The Innovation Shares NextGen Protocol ETF "KOIN" will be the first to use artificial intelligence to identify and invest in blockchain innovators. Matt Markiewicz, Managing Director at Innovation Shares, explained how the company leverages the emerging technology for portfolio management.
Taking a traditional analytical approach is challenging for picking stocks based on thematic investing. By using machine learning, he says the company is able to uncover securities that may not be obvious to researchers because themes aren't found in financial statements. Markiewicz added that there is good potential for A.I. to replace analysts.
Several companies have announced the implementation of blockchain or cryptocurrency into their name. Sometimes it has been suspicious. Markiewicz said the rules-based approach of the company prevents those types of stocks from finding their way into the portfolio.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
