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In Defense of Net Neutrality, Internet Pioneers Accuse FCC of Not Understanding Tech
FinTech
On Thursday, the FCC will vote to eliminate regulations that prohibit internet service providers from blocking, slowing, or speeding up the delivery of data based on business relationships they have with the content providers. Having failed to sway the agency to change course, opponents are making a last-ditch effort to save neutrality by asking Congress to intervene—at least delaying the vote
Warren Buffett Will Make an Extra $3B This Week Because That's What Happens When You're Warren Buffett
Capital Markets
Warren Buffett and Berkshire Hathaway will have a nice chunk of extra money to play with this week after Restaurant Brands International Inc., Burger King's parent company, is slated to redeem $3 billion in preferred shares on Tuesday, Bloomberg reports. Restaurant Brands used the money in its purchase of Tim Hortons back in 2014. The total purchase price was $11
Bitcoin Futures Rise on First Day of Trading; Platform Crashes From Heavy Traffic
FinTech
Bitcoin futures surged on the first day of trading for one of two highly anticipated exchanges, but heavy traffic caused the platform to experience temporary outages, as the Wall Street Journal reports. CBOE Global markets opened for trading on Sunday at 6 p.m. Eastern Standard Time, as the "bitcoin contract expiring in January opened at $15,000 and rose to $16,660
Why Tax Reform Benefits Tech ETFs
Capital Markets
The Technology Select Sector SPDR (NYSE: XLK) and other technology exchange-traded funds have recently slumped. A big reason why is an obvious sector rotation out of technology into financial services and other groups seen as beneficiaries of the Trump Administration's tax reform effort. Investors shouldn't be hasty in dismissing XLK and other technology ETFs as viable tax reform plays. One
Young People Are Really Over Capitalism
Last summer, two authors asked Fast Company readers a simple question: “Are you ready to consider that capitalism is the real problem?” For millennials, the answer seems to be increasingly yes. “A lot of young people don’t believe in it anymore,” Ana Garcia, a college junior, told the Wall Street Journal in a recent article on the topic. “We don’t trust capitalism
An App That Let's You Buy Cryptocurrency is the Most Downloaded Free App in Apple's U.S. Store
FinTech
An app that allows its users to buy cryptocurrency became the most downloaded free app in Apple's U.S. App store on Thursday, as TechCrunch reports. The app belongs to Coinbase - "arguably the world’s best-known exchange for converting fiat into crypto," according to TechCrunch. The app's rise to the top of Apple's list came as bitcoin surpassed $17,000 - and
Trump Says U.S. Could Increase Fines Against Wells Fargo
President Trump said in a tweet on Friday that the government may increase the penalties that Wells Fargo is facing over multiple banking scandals, confirming an earlier report from Reuters about the monetary punishment the San Francisco-based bank is facing. Reuters reported on Thursday that Mick Mulvaney, who is Trump's pick to lead the Consumer Financial Protection Bureau (CFPB), is
Tesla Developing its Own AI Chip; Analyst Says Chipmakers Could Gain Manufacturing Contracts
FinTech
What Happened Tesla Inc (NASDAQ: TSLA) CEO Elon Musk confirmed Thursday that the company was developing its own artificial intelligence chip for self-driving vehicles led by former Apple Inc. (NASDAQ: AAPL) and Advanced Micro Devices, Inc. (NASDAQ: AMD) engineer Jim Keller, according to Electrek. Investors on Twitter suggested the report could be “really bad” or “awful news” for NVIDIA Corporation
Google’s Lucy Werner at Hong Kong Fintech Week 2017
Video
Led by InvestHK and NexChange, Hong Kong Fintech Week 2017 gathered over 4,000 attendees and more than 300 speakers from around the globe. One of the speakers this year was Lucy Werner, Industry Leader at Google, who spoke about machine learning, how it applies to marketing, and how it – together with artificial intelligence – can be used in finance.
2017, the Acid Test for Active Bond Investing
Rick and Jacob examine why 2017 provides a seemingly unlikely source of evidence for the effectiveness of an active approach to fixed income. At first blush, late 2017 may seem to be a curious time to be writing about the advantages of active management in fixed income. For much of the past year, markets have felt incredibly quiet and there