Capital One and the Value in Finance

This demonstrates that Capital One’s business is growing but becoming less lucrative.

The company needs to do more to control expense and increase the more profitable aspects of its business. An obvious solution might be to find better ways to market credit cards; perhaps Samuel L. Jackson and Jennifer Garner’s salaries might be better spent elsewhere.

One obvious strategy would be increased investment in social media and more modern marketing. A potential solution might be sentiment based-social media marketing driven or directed by artificial intelligence.

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Is Discover Financial Making Money?

Although it is generating more cash, Discover reported a free cash flow of $1.494 billion on September 30, 2017. That was up from $1.271 billion in September 2016 and $1.116 billion in September 2015.

More importantly, cash from operations has grown dramatically at Discover. The company reported $4.876 billion in September 2017, up from $4.177 billion in September 2016. It also managed to make a lot of money from financing $4.276 billion in September 2017.

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MasterCard sees Value in the Blockchain

U.S. Patent Application 20170323294  for “a method for processing a guaranteed electronic transaction” specifically mentions the blockhain. Here is how it is described in the application:

“The present disclosure relates to the use of recorded guarantees for payment transactions for verification by acquiring institutions to facilitate instantaneous payment to a merchant involved in the payment transaction, specifically the use of a blockchain or other third party network for verification of a guarantee associated with the payment transaction.”

The applicant for the application; dated May 6, 2016, was MasterCard International Incorporated of Purchase, New York. Get the picture folks MasterCard is trying to create a blockchain-based solution for instantaneous payment.

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Uber Drivers are now Employees in the UK, IPO Predicted

Her Majesty’s government just reclassified Uber drivers from contractors to employees, The Guardian reported. The Employment Appeal Tribunal rejected Uber’s argument that drivers are not employees because they do not work fixed work schedules.

This upends Uber’s business model because it would require the company to provide all the generous benefits, employees are entitled to under British law. That includes union representation and the high taxes that support Britain’s welfare state. Uber has been leaching off the UK’s welfare state because its’ drivers enjoy benefits like free healthcare from the National Health without paying for them.

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An Interesting Speculative Play in Finance at BNY Mellon

Beyond the potential repatriations windfall, there is something else really fascinating about Bank of New York Mellon (BNY) – it is a potential cryptocurrency play. Mellon has been actively researching and experimenting with blockchain and altcoins; while finance industry leaders have been badmouthing them.
BNY Mellon is listed as one of the participants in the Ethereum Enterprise Alliance (EEA).
To add icing to the cake, BNY Mellon is also participating in the Linux Foundation’s Hyperledger Project.

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Singapore Limits number of Cars in City

Singapore is only the latest in a growing number of congested cities to try and restrict vehicles. London is planning a £10 ($13.17) charge for older vehicles, while Paris has banned many older vehicles completely, The Guardian reported

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Is AMD Making Money?

Those seeking a cheap means of investing in autonomous vehicles would be better served by Ford (NYSE: F) which as trading at $11.94 a share on September 25, 2017, but reported a net income of $3.803 billion and a free cash flow of $4.057 billion on June 30, 2017.

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Tesla to Add AI to Cars

“When I visit campuses and speak to the AI experts, there is a median year of 2050 where they think the self-learning capability of AI will be singular and will be at human-level intelligence,” Breyer said at Institutional Investor and CNBC’s Delivering Alpha conference on 20 September. “So, 2050? Does it happen? There are a lot of people who don’t think that is the case. It is median data from some of the best AI researchers in the world.”

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How Climate Change will Crash the Real Estate Market

The flight to higher ground will to lead to what Keenan calls “climate change gentrification.” That effect might be temporary because superstorms like Hurricane Irma and Hurricane Harvey might make cities like Miami unlivable ghost towns.

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Some Cool Things you can do with a Falling Dollar

American patriots might cringe at this collapse of the greenback, but there are many positive side effects. Shrewd investors can make a lot of money and have a lot of fun with a falling dollar.

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