AI is more than just another technology. It is a transformative force with the potential to redefine investment management. The industry’s most significant barrier to harnessing this power is the widening AI skills gap.
How Machine Learning Is Transforming Portfolio Optimization
Using machine learning algorithms in portfolio optimization is a growing trend that investors should pay attention to.
Asia-Pacific markets rebound from Wednesday’s sell-off; Nikkei slips after Japan pay data
In Japan, average monthly cash earnings in the country rose 3.6% year-on-year, a softer rise compared to the 4.5% climb seen in June.
Cathay Pacific confirms it expects A350s back in service within days after engine issue
The Hong Kong airline said 15 of the 48 Airbus A350s in its fleet were found to have engine fuel lines that required replacement.
Alibaba to allow payment through Tencent’s WeChat Pay for the first time on e-commerce apps
Alibaba’s shopping platforms Taobao and Tmall will accept Tencent’s WeChat Pay likely within this month, a source familiar with the matter told CNBC.
Chinese consumer companies have a ‘disproportionate’ advantage over Asian peers in winning the global market
Chinese brands turning to global markets for growth have a major advantage over the first wave of Asian businesses: a large ethnic Chinese diaspora.
Sweden’s Volvo Cars scraps plan to sell only electric vehicles by 2030
The announcement means Volvo Cars follows in the footsteps of other industry players in scaling back its EV ambitions.
British luxury icon Burberry dropped from UK’s FTSE 100 stock market index
British luxury fashion house Burberry Group dropped out of the U.K.’s FTSE 100 amid mounting pressure on the 168-year-old retailer.
Ukraine’s Foreign Minister Dmytro Kuleba resigns amid the country’s largest wartime cabinet shake-up
Dmytro Kuleba has represented Ukraine’s foreign interests throughout Kyiv’s battle against the invasion of neighboring Russia.
Robinhood lets Brits lend shares for extra income in bid to grow international footprint
Robinhood on Wednesday launched a new feature in the U.K. allowing users to lend out any stocks they own outright in their portfolio to interested borrowers.