Strangely, Uber’s exit from autonomous vehicles will hasten the self-driving car’s arrival. A manufacturer will gain several years of intensive research and vast amounts of data from the ATG.
That research and data will put a company several years ahead of the competition. A company with experience building autonomous vehicles; like Fiat Chrysler; can use that data to create a self-driving car.
Augur is designed to be the most ambitious blockchain predictions market yet. It intends to collect data from Political Forecasts, Event Hedging, Weather Prediction, and Company Forecasting.
Anybody can go into Augur’s Ethereum blockchain platform and create a prediction market. That’s where the weird markets about Betty White’s murder came from. A person can take odds on any event.
Such figures make the case for Alibaba as a growth and a value investment. China is becoming a middle class nation and Alibaba is its department store. Just as Sears was America’s department store in the 20th Century.
Upwardly mobile Chinese will buy the trappings of their middle class lifestyle from Alibaba. Just as upwardly mobile Americans religiously shopped at Sears in the 1960s and 1970s.
Despite the success of Amazon, Costco Wholesale (NASDAQ: COST) is still one of the most followed retailers around. Costco can
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Gold is one of the most interesting economic barometers around because its price is a good measure of the fear
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It looks as if the havoc being wreaked by the retail apocalypse is worse than we thought. This study also gives us a rough picture of the future of retail employment and it is not pretty.
There will be fewer jobs in fewer places in the future but they will pay more. That means more competition for fewer jobs between employees and communities.
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What’s even more frightening is that one bad earnings report from either Amazon or Google might trigger a market crash. Those companies are simply that huge and important to investors; that alone should have us asking if those behemoths are now too “big to fail.”
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Income inequality will lead to deep political divisions among senior citizens that will profoundly change voting patterns. These divisions will unfold along racial, regional and class lines and bring about a paradigm shift to the left in American politics.
A result of that will be high confiscatory taxes directed at affluent seniors and their retirement accounts. Expect to see many wealthy older people flee the United States to escape those taxes in the decades ahead.
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Yet it shows us that the anti-bank political climate in Washington might be good for Wall Street’s biggest investment bank. A great stock, Goldman Sachs might get better because of the new status quo in the nation’s capitol.
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The railroad is definitely overpriced at the $89.5 a share it was trading at on April 28, 2017. There’s nothing in the earnings report to justify that number.
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