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Business News

Location American Business News for 20 August 2016
Stephanie Pomboy: A Grim Outlook for the Economy, Stocks MacroMavens' founder says investors ignore data that proves the financial crisis changed everything.
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Robo-Advisors Risk Ruining Their Initial Appeal New and updated sites overlay too much quantitative material and choices on what was originally a simple, straightforward approach to savings.
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A Manifesto for Stockpickers

Barron's - 20 Aug 2016 10:46
A Manifesto for Stockpickers In the new book "Winning at Active Management" the authors explain why it's so hard to beat the index--and how to do it.
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Bank linked to 'Panapa Papers' hit with $180M laundering fine New York's top financial regulator slapped a "Panama Papers"-linked bank with a $180 million fine for anti-money laundering violations. Mega Bank, a $103 billion Taiwanese bank with one New York office, ignored the risks...
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Oil in bull market heads for biggest weekly gain since March Oil has climbed more than 20% since it dipped below $40 a barrel earlier in the month, meeting the common definition of a bull market
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2 Warren Buffett Favorites to Sell Now - and 1 to Buy This time, Warren Buffett actually IS losing his touch.
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Week Ahead: Yellen, GDP, Durable Goods Reports Could Help Liven Things Up A week that looks like it might start out slowly could end with some fireworks as key data and a speech by Fed Chair Janet Yellen loom large. Perhaps the new data and whatever Yellen says could bring some excitement to a...
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Hedge funds taking more risks to make up for slow returns Hedge funds are taking on more risk as they attempt to shake off years of sluggish returns. On average, hedge funds gained just 3 percent this year, trailing the benchmark S&P 500, which is up nearly 9 percent. This mark...
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John Wu a decade and a half ago arrived early at one of the world's most remarkable businesses in recent times: Alibaba Group. He joined as chief technology officer at a time when few outside of China had heard of t...
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IT now accounts for 4.6 million jobs -- and most of them are going to men The percentage of women in information technology peaked at 31 percent in 1990, then declined by about 6 percent over the past decade, a new Census Bureau analysis says.
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Western Sanctions Slam Into Russia, With No Relief In Sight Western sanctions against Russia's annexation of Crimea are still hitting Moscow hard, but the longest and hardest hit will be on Russia's future oil production and Moscow's ability to raise revenue.
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(Reuters) - JPMorgan Chase & Co on Friday said it will receive $645 million in a settlement of litigation with the Federal Deposit Insurance Corp and Deutsche Bank AG arising from its purchase of Washington Mutual Inc's ...
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3 Industries That Will Probably Create the First Trillionaire These are the top three industries if you want to be a trillionaire.
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Most restrictions on flights between the U.S. and Mexico will lift on Sunday, a change expected to bring more options and possibly lower prices for travelers. …
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A California foundation is giving Central Maine Community College a $1 million grant to help renovate and expand a lab located on its Auburn campus. …
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'They are hurting right now': The oil patch and has been decimated David McNew/Getty Images Oil prices have dropped over 20% since June. US crude-oil and gas inventories are at the highest seasonal level in at least two decades, and Saudi Arabia is keeping exports high. This global supp...
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The 10 biggest European tech stories this week

Venture Beat - 20 Aug 2016 10:44
The 10 biggest European tech stories this week This week, Tech.eu tracked 11 technology M&A transactions and 37 funding deals (totalling €159 million, about $1.8 million) in Europe, Turkey and Israel. Here's an overview of the 10 biggest European tech news items fo...
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Bots better smarten up ... fast

Venture Beat - 21 Aug 2016 00:45
Bots better smarten up ... fast GUEST: You can’t offend a bot. Most of them don’t have enough of a personality to be offended. Not only that, few of the bots available today are smart enough to debate with anyone. There are plenty of bot developmen...
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Why crowdfunding will fail in some countries

Venture Beat - 20 Aug 2016 23:55
Why crowdfunding will fail in some countries GUEST: Recently, I had a call with an eager government organization exploring how to start integrating securities-based crowdfunding into their financial markets. Unfortunately, I believe they are pursuing a strategy tha...
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VR: Bigger than reality, eventually (part 1)

Venture Beat - 20 Aug 2016 19:02
VR: Bigger than reality, eventually (part 1) GUEST: The day their son took his first steps, Mark Zuckerberg's parents did what most anyone would do in 1985: they wrote it down. Fast forward to when Zuckerberg's sister documented the first steps of her sons: she use...
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The Statutory Problem With IRS Firearms

Forbes - 20 Aug 2016 07:57
The Statutory Problem With IRS Firearms I never thought that there was any legal question about the authority of IRS criminal investigators to be armed. There are quite a few specialized federal law enforcement organizations.  Their officers have arrest power...
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The Week Ahead: Don't Worry This Bubble Market Turns Slowly The stock market recorded nice gains on Monday but then returned to its narrow trading range since it has not had a 1% move either up or down for the past month. The Spyder Trust (SPY) has been grinding higher as it is u...
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