Technology

Update: House Speaker Paul Ryan (R-WI) issued the following statement following Federal Communications Commission (FCC) Chairman Ajit Pai’s actions to undo net neutrality regulations:

Since the 2009 stock market lows, investors have looked to the Semiconductor sector for strong returns and market leadership.

Just check out the performance numbers vs the broader stock market: Semiconductor ETF (SMH) +494% vs  S&P 500 +262%.

With numbers that double those of the S&P 500, it’s fair to say that the Semiconductors have provided important leadership for this bull market.

The latest short film from Jonathan Roth discusses the advent of the blockchain, where it goes next and how the technology will impact every single human being on the planet.

Featuring investment powerhouses like Frank Giustra and Frank Holmes, as well as mathematician and finance entrepreneur Marco Streng:

The blockchain will disrupt nearly every industry from purchasing groceries to heating your home... everyone from banking to government is racing to develop the technology.

Watch the full movie:

Authored by Charles Hugh Smith via oftwominds.com

Whatever commoditized robots can produce is no longer profitable; rather, the production destroys capital.

Yesterday I discussed how robots only do work that's profitable, as any enterprise buying, programming and maintaining robots to do unprofitable work will soon be out of business.

Anyone keeping track can add Craigslist to the list of companies getting involved in Bitcoin mania, as the online marketplace recently began allowing sellers the ability to indicate that they will accept cryptocurrency when advertising goods or services through the online marketplace.