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What will it look like when the robots run Wall Street? We mapped out the automation to offer a sense of how new tech will affect traders. If you want to know who is already reshaping the world, look to the secretive Japanese company whose robots are making everything.—Katie Robertson

 

prepare to adapt

Wall Street is entering a new era. The fraternity of bond jockeys, derivatives mavens and stock pickers who have long personified the industry are giving way to algorithms, and soon, artificial intelligence. Firms are rolling out machine-learning software to suggest bets, set prices and craft hedges.

 
Here are today's top stories...
 

Trump creates fresh doubt over the deal to shore up Obamacare. The president tweeted on Wednesday that he won’t support “bailing out” insurance companies that have profited from the health-care legislation. As soon as the bipartisan deal was announced on Tuesday, the Trump administration was sending conflicting signals about the pact.

 

Treasury Secretary Steve Mnuchin says it’s “very hard not to give tax cuts to the wealthy.” Mnuchin told Politico the Republican tax plan would include breaks for wealthy Americans, a rhetorical reversal that contradicts Trump’s promises that the rich won’t enjoy a net tax cut. Senate Democrats are likely to force a floor vote this week on whether a bill could repeal the state and local deduction, a divisive piece of the GOP plan.

 

The U.S. economy picked up steam with only modest inflation from September through early October, as some companies expected a tight labor market would exacerbate hurricane rebuilding efforts, the Federal Reserve’s Beige Book shows. The report offered a possible explanation as to why there isn’t higher inflation: Companies are reluctant to pass on the higher costs of attracting and retaining workers to their customers.

 

The Billionaires’ Row penthouse foreclosure auction is back on. Unit 79 at Manhattan’s ultra-luxury One57 tower, purchased in 2014 for $50.9 million, is set to be sold on Nov. 8, after an auction scheduled for July was delayed. The owners are shell companies linked to Kolawole Akanni Aluko, a Nigerian businessman accused by the U.S. of receiving contracts with his country’s state-owned oil company after bribing a government official.

 

How lawyers protect the Harvey Weinstein in your workplace. Many companies try to use nondisclosure agreements and other contracts to protect the employer from legal consequences for workplace harassment and, whether that is the intention or not, to keep criminal behavior out of the public eye and the courts. Legal scholars are now asking if settlements backed by NDAs are protecting criminal activity.

 
 
 

carve it up

Now’s the time to book your annual winter holiday. We rounded up six of the most exciting ski resorts for the 2017-18 season and broke them down into recommendations based on your personality. If you’re having a hard time making up your mind, take our quiz to figure out the right resort for you.

 
 

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