News 

SmartNews app reaches 10 million monthly users as it counters fake news

“SmartNews said it has reached more than 10 million monthly active users in the U.S. and Japan for its news discovery experience that is curated by machine language and trusted journalism sources” writes Dean Takahashi for venturebeat.com. The company was founded in June 2012 in Japan, and it launched in October 2014 in the U.S. To date, the company has raised $88.3 million.Then it analyzes a variety of proprietary signals beyond false signals like likes and clicks.And it uses machine learning to apply political balancing algorithms to ensure multiple viewpoints…

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News Regulators 

Goodbye inverted yield curve? Fed looks for alternative signals to guide policy

“In the run up to previous downturns, the Fed has jacked interest rates to restrictive levels as it sought to temper inflation” reports businessinsider.com. The hunt for new signals has gained urgency with the flattening of the long-term yield curve since the Fed began raising interest rates in late 2015.A more timely take on recession risk could arguably provide a sort of proxy for neutral.It is a tricky exercise that pits standard views about the importance of longer term yield curves as signs of recession risk against new variations that…

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To Make Sense Of The Present, Our Brains May Predict The Future

“At present, the vast majority of artificial intelligence research does not involve predictive coding, instead focusing on other kinds of algorithms” writes Jordana Cepelewicz for quantamagazine.org. These prediction errors, researchers say, help animals update their future expectations and drive decision-making.Enter predictive coding theory, which offers specific formulations of how brains can be Bayesian.And it remains to be seen whether similar experiments can substantiate claims for predictive coding in higher cognitive processes.At the very least, introducing predictive coding into artificial systems could significantly improve the intelligence of those machines. Source: quantamagazine.org Share…

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Gold edges higher, but lingers near 6-month trough 

“Spot gold was up 0.1 percent at $1,253.20 an ounce, as of 0127 GMT. In the prior session, it touched $1,250.30, its lowest since mid-December” reports cnbc.com. Gold prices inched up on Thursday, but hovered close to an over six-month low hit in the previous session, as the dollar failed to build on overnight gains amid conflicting signals from Washington while the U.S.-China trade row deepened.U.S. gold futures were down 0.1 percent at $1,254.60 an ounce. Source: cnbc.com Share This:

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The ‘Jurassic World’ effect: How the dinosaur franchise’s overseas dominance signals a new era

“Overseas revenue jumped 18 percent since 2013, powered by Asia, which has gone from $11.1 billion in receipts to $16 billion over this time period” writes Steven Zeitchik Covers for washingtonpost.com. So a “Jurassic World” and perhaps plenty more franchise films to come may see a much bigger chunk of their revenue come from international box office. Source: washingtonpost.com Share This:

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News Regulators 

ECB official signals no rate hike until October 2019 at the earliest

“European Central Bank officials could start to discuss raising short-term interest rates in fall 2019, a top ECB policy maker said Monday, according to a report in The Wall Street Journal” writes London Bureau Chief for marketwatch.com. “I think from the current perspective, maybe we can think about the possibility to discuss further steps in autumn [next year], but as I said, discuss,” said Vitas Vasiliauskas, who sits on the ECB’s rate-setting committee as head of Lithuania’s central bank, in an interview. His comments suggest it could be the end…

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News Oil 

UK signals changes on medicinal cannabis use after epileptic boy’s case

“His condition improved after the medicinal cannabis oil was handed back and on Monday he was discharged from hospital” writes Midwest Communications Inc for 95kqds.com. Interior minister Sajid Javid used an exceptional power on Saturday to release medicinal cannabis oil that had been taken from Billy Caldwell, 12, by customs officials at London’s Heathrow Airport.Billy Caldwell had been receiving medicinal cannabis oil on prescription by his family doctor for more than a year, but supplies ran out after the interior ministry ordered the doctor to stop prescribing it. Source: 95kqds.com Share…

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Unilever signals unlikely to stay in FTSE after Dutch move

“LONDON (Reuters) – Consumer goods group Unilever said it is “extremely unlikely” to stay in Britain’s blue-chip FTSE 100 index after ending its dual-headed structure and moving its headquarters to the Netherlands” writes Midwest Communications Inc for 95kqds.com. Speaking at a conference on Thursday hosted by Deutsche Bank, Chief Financial Officer Graeme Pitkethly said that after deep engagement with FTSE Russell, the company’s shares were unlikely to be listed in the UK index.He said he expects they will likely have increased weighting in the EuroStoxx index instead. Source: 95kqds.com Share This:

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Verizon CEO pick signals a focus on technology, not big deals

“The move ends months of speculation over who takes over at the largest U.S. wireless carrier in the midst of a tumultuous year” writes Scott Moritz for seattletimes.com. The move will take effect Aug. 1, ending months of speculation over who takes over at the largest U.S. wireless carrier in the midst of a tumultuous year.Vestberg has been running Verizon’s newly formed network and technology unit, and his promotion is a sign of the direction the company is taking. Source: seattletimes.com Share This:

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