European markets close higher to cap wild week

Stateside, Federal Reserve Chairman Jerome Powell said the U.S. economy was doing very well, shortly before the release of November employment data. Stocks traded lower on Friday as shares of major technology companies move lower while Wall Street parsed through the U.S. jobs report that missed expectations. The Dow Jones Industrial Average fell 200 points, while the S&P 500 dipped 0.7 percent. The Nasdaq Composite dropped 1 percent. Shares of Facebook, Amazon, Netflix and Google-parent Alphabet all traded lower. Apple’s stock also fell 1.5 percent after Morgan Stanley cut its price…

Madden Advisory Services Inc. Purchases New Stake in SPDR NYSE Technology ETF (NYSEARCA:XNTK)

Madden Advisory Services Inc. bought a new position in shares of SPDR NYSE Technology ETF (NYSEARCA:XNTK) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,536 shares of the company’s stock, valued at approximately $711,000. Madden Advisory Services Inc. owned approximately 0.07% of SPDR NYSE Technology ETF as of its most recent SEC filing. Other hedge funds have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. purchased a new position in SPDR NYSE Technology ETF…

5 Reasons Why More Organizations Will Adopt AI in 2019

Numerous experts predict that 2019 will be the year when an increasing number of organizations will bring artificial intelligence (AI) into their operations. Here are five reasons why. 1. Customer Service Chatbots Are Improving One common kind of AI that many people already know well is the chatbot. Research from IDC estimates that 40 percent of digital transformation initiatives will use AI in 2019, and if 2018 is any indication, much of the spending on such projects will go toward chatbots. The IDC study shows organizations spent $2.4 billion on…

Gold Gains Following Less Robust U.S. Jobs Report

What is arguably the most important U.S. economic report of the month, the Labor Department Employment Situation Report for November, saw the key non-farm jobs number come in at up 155,000, which was well below the consensus forecast of up 198,000. However, the October non-farm jobs number was revised significantly up from its initial reading, to mitigate today’s miss on the downside in the November report. Still, this report leans slightly in favor of the U.S. monetary policy doves who would prefer the Federal Reserve tighten money policy at a…

Traders Buy Shares of JPMorgan BetaBuilders Japan ETF (BBJP) on Weakness

Investors bought shares of JPMorgan BetaBuilders Japan ETF (BATS:BBJP) on weakness during trading on Thursday. $102.08 million flowed into the stock on the tick-up and $4.01 million flowed out of the stock on the tick-down, for a money net flow of $98.07 million into the stock. Of all equities tracked, JPMorgan BetaBuilders Japan ETF had the 17th highest net in-flow for the day. JPMorgan BetaBuilders Japan ETF traded down ($0.03) for the day and closed at $22.34 A number of institutional investors have recently added to or reduced their stakes…