Financial Highlights from the Recent Week You Should Know About:
- QUANTUM FINANCE: HSBC experiences breakthrough in quantum trading
HSBC recently announced they saw a 34% improvement in predicting what the price of a bond will trade at after a one year test using IBM’s quantum computers.
HSBC is also ranked as one of the top 5 financial institutions on the Quantum Innovation Index. - MANUFACTURING: How is China able to supply cheap products when labor costs have increased?
The manufacturing boom over the last few decades gave human factory workers to bring themselves out of poverty.
But as labor wages started increasing, Chinese manufacturers started replacing human workers with robots and automation.
According to the International Federation of Robotics, Chinese manufacturers and factories installed over 300,000 robots and automatons last year. This was more than the rest of the world combined. - M&A: Goldman Sachs predicts surge in M&A
Goldman Sachs forecasts a surge in M&A deals due to consolidation among various industries driven mostly by private equity deals.
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