Month: October 2017

Among the countless situations autonomous cars must master before we see driverless vehicles giving us rides is a seemingly mundane one: Where do you pick up passengers? “Pickups can be one of the most stressful moments for passengers,” said Juliet Rothenberg who oversees rider experience for Waymo, formerly known as the Google self-driving car project.
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If you asked most businesses that sponsor a 401(k) plan whether they are obeying their fiduciary duties, they would likely respond in the affirmative. They have a brokerage firm, bank or insurance company that provides a list of options to invest in that includes bonds, hybrid options, stock-based investments, as well as a stable value
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There are an estimated 11.2 million widowed individuals across the nation, according to the U.S. census, most of them women. Those who are affluent often initially face one of two financial challenges: having too little cash or too much. The most common issue in having too little cash is lack of immediate access. Perhaps most
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Mastercard on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations. Here’s how the company did compared with what Wall Street expected: EPS: $1.34 vs. $1.23 expected by analysts surveyed by Thomson Reuters. Revenue: $3.4 billion vs. $3.28 billion expected in the Thomson Reuters survey. Share prices rose 1.8 percent in the premarket after
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As sports retailers like Under Armour fall under pressure from the brick-and-mortar slowdown, Columbia Sportswear’s President and CEO Tim Boyle told CNBC that his company’s key to success has come from standing out. “Nobody needs another brand of footwear or apparel. Regardless of how impactful our products are, it’s about being different and it’s about
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Check out the companies making headlines after the bell: Mondelez International‘s stock climbed nearly 5 percent in the extended session after the company posted higher-than-expected third quarter earnings. Shares of Voyager Therapeutics dropped 12 percent after hours. Sanofi said it would end a collaboration with Voyager to develop a Parkinson’s disease treatment. Shares of Allison
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Commercial airliners have advanced autopilot systems that fly the plane for most of its time off the ground. But most planes still need a pilot for takeoffs, landings, flying through extreme turbulence and for directing and monitoring the autopilot system throughout the flight. Similarly, shareholder yield-oriented portfolios can be managed with very low turnover because
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An online investment platform that allows Chinese investors to access a number of “alternative” U.S. investments officially launched Monday. Financial technology firm MarketX lets upper-middle class and institution Chinese investors to invest in tech firms that have not yet issued shares to the general public. These include such notable names as ride-hailing giant Lyft, music
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The consultancy group foresees retail funds, including exchange-traded funds (ETFs), to almost double by 2025 and growing investments in alternative areas, such as real estate and land, private equity and private debt. Asset managers will also be overseeing greater global retirement and pension funds, PwC said. Despite the optimistic future for wealth managers, PWC suggested
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He may be one of Wall Street’s biggest bears, but that doesn’t mean veteran market watcher David Rosenberg isn’t finding places to put money to work. Gluskin Sheff’s chief economist and strategist is just going halfway around the globe to do it. “The one part of the world which looks very good to me right
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Apple fans may be miffed about the supply chain delays hitting the much-anticipated new iPhone X, but Apple investors don’t have much to worry about, according to a Wall Street analyst. “It’s certainly better than the alternative,” meaning lower demand, Andy Hargreaves, an analyst at KeyBanc, told CNBC’s Power Lunch on Friday. Pre-orders for Apple’s
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