Archive for April 7th, 2017

Maya Warren’s story is the plight of many working-class moms in America.

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All the experts seem to say the same thing: "If you want to save money, stop spending it."

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<p>High-tech revamp to British cash also has a hologram to try to defeat counterfeiters</p>

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Jim Cramer looked into the recent IPO of trucking company Schneider National to see how it could be affected by Trump.

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<p>The battered American retail industry took a few more lumps this week, with stores at both ends of the price spectrum preparing to close their doors.</p>

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<p>In Charlotte and other Southern cities, poor children have the lowest odds of making it to the top income bracket of kids anywhere in the country. Why?</p>

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<p>With both bad loans and interest rates on the rise, financial institutions are becoming more selective in doling out credit for new-car purchases, adding to the pressure for automakers already up against the wall with sliding sales, swelling inventories and a used-car glut. “We’ve been having a party for a few years and it was fun,” said Maryann Keller, an industry consultant in Stamford, Connecticut. “Now lenders are getting back to basics.”</p>

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A look at securities which have a lot riding on Trump's success at implementing his plans like tax reform and infrastructure show investors have doubts.

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Rising interest rates and inventory levels and tumbling used-car prices suggest the economy is on the road to trouble

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Unless you’ve been hiding under a rock, you will have noticed there’s a lot of heat around AI as an investment theme right now. Octopus’s recent announcement of a £120m dedicated AI fund is one of many recent events I could cite as evidence.

In that same announcement Octopus mention that they have had three AI exits (Swiftkey, Magic Pony and Evi) so this is not a new investment trend.

It is, however, a trend that is changing. Up until this point AI exits have largely been driven by a desire to acquire talent. Even Deep Mind’s $400m sale to Google in 2014 is, I think, best understood as an acqui-hire.

Going forward two things will be different. Firstly, universities have responded to the demand for AI PhDs. Hence talent will be less scarce going forward and acqui-hires will be less necessary.

Second, and perhaps more interesting, is that it’s becoming much easier and much cheaper to build AI driven products and we are seeing an explosion in the number of AI startups with a clear path to delivering value to their customers and making profits. There were, of course, numerous companies in the previous generation of AI startups that were on this path, just nothing like as many as we are seeing now and expect to see in the years ahead.

AI startups are becoming cheaper and easier to build, because many of the underlying technologies are now mature enough to apply predictably, and because of the declining cost of cloud computing – including many AI as a service products on AWS and Google Cloud.

I liken this development to the time when cloud computing first emerged around ten years ago. Resources that were previously the preserve of cash rich companies became available to anyone who could pull together a few grand and a thousand flowers bloomed. I think we will see something similar again now.



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The FDA approved the first-ever direct-to-consumer genetic testing for people’s personal risk of contracting ten potentially serious conditions including late-onset Alzheimer’s, Parkinson’s disease, celiac disease and a hereditary blood-clot condition called thrombophilia.

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The FDA approved the first-ever direct-to-consumer genetic testing for people’s personal risk of contracting ten potentially serious conditions including late-onset Alzheimer’s, Parkinson’s disease, celiac disease and a hereditary blood-clot condition called thrombophilia.

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<p>U.S. payroll gains slowed in March while the jobless rate unexpectedly dropped to the lowest in almost a decade, suggesting the labor market is returning to a more sustainable pace of progress.</p>

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If you had $90 billion to invest, how would you do it? For Dale Folwell, it’s a serious question.

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Are we in the middle of a retail apocalypse?

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