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The first ever fund managed by a robot is here. So far it’s beating the market

October 23rd, 2018 at 9:25 am » Comments Off

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 […]



Update: Petal’s no-fee credit card for the credit score-less is now open to the public

October 11th, 2018 at 1:42 am » Comments Off

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 […]



Five things that must happen for blockchain to see widespread adoption, according to Deloitte

October 10th, 2018 at 11:12 am » Comments Off

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.



Ten years after Lehman’s collapse, these ten risks could cause the next crisis

September 17th, 2018 at 9:48 am » Comments Off

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 […]



Survey: These college majors were just named most and least valuable

September 15th, 2018 at 10:48 am » Comments Off

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 […]



Google now provides a big data view of Etherium blockchain

September 4th, 2018 at 11:19 am » Comments Off

  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 […]



Will cryptocurrency replace national currency in the future?

August 26th, 2018 at 9:46 am » Comments Off

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 […]



Will we ever have trillionaires?

August 18th, 2018 at 10:05 am » Comments Off

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: […]



What would U.S money look like, given the proper attention of an industrial designer

August 13th, 2018 at 11:55 am » Comments Off

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.



Cryptocurrency is just one of seven types of cryptoassets you should know

July 26th, 2018 at 9:25 am » Comments Off

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 […]



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