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Capital Report | June 01, 2020
While it is a cliche to observe that data is the gold of the 21st century, few have considered the role of processing in this metaphor: raw data must be processed to become precious.
At the scale of most businesses, the volume of data is too great for human...
SMBC Group | August 25, 2022
Sumitomo Mitsui Financial Group, Inc. (SMFG, President and Group CEO Jun Ohta, together with subsidiaries SMBC Group) announced today that it will strengthen its presence in the U.S. with a new digital consumer banking business. Jenius Bank™ will launch and operate as a new division of Manufacturers Bank, a California state-chartered bank that is a wholly-owned subsidiary of SMBC Group.
Jenius Bank will launch in the coming months with personal loans and then expand its offe...
Tesla | February 04, 2020
Tesla’s red-hot run reached new heights Tuesday, as shares surged past $900 in a rally that stunned Wall Street, a dramatic reversal of fortune from the electric vehicle manufacturer’s situation just eight months ago. Shares spiked more than 15 percent in morning trading, just after the automaker closed Monday up 20 percent at a record-high $780. Propelled by better-than-expected quarterly profits and car deliveries, Tesla now has a market cap of $140 billion — nearly three tim...
Reuters | February 03, 2020
U.S. stocks rallied on Monday, helped by gains in heavyweight technology shares and surprise strength in U.S. manufacturing activity, as stocks rebounded after a sharp selloff last week sparked by concerns about fallout from a virus out of China. U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, according to the Institute for Supply Management (ISM). The data helped stocks recover after the S&P 500 last week suffere...
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INVESTMENT MANAGEMENT, FINTECH
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