Whether it is lashing out on China for unfairly weakening its currency, or calling out “unfair” government subsidies on Canadian softwood lumber, it’s safe to say that re-opening discussions about foreign trade has become a key priority under President Trump.
Modern technology enables stock markets to be faster and more complex than ever.
But while the speed of order executions are infinitely more impressive across the board, the conceptual backbone behind the stock market itself hasn’t changed much. In fact, the model we use today for settling trades and ensuring proper share ownership is still based on the one initially created in the 17th Century.
Some banks are more active than others.
JP Morgan, at one end of the spectrum, only booked three fintech deals last year, which is the same as they did for 2015.
Companies like Barclays and Goldman Sachs have more of a shotgun approach: get in on as many fintech companies as possible. Barclays invested in 23 deals in 2016 for a 53% increase in activity, while Goldman got in on 17 deals for a 31% bump in activity.
The market for fintech, or financial technology software, was one of the hottest sectors in 2015.
The time is ripe for financial innovation: new technologies are helping end users skip past gatekeepers and intermediaries to customize their use of financial products. Meanwhile, many of the same technologies are also erasing the inefficiencies of banks and other financial institutions to cut costs in ways the industry never deemed possible. Lastly, innovations such as the blockchain are changing the way banks approach their most basic mechanisms – as a result, even the most fundamental practices in banking are evolving.
Imagine that the unthinkable has happened.
A massive asteroid impact triggers a “nuclear winter” effect, or one of the world’s most dangerous supervolcanos erupts. Maybe Donald Trump gets in an epic Twitter feud with Kim Jong-Un that initiates World War 3.
Either way, things are going sideways, and the fate of human civilization itself is at stake. Will everything be lost?
Investors know the NYSE as a home for the world’s most important blue chip stocks. Massive companies like Walmart, Berkshire Hathaway, Exxon Mobil, and Coca-Cola are listed on the exchange along with roughly 2,400 other companies, and together they add up to an astounding $20 trillion in value.
But how do other exchanges around the world, such as the ones in Toronto or London, compare to the famed NYSE?
Bill Gates once famously said that we systematically overestimate the change that will occur in two years, while underestimating the change that will come in the next ten.
The ongoing conversation about the death of legacy media definitely fits that mold.
In terms of economic potential and growth, Africa has never been more important on the world stage.
Africa is home to the fastest growing cities, and more than half of the world’s population growth will take place on the continent over the coming decades. By 2050, cities like Lagos and Kinshasa will be global megacities, each holding well over 30 million inhabitants.