Elon Musk has sounded the alarm over the risks of machine learning and artificial intelligence for some time now. The billionaire said in July that developments in robotics would “certainly” result in disruption in the job market. Musk warned that transport-related jobs would be the first to go as a result of vehicles going autonomous. […]
Read moreIt feels like anything but a summer vacation for Wall Street lately. The S&P 500 and the Dow Jones industrial average ended their second-worst week of the year on Friday. The Nasdaq composite fell for the third straight week, marking its longest weekly losing streak since June 2016. Investors and traders were rattled by rising […]
Read moreChina is set to report industrial production for the month of July on Monday at 10 a.m. SIN/HK as market watchers keep their eyes on the health of the the world’s second-largest economy. Analysts were expecting a rise of 7.2 percent against a 7.6 percent expansion in June for the country’s value-added industrial output. China […]
Read moreHackers have released more unaired episodes of popular HBO shows but the latest leak did notinclude anything on the hit series “Game of Thrones,” the Associated Press reported on Sunday. The hackers, who broke into HBO’s computer network and have released stolen information for several weeks, provided more unaired episodes, including the popular show “Curb […]
Read moreJapan’s economy expanded at an annualized rate of 4.0 percent in April-June, posting a sixth straight quarter of expansion led by private consumption and capital expenditure, government data showed on Monday. That marked the fastest pace of growth since January-March 2015. The preliminary reading for second-quarter gross domestic product (GDP) compared with a median estimate […]
Read moreThe greenback began the week on the back foot after a disappointment in U.S. July consumer price index numbers Friday as investors in Asia geared up for the release of a barrage of China data on Monday. July U.S. consumer prices were weaker than expected, rising just 0.1 percent compared to the month before, Reuters […]
Read moreIndia’s consumer inflation is expected to have picked up in July after easing for three straight months, with food prices back on the rise, but is expected to remain well below the central bank’s target. The consumer price index, the main policy target of the Reserve Bank of India (RBI), likely rose 1.87 percent in […]
Read moreBill Perkins of energy hedge fund Skylar Capital says the natural gas market could soon rev up. With American exports of natural gas on the rise, while infrastructure “isn’t coming on fast enough,” Perkins makes the point that “we actually have a very tight market now.” “Right now we have the demand-side infrastructure — that […]
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You can use Apple‘s Siri voice assistant to send money using your iPhone. This morning, for example, I needed to send my friend money for the upcoming fantasy football season. I was getting out of the car and, instead of fumbling with Venmo to enter in his name and the amount I owed him, I […]
Read moreAfter pioneering the technology behind marijuana delivery service Eaze, Roie Edery and Aleksey Klempner began looking for other industries that were “ripe for a technological disruption” — and they kept coming back to food trucks. The food truck industry is a lucrative niche, with revenue growing at an annual rate of 7.9 percent from 2011-2016, […]
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