Category Archives: stock market

Hackers break into newswire services, trade on what they find

Posted on by

Some financially-motivated hackers go straight for the money, but others take a more circuitous route, going after information that they can use for profit. That’s what criminals convicted this week did until they were caught in 2015, earning millions … Continue reading Hackers break into newswire services, trade on what they find→

Stock Market Prediction With Natural Language Machine Learning

Posted on by

Machines – is there anything they can’t learn? 20 years ago, the answer to that question would be very different. However, with modern processing power and deep learning tools, it seems that computers are getting quite nifty in the brainpower department. In that vein, a research group attempted to use machine learning tools to predict stock market performance, based on publicly available earnings documents. 

The team used the Azure Machine Learning Workbench to build their model, one of many tools now out in the marketplace for such work. To train their model, earnings releases were combined with stock price data …read more

Continue reading Stock Market Prediction With Natural Language Machine Learning→

FedEx attributes $300 million loss to NotPetya ransomware attack

Posted on by

FedEx reported an estimated $300 million loss in its first quarter earnings report Tuesday, attributing the loss mostly to a computer virus that impacted the company’s operations across Europe in July. The package delivery company’s Dutch subsidiary, TNT Express, was infected with the NotPetya ransomware virus in late June. NotPetya hit companies in Ukraine in late June and soon spread to other countries. Much of TNT Express’s operations are based in Ukraine. The attack froze users’ computers, encrypted their files and demanded a ransom of $300 in Bitcoin to regain access.  Cybersecurity researchers found, however, that regardless of whether a victim paid the ransom for NotPetya, data on infected computers may be deleted. The earnings report released Tuesday by FedEx notes that most of TNT’s services resumed after the attack and “substantially all” its critical operational systems are back up and running, but volume, revenue and profits were  negatively impacted. […]

The post FedEx attributes $300 million loss to NotPetya ransomware attack appeared first on Cyberscoop.

Continue reading FedEx attributes $300 million loss to NotPetya ransomware attack→

Hedgefund Startup Powered By Crowdsourced Code

Posted on by

In the financial sector, everyone is looking for a new way to get ahead. Since the invention of the personal computer, and perhaps even before, large financial institutions have been using software to guide all manner of investment decisions. The turn of the century saw the rise of High Frequency Trading, or HFT, in which highly optimized bots make millions of split-second  transactions a day.

Recently, [Wired] reported on Numerai — a hedge fund founded on big data and crowdsourcing principles. The basic premise is thus — Numerai takes its transaction data, encrypts it in a manner that hides its …read more

Continue reading Hedgefund Startup Powered By Crowdsourced Code→

Twilio beats expectations with revenue of $64.5M in solid Q2 earnings

Posted on by

Twilio logo Twilio, the most successful tech IPO to date in 2016, released its Q2 earnings today after the bell. Immediately share prices increased in after-hours trading.
The cloud-communications company reported revenue of $64.5 million and a loss per share of $0.08.
The numbers released are stronger than expectations. Analysts had expected a loss of $0.14 per share on revenue of $58.22… Read More Continue reading Twilio beats expectations with revenue of $64.5M in solid Q2 earnings→