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Technology

Scary New “Hack” Targets Your Face

By Louis Basenese - Dec 13, 2017

Machine-learning algorithms are cleverly downloading faces from social media pages like Facebook… and then uploading those faces to unsavory videos. This is the latest example of technology moving faster than our moral ability to use it.

Stocks

Jail Time for Market’s Supervillain

By Louis Basenese - Dec 11, 2017

The U.S. District Court in Detroit just sentenced the Volkswagen executive who tried to cheat environmental regulations. Oliver Schmidt was sentenced to seven years in the clink and $400,000 in fines. Of course, trusting the ethics of a company becomes a risk we assume as investors...

Technology

Alarming Study About the Future of AI

By Louis Basenese - Dec 8, 2017

A new study by McKinsey & Co. indicates that — in a best-case scenario — one-third of the workforce in the U.S. will be replaced by AI after 2030. And robots are targeting one sector in particular: finance. Out of 300,000 jobs in asset management worldwide, 90,000 will be controlled by AI by 2025. Would you trust your money with a robot?

Stocks

100 Trillion Reasons to Be Nervous About Stocks

By Louis Basenese - Dec 7, 2017

One mystery trader just rolled over a massive volatility bet that could pay out $260 million if he’s right again. Can you blame him? He’s got seven-plus years of the bull trend on his side. Well, none of that means squat if you’re Goldman Sachs.

Technology

All Hail President Twump

By Louis Basenese - Dec 4, 2017

Perhaps instead he’s a public relations nightmare for the notorious social media giant.

Technology

Five Reasons to Doubt a Coming Techpocalypse

By Louis Basenese - Dec 1, 2017

Bitcoin to FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks, it’s become the talking heads’ favorite daytime activity to opine about their imminent collapse.

Investing

Winter is Coming for the Market’s Hottest Trade

By Louis Basenese - Nov 30, 2017

It’s a tough time to be a short seller in today’s stock market. Stocks only go up, right? At least that’s what the market is telling us…

Technology

2018: Tesla’s Final Year of Existence?

By Louis Basenese - Nov 29, 2017

According to one prominent insider, Tesla will never get to 2019. Why would a regarded automotive titan call Tesla a losing enterprise?

Investing

The Most Controversial IPO in History

By Louis Basenese - Nov 28, 2017

There’s a new IPO fever overtaking the markets. Is it all talk or is there something behind the mania?

Monetary Policy

Protect Your Stock Gains Against Tax Bill Flop

By Louis Basenese - Nov 27, 2017

If the new tax bill does not pass we could be facing a selloff, fortunately downside protection is in our scope.

Stocks

Who Loves Guns More than NRA?

By Louis Basenese - Nov 24, 2017

It’s a most perverse relationship. Every time a mass shooting occurs, gun stocks soar.

Economics

The Two Most Shocking Thanksgiving Statistics

By Louis Basenese - Nov 22, 2017

We’re less than 48 hours away from the most anticipated time of year – holiday shopping! And the stage is set to shatter sales records.