Venkatesh

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Here's a Central Bank That Can Live With Negative Inflation

Israel is experiencing one of the world’s longest streaks of negative inflation. Yet unlike central banks in Europe or Japan, which have lowered …

Economics

Warren Buffett might be repeating the worst mistake of his career

At the time, it had an accounting net worth of $22 million.<p>After analyzing the financial statements, Buffett concluded the company was worth way more.<p>In explaining why he bought it, Buffett said at the time: "We bought Berkshire Hathaway at a good price."<p>He kept pouring money into the business, …

Investing

Did the Fed Make a Huge Mistake by Raising Interest Rates?

As the Fed debates another increase, should it have done one in the first place?<p>Things seemed so clear in December, when the Federal Reserve raised …

Stock Markets

Negative interest rates are costing European banks a ton of money

And while the report was published a week before the ECB's decision, (published 02 March 2016) it still raises some interesting points. For example, when negative rates were first introduced back in late 2014, the annual cost to banks was around €0.2 billion, but this run rate has risen tenfold to …

Bank of America

Why the US Is Buying Up So Many UK Artificial Intelligence Companies

DeepMind, SwiftKey, VocalIQ—Does the UK need to worry about a brain drain in artificial intelligence?<p>Autonomy, DeepMind, SwiftKey, VocalIQ. Each are British artificial intelligence and machine learning startups bought by US tech giants—HP, Google, Microsoft, and Apple, respectively.<p>And they're …

Artificial Intelligence