Economy - Finance > World

How A.I. Is Changing Virtually Every Business, from Commodities to Cosmetics

7 monthes ago   |   By Fortune

Airlines are using artificial intelligence to improve punctuality. Credit card companies are relying on it to root out fraud. Consumer brands are using it to shore up their supply chain, and to ward off risk in the volatile commodities market where a single corner-the-market trade by a hedge fund or a Trump tweet could send raw materials prices spiraling.
Company after company on Wednesday at World Summit A.I. in Amsterdam shared their initial forays into deploying A.I. to address some of their more persistently vexing issues.
“We use these systems to examine as many as 100 external data...
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Why I'm swapping my beloved Nordstrom Visa for the Chase Freedom card for holiday shopping

Why I'm swapping my beloved Nordstrom Visa for the Chase Freedom card for holiday shopping

7 monthes ago   |   By Business Insider

Store credit cards aren't always the best deal, but I love the Nordstrom card for benefits like early access to Nordstrom's Anniversary Sale and 3x points on purchases at the store.
I plan to do some holiday shopping at Nordstrom this year, and while I'd usually put this spending on the Nordstrom card to earn bonus points, I'm planning to use another card: the Chase Freedom .
The Chase Freedom offers 5% cash back on up to $1,500 in purchases on rotating bonus categories that you have to activate each quarter of the year. This quarter, one of the categories is department stores, including...
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Some colleges let you pay tuition with a credit card - here's how to determine if it's worth it, and what card to use if it is

Some colleges let you pay tuition with a credit card - here's how to determine if it's worth it, and what card to use if it is

7 monthes ago   |   By Business Insider

Paying college tuition with a rewards credit card can help you reach financial goals or earn points, but you need to be aware of the potential drawbacks, like high interest rates if you can't utilize a 0% intro APR offer.
It's less common for private schools to accept credit cards than public colleges, but there are 13 noteworthy private institutions that will let people pay with a card


.
Credit cards that offer high welcome bonuses, rewards for meeting spending thresholds, or introductory 0% APR periods can be great options for paying tuition. Some such cards include the Hilton Honors...
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Construction Spending Decreased in April

Construction Spending Decreased in April

From the Census Bureau reported that overall construction spending decreased in April: Construction spending during April 2020 was estimated at a seasonally adjusted annual... Read more ...

ISM Manufacturing index Increased to 43.1 in May

ISM Manufacturing index Increased to 43.1 in May

The ISM manufacturing index indicated contraction in May. The PMI was at 43.1% in May, up from 41.5% in April. The employment index was at 32.1%, up from 27.5% last month, and... Read more ...

'Embrace the coming crash': A notorious market bear who called the dot-com...

'Embrace the coming crash': A notorious market bear who called the dot-com bust warns big tech stocks are on the verge of succumbing to the economy's downturn

Societe Generale's Albert Edwards says tech stocks face a downfall similar to the dot-com bust he forewarned about in the late 1990s. While acknowledging their market... Read more ...

5 credit cards that let you redeem rewards as cash back toward your billing...

5 credit cards that let you redeem rewards as cash back toward your billing statement

An array of popular credit cards let you cash in your rewards for statement credits that reduce how much you owe on your card. This option can be a good one if you don't find... Read more ...

George Soros made 8 predictions about politics, financial markets, and...

George Soros made 8 predictions about politics, financial markets, and Facebook. Here's how they turned out

The billionaire investor George Soros is known for making a series of predictions across topics as diverse as social-media networks, the Chinese economy, and Iranian... Read more ...

The Coronavirus Economy: A private jet cabin host on what to expect when...

The Coronavirus Economy: A private jet cabin host on what to expect when flying during a pandemic

Subscribe to Fortune' s Outbreak newsletter for a daily roundup of stories on the coronavirus and its impact on global business. Fatiha Ouchan has been in aviation for almost... Read more ...

What to do if your coronavirus stimulus check is too big or too small

What to do if your coronavirus stimulus check is too big or too small

The IRS has sent out the majority of coronavirus stimulus checks to Americans who qualify. The size of your relief payment is dependent on the adjusted gross income listed on... Read more ...

Here are the best money market accounts right now

Here are the best money market accounts right now

CIT Bank : Best money market account overall CFG Bank : Best money market account APY Synchrony Bank : Best money market account for ease of access Capital One 360 : Best money... Read more ...

Saudi reserves plunge as kingdom struggles with Covid-19 pandemic &...

Saudi reserves plunge as kingdom struggles with Covid-19 pandemic & oil-market rout

Saudi Arabia's foreign reserves fell sharply in April, after it transferred 150 billion riyals to the sovereign-wealth fund to provide investment opportunities amid the... Read more ...

An IRA CD is a conservative investment account for people nearing retirement

An IRA CD is a conservative investment account for people nearing retirement

An IRA CD is a type of retirement account that invests your money in a certificate of deposit and locks in your rate of return for a set amount of time. Traditional, Roth, and... Read more ...