DeepMind’s artificial intelligence astonishes fans to defeat human opponent and offers evidence computer software has mastered a major challenge. Google DeepMind’s AlphaGo program triumphed in its final game against South Korean Go grandmaster Lee Sedol to win the series 4-1,...
Our index of the climate for working women now includes paternity leave IT IS still common to see headlines announcing the first woman to occupy some important post or other. Asako Suzuki has just been appointed the first female board...
No. 1 carrier has $110 billion in debt and dividend obligation Move could create asset-backed market for phone payments Verizon Communications Inc., the largest U.S. wireless provider, may sell bonds backed by the payments its customers owe for financing phones....
The agreement is a victory for the country’s new president. For more than 14 years Elliott Management, the hedge fund led by Paul Singer, was the pantomime villain in Argentina’s dispute with its bondholders. Rather than accepting a big write-down,...
China may soon have a rust belt of its own. Chinese officials announced plans to lay off roughly 1.8 million workers in the coal and steel industries, as part of president Xi Jinping’s politically difficult effort to restructure the world’s...
Bank governor dismisses setting negative interest rates even in the event of an economic downturn. The Bank of England could cut interest rates to zero, but will seek to avoid following Sweden, Denmark and the eurozone by setting negative rates...
The U.S. dollar's retreat spells relief for multinationals. For a year and a half, the two most commonly cited headwinds facing blue-chip U.S. companies have been low oil prices and a soaring currency. While the first has yet to fully dissipate, foreign exchange...
Following another round of financial market turbulence, fed fund futures contracts don't see the Federal Reserve raising rates until at least February 2018 and in fact are pricing in a small likelihood of a rate cut. Diminished expectations for rates...
Global central banks have opened the door to negative U.S. interest rates, in Wall Street’s view. After the Bank of Japan cut some rates below zero last month to spur growth and inflation, strategists are weighing the Federal Reserve’s options...
China’s foreign-exchange reserves shrank to the smallest since 2012, indicating that the central bank sold dollars as the yuan’s retreat to a five-year low exacerbated depreciation pressure. The world’s largest currency hoard decreased by $99.5 billion in January to $3.23...
When speaking with a financial planner or investment professional not only is it important to know the right questions to ask, but it is also critical to know the “red flags” to look for. This video provides an overview of...
Married couples can often claim twice the retirement savings tax breaks of single people. Couples can also strategically save in their respective workplace retirement accounts to get the best possible employer contributions and investment options. Here's how to maximize the...
On February 1st, the day that Ted Cruz defeated Donald Trump in the Republican caucus in Iowa, Google’s parent company, Alphabet, won a contest of its own, vaulting past its longtime rival, Apple, to become the most valuable listed company...
In a surprise move, the Bank of Japan has introduced a negative interest rate. The benchmark rate of -0.1% means that commercial banks will be charged by the central bank for some deposits. It is designed to encourage them to...
It was once taboo to say that China could be a deflationary force, dragging the world into a slowdown as its own economy modernized. Serious economists and investors pooh-poohed the idea, saying that China's economy just didn't have that kind...
