Apple founder Steve Jobs is the son of a Syrian immigrant, Amazon CEO Jeff Bezos is a second generation Cuban immigrant, Google founder Sergey Brin was born in Russia, and Facebook co-founder Eduardo Saverin is a Brazilian native. More than half of the top American tech companies were founded by immigrants or the children of immigrants – (CNBC) “I think the data shows we’re a hospitable place for younger […]
Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Close to a billion dollars later, he tells his story for the first time.
He should literally not exist in a world which is normally distributed, being that many standard deviations above the average.
The CFTC would receive $249m, $1m less than its current budget and 12% less than the agency had requested.
Think of Kodak’s KodaKCoin, which will use blockchain technology to create an “encrypted, digital ledger of rights ownership” where photographers can simply and securely register their new and old work, and get paid automatically in KODAKCoin for any usage of their work.
A new breed of robo-retirement startups have positioned themselves to take on incumbents and the $27.3T of assets held in retirement accounts.
North American energy producers survived the recent oil bust in large part by selling more than $60 billion of new stock. Now they’re beginning to buy it back. Oil Producers Buying Back Shares After Years of Selling New Stock – (Wall Street Journal) 9.8bn of cash was ploughed into hedge funds last year after […]
24-year-old Chicago trader has been charged with fraud for allegedly stealing $2 million in bitcoin and another cryptocurrency from his employer to cover personal trading losses.
“The amount of money I was making was ludicrous, could take out my folks and even extended family to nice dinners and stuff,” he wrote. “Was planning to get a nice apartment and car or take my parents on a holiday, but now that’s all gone.”
“This generation of millennials, particularly younger millennials, seem to be adapting the savings habits a bit more rigorously, with a bit more discipline and a bit more intensity than even the older millennials and boomers,” he said. “We’re seeing their saving habits start earlier.”