What You Need To Know (1/3/17): First Trading Day of the Year


New Year at the NYSE

Happy New Year! Here’s what you need to know for today:

  • It’s the first trading day of the year. Every personal trade and investment sold this year will count towards your 2017 tax filings. To learn how to pay taxes on your investments, read this.
  • There are no notable earnings calls until Thursday, where Monsanto and Constellation Brands will announce their quarterly financial earnings.
  • Bitcoin is worth $1018 as of this writing for the first time in three years. See our feature on Bitcoin to figure out how the currency actually works.

Here’s what we’re reading this morning:

The last of New York’s commodity trading pits are closing for good on Dec. 30” by Leslie Josephs, Quartz
All commodities trading is done online these days, but the Nymex pits are now a thing of the past. Here’s a brief history about this unique place.

iPhone manufacturer Foxconn plans to replace almost every human worker with robots” by Nick Statt, The Verge
Foxconn looks to a future of automation, but how will that impact the Chinese work force?