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Last week, Warren Buffett collected on a $1 million bet with Ted Seides, a hedge fund manager at Protégé Partners. In 2007, the famed investor and CEO of Berkshire Hathaway wagered that an...
Devastating, and expensive, the damage in Texas from Hurricane Harvey will fall mainly on the National Flood Insurance Program (NFIP) as I said last week. Catastrophe funding will also kick in for...
Airlines have been the butt of customer service jokes for years. Deservedly so. Now they’re fighting back, with software. This week, JetBlue announced a large investment in Gladly, a Silicon...
Major automakers are discovering the benefits of electric cars. And it is a really big deal. This week, Porsche announced that its “Mission E” electric concept led to a corporate epiphany....
Of all the companies that suffered during the housing crisis and Great Recession, mortgage insurers fared among the worst. Many fell by the wayside as the financial crisis bit hard, and losses...
Soon, you can manage your finances like a pro with the help of your very own personal digital assistant. This week Bank of America (BAC) unveiled Erica. The state-of-the-art chatbot comes...
Crazy-fast, next-generation wireless networks are coming, and they will change everything. Sure, we have heard this before. Experts promised big things from 2G, 3G and 4G LTE. But 5G, which is...
Most people are self-driving car skeptics. They just can’t imagine the cumbersome robot cars we see in the media today will ever become good or cheap enough for widespread use. A big hurdle is...
You may have heard the axiom “software is eating the world.” It’s the idea that digital efforts (i.e. streaming movies) are replacing physical things (i.e. movies in the theater). Google is...
U.S. shale oil producers need help. Saudi Arabia and other OPEC members want to drive the shale producers out of business. So, the OPEC cartel floods the market with cheap crude oil to keep...