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Should Automation Be Feared?

Does automation put people out of work?
Economists, politicians and union leaders have been asking this question for as long as I can remember. And it’s a legitimate concern.
Consider driverless vehicles.
In the last 16 years, since the first DARPA Grand Challenge was held in the Mojave Desert, the race to develop a fully autonomous vehicle has been on.
More than two dozen companies are working on it. The current leader is Alphabet’s Waymo, whose fleet of 600 vehicles has logged in more than 20 million miles. (Waymo stands for “a new way forward in mobility.”) And although we are not there yet, …read more […]

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Trump Tests Positive for Covid-19 After Close Aide Becomes Ill

(Bloomberg) — U.S. President Donald Trump said early Friday that he has tested positive for coronavirus along with his wife and one of his closest aides, throwing an already volatile campaign into deeper disarray just one month before the election.“Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!,” the president said on Twitter, hours after Bloomberg News reported that the adviser, Hope Hicks, had fallen ill with the virus.The election campaign against Democrat Joe Biden has focused heavily on Trump’s handling of the coronavirus, which has …read more […]

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Oil Drags Commodities Lower After Trump’s Positive Virus Test

(Bloomberg) — Oil and copper dropped while gold edged higher after President Donald Trump said that he tested positive for Covid-19 with just one month left until the U.S. presidential election.Brent crude slipped as much as 4.8%, slumping sharply for a second day. The global crude benchmark helped drag raw materials lower, with copper touching a seven-week low and crop futures falling. A Bloomberg gauge of commodity spot prices had already fallen about 4% from an early September peak amid a pickup in virus cases around the world, and Trump’s positive result fuels more uncertainty over the election.“The market will …read more […]

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Intel wins second phase of contract to help Pentagon develop chips

Under the project, Intel will help the military develop prototypes of chips using its semiconductor packaging technology at factories in Arizona and Oregon. The packaging technology allows pieces of chips called “chiplets” from different providers to be combined into one package, helping cram more features into a smaller finished product while lowering its power consumption. Intel declined to disclose a dollar figure for its portion of the contract, which is being overseen by the Naval Surface Warfare Center, Crane Division. …read more […]

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Position Sizing: What It Is and How It’s Done

Karim Rahemtulla, Co-Founder of The War Room, recently released a video on the importance of position sizing. And if you don’t know what position sizing is, don’t worry, you will by the time you finish the video.
Karim considers position sizing the most important concept in investing. Even more important than the concept of the limit order. You may think you understand position sizing, but there may be more to it than you know.
Check out the video below to get a full understanding of what position sizing is. If you can’t watch the video right now, just keep reading and I’ll …read more […]

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U.S. Index Futures Fall as Trump Tests Positive for Covid-19

(Bloomberg) — U.S. equity index futures fell after President Donald Trump announced that he and First Lady Melania Trump had tested positive for Covid-19, sparking a pull-back in riskier assets and sending the VIX higher.December contracts on the S&P 500 Index were trading 1.2% lower as of 8:50 a.m. in London after falling as much as 2% earlier. Futures on the Dow Jones Industrial Average were down 1.3% and those on the Nasdaq 100 Index down 1.6%. The VIX Index rose to 28.91, but remained below levels seen last week.In a memo released early Friday morning in the U.S., Trump’s …read more […]

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Market Watchers Warn of Deeper Selloff as Trump Tests Positive

(Bloomberg) — Investors are warning against higher volatility and a potentially deeper selloff in risk assets after the news of President Donald Trump and the First Lady testing positive for Covid-19 shattered the calm in global markets Friday.U.S. equity futures slumped as much as 2% and Asian stocks also declined following the announcement. The dollar and the yen climbed as the news stoked risk aversion. VIX October futures jumped almost 12%.“Markets hate uncertainty and this ticks all those boxes,” said Jeffrey Halley, senior market analyst for Asia Pacific with Oanda Corp. “Not because of the President alone, but because this …read more […]