Finance

Andrew Harrer | Bloomberg | Getty Images William Rhodes III, chief executive officer of AutoZone Inc., waits to begin a listening session with U.S. President Donald Trump, not pictured, Retail Industry Leaders Association, and member company chief executive officers in the Roosevelt Room of the White House in Washington, D.C. AutoZone’s Rhodes noted the changes
0 Comments
Economic growth should jump above 3 percent in 2018 thanks to the stimuli, the CBO said, but the acceleration will likely prove brief, and debt held by the public will soar to $28.7 trillion by the end of fiscal 2028. That could create a precarious situation for Congress if the economy faces an economic downturn
0 Comments
Microsoft has bought Semantic Machines, an artificial intelligence (AI) start-up, as it looks to boost its efforts in developing conversational AI. Berkeley, California-based Semantic’s approach to AI is using machine-learning to add context to conversations with chatbots. This means taking information received by the AI and applying it to future dialogue. The firm’s speech recognition
0 Comments
“The number one and two merchants we see in the Cash app are Walmart and McDonalds,” said Dorsey, who is also the CEO of Twitter. “This is everyday usage.” Nomura analyst Dan Dolev told CNBC the banking opportunity is “huge” for Square, and that likely isn’t priced to the stock. “Square could become a one-stop
0 Comments
Crypto trader Ran Neu-Ner told CNBC that the U.S. Securities and Exchange Commission needs to establish ICO (initial coin offerings) regulations — or risk stifling an entire American industry. “My fear is that the U.S.A. may actually be falling behind,” Neu-Ner said on “Fast Money” Thursday evening. Neu-Ner, who is host of CNBC Africa’s “Crypto
0 Comments
Investors have sent $1 billion into digital coin projects that flash warning signs for fraud, The Wall Street Journal reported Thursday, citing its own analysis. In a review of 1,450 digital coin offerings, the Journal said it found 271 bore red flags such as plagiarized documents or fake executive information. Investors have already claimed losses
0 Comments
“So it’s basically like an air bubble under the carpet,” he said. “Once you press down on one side of the carpet the air bubble moves to the other.” The situation surrounding terrorist financing is less of a concern, according to the report, which described Hong Kong as having a “medium-low” risk level. The report
0 Comments
This Thursday, the Verkhovna Rada (the parliament of Ukraine) is expected to consider a historic proposal to replace 25-year-old foreign exchange legislation with an entirely new law that will open our country to international investors and make it easier for Ukrainian businesses to operate globally. Technical though it may seem, liberalization of our arcane foreign
0 Comments
Market contradictions can be interesting, but irrelevant, or interesting and significant. The behavior of the Australian dollar is one of those contradictions. On the one hand the Australian market is making new 10 year highs. This is generally taken as a sign of economic strength. Its particularly important for Australia where the market has been
0 Comments
Former head of J.P. Morgan’s blockchain arm Amber Baldet has finally announced her next move. The former bank executive started a new blockchain company called Clovyr. “It’s a way to help people think differently about decentralized application design,” Baldet said Monday at the Consensus blockchain conference in New York. Baldet’s post-J.P. Morgan plans have been
0 Comments