The global stock market had a very different look 145 years ago than it does today. Continue reading… “Global stocks comparison, 1899 and 2014”
Futurist Thomas Frey: A few weeks ago, Stephen Hawking opened the world’s eyes to the dangers of Artificial Intelligence (AI), warning that it has the potential of outsmarting humans in the financial markets. But few people realize that we are already in imminent danger of this happening.
Machines for High Frequency Trading (HFT)
On April 23 at 1:07 pm, a hijacked AP Twitter account falsely reported an attack on the White House. Just seconds later, major US stock indexes started to fall. They were down 1 percent by the time the tweet was publicly identified as bogus three minutes later. And in another three minutes, the markets had recovered to pre-tweet levels.
Years ago Dell computers used to be pretty cool. But the company that was started by the youngest CEO to every sit atop the Fortune 500, Michael Dell, is as outdated and out of place in today’s world as the old CRT monitor in the back of my parents’ garage.
Futurist Thomas Frey: When you buy a stock, you place a bet on how that stock will perform in the future. In a perfect world, where market insiders and manipulators are removed from the equation, the market is a terrific tool for determining the true value of companies being invested in.
Groupon, Facebook, and LinkedIn investor Marc Andreessen.
Hewlett-Packard announced this week that it is exploring jettisoning its struggling PC business in favor of investing more heavily in software, where it sees better potential for growth. Google plans to buy up the cellphone handset maker Motorola Mobility. Hewlett-Packard and Google’s moves surprised the tech world. Marc Andreessen (board member at Hewlett-Parckard) explains why software is eating the world.
Many Americans are focused on bargains and careful to spend money only when they need.
Financial fears of most Americans seem to be adding to the nation’s economic woes. The recession. The financial crisis. The housing crisis. The persistently high unemployment rate. And now, the debt debacle. No wonder American’s feel uncertain about the U.S. economy.
The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. According to an analysis of new Census data, the recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics.
There is a correlation between the stock market and public mood.
The general mood among Twitter users can predict the rise and fall of the stock market almost a week in advance, a new study has found. A computer scientist in the US has discovered that the correlation between the Dow Jones and the collective public mood was almost 90 per cent accurate.
Small investors pulling money from mutual funds.
Renewed economic uncertainty is testing Americans’ generation-long love affair with the stock market.
Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year, according to the Investment Company Institute, the mutual fund industry trade group. Now many are choosing investments they deem safer, like bonds.
“Greece may just be an early warning signal,” said Byron Wien, a Wall Street strategist.
The fear that began in Athens, raced through Europe and finally shook the stock market in the United States is now affecting the broader global economy, from the ability of Asian corporations to raise money to the outlook for money-market funds where American savers park their cash.
One year after the collapse of Lehman Brothers, Americans are still feeling the effects of the credit crisis that roiled the financial system and crashed the stock market. Many are searching for jobs, recalibrating their investments or quietly licking their wounds. In many cases, their story comes down to a number. And, in many cases, it’s lower than it used to be.