General World News

We got a look at billionaire investor Seth Klarman’s super-rare book that sells for thousands. Here are the predictions he nailed, and where he missed.

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Billionaire Baupost founder Seth Klarman has been one of the most-followed voices in investing for years. His 1991 book, “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor,” is considered by many to be the seminal text on value investing. It is out of print, and first editions of the book sell online […]

General World News

An Ivy League professor who nailed the financial crisis says another ‘colossal disaster’ is on the way — and warns of a 50% market crash

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Dave Collum, professor of organic chemistry at Cornell University, was able to sidestep the financial crisis after he noticed a calamity brewing in subprime mortgages as early as 2002. Today, he sees vast corporate excesses, massive debt loads, and extremely exuberant valuations as cause for concern. Collum warns of a 50% stock crash that would […]

General World News

These are the winning strategies for AI in banking

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Artificial intelligence (AI) applications are estimated to save banks $447 billion by 2023, and front- and middle-office AI improvements could represent more than 90% of these savings. Leveraging AI tools like chatbots, voice assistants, and personalized insights can transform the customer experience by enabling frictionless, 24/7 interactions. Additionally, in middle-office banking, AI can be used […]

General World News

A survey says 38% of drinkers won’t touch Corona because of epidemic fear. Corona says despite that ‘misinformation,’ sales are strong

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Marketing research firm YouGov estimates that Corona Extra beer’s image has taken a hit thanks to the coronavirus. For its part, the beer brand’s parent company disputes the idea that the epidemic is a major drain. “Sales of Corona remain strong and we appreciate the continued support of Corona drinkers,” a spokesperson for Constellation Brands […]

General World News

Experts suggest stocking up on your medicines to prepare for a coronavirus outbreak, but insurance restrictions could get in the way for now

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Experts are recommending people stock up on critical medications in order to prepare for a coronavirus outbreak in the US. But some consumers are worried that’s not possible since insurance companies put limits on how much of a medicine you can pick up at once. While insurance companies may ease restrictions during emergency situations, those […]

General World News

HFTP Announces Postponement of HITEC Europe 2020

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Hospitality Financial and Technology Professionals (HFTP®), the producers of HITEC®, announced today that HITEC Europe 2020 has been postponed in response to the global uncertainty related to the Novel Coronavirus and its immediate impact on the hospitality industry. read more >>> Source:: HotelNewsresource.Com

General World News

Hilton Okinawa Miyako Island Resort to Open in 2023

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Hilton (NYSE: HLT) this week announced that the company entered into a management agreement with Mitsubishi Estate Co., Ltd. scheduled to open Hilton Okinawa Miyako Island Resort in 2023. Constructed by Mitsubishi Estate and Kajima Corporation, this will be Hilton’s first property on Miyako Island, located approximately 300km southwest from Okinawa’s main island. read more […]

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Tesla slips 25% in one week as coronavirus weighs on its China operations (TSLA)

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Tesla has shed 25% this week through Thursday’s close as the coronavirus outbreak weighs on the broader market. On Thursday, Tesla slipped 13% when China vehicle registration data showed coronavirus has hurt demand, Bloomberg reported, citing China Automotive Information Net. There could be further pain ahead of China’s struggling automotive industry and Tesla, which had […]

General World News

Don’t get scammed: An investment chief overseeing $1.2 billion shares 3 ways to avoid financial fraud and a ‘lottery ticket mentality’ that can cost millions

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Ben Carlson, director of institutional asset management at $1.2 billion Ritholtz Wealth Management, is tired of seeing investors get swindled by clever sales techniques. He notes how a confluence of slick storytelling and inherent human biases leave investors susceptible to fraud. Carlson’s new book “Don’t Fall For It” aims to teach investors timeless business and […]

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We identified the 20 most powerful people in Bank of America’s equities division. Here’s our exclusive org chart.

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Business Insider is mapping out the power structure in the global banking and markets businesses overseen by Bank of America Merrill Lynch Chief Operating Officer Tom Montag — one of the most powerful executives on Wall Street. Of the three major investment-banking groups, equities is the smallest, accounting for $4.5 billion in revenue last year. […]

General World News

Republican officials are privately bracing for the possibility that a virus-hit US economy could hurt Trump in the election

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The White House has attempted in recent days to downplay the effects the novel coronavirus could have on US growth. But behind closed doors, Republican officials have started to worry a faltering economy could undermine President Donald Trump’s strongest case for re-election. “It’s a concern,” a Senate Republican aide who requested anonymity to discuss internal […]

General World News

Everything You Need to Know About Metasearch Advertising

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When done well, metasearch can be a hotel’s best friend. It’s a source of demand that can be more affordable than OTAs, more reliable than your brand.com and less costly than brand marketing. On the flipside, when done poorly, metasearch can waste money and reduce profitability. read more >>> Source:: HotelNewsresource.Com