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Trading Ideas

America: The World’s Greatest Engine of Innovation

“America is the greatest engine of innovation that has ever existed, and it can’t be duplicated anytime soon, because it is the product of a multitude of factors: extreme freedom of thought, an emphasis on independent thinking, a steady immigration of new minds, a risk-taking culture with no stigma attached to trying and failing, a noncorrupt bureaucracy, and financial markets and a venture capital system that are unrivaled at taking new ideas and turning them into global products.”

– Thomas L. Friedman
America is the most innovative place on earth.

And American companies have an unrivaled impact on the rest of the …read more […]

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Business News

SoftBank invests $2.25 billion in GM’s self-driving cars; shares soar

(Reuters) – Japan’s SoftBank Group Corp will invest $2.25 billion in General Motors Co’s autonomous vehicle unit, Cruise, the companies said on Thursday, announcing a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up 10 percent.

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