New AI meets risk and profit objectives for complex financial portfolios
Researchers have developed and demonstrated an artificial intelligence (AI) program that allows them to achieve specific investment risk and return objectives for large-scale portfolios containing hundreds of assets. “We wanted to know if we could use machine learning to improve the Sharpe ratio to get better insight into what to buy, sell or hold in your portfolio to improve your portfolio’s performance over 6- to 12-month periods,” he says . Mehmet Caner, co-author of an article on the work. “This work shows that we can.” Caner is the Thurman-Raytheon Distinguished Professor of Economics at NC State’s Poole College of Management….
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Taiwan security officials want Foxconn to drop its stake in the chipmaker
Taiwanese national security officials want to force Apple supplier Foxconn to scrap an $800 million investment in Chinese chip firm Tsinghua Unigroup as Taipei seeks to align itself more closely with the US in the face of escalation of Beijing’s threats. The investment by Foxconn, the world’s largest contract electronics maker and China’s largest private sector employer, was announced last month and made the group Tsinghua’s second-largest shareholder. But the deal put one of Taiwan’s biggest companies at the center of Beijing’s growing technology competition with the West. “This is definitely not going to happen,” said a senior Taiwanese government…
Read More »African football will launch a new league amid huge financial losses
Confederation of African Football president Patrice Motsepe is set to launch a new 24-club super league that aims to revolutionize African football and become its richest competition, despite his organization posting a loss of almost Sh50 million of dollars last year. Motsepe said at the start of CAF’s general assembly in Arusha, Tanzania, on Wednesday that the new league will offer $100 million in prize money, five times more than the current African Champions League, and that each club in the inaugural season of cross- The continent’s competition would receive $2.5 million at the outset to help finance its preparations…
Read More »The German economic situation is deteriorating – FinMin Lindner
Finance Minister Christian Lindner attends a press conference to present key points of the planned legislation to offset high inflation in Berlin, Germany August 10, 2022. REUTERS/Lisi Niesner Register now for FREE, unlimited access to Reuters.com Sign up BERLIN, Aug 10 (Reuters) – The economic situation in Germany, Europe’s largest economy, is deteriorating and the outlook is fragile, Finance Minister Christian Lindner said on Wednesday, defending his plans to raise income tax thresholds in response to rising inflation. “The economic outlook for our country has become fragile,” Lindner told reporters in Berlin. “The economy is deteriorating.” Register now for FREE,…
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Financial services firms in the UK are suffering from a record skills shortage
UK financial firms are struggling with their worst job vacancy rates on record, underscoring skills shortages caused by the digitization of banking, investment and insurance. The industry had more than five unfilled vacancies for every 100 jobs between April and June 2022, according to data compiled by the Office for National Statistics. It’s the highest since records began in 2001 and puts the sector behind only hospitality and technology companies. A skills gap created by the fact that more companies are going digital and requiring employees to have new skills, added to the challenges of the labor market, with people…
Read More »Administrator Samantha Power meeting with German Federal Minister for Economic Cooperation and Development Svenja Schulze | Press release
The following is attributable to Acting Speaker Shejal Pulivarti: Today, Administrator Samantha Power met with Svenja Schulze, Germany’s Federal Minister for Economic Cooperation and Development, to discuss the seventh replenishment of the Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund ), as well as the global food security crisis. Administrator Power expressed his appreciation for Germany’s tremendous leadership and financial support in global health, including emergency response needs for COVID-19 and strong support for global health security . He relayed that the United States joins Germany in recognizing the essential role that Global Fund investments play in getting…
Read More »Why healthcare is currently the best sector in the market
Michael Brush is a MarketWatch columnist. At the time of publication, I had no position in any of the securities mentioned here. Brush has suggested Seagen, Merck, BioMarin, Biogen, Bristol-Myers Squibb and Zimmer Biomet in his newsletter, Brush Up on Stocks You are tempted to increase your exposure to stocks because of market strength. But you are still shy because of the painful sale. Also, you worry about a recession. what should you do Buy healthcare stocks. They have a lot of defensive characteristics that help them outperform in recessions and at the end of business cycles. But they also…
Read More »Corporate America angry at Biden’s economic package
Taiwanese national security officials want to force Apple supplier Foxconn to write off an $800 million investment in a Chinese chip company, and the American company is furious over President Joe Biden’s economic package. Plus, we have a military update on the war in Ukraine and how tennis legend Serena Williams plans to spend her retirement. Mentioned in this podcast: Taiwan security officials want Foxconn to drop its stake in the chipmaker Corporate America angry over Biden’s climate and tax package Serena Williams will retire from tennis after the US Open The FT News Briefing is produced by Fiona Symon,…
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