Artificial intelligence (AI) is already having a significant influence on everyday life, from Amazon’s Alexa learning which restaurants its users like, to Apple’s iPhone predicting the next word in a text message. What happens to economic growth if artificial intelligence starts generating… Read More ›
Ratcheting up the pressure on the world’s second-largest economy ahead of President Donald Trump’s visit to China next month, the U.S. has been disappointed this year at China’s lack of progress in pursuing market-oriented reforms, said a senior administration official…. Read More ›
Activity could improve in the longer term as the global crude market comes into balance, said the world’s top two oilfield service firms on Friday but warned that weakness in offshore exploration and slower producer spending may weigh on current-quarter… Read More ›
Traders of any European asset class would be forced to hand over personal identification such as passport numbers to every venue they trade on due to a seldom-discussed aspect of the looming MiFID II laws which is a potentially a recipe… Read More ›
This should be read in the context of Larry Fink, the CEO of Blackstone, the largest asset manager in the world, saying the warning signs of the U.S. economy are getting darker. In what is likely to be a bid… Read More ›
With the demand for legislation that would allow young, illegal immigrants a path to permanent residency, nearly two dozen major companies in technology and other industries are planning to launch a coalition, according to reports by the media. The documents… Read More ›
Despite healthy corporate earnings and economic growth, investors are concerned that steep valuations may mean a correction is overdue, on the 30th anniversary of the 1987 stock market crash, when U.S. stocks are at a record high. However, is a… Read More ›
The tax-cut strategy calls for a reduction of corporate taxes from its existing 35% down to 20%. In a significant development, U.S President Donald Trump’s push to overhaul the U.S. tax code cleared a significantly hurdle with the Senate approving… Read More ›
A meeting of the leaders of the European Union this week will focus on other simmering crises amid stalled Brexit negotiations instead of Britain’s march out of the block which was once heralded as a crucial moment in Britain’s history and… Read More ›
China’s campaign to curb financial risks over the past year have targeted property, overseas investments and shadow-banking products. But what is the next thing. What’s often called China’s giant ball of money back into stocks, which, despite steady gains, have… Read More ›
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