Investing Advice Straight to Your Phone With TipRanks
TipRanks uses Natural Language Processing to give investing advice to roughly five million investors. Now, the company is out with a mobile app to bring the advice directly to users phones.
Uri Gruenbaum is the CEO and Co-founder of TipRanks. Gruenbaum explains that the reception to the new app has been very positive overall. The success has made him wish they built out this new app even sooner.
Gruenbaum explains that the overall goal is to help investors better understand the market and various options on the market. With NLP, TipRanks can analyze all of the information online and what analysts are saying, and then distill the best information and advice.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
