Description: A hedge fund started by four young math wizards is using a branch of artificial intelligence, called “computer learning,” to make investment decisions. Rebellion Research’s four, 20-something-year-old partners explain how their computer program “thinks” up their strategy. Source: Marketwatch.com – video report Date: 07/13/2010 Link: http://www.marketwatch.com/video/asset/a-look-inside-a-hedge-fund-black-box-trading/BFAFFD06-F76B-4AF3-B2D1-577D3300F2AD Questions for discussion: What do you think of… Read more »
Posts Tagged: Understanding Accounting and Financial Statements (p522)
Gordon Ramsay Flees Kitchen as TV Fame Saves Restaurant Empire
Description: On a gray morning in October, Gordon Ramsay bursts into the kitchen of his south London house, pop music blaring from the radio. At the heart of the room stands a 67,000-pound ($109,000) French cooking range that weighs 2.5 tons and had to be lowered by crane into the celebrity chef’s home. Source: Bloomberg.com… Read more »
Credit card usury bill coming soon in House
Description: Several congressional Democrats said on Wednesday they plan to introduce legislation next week to cap credit card interest rates. Source: Reuters.com Date: 11/25/2009 Link: http://www.reuters.com/article/politicsNews/idUSTRE5AO4ZO20091125 Questions for discussion: What the arguments for and against regulating credit card interest rates? Do you believe rates should be regulated? Explain your answer. What are the likely consequences… Read more »
Exxon Mobil earnings plunge 68%
Description: Exxon Mobil reported a 68% decline in third-quarter earnings Thursday as oil and natural gas prices tumbled from last year’s highs. Source: CNNMoney.com Date: 10/29/2009 Link: http://money.cnn.com/2009/10/29/news/companies/exxon_mobil/index.htm?postversion=2009102912 Questions for discussion: Summarize the current financial situation for the firm. Do you think investors will punish the company stock? Explain your answer. How has the stock… Read more »
New highs, but now a big test.
Description: Goldman Sachs, Bank of America, Google, IBM and Intel are among the heavy-hitters due to open their books, giving the rally its first big challenge in weeks. Source: CNNMoney.com Date: 10/11/2009 Keys: Finance (p558), Economy (p66) Link: http://money.cnn.com/2009/10/11/markets/sunday_lookahead/index.htm?postversion=2009101107 Questions for discussion: Explain why financial information released this week by these firms will likely influence… Read more »
