On Oct. 1, President Donald Trump once again took to Twitter to attack Kim Jong-un, saying that negotiating with the North Korean chairman is a waste of time. While social media mudslinging may not be the best way to deal with a hostile leader, there’s at least one group who may not mind Trump’s Twitter […]
Read moreFacebook is dispatching Sheryl Sandberg, its powerful chief operating officer, to Washington, D.C., this week, as the company attempts to contain the political fallout from revelations that Russian agents spread disinformation on the social network. The house call to the nation’s capital — confirmed to Recode on Tuesday by multiple source — comes as Facebook […]
Read moreThe debate between active and passive management may rage on for a long time. The reality, however, is that many investors own a little bit of both. Even passive investing’s biggest fans still believe that active management has its place in the right circumstances. But with so many actively managed funds and so many strategies, […]
Read moreCurrency, United States Finance
A.I. innovation is unlikely to come from a big bank, former Barclays CEO says
Big banks have no advantage over financial technology start-ups when it comes to artificial intelligence, a former Barclays chief executive has said. Antony Jenkins, who led the bank between 2012 and 2015, said that banks have a tendency to focus on mainframe data storage rather than seeking solutions on the cloud. “I think the biggest […]
Read moreThe most important strategic move for Amazon after its Whole Foods acquisition is not just cutting grocery prices, according to one top Wall Street firm. Credit Suisse reaffirmed its outperform rating and raised its price target for the e-commerce giant to the second highest on Wall Street citing Amazon’s ability to leverage its Whole Foods […]
Read moreJohnson & Johnson got its second upgrade this week from Wall Street after Jefferies raised its rating and called the health care company a “dividend machine.” Jefferies upgraded J&J to buy from hold on Wednesday and revised its price target higher, pointing to a strong, “under-modelled” pharmaceutical division that will continue to drive above-consensus revenue. […]
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RICHARD THALER has won the Nobel prize in economic sciences this year for his contributions to behavioural economics. It’s a well-deserved prize and a clarifying one, as far as economics is concerned. For a very long time, economists hoped to treat individuals a bit like particles in physics, whose activity can be described by a […]
Read moreA combination of geopolitical pressures could spark the end of the U.S. dollar as the world’s reserve currency, according to the head of FX strategy at Saxo Bank. In a quarterly outlook note titled “The world is turning its back on the almighty dollar,” John Hardy claimed the U.S. currency was “increasingly dysfunctional” and there […]
Read morePolygraphs have been the standard for deception detection ever since the technology was invented in 1921, but a Utah-based company called Converus claims to have come up with a faster, cheaper less invasive way to tell if someone is lying. The test is called EyeDetect. It uses a high-resolution infrared camera to track changes in […]
Read moreThe British government could ask internet giants like Facebook and Google to pay money towards measures to tackle cyber bullying and online abuse, proposals released Wednesday showed. The move is part of a broader package of measures proposed by the U.K. government in a green paper aimed at making the internet safer. While the green […]
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