Investing and Global Finance News

Category Archives: Economy

New Technology = New International Business Opportunities

In today’s world, the old saying “money talks” is truer than ever. But sometimes it really isn’t that easy to understand.

International business opportunities have long been hindered by language barriers. When people and platforms struggle to communicate, it is no surprise that they can’t do business with each other.

Thankfully, this problem is being solved more and more by machine-based translation programs that are becoming sophisticated enough to enable people around the world to communicate as if they spoke the same language. While translation programs are not (yet) being tracked by economists, they are showing tremendous potential to boost international trade.

E-commerce giant eBay, for example, knows too well that the internet is good at connecting buyers and sellers, but international expansion would be all but impossible if shoppers weren’t able to understand product listings from abroad. So they developed a system that allows shoppers to make search queries in their preferred language and receive translated product listings, while also taking into account the context of a customer’s request.

Sanjeev Katariya, an eBay vice president who focuses on artificial intelligence explains,

“anything that supports cross-border trade so that someone from outside the U.S. is capable of engaging in e-commerce is where the power of global trade lives.”

EBay’s inclusion of machine translation has grown the company’s Latin American exports by nearly 20%, according to researchers from the Massachusetts Institute of Technology, and illustrates the potential for increased commercial activity as translation technologies gain wider adoption in business.

NYC Companies Merge to create Wall Street’s largest woman- and minority-owned firm

The merger of the Siebert Cisneros Shank & Co. and the Williams Capital Group investment banks are merging to form Wall Street’s largest woman- and minority-owned firm. The new entity will be led by Chief Executive Suzanne Shank, who is describing the move as a merger of equals. Shank is the only African-American woman to run a… Continue Reading

New Jersey Gets Boost to Increase Small Business Exports

The New Jersey Office of Export Promotion announced that it has been awarded $900,000 in federal funds, for a program that supports small-business owners looking to export goods. This is the largest in the program’s history, from the U.S. Small Business Administration (SBA) through the State Trade Expansion Program (STEP). The program has assisted hundreds… Continue Reading

U.S. Companies Hiring More Experienced Finance Chiefs

Big companies are picking seasoned veterans for the most senior financial positions as they face challenges related to changing technologies, shifting consumer tastes, and economic outlooks. Corporate recruiters say the average age of CFOs has increased significantly this year: Finance chiefs at Fortune 500 and S&P 500 companies averaged 52.8 years in 2019. That’s five… Continue Reading

China’s Strategic Impact on Global Economics

China has “opened up” to the rest of the world.  This has “ushered in a new wave…particularly visible in the newly-released Catalogue of Industries for Encouraged Foreign Investment 2019 and the 2019 Negative Lists.” This was recognized at the 13th Summer Davos Forum as well as the recent (Japan-hosted) G-20 summit.  The “opening up” movement… Continue Reading

GDP and Public Wealth

According to a recent article put out in the IMF Blog:  “advanced economies have larger balance sheets compared to emerging markets and low-income developing countries. This reflects the size of their public sectors, which generally provide more infrastructure and services. But advanced economies also have larger liabilities and, on average, lower net worth.” So what… Continue Reading

Understanding America’s Public Debt

America’s debt is huge.  Standing at 22 trillion dollars, this figure is not doing anyone any favors.  Indeed, according to Research Assistant at the Catholic University  of America, Robert Warren, “we have a credit card now and our grandchildrens name is on the card and they will get the bill. They will have to pay… Continue Reading

The US: Business and Consumer Spending

One way to measure the success of the US economy is to review consumer spending.  While Q4 2018 business spending escalated to 2.6 percent, economists are concerned that Q1 2019 will not even grow at half that level due to “sluggish consumer spending” as well as the government shutdown. One of the reasons for the… Continue Reading

2019: Where to Invest

In this video, The Economist’s Capital Markets Editor John O’ Sullivan talks about where to invest in 2019.  He begins by talking about the not so positive 2018 year of stock investments and how this trend really began in 2009 with the bullish market. Continue Reading

Top 2019 Investments

As we come to the end of 2018 and complete our fiscal statements for the year, it’s a good time to start looking at possible investment options for next year. And with a quick scour of the net, one can find a variety of individual experts giving their personal preferences as to the best way forward.… Continue Reading