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The Future Is Bumpy: High-Tech Hedge Fund Hits Limits of Robot Stock Picking

The Future Is Bumpy: High-Tech Hedge Fund Hits Limits of Robot Stock Picking

Voleon is among funds deploying machine learning, a technology in which computers develop trading strategies. It’s harder than it sounds, given that markets are noisy and clients often want a better understanding of how their money is being invested.

Published 6 months ago

Saudi Arabia Lifts Decades-Old Ban on Movie Theaters

Saudi Arabia Lifts Decades-Old Ban on Movie Theaters

Saudi Arabia lifted a decades-old ban on movie theaters in the kingdom, a move that opens the conservative kingdom to Hollywood-style entertainment.

Published 6 months ago

‘Shape of Water,’ ‘Big Little Lies’ Lead Golden Globes

‘Shape of Water,’ ‘Big Little Lies’ Lead Golden Globes

Guillermo del Toro’s Cold War-era fairytale “The Shape of Water” swam away with a leading seven nominations from the Golden Globes, while the HBO drama “Big Little Lies” led the television nominees with six nods.

Published 6 months ago

EU finance ministers warn US administration over tax bill

EU finance ministers warn US administration over tax bill

EU finance ministers have issued a warning to Donald Trump’s administration over its planned tax reform, saying it would “be at odds” with free-trade international rules because it risked being discriminatory towards foreign companies.

Published 1 second ago

Explosion Reported at New York’s Port Authority

Explosion Reported at New York’s Port Authority

New York Police Department is responding to reports of an explosion of unknown origin at 42nd Street and 8th Avenue in Manhattan

Published 6 months ago

Putin Declares Victory in Surprise Stopover in Syria

Putin Declares Victory in Surprise Stopover in Syria

Russian President Vladimir Putin paid a surprise visit to a military air base in Syria, marking a mission-accomplished moment for the leader months ahead of a presidential election.

Published 6 months ago

New York transport hub hit by explosion during rush hour

New York transport hub hit by explosion during rush hour

Fire department confirm at least one injury from incident around Port Authority bus terminal

Published 1 second ago

The dawning of the Pax Technica

The dawning of the Pax Technica

Published 1 second ago

VW chief questions merits of diesel subsidies

VW chief questions merits of diesel subsidies

Müller statement marks shift on technology German bosses have championed for decades

Published 1 second ago

Mobile-Wireless Market Might Be Our  Post Net-Neutrality World

Mobile-Wireless Market Might Be Our Post Net-Neutrality World

With rules governing internet services set to be rolled back, service providers and their detractors are envisioning new models that could translate into a wider range of fees—both lower and higher.

Published 6 months ago

HSBC set free from deferred US criminal charges

HSBC set free from deferred US criminal charges

Department of Justice decision lifts threat of criminal prosecution hanging over bank

Published 1 second ago

Small Investors Face Steeper Tax Bill Under Senate Proposal

Small Investors Face Steeper Tax Bill Under Senate Proposal

A little-discussed provision in the Senate tax bill may lead to a higher tax bill for millions of small investors and could cause many to unload stocks before year-end to avoid those costs.

Published 6 months ago

Emerging Markets Barrel Ahead Despite Tightening Fed

Emerging Markets Barrel Ahead Despite Tightening Fed

Emerging markets, long vulnerable to the whims of central banks in the developed world, now seem to be more Fed-proof than ever, as they are enjoying what some analysts call a “Goldilocks” moment.

Published 6 months ago

Retailers’ Latest Pricing Trick? Doing the Markdown Math for You

Retailers’ Latest Pricing Trick? Doing the Markdown Math for You

Department stores and other retailers have a gift or two for discount-weary holiday shoppers: they have been scaling back overlapping promotions and making price reductions easier for customers to understand.

Published 6 months ago