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Tech Giants Journey to White House to Aide in Government Technology Upgrade
Despite the “We Are Still In” Coalition and other public disagreements between the tech sector and President Trump’s administration, top executives made their way to D.C. on Monday to review a possible tech upgrade of government systems, reports The New York Times. Among the 18 big names and tech CEOs were Tim Cook (Apple), Jeff Bezos (Amazon), Satya Nadella (Microsoft)
Video: NexChange Talks Cybersecurity With First Look Media's Morgan Marquis-Boire
FinTech, Video
Andrew Work speaks to Morgan Marquis-Boire, senior researcher- University of Toronto, security director- First Look Media, was a speaker at the Emtech Hong Kong Event hosted by MIT Technology Review and Koelnmesse. His research on surveillance and cybersecurity along with digital targeting of activists and journalists has been featured in not just the media but also caught the attention of
Hong Kong and MIT Students Impress With Intensive Tech Entrepreneurship
Lifestyle
MIT’s new facility in Hong Kong, The Node, hosted the third MEMSI program. Students from MIT and Hong Kong universities forego sleep to invent a new product and business plan. One has already come to market. Obsessive parents, obsessive dancers, obsessive adult children, slouchers and amnesiac socialisers are on the hitlist of the millennial inventors from Hong Kong and MIT.
Jim Rogers Adds Another Fintech Company to His Portfolio
FinTech
Jim Rogers, the irascible co-founder of the Quantum Fund, has apparently invested in another fintech company. According to LiveMint, Rogers has invested an undisclosed amount in Korean robo-advisory firm Wealth & Liberty. This is Rogers’ second investment in a fintech startup – as we’ve previously reported, the global macro guru had invested in Chinese online brokerage Tiger Brokers. Little is
Hugh Hendry Loses on Le Pen Trade; Goes All in on Four Bets
Hedge Funds
There are certain alternative fund managers and derivatives analysts that take an unconventional look at the world. They express a desire for the deep understanding of risk, often looking at the ugly from the inside out. Eclectica Absolute Macro Fund manager Hugh Hendry, in an April letter to investorsreviewed by ValueWalk, looks back at the French election and sees the bigger
Advisors Find a Road Less Traveled in Fixed Income
Experienced investors know they can’t control what the market is going to offer. While it’s not unusual to find an asset manager targeting a specific return, actually achieving that goal is sometimes as much a matter of luck as skill. The simple fact is that no one, not the best stock picker or bond buyer in the world, can accurately
Elizabeth Warren Demands Entire Wells Fargo Board Be Swapped Out
In a letter sent to Federal Reserve Chair Janet Yellen, Massachusetts Democratic Senator Elizabeth Warren has called for all 12 of the Wells Fargo board members who oversaw the fake accounts scandal to be removed, reports CNBC. Warren has long been a critic of such unsavory financial practices, and her anger and actions are rooted in breath-taking statistics: Over 2
Blue Apron Raising $587M in its IPO For a Target Valuation of $3B
Blue Apron plans to raise about $587 million for its initial public offering that will value the company at $3 billion, as TechCrunch reports. The New York-based meal ingredient delivery service company will price its shares between $15-$17, according to TechCrunch. The 30 million shares offered as part of the IPO will be Class A common stock, carrying one vote
Morgan Stanley Sees Microsoft Resuming an Upward Trajectory
Morgan Stanley analyst Keith Weiss has grown even more bullish on Microsoft Corporation (NASDAQ: MSFT), reiterating an Overweight rating with a price target raised from $72 to $80. “Microsoft is back to showing durable double-digit EPS growth — and investors should be willing to pay a higher multiple for that growth,” said Weiss in a note. The analyst presented three
Amazon's Deal For Whole Foods Strips Rival Supermarkets of $22 Billion in Market Value
Since Amazon announced on Friday morning that it was acquiring Whole Foods, the trendy supermarket’s stock has exploded at the expense of its competitions, which lost roughly $21.7 billion of combined market value, Recode reports. Grocery giants Dollar General, Walmart, Target, Sprouts, Costco, Kroger and SuperValu lost a combined 6 percent of their aggregate market cap in one day, according