Killing Costco and Saving Wine

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Killing Costco and Saving Wine

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.net. To contact the editor responsible for this story: Brooke Sample at bsample1@bloomberg.net. Before it's here, it's on
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Sam Riley

Artificial intelligence is on a fast track to peak-hype status. We hear millions of jobs are threatened, that accountants will be cast aside by armies of robots, and that customers' “machines” will do the heavy lifting that make up a good portion of billable hours today. Artificial intelligence 1m ago.
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Trump Says Dollar to Strengthen, Mnuchin 'Taken Out of Context'

On Thursday, after Trump's remarks aired, the Bloomberg dollar index traded little changed after earlier sliding as much as 0.8 percent. Trump said in general he preferred not to discuss currency matters. “It should be what it is,” Trump said. “It should also be based on the strength of the country.”.
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Bitcoin's About to Get Easier for Wall Street Pros to Trade

The company that developed one of the most popular pieces of trading software is about to make it easier for professionals to bet on cryptocurrencies such as Bitcoin. Trading Technologies International Inc., whose products let traders buy and sell on major exchanges, plans to add the cryptocurrency
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Climate Change Could Make Your Basement Uninsurable in the Next Decade

Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe's largest insurers said. “If you go much further to 2020, 2030, we can clearly say that at a scenario between 3 and 4 degrees, it's not insurable anymore
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