Allstate faces an uncertain future because of a changing media and insurance landscape. A major challenge for the company in the years ahead will be maintaining brand recognition in a changing media environment.Read more
Square has the ability to dramatically increase the amount of cash flowing through the till but a hard time maintaining that cash from operations. The danger here is that cash flow is not steady, which makes it hard to generate flow, or keep the moneyRead more
All the companies and governments planning to harness AI will need something to develop it on, and NVIDIA is selling technology that creates the AI.
All of this points to a classic value investing strategy, do not buy the high-profile brand that puts the products before the public. Buy the company that makes the tools they use. In the AI revolution is that company because it makes the infrastructure AI needs to operate on.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.
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 reportedRead more
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.Read more