Is China’s economic slump just the beginning?
China, the world’s second-largest economy, grew by 6.9 percent in 2015 marking the weakest growth rate percent in 25 years. The growth for the year…
Business
Decline in oil prices as the markets are overwhelmed by global growth anxiety
A sharp decline in the Global markets crude oil prices was witnessed on Friday to be as low as $30 a barrel, with China showing…
Walmart lays off thousands
Walmart, the world’s largest retail chain, will close 269 of its stores around the globe,154 of which are in the United States. This is a…
Dell Inspiron 11 3000 (2015) business proposal deal
With the lightweight design encasing its long battery life, the nominated solid travel companion is the Inspiron 3000. You do not need to rob…
Brent records biggest discount since 2010 as oil plummets below $30
Oil exports have been a delicate issue ever since the global glut experienced, which ultimately led to the imposing of sanctions on Iran. Oil has…
Delta Airlines beats United to rank second
Delta Airlines Inc. surpassed United Continental Inc. in 2015 to become America’s second-largest airline behind American Airlines, based on the recently released traffic figures for…
Morgan Stanley analysts: ‘$20-$25 oil price scenarios are possible due to currency’
According to Morgan Stanley analysts, there is a chance that Brent oil would drop to a low of $20 per barrel if a rapid appreciation…
General Motors to import cars made in China
General Motors, the largest automaker in the United States, will introduce the Buick Envision (which has been made in Shandong province, China) to the U.S….
Tsukiji fish market holds New Year auction before making way for development
The Tsukiji market (Tokyo) held its final start of the year holiday auction ritual. The curtains close down after the 80 years the market has…
Boosting oil exports in Iran will depend on future demands
There have been numerous sanctions made against Iran for quite some time, and the sooner they end, the better for the country. Senior Iran officials…
The world’s crude producing countries are getting crushed by low prices
Significant budget surpluses are twisting into deficits, and generous social programs are now being replaced with austerity and cuts. Crude oil has collapsed below $37…
Intel acquires Altera
Intel, one of the largest and most popular computer chip makers, completed the acquisition of Altera (which is a major manufacturer of programmable logic devices)…
Year overview: stocks, bonds, cash go nowhere in 2015
The idea behind asset allocation is simple: When one market struggles, it’s okay because an investor can jump into another that is thriving. Not so…
China telecoms flop after Chairman Chang Xiaobing becomes anti-graft target
Chang Xiaobing, the chairman of the state owned China Telecom, is currently undergoing major investigations made by the China anti-corruption watchdog. He is currently on…
Billionaire Steven Cohen’s hedge fund reaches $1.8 billion plea deal
Federal prosecutors announced a record $1.8 billion insider trading penalty against billionaire Steven A. Cohen’s embattled SAC Capital on Monday, closing a probe into the…
Is betting against Apple in 2016 a dumb move?
Apple is undeniably one of the most successful and in vogue companies on the planet. From giving us high-end smartphones to producing the popular virtual…
It’s Amazon Prime time before Christmas, and customers aren’t breaking a sweat
It’s the final countdown for holiday shopping, and based upon your personality, it’s either an impending anxiety attack or a procrastinator’s paradise. Almost 40 percent…
Will Hunter College High School keep its $1 million donation from reviled Martin Shkreli?
Hunter College High School is debating on what to do with a $1 million donation from former student Shkreli, the reviled pharmaceuticals executive who has…
China Vanke ready for showdown with biggest investor over control
China’s largest developer, China Vanke, has been facing a rather hostile takeover bid by its largest shareholder. China Vanke is backed up by Baoneng Group,…
Meat labelling law repealed by Congress after facing Canadian retaliation
A possible trade war between Canada and the United States was prevented Friday, as the U.S. Congress passed an extensive spending bill that also repealed…