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Jail Time for Market’s Supervillain

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

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.

A Clever New Pyramid Scheme

A Clever New Pyramid Scheme

As Bitcoin pushes north of $11,000, bubble talk continues to pervade. The loudest Bitcoin detraction I’m hearing is quite clever, actually. It’s the idea that Bitcoin is a pyramid scheme. Let’s take a deeper dive...

Bitcoin Goes Mainstream on Dec. 18

Bitcoin Goes Mainstream on Dec. 18

Sooner or later, mainstream interest in Bitcoin and cryptocurrencies was bound to explode. What amazes me is how quickly awareness changed from ignorance and hatred to adoration and unbridled bullishness. Here’s why the next stage of growth should begin on Dec. 18.