David Chimpz

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Steve Cohen bets $250 million on firm that uses algorithms

BOSTON (Reuters) - Billionaire investor Steven A. Cohen is committing $250 million to a Boston-based investment firm that lets scientists, developers and students submit computerized investment models and then picks the most promising ones to manage the money.<p>Quantopian, a hedge fund that makes …

Investing

DENT: The stock market will start to crash by February, if not sooner

We recently learned that existing home sales in November crashed 10.5% from the month before.<p>Guess when the last time was when we saw these levels? The housing crisis of the mid- to late-2000s!<p>I also recently shared a chart showing a cataclysmic 82% drop in the ratio of new home sales to the U.S. …

Stock Markets

Fannie and Freddie won't go away

Let’s face it: Fannie Mae and Freddie Mac are a national disgrace. There is no good reason why the nation with the most sophisticated financial …

Obama Administration

Thirty years of stock market crashes – and the signs they were coming

Is another stock market crash around the corner? We look back at the seven biggest crises of the past 30 years to hunt for clues<p>As the stock market struggles to recover from “Black Monday” in August, many investors are wondering how long it will be before the market regains the levels seen before …

These 12 startups died in Q2. Here’s why and how

We learned today that cleaning services startup Homejoy will be shutting down at the end of July. The company was facing funding challenges, and was plagued by four lawsuits over whether Homejoy workers should be classified as contractors or employees.<p>Lots of startups have similar stories. Couldn’t …

Surprising Countries Where Solar and Wind Are Booming

Renewable energy is taking off in both wealthy and developing economies.<p>Top five countries in net electricity generation from solar and wind<p>2005-2012, in billion kilowatt hours<p>SWIPE FOR MORE<p>1<p>2<p>3<p>4<p>5<p>United States<p>China<p>Germany<p>Spain<p>Italy<p>Top five countries in percentage of electricity generation from solar …

Facebook is working on a digital assistant named Moneypenny to help you find and buy products

But where Apple's Siri, Google Now, and Microsoft Cortana focus on productivity, Moneypenny is actually a way to ask real people for help researching and buying products and services.<p>Facebook is testing it internally, and that name — taken from Miss Moneypenny M's assistant in the James Bond series …

James Bond

Greece May Have To Sell Islands And Ruins Under Its Bailout Deal

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Europe

9 brilliant business books you can read in an afternoon

However, starting a new book can seem daunting and overly time-consuming. The good news is there are several short business books loaded with powerful information about selling, managing, and investing.<p>We compiled a list of the best business books with less than 150 pages that you can start and …

Books

8 Resources That Will Make You Smarter About Investing

But it's not like there aren't enough resources out there to help.<p>The problem is choosing which ones to use.<p>After weeding through numerous investing apps, podcasts, websites, and books, here are some of our favorite resources to help nearly any investor build their expertise.<p>It's not an exhaustive …

Investing

A Hedge Fund With $830 Million In Assets Went Bust After The Swiss Franc Surge

Citing a person familiar with the firm, Bloomberg said the fund had been betting that the Swiss franc would decline. The fund had about $830 million in assets at the end of 2014, according to a client report cited by Bloomberg.<p>It said an Everest spokesman would not comment on the fund and …

Economics

Books of the year 2014

The twenty-three books this scientist read this year, offered as a guide to the interested and the wary<p>It is New Year’s Day and I should be looking forward but I’ve been busy – and delayed by the flu – so I’m not yet done looking back. Listed below with potted reviews are the 23 books I read in …

Books

Fortune.com

• 1. To license Fortune articles, excerpts, or headlines for republication in various media (including books, eBooks, film, web, newsletters, …

Print Media

Here's How To Do Warren Buffett's Favorite Critical Thinking Exercise

While Buffett's brain is constantly working to crank through books, play bridge, and lobby Congress, the man is also deliberate about doing mental weightlifting.<p>Bill Gates — a close friend of the investor— recounted in a 1996 Fortune column an exercise Buffett liked to do in critical thinking.<p>It's …

Investing

This Startup Is Going To Revolutionize The Credit Card You Already Have In Your Wallet

Admittedly, the bank was doing something most do: trying to stay one step ahead of card thieves.<p>But what if there were a way to pair your card with your smartphone — implementing what is essentially two-factor authorization to purchases — to make sure it's always you handing the card over at a …

FinTech

Gastric banding treats diabetes in overweight people - Futurity

Gastric banding can play a vital role in treating type 2 diabetes in people who are overweight-not just those who are obese-according to new research.

A (Nearly) Complete Online Toolkit For Startups

By Alexis Caffrey5 minute Read<p>When you’re launching a startup, what’s the one thing you need? Initial funds? Organization? A plan? Well, yes–but also …

Project Management

The 11 Paint Colors That Will Be Hot Next

The most popular paint colors now.<p>We went straight to the source — the paint companies — to find out what's happening now. Find out the popular paint color trends before anyone else does.

Loop: The Future Of Mobile Payments Or A Temporary Fix?

Loop is a new mobile payments startup making some fairly big claims. The company says it has invented a technology that lets you pay with your phone at nearly any point-of-sale across the U.S., without requiring merchants to upgrade their hardware. Nor do you have to own a particular device, like …