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Monthly Archives: May 2018

The Fed is paying attention to spread of machine learning in finance

Joshua Roberts Randal Quarles, vice chairman of supervision at the Federal Reserve, at the NABE Economic Policy Conference in Washington, D.C., U.S. on Feb. 26, 2018. Federal Reserve vice chair for supervision Randal Quarles said the central bank is in the early stages of studying how the expanding use of …

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My mom taught me English a ‘random 10 words at a time’

Taiwanese-American billionaire Jensen Huang’s company is at the forefront of technological solutions for artificial intelligence, video gaming and autonomous cars. But the co-founder and CEO of Silicon Valley-based Nvidia, a maker of powerful computer chips, credits his parents for putting him on the road to success. “I’m the product of …

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Wall Street’s first analyst to cover bitcoin urges caution

Wall Street’s first analyst to cover bitcoin has a new recommendation for investors: Avoid it. Speaking with CNBC, DataTrek Research co-founder Nick Colas cited lackluster fundamentals surrounding what he calls the “FANG stock of the crypto world.” FANG, references Facebook, Amazon, Netflix and Alphabet’s Google, the highest flying and most …

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North Korea says denuclearization pledge not result of US-led sanctions

Korea Summit Press | Reuters South Korean President Moon Jae-in shakes hands with North Korean leader Kim Jong Un during their meeting at the Peace House at the truce village of Panmunjom inside the demilitarized zone separating the two Koreas, South Korea, April 27, 2018. North Korea said on Sunday …

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Rouhani says plans in place for any Trump decision

Iranian Presidency |Anadolu Agency | Getty Images President of Iran Hassan Rouhani addresses during the cabinet meeting in Tehran, Iran on December 31, 2017. President Hassan Rouhani said on Sunday Iran had plans to respond to any move by U.S. President Donald Trump on the 2015 nuclear agreement and the …

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Gold can get to 5 year highs if it can clear one technical hurdle

Gold just ended its third straight week in the red, as investors rediscovered their love for a different safe-haven asset: the U.S. dollar. The DXY dollar index ended Friday at $92.61 on Friday, its highest level of the year. The index has climbed by more than 1 percent in the …

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Facebook’s dating app could be very different from Tinder and Bumble

Getty Images Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California. Facebook is launching a dating feature inside its core app for users who are single — and it looks like the service will feature at least one main difference …

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U.S. and China will avoid an ‘extremely foolish’ trade war

Lacy O’Toole | CNBC Warren Buffet walks the floor at the 2018 Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE on May 5th, 2018. Warren Buffett predicts the U.S. and China will avoid a serious trade conflict. “I don’t think either country will dig themselves into something that precipitates and …

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Shareholders try to get as much Buffett and Munger as they can

Fred Imbert | CNBC Attendees arrive at the 2018 Annual Berkshire Hathaway Shareholder’s Meeting in Omaha, NE on May 4th, 2018. The two men have had several books written about their approach to investing. Over the years, investors have tried to apply those teachings into their own portfolios. Buffett turns …

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Berkshire Hathaway reports 48.7% first quarter operating gain as shareholders prepare to meet

Bennett Raglin | WireImage | Getty Images Warren Buffett attends ‘Becoming Warren Buffett’ World premiere at The Museum of Modern Art on January 19, 2017 in New York City. Berkshire Hathaway reported a 48.7 percent first quarter gain in operating earnings, to $5.3 billion, as its insurance underwriting business swung …

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