This commentary originally appeared on The Hill. As Facebook, Twitter, and Google executives continued to testify this week before the Senate and House intelligence committees about Russia’s use of online media to interfere in the 2016 election, they needed to demonstrate they understand the Kremlin’s penetration of U.S. social media is extensive, serious, and ongoing, […]
Read moreBillionaire Cliff Asness downplayed the potential of machine learning and artificial intelligence to revolutionize investing. “I’m a little bearish on the whole thing,” Asness said at the 2nd Annual Evidence-Based Investing conference in New York on Thursday. “Machine learning is basically a way to find more and more patterns. It can be used wisely.” Asness […]
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The Fed’s campaign to reduce its $4.4 trillion balance sheet is now taking effect and showing up in the data. Thursday’s Federal Reserve report on its portfolio holdings shows a near $6 billion decline in its holdings of Treasury securities. It’s the biggest outright weekly decline since 2012. It’s just the leading edge of more […]
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Today the much anticipated iPhone X went on sale, and Apple fans across the world clamored to get their hands on the 10th-anniversary version iPhone. This comes a day after Apple released its strong fourth-quarter earnings, which beat both Wall Street and revenue expectations due partly to sales of the new iPhone 8 and iPhone […]
Read moreNew England Patriots tight end Rob Gronkowski is throwing his weight behind a new augmented reality app that would allow users to send 3D holograms of customizable digital avatars. Mojiit is still a month from launch, but the app’s creator told CNBC’s “Squawk Alley” on Friday that the “virtual expression engine” is groundbreaking technology. “Apple […]
Read moreOne of the biggest beneficiaries under the Republican tax reform plan will be Apple, according to one Wall Street analyst. House Republicans revealed on Thursday their proposal to lower the corporate tax rate to 20 percent and for an one-time tax rate of 12 percent on cash holdings repatriated from overseas. Apple said in a […]
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As Apple shares soared to a new record after stellar earnings, Citigroup sees five more reasons why it believes the stock will trade even higher in the year to come. The company has had an amazing year thus far, adding 49 percent in stock value since January and launching one of the biggest upgrades to […]
Read moreThe Congressional spotlight shone on the Silicon Valley behemoths exposes one of the great weaknesses about Internet firms in the past two decades that has had little attention. Contrary to common sense, technology platform companies, including Facebook, Google, Twitter and hundreds of their peers, do not know—nor will they know in the future—all of the […]
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The only major Wall Street strategist with an official price forecast for bitcoin turned “cautious” as the digital currency soared above $7,000 to record highs. We are “cautious short-term on bitcoin,” Fundstrat co-founder Tom Lee said in a Thursday report. He said bitcoin has gained far more than fundamentals warrant right now. Fundstrat’s model for […]
Read moreWith so many apps out there, it’s hard to get noticed. “When you have over 2 million apps in the iOS app store, how you get your app downloaded verses other apps becomes important,” said Amir Ghodrati, the director of market insights for app market data and insights company App Annie. Developers have come up […]
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