Risk-averse investors look at history and note the longest stretch of positive returns for the S&P 500 Index ended in 1999-2000 with a thud, when the market corrected by 40% or so. In other words, the probability of every coin flip is always 50%, even if the previous eight coin tosses came up heads.

The eurozone economy ended 2016 on a high note, as private sector activity expanded at the fastest pace in 67 months. Eurozone economic activity surged to its highest level in more than five and a half years last month, according to benchmark purchasing managers index data from IHS Markit, even as input costs and overall price pressures continued to mount.

Next shares fell dramatically in London Wednesday after the British clothing and home retailer warned that a “difficult” winter season will spill into 2017. Shares in the group fell 11.35% to change hands at at 4,220 pence each by at 8:40 GMT, extending the 52-week decline to 33%.

India will spend $10 billion annually on new power transmission lines to satisfy growing demand in under-served areas, according to the country’s largest private power-grid operator. The country lacks sufficient transmission infrastructure to link its increasing generation capacity to areas of burgeoning consumption, said Pratik Agarwal, chief executive officer at Sterlite Power Transmission Ltd. The central government may spend about $6 billion annually, with the rest coming from the nation’s states, he said.

Its shares dived 12% after it said sales fell 0.4% in the run-up to Christmas and added full-year profits would be at the low end of forecasts. The news hit shares in other retailers, with M&S down 4.4% and Primark owner Associated British Foods dropping 4.2%.

The Competition and Markets Authority said there were worries regarding competition over the Link ATM network, which is run by Vocalink. As a result, a merger would reduce the number of possible bidders the next time a service provider is chosen.

For Michael Preiss, whose firm oversees $1.9 billion mainly for wealthy Asian families, adding hedge funds to his clients’ portfolios was an easy sell some years ago. Not anymore.

Faraday Future staked its claim to the world’s fastest electric car with its FF91 production model, showing footage of it outracing Tesla Motors Inc.’s Model S in a glitzy event in Las Vegas. The startup electric-car maker backed by Chinese billionaire Jia Yueting is counting on its debut offering to drum up support from investors, many of whom had been invited to Vegas presentation.

For Michael Preiss, whose firm oversees $1.9 billion mainly for wealthy Asian families, adding hedge funds to his clients’ portfolios was an easy sell some years ago. Not anymore.

Faraday Future just debuted its first production model car – the FF 91 – at the 2017 Consumer Electronics Show. Faraday chose an interesting way to show off the car, having it back itself into a parking spot.

Futures for U.S. markets pointed higher late Tuesday as investors await the release Wednesday of the Federal Open Market Commission’s December meeting minutes. Investors want to know if the board expects economic stimulus along with tax reform and reduced regulation as part of a Trump presidency.

Note that CyberArk shares rose more than 22% in the two weeks following its strong third-quarter 2016 report in early November. Revenue climbed 37% year over year, to $55 million; this included a 34% increase in license revenue, to $33.3 million, and 42% growth in maintenance and services revenue, to $21.7 million.