Dow Jones newswires sent several fake headlines shortly after the market opened for trading because of a “technical error.” The headlines included one that said Google was acquiring Apple for $9 billion. Here are some examples of the headlines: “DJ UPDATE: Google, Apple Join to Create Tech Giant”“DJ Google to buy Apple for $9 billion”“DJ […]
Read moreRenters think the housing market is finally loosening up, fueling a sudden optimism among homebuyers
All year, the overwhelming sentiment in the housing market has been frustration. Too few homes for sale drove prices sky high and led to fierce competition among buyers, especially at the entry level. So it was a little bit more than surprising to see a sudden burst of optimism among potential homebuyers in a monthly […]
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THE credit-card bill arrives. You have enough money in a savings account to pay it off—the sensible thing to do, arithmetically speaking, since the interest rate on the credit-card balance far exceeds that earned on the savings. Yet you leave the savings untouched, and pay only as much of the bill as your current-account balance […]
Read moreAs the stock market hit another record high Tuesday a top Wall Street firm is telling its clients the nine-year bull will continue for at least one more year…and with force. Credit Suisse forecasts the S&P 500 will rise 13 percent by year-end 2018 from Monday’s close, according to the firm’s latest market strategy report. […]
Read moreEnterprise tech start-up Petuum is on a quest to help businesses of any kind use artificial intelligence just like Google, Amazon, Facebook or Tesla. According to Petuum co-founder, CEO and chief scientist Eric Xing (a computer science professor now on sabbatical from Carnegie Mellon University), AI can power all kinds of products that benefit society, […]
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Today’s investors are inundated with a surplus of investing information, which can make it more difficult to successfully construct an investment portfolio. What’s more, each and every person looking to invest has his or her own set of individual needs that call for special consideration. “It’s important that investors understand their goals, tolerance for risk […]
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THE award of the Nobel economics prize to Richard Thaler is a reminder that economics has been struggling, in the past 30 years, to adapt its models to the real-life decision-making processes of actual humans. The problem applies as much in investment as anywhere else. One of the biggest problems is the tendency to assume […]
Read moreWells Fargo has upgraded more than 5,000 ATMs with new technology that allows customers to access their accounts — and take out cash — with a smartphone instead of a debit card. The move builds on an earlier one by Wells Fargo that allowed customers to access an ATM simply by generating a special code […]
Read moreRipple has signed up several new financial institutions to its blockchain network, bringing its clientele to more than 100. The financial technology start-up is the owner of XRP, the fifth most valuable cryptocurrency behind rivals bitcoin, ethereum, litecoin and bitcoin cash. Its distributed ledger network, RippleNet, has been joined by the likes of United Arab […]
Read moreShares of Tesla jumped Tuesday after Morgan Stanley’s Adam Jonas, a widely-followed analyst on Wall Street, raised his 12-month price forecast on the electric vehicle maker. General Motors recently announced plans to roll out a line of 20 all-electric vehicles over the next six years. Ambitious plans like these from traditional automakers have raised fears […]
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