Category: finance

Yahoo Finance – Stock Market Live, Quotes, Business & Finance News

May 1, 2020
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Bloomberg

(Bloomberg) — Tesla Inc. shares closed 10% below their intraday high after hedge fund manager David Einhorn publicly questioned Elon Musk again over the electric-car maker’s accounting practices.Einhorn, who five months ago told Musk he was “beginning to wonder whether your accounts receivable exist,” said Tesla had claimed in the past that its balance of money owed was elevated by sales being highly concentrated at the end of each quarter. The Greenlight Capital president questioned how that could have been the case at the end of March given the shutdowns that Musk, 48, excoriated on Wednesday.“Can you or Zack explain?” Einhorn, 51, wrote in a tweet to addressed to Musk and referring to Tesla’s chief financial officer, Zachary Kirkhorn. Einhorn also asked how the company’s automotive margins “barely budged” despite production disruptions, the cost of ramping up the new Model Y and other factors.Tesla shares closed down 2.3%

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How Artificial Intelligence (AI) Is Disrupting Financial Services

May 1, 2020
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With big data software companies and cloud providers using up a large amount of data, there has been a substantial increase in the practical application of AI.

Artificial intelligence is already being applied in a lot of fields to perform a specific task such as medical diagnosis, remote sensing, electronic trading and robot control.

Financial institutions have longed used an artificial neural network to detect system changes and abnormal claims while alerting and flagging them for human to investigate.

Many banks are making use of artificial intelligence systems to maintain book-keeping, organize operations, manage properties and invest in stock.

Artificial intelligent defined as a theory and development of computer systems to perform tasks normally associated with humans such as decision-making, visual perception, and speech recognition has been in existence for a long time.

With advancements in computational hardware, big data, and machine learning, artificial intelligence is becoming more powerful and … Read More

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The Smart Woman’s Guide to Planning for Retirement by Mary Hunt – Personal Finance Book Review

May 1, 2020
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Money maven, Mary Hunt, returns with a new book, “The Smart Woman’s Guide to Planning for Retirement,” to help women prosper financially in the New Year and beyond. While geared toward females, men can also benefit from Hunt’s money knowledge, honed after she amassed over $100,000 in debt earlier in life; and took 13 years to erase.

“Have you had a retirement wake-up call?” Hunt asks early in the book. “I can promise you they intensify with age.”

Hunt sites a 2012 survey that found that 92 percent of women of all ages do not feel educated enough to reach their retirement savings goals.

Saving for retirement requires determination and hard work; and Hunt believes women can succeed. “If we lack confidence, it’s because we lack knowledge and desire, certainly not because we lack intelligence and ability,” Hunt says.

Time trumps all factors when saving for retirement. The sooner you … Read More

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Solve Your Funding Needs With Short Term Finance Solutions

May 1, 2020
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Everyone who owns a company knows how difficult it can be to find yourself in a problematic situation when you need some financing, but just cannot find it anywhere. Whether you have some last minute debts that you need to cover or you do not have enough capital to pay the salaries of your employees, in business there are many situations when you need to access a short term loan in order to cover some urgent financial matters. Short term loans can have a deadline ranging from one week to one year, so depending on your company’s needs, you should be able to find proper financing. The benefits of accessing short term finance are that the interests can be much lower and you will be able to complete your financial tasks sooner.

There are many specialized institutions that offer mortgage finance and loans, so any business owner should call and … Read More

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