Stocks and Economic News 120 -- IBM’s Watson Gets Wall Street Job After ‘Jeopardy’ Win

IBM’s Watson Gets Wall Street Job After ‘Jeopardy’ Win

International Business Machines Corp. (IBM)’s Watson computer, which beat champions of the quiz show “Jeopardy!” a year ago, will soon be advising Wall Street on risks, portfolios and clients.
Citigroup Inc. (C), the third-largest U.S. lender, is Watson’s first financial services client, IBM said yesterday. It will help analyze customer needs and process financial, economic and client data to advance and personalize digital banking.

IBM expects to generate billions in new revenue by 2015 by putting Watson to work. The technology giant has already sold Watson to health-care clients, helping WellPoint Inc. (WLP) and Seton Health Family analyze data to improve care. IBM executives say Watson’s skills -- understanding and processing natural language, consulting vast volumes of unstructured information, and accurately answering questions with humanlike cognition -- are also well suited for the finance industry.
Read More


iPad dispute signals new era in trademark troubles
iPotato, isock, icouch, istove, i-you-name-it. An Internet search for "i'' words from A to Z will turn up just about any combination you might think up, from all over the world, only a handful of them related to Apple Inc.
Given its penchant for "iproducts," Apple's current troubles in China over the iPad trademark are not its first, and are unlikely to be its last. China's importance as a major consumer market is bringing fresh headaches for companies, and even celebrities, seeking to protect and claim brand names. That's apart from the usual problems with piracy and other infringements.
Read More


All American Investor

@AllAmerInvest Stocks UP Size Thank You China, Obama, the Cure, Bonus Bucks Answers , More

Stocks up size, will the rally hold?

8 15 AM

Looks very good right now. Thank you China.

China steps on the economic accelerator
China is cutting the amount of money banks need to hold in reserve, freeing those funds to stimulate their economy.

The People's Bank of China said Wednesday it will lower its reserve requirement ratio for financial institutions by half a percentage point. It was the first such cut in the ratio since 2008, and a change in course after the ratio was raised five times this year.

Dollar versus Euro Exchange Rate (Chart)

The chart has an interesting long term double bottom. The chart is evidencing a fear of inflation in the U. S. Along with the Chart on Money Supply, M2, these series should be watched closely.

Subscribe to All American Investor via Email

Roubini on the U.S. Dollar

The following is from the email I received this morning from the RGE Monitor.

U.S. Dollar Outlook

After a brief rally in risky assets earlier this year, the dollar has resumed its safe haven status once more. Dollar shortages for funding needs and deleveraging of cross-border USD-denominated liabilities is also still providing juice for the dollar against G10 currencies (except yen and Swiss franc). Against the euro, the U.S. dollar will likely remain strong in the near-term on expected ECB rate cuts, intensifying Eastern European financial turmoil and Eurozone sovereign credit risk. Against the yen, the U.S. dollar will likely stay around 100 yen in the near-term as markets focus on Japan's deteriorating economic fundamentals. The dollar will re-test its 2008 highs against other G10 and emerging market currencies but could back down on the expansion of U.S. quantitative easing to government debt. In general, the dollar will benefit in the short-term from U.S. government interventions if they appear to put the U.S. ahead of the curve in fighting recession. By the same token, any scent of increased Treasury borrowing needs on top of already all-time high levels of issuance could turn investors’ noses up at the dollar in the long-term.

The RGE Monitor offers a premium service that contains more detailed information.

Subscribe to All American Investor via Email

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

Follow All American Investor on Twitter

Bold Endeavors: How Our Government Built America, and Why It Must Rebuild Now