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Rise of smaller rivals throws up fresh challenge to bitcoin

Rise of smaller rivals throws up fresh challenge to bitcoin

LONDON: Bitcoin's weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there's a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins. Collectively, "altcoins" are gaining ground on their bigger cousin. Individually, they are gaining traction among users, gathering communities…
How AI Technologies Help Banks and FinTech Startups

How AI Technologies Help Banks and FinTech Startups

The financial industry was one of the first to adopt and enjoy the benefits of artificial intelligence (AI). The annual budgets of large banks amount to billions of dollars, which is comparable to the state budgets of some developing countries. No surprise that banks and financial organizations will be the key drivers of AI R&D…
Nivea Revamp Boosts Sales at Beiersdorf

Nivea Revamp Boosts Sales at Beiersdorf

HAMBURG, Germany — German consumer goods firm Beiersdorf reported a recovery in sales of its Nivea skin cream and its premium La Prairie brand in the first quarter after a new chief executive pledged more investment to fight niche brands. Beiersdorf shares rose more than 3 percent after the group said on Tuesday that first-quarter…
Looking to Disrupt? A Digital Optimization Won’t Cut It

Looking to Disrupt? A Digital Optimization Won’t Cut It

Digital disruption is everywhere you look. Taxis are falling further behind Uber. Netflix went from disrupting the rental space to creating its own award-winning content. Airbnb doesn’t own any property, but it offers more listings than the top five hotel chains combined. These exciting innovations have organizations in all industries pursuing their own digital transformations.…
5 ways AI is revolutionizing how we handle money

5 ways AI is revolutionizing how we handle money

From the days when our ancestors exchanged bartered cattle for grain to the era of mobile banking, the finance and payments industry has evolved in parallel to technological advances in printing, construction, communications, and computers. There are plenty of reasons to believe artificial intelligence will spur the next revolution in the way we handle wealth…
4 Common Personal Finance Tips That Will Actually Fail You

4 Common Personal Finance Tips That Will Actually Fail You

Following these four tips could hurt your financial future. Find out why. When it comes to money, there's a lot of advice out there that's repeated over and over. While some of this advice is great, there are also situations where the conventional wisdom is wrong. Unfortunately, if you rely on myths to make important…
Democrats have just subpoenaed for Trump’s tax returns after weeks of defiance

Democrats have just subpoenaed for Trump’s tax returns after weeks of defiance

Democrats on the House Ways and Means Committee issued a subpoena for President Donald Trump's tax returns. Both the IRS and Treasury Secretary Steven Mnuchin have repeatedly refused to comply with the committee's demands for six years of Trump's taxes. Mnuchin wrote to House Ways and Means Committee Chairman Richard Neal that he is under…
Stock Market News: Twitter Flies Higher; Coke Is Still It

Stock Market News: Twitter Flies Higher; Coke Is Still It

Earnings lifted the broader market on Tuesday morning. Tuesday morning brought a strong start to the trading day on Wall Street, as investors were pleased with key earnings reports from some of the stock market's most influential companies. Favorable economic data also added to positive sentiment. Just after 11:30 a.m. EDT, the Dow Jones Industrial…
I started investing at the peak of the Great Recession, and 10 years later I’d tell anyone there’s no reason to fear the market

I started investing at the peak of the Great Recession, and 10 years later...

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.Why invest in the stock market? Because while past returns can't predict the future, history shows it's more dangerous…
What changed for D-Street while you were sleeping

What changed for D-Street while you were sleeping

NEW DELHI: China broke the deal and it’ll be paying. What should investors make out of these words from the US President Donald Trump on a day US-China talks are to resume on Thursday? Asian shares are down, and domestic indices are bracing up for the seventh day of consecutive fall.Let us check out the…