Enterprise 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, […]
Read more
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 […]
Read more
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 […]
Read moreForeign stocks have had a fine year, up more than 20 percent in developed countries and 27 percent in the emerging markets, and more U.S.-based investors have gone along for the ride. But now analysts warn there are factors that can derail the bull run. They note that price-to-earning ratios on foreign stocks are back […]
Read moreA large Apple supplier is going to disappoint investors, according to a top Wall Street firm. Goldman Sachs lowered its rating for Jabil shares to sell from neutral, predicting the Apple supplier will report earnings below expectations in fiscal 2019. The firm is downgrading the shares “given what we view as overly optimistic Street expectations. […]
Read moreNorth Korean hackers are believed to have stolen a large amount of classified military documents, including a South Korean and U.S. plan to “decapitate” North Korea’s leadership, according to South Korean news agency Yonhap Tuesday who cited a statement by a ruling party lawmaker. The news agency said that Democratic Party Representative Lee Cheol-hee said […]
Read moreCheck out which companies are making headlines before the bell: Honeywell – Honeywell announced a planned spin-off of its Homes Products and Transportation Systems Businesses into two separate publicly traded companies. It expects those moves to be completed by the end of 2018. Pfizer – The drugmaker said it would consider strategic alternatives for its […]
Read more