As if professional mutual fund managers didn’t have it hard enough. Not only do they have to contend with the growing popularity of low-cost index funds, which simply buy and hold the entire market, but now here comes another threat: robot stock pickers. That’s right. The San Francisco firm EquBot has launched the first retail […]
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Petal, the startup credit card company that’s offering a no-fee credit line to people without a credit history, is now publicly available. Launched earlier this year by co-founders Jason Gross, Andrew Endicott, David Ehrich, and Jack Arenas, Petal has received a $34 million credit facility from Jeffries and Silicon Valley Bank to bring its consumer […]
Blockchain is touted as a technology that will revolutionize the finance sector. Slow transaction speeds and a lack of standardization threaten to restrict growth. Deloitte has highlighted five hurdles that the technology must overcome to hasten widespread adoption.
On Sept. 15, 2008, a credit crunch turned into a full-blown crisis when New York-based investment bank Lehman Brothers collapsed. The global recession that followed is still too fresh in many people’s memories to be considered history. But 10 years on, the state of the financial system suggests that the crisis has been relegated to […]
New Bankrate research shows that Actuarial Science is “the most valuable” major you can study in college out of 162 total, with a whopping average income of $108,658 to go along with an unemployment rate of only 2.3%. Wondering how the site arrived at these results? The methodology was multi-layered, but the company evaluated the […]
Internet search giant Google has added ethereum to its big data analytics platform BigQuery. Making the announcement in a blog post on Saturday, the company said that, while an API exists for commonly used functions such as checking transaction status or wallet balances, it’s not so easy to access all of the data stored […]
Wrapping one’s head around the craze that is, cryptocurrency can often be downright confusing. However, despite the influx of uncertainty, the digital commerce could become the global finance standard in the near future. For starters, cryptocurrency is any form of currency that only exists digitally or virtually, and “usually has no central issuing or regulating […]
Do you know what you’d do with a trillion dollars? Would you buy a fleet of private jets or dune buggies or maybe dine on gold-plated chicken wings ? Or would you just withdraw a huge pile of cash and burn it for fun ? Some sums of money are so large, they defy imagination: […]
Bills so pretty you’d never spend them. Industrial designer Andrey Avgust hails from Belarus, a country whose currency I admit I’ve never seen. But he’s seen our yankee dollars and recognizes that their design kind of stinks. For fun Avgust gave U.S. bills a redesign, starting with the material: Polymer.
Two years ago, the entire cryptoasset market had a value of $9 billion. Had it been a public company, it would barely have cracked the S&P 500 index. Fewer than two years later, the cryptoasset market is $300 billion in size, roughly double the market capitalization of RBC, Canada’s largest lender. The explosion (and recent […]