Oil market is expected to see a downward correction this quarter but Brent prices will move higher in the final quarter of this year, according to a research note from Barclays. “Prices have moved higher, due to a perfect combination of a favorable macro environment, a seasonal uptick in consumption, continued inventory drawdowns, and geopolitical […]
Read moreJob creation among small businesses picked up in July as strong economic growth in the United States and abroad gave confidence to small business owners, a National Federation of Independent Business report showed on Thursday. The percentage of U.S. small business owners saying they planned to add to payrolls in July exceeded those with plans […]
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Activision Blizzard has been on a stealth rally this year, soaring nearly 76 percent, and traders are betting on an even bigger rally ahead. The video game giant is the best performing tech stock in 2017, quietly hitting an all-time high on Thursday. According to Mark Tepper of Strategic Wealth Partners, the gaming industry is […]
Read morePoland’s future within the EU has come under renewed uncertainty after the President of the European Council said the country’s “arrogant” rejection of EU law signals its desire to exit the union. Donald Tusk, Poland’s former Prime Minister, hit out at his home country’s ruling Law and Justice party Thursday, saying that its fragile relationship […]
Read moreTwo of the world’s largest digital currency exchanges have changed their minds and decided to support the new asset “bitcoin cash“, but customers will have to wait until January 2018 to gain access to their tokens. “We’ve examined all of the relevant issues and have decided to work on adding support for bitcoin cash for […]
Read moreOusted Uber CEO Travis Kalanick has hired high-profile “CEO advisory” firm Teneo to help him manage his own embattled interests, according to several sources close to the situation. So, get ready for some positive stories on the embattled entrepreneur via open-hearted interviews (except to heartless Recode, because we always get left out of those for […]
Read moreNorth Korea has criticized Washington’s decision to ban U.S. passport holders from visiting the North, with state media describing it on Friday as a “sordid” attempt to limit human exchanges. The North’s KCNA news agency, citing an unidentified spokesman for the foreign ministry, said there was no reason for foreigners to feel threatened while in […]
Read moreCurrency, United States Finance
Allianz agrees joint venture to form the third-largest property and casualty insurance company in UK
German insurance titan Allianz said on Friday that it had agreed to create a joint venture and strategic partnership with British insurer LV= to form the third-largest property and casualty insurance company in the UK. Allianz will pay 500 million pounds ($657.35 million) in exchange for a 49 percent stake in LV=’s General insurance business, […]
Read moreCryptocurrencies have exploded in popularity in recent years that has led to a red-hot fundraising trend where start-ups bring in millions of dollars in capital by issuing virtual tokens to investors in exchange for money. Initial coin offerings (ICOs) have become a primary means of fundraising for projects built on blockchain technology. Companies create and […]
Read moreGet ready to be taken to a galaxy far, far away. Disney announced on Thursday it is creating a “Star Wars” virtual reality (VR) experience at some of its locations. Lucasfilm, a Disney subsidiary, and VR company The Void are teaming up to create the attraction at Downtown Disney at Disneyland Resort and Disney Springs […]
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