The encroachment of technology into the financial space may have many in the industry worried about getting displaced, but one group may not have to worry so much, according to a Nobel laureate. That is, wealth managers may be safe from total disruption from robo-advisors, according to Robert Merton, distinguished professor of finance at MIT […]
Read moreAmazon.com is cutting prices of products from third-party sellers on its website, moving beyond its more typical method of discounts on items it sells directly. The “discount provided by Amazon” applies to products including board games and technological gadgets offered by other merchants as the holiday season approaches. The retailer has been trying to compete […]
Read morePresident Donald Trump, charging “Japan has been winning” on trade in recent decades, said he would push for more reciprocal trade with Washington’s close U.S. ally — but in a friendly way. Trump was speaking in Tokyo on the second day of a 12-day Asian trip expected to be dominated by North Korea and trade. […]
Read moreMajor Asian indexes searched for direction on Monday as investors digested earnings reports and President Donald Trump’s tour of the region got underway. U.S. stocks had closed higher on Friday despite a mixed jobs report for October as markets focused on strong earnings. Japan’s Nikkei 225 rose 0.3 percent early in the session as markets […]
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