Author: matt540

Wall Street’s stock market strategists have begun unveiling their targets for 2018, and the consensus is bullish. Credit Suisse, Deutsche Bank, UBS, and BMO Capital are among firms telling their clients to prepare for double-digit gains in the S&P 500 (^GSPC). The basic narrative: domestic and international economic growth will continue to boost earnings, while low interest rates will keep valuations high. In a note to...

21 November, 2017 /

NVIDIA NVDA +3.14% and Amazon.com AMZN +13.13% have announced new Machine Learning software stacks in the NVIDIA GPU Cloud (NGC), and a new 8 Volta GPU EC2 instance for immediate availability, respectively. While this announcement was completely expected, it is an important milestone along the road to simplifying and lowering the costs of Machine Learning development and deployment for AI...

30 October, 2017 /

According to the World Bank, there are two billion people globally who currently have no access to banking services. There are many reasons for this: they may not have built up enough traditional credit history, they may have bad credit because of poor financial choices in the past, or they may live in an area where access to credit and...

30 October, 2017 /

BlackRock Chairman and CEO Larry Fink said Tuesday investors should expect only a 4 percent investment return with a balanced portfolio of stocks and bonds. "We're talking about a balanced portfolio. We're talking about over a 10-year horizon," Fink said on CNBC's "Squawk Box." "Obviously, this year we are making far better because of the equity market return," he added, but warned some years could...

26 October, 2017 /

This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here. Fintech hubs — cities where startups, talent, and funding congregate — are proliferating globally in tandem with ongoing disruption in financial services. These hubs are all vying to become established fintech centers in their own right, and want to contribute...

01 October, 2017 /

Bad market timing and poor stock picking kept most investors from fully reaping the gains of the bull market last year. "The average investor held too much in cash, was too concentrated in stocks that didn't perform well and avoided financial stocks that rallied last year," said Hart Lambur, co-founder and CEO of Openfolio, a social network with more than 70,000...

18 July, 2017 /

A groundswell of concern is building on Wall Street that the U.S. stock market is in dangerously high territory. This week, the Nasdaq Composite hit a new high as the Dow Jones Industrial Average and S&P 500 remained in record territory — and they are up 28%, 18% and 16% respectively from a year ago. Meanwhile, the S&P 500 is...

02 May, 2017 /

Growth-style investing works best when you allow your biggest winners to run: They compound their returns over time and overcompensate for the losses from the laggards. But it also requires identifying the right companies at the right time and having a lot of patience. The process To help identify those big future winners, here are three qualities I always look for in...

06 January, 2017 /

WASHINGTON (AP) — Expecting a baby? Congratulations! Better put plenty of money in your savings account. The Department of Agriculture says the estimated cost of raising a child from birth through age 17 is $233,610, or as much as almost $14,000 annually. That's the average for a middle-income couple with two children. It's a bit more expensive in urban parts of...

03 January, 2017 /

There's a fire sale in the bond market, and the November jobs report could make it burn even hotter. The wild move came amid speculation that Friday's employment report could be better-than-expected and drive interest rates even higher. Interest rates surged Thursday, with the 10-year yield spiking as much as 12 basis points — or 0.12 percentage points — at its peak,...

30 November, 2016 /