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Wayne Ellis

Chinese Flag in Shape of China
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Chinese researchers announced yesterday that they’ve been able to create two monkeys (macaques) with customized genetic mutations.

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Investors betting against the American economy got a much-needed shot in the arm yesterday, with the release of the Institute for Supply Management’s manufacturing survey.

[stocks]
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With apologies to Yogi Berra for manipulating his quote above, the saying still holds: 2014’s market performance to date isn’t exactly a continuation of 2013’s bull run. In fact, it is just the opposite with the S&P 500 down 3.6 percent in the first month of the year.

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A trio of events combined to lift the S&P 500 out of its month-long losing streak, putting the index up 2.9 percent for the week. The “big three” included the following.

[European Central Bank]
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Inflation across the 18-nation euro zone dropped to 0.7 percent in December last year, down from 0.9 percent in the month prior.

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After publicly flirting with executives from Dell to Ford, Microsoft Corp. (Nasdaq: MSFT) chose company insider Satya Nadella to replace Steve Ballmer as CEO.

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