Jail Time for Market’s Supervillain
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...
Alarming Study About the Future of AI
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?
100 Trillion Reasons to Be Nervous About Stocks
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.
All Hail President Twump
Perhaps instead he’s a public relations nightmare for the notorious social media giant.
Five Reasons to Doubt a Coming Techpocalypse
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.