Algorithms’ influence grows on Wall Street
Equity analysts, including Valerie Bogard of TABB Group, say that algorithms are rapidly taking over. It is the driving force behind the US stock market. With Bogard saying they may now be used in as […]
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Greece, EU closer to ending deadlock on bailout
Greece: EU and Greek negotiators said they are “close to common ground” on how to end a standoff over the next phase of the Greek bailout and release funds the country needs to make bond […]
Amazon reports sales banned by Iran sanctions
Amazon (NASDAQ:AMZN) may face penalties after disclosing that it may have violated American law by selling goods covered by U.S. sanctions. “We determined that, between January 2012 and December 2016, we processed and delivered orders […]
Snap founders reluctant to offer voting shares
According to a filing last week by Snap, the parent company of Snapchat, founders Evan Spiegel and Bobby Murphy pay their top executives well but also retain a tight grip on voting rights and therefore […]
Gold prices, bond yields may signal crash
As gold prices and bond yields continue to rise at the same time, a new report suggests trouble for equities. A study by Bank of America Merrill Lynch says conditions in the gold and bond […]
Chinese inflation rate beats expectations
The consumer inflation rate in China reached 2.5% in January. It is the highest level since May 2014, on the back of a global manufacturing recovery and price hikes in crude oil and other basic […]
European Commission upgrades economic outlook
The European Commission issued a cautiously optimistic economic outlook. It is raising its 2017 eurozone growth forecast to 1.6% from 1.5%. At the same time, Economic Affairs Commissioner Pierre Moscovici said Europe must be prepared […]
Ex-Goldman chief has key role shaping Trump’s policies
Gary Cohn, who resigned as president of Goldman Sachs to work for the Trump administration, is emerging as a powerful voice on economic policy in the White House. At a time when most of the […]
Harvard loses $2B on investments and expenditures
While Harvard University raised a record $1.2 billion in donations for fiscal 2016 — the highest of any US university — the haul was overshadowed by $2 billion in investment losses and expenditures. Statistics from […]
Google Releasing Android Wear 2.0
In addition to an updated Android Wear watch with various new features, Google is introducing (GOOG, GOOGL) collaboratively designed LG Watch Style and LG Watch Sport hardware. The update marks the most substantial refresh since […]