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Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market’s bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool’s gamble. That’s according to economist Mohamed El-Erian, who explained to CNBC’s “The Exchange” that a rate cut in July was likely but 50…


Microsoft: It would be cruel to stop government agencies using facial recognition software

Microsoft: It would be cruel to stop government agencies using facial recognition software

A top Microsoft executive has said that stopping government agencies from using facial recognition software would be “cruel in its humanitarian effect.” More than 85 human rights groups wrote to Microsoft, Amazon, and Google last month demanding they stop selling facial recognition software to the public sector, fearing it will lead to government surveillance. Business


UBS CEO Sergio Ermotti Basically Admits Equities Are A Ponzi Scheme

UBS CEO Sergio Ermotti Basically Admits Equities Are A Ponzi Scheme

Chief Executive Officer of UBS Sergio Ermotti attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 24, 2019. REUTERS/Arnd Wiegmann Speaking at a CNBC panel at the World Economic Forum in Davos, Sergio Ermotti, the chief executive officer of Swiss bank UBS said the massive December sell-off was the result of political…


‘UNPRECEDENTED DANGER’: Billionaire investor George Soros just went scorched earth on China during his annual Davos speech

‘UNPRECEDENTED DANGER’: Billionaire investor George Soros just went scorched earth on China during his annual Davos speech

George Soros, the billionaire investor and chairman of Soros Fund Management, delivered his annual speech at the World Economic Forum’s Annual Meeting in Davos, Switzerland. Soros absolutely unloaded on China and President Xi Jinping, warning the audience of the “unprecedented danger” the world faces at the hands of the emerging nation. Soros also doubled down…


China ‘absolutely necessary’ for Ontario Teachers’, CEO says

China ‘absolutely necessary’ for Ontario Teachers’, CEO says

Ontario Teachers’ Pension Plan has a long-term plan for China that’s unlikely to be derailed by political tensions, its chief executive officer said.“China’s a long game from our perspective and while there’s always skirmishes of one kind or another, in the short term, we believe that it’s absolutely necessary to be there,” Ron Mock said…


Via https://newsapi.org  online business  online marketing  online business opportunities SAP BrandVoice: 2019 Trends: The First Cloud Era Is Over, Now The Real Fun Begins

Via https://newsapi.org online business online marketing online business opportunities SAP BrandVoice: 2019 Trends: The First Cloud Era Is Over, Now The Real Fun Begins

Fast approaching its third decade of commercial availability, the internet and its offspring are hurtling us into the next era. Sure, we’ve had fun surfing the internet, sharing on social media and working from home. But much of these initial digital years have revolved around doing the same stuff, except it was online. Indicators from…


White House cancels US delegation trip to the World Economic Forum in Davos hours after throwing wrench into congressional trip to Afghanistan

White House cancels US delegation trip to the World Economic Forum in Davos hours after throwing wrench into congressional trip to Afghanistan

President Donald Trump waves as he boards Air Force One for travel to Switzerland to attend the World Economic Forum (WEF) annual meeting in Davos from Joint Base Andrews, Maryland, January 24, 2017. REUTERS/Carlos Barria President Donald Trump on Thursday canceled the US delegation’s annual trip to the World Economic Forum in Davos, Switzerland, “out…