote up or down on startup products.

The move was affirmed by Product Hunt founder Ryan Hoover.

AngelList could be looking for Product Hunt to potentially develop into something like Kickstarter.

U.S. funds favor equities on hopes of fiscal stimulus: Reuters poll Nov 30, 2016 07:08AM

By Krishna Eluri

(Reuters) - U.S. funds increased equity allocations to a 16-month high in November on expectations that fiscal stimulus from President-elect Donald Trump will boost stocks, a Reuters poll found.

U.S. stocks have risen sharply since Trump's shock election victory earlier this month - Wall Street's four main equity indexes hit record highs last week.

The survey of 13 fund managers, conducted Nov 16-29, showed... (continue reading...)

Global funds raise bonds, cite political uncertainty: Reuters poll Nov 30, 2016 07:06AM

By Claire Milhench

LONDON (Reuters) - Global investors raised their bond exposure and held cash at high levels in November, citing uncertainty around U.S. President-elect Donald Trump's plans and worries about political risk in Europe, a Reuters monthly poll showed on Wednesday.

Although Trump's promises to cut taxes and boost spending have pushed up bond yields on the expectation of higher inflation, some poll participants wanted to see if... (continue reading...)

Zillow Mortgages Reports 2 bps W/W Increase in 30-Year Fixed Rate to 3.37% Nov 29, 2016 02:01PM

The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.87 percent, up 2 basis points from this time last week. The 30-year fixed mortgage rose last Wednesday, then hovered around 3.97 percent before falling back to the current rate on Monday.

“Mortgage rates were essentially flat last week despite a temporary 10 basis point jump over the Thanksgiving weekend, as lenders priced conservatively before the holiday,” said Erin Lantz, vice president of... (continue reading...)

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