To get Millennials excited about investing, Wall Street is following their wish lists: It’s offering socially conscious “Clean and Green” funds, apps that let them buy stock with spare change, robot-driven portfolios and chatty, bite-size articles on handling money.read more
There is a saying that you don’t judge a stock by its market price. Many first-time investors make the mistake of evaluating a stock whether it is cheap or expensive by simply looking at the share price. For example, a stock may be perceived expensive when its share price is trading at over a thousand pesos per share while a stock may be considered cheap when it is selling at less than one peso per share only. Similarly, a stock may be considered a bargain when its share price has fallen by over 20 percent as compared to a stock seen as overpriced, whose share price has increased by the same percentage. The tendency to evaluate the worth of a stock based on share price alone can be risky because…read more
With high-volume transactional data, historical insights, accessible computer power and new analytic tools, few industries are better suited for using artificial intelligence and machine learning than banking. Yet, few organizations have fully leveraged the many ways machine learning can improve back office operations or the consumer experience.read more
GOLDMAN SACHS: ‘Machines have replaced humans’ — and their impact on the next financial crisis could be devastating
At a recent Goldman Sachs conference, Himmelberg noted that episodes such as the February sell-off had so far happened against the backdrop of a growing economy. Additionally, investors were always on standby to intervene by buying at lower prices.
But all this has bred complacency among investors, Himmelberg said. And, there could be a steep price to pay when, unlike now, there are more compelling reasons to sell stocks over buying.read more
SAN FRANCISCO (Reuters) – Facebook Inc said on Wednesday the personal information of up to 87 million users, mostly in the United States, may have been improperly shared with political consultancy Cambridge Analytica, up from a previous news media estimate of more than 50 million.read more