Latest Articles: Business/Finance
34 companies that could be the next to announce mass store closures
Post Date: 2017-05-26 20:04:54 by BTP Holdings
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34 companies that could be the next to announce mass store closures Business Insider Hayley Peterson 12 hrs ago © Provided by Business Insider White Flint Mall - dead mall Retail stores are closing at a breakneck pace this year, and the carnage is far from over. More than 3,600 store closures have been announced since January, and up to 10,000 are expected to close before the end of the year, according to a new report on store activity and retail health by the credit consulting firm F&D Reports. The firm identified 34 companies that are the most vulnerable in the US, meaning they could be next to announce mass store closures and/or pursue more "aggressive ...
Bitcoin blows past $2,300 as Digital Currency Group clinches scaling agreement
Post Date: 2017-05-25 07:02:05 by Tatarewicz
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RT... The price of bitcoin has seen another surge of 6.5 percent on Wednesday to reach an all-time-high of $2,389. The world’s most popular digital currency has gained 145 percent this year and has nearly doubled in value just in the last month. Read more © Pawel Kopczynski $100 in bitcoin in 2010 now worth almost $73 million Wednesday's gains follow a bitcoin scaling agreement reached by the Digital Currency Group, representing 56 companies in 21 countries, at the Consensus 2017 conference in New York. The agreement commits to research and development of technical mechanisms to improve signaling in the bitcoin community. It also promises cooperation on the design, ...
China, Russia to Jointly Build Wide-Body Passenger Jets
Post Date: 2017-05-24 02:33:03 by Tatarewicz
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RI... The Shanghai-based joint firm plans a 280-seater with a range of 12,000 km China and Russia Monday set up a joint venture to build wide-body passenger jets in the latest attempt to break into the lucrative market longtime dominated by Boeing and Airbus. The Shanghai-based China-Russia Commercial Aircraft International Co., Ltd (CRAIC) has completed its business registration and obtained a license to operate, its Chinese parent, state-owned Commercial Aircraft Corporation of China (COMAC), said. COMAC Chairman Jin Zhuanglong said the joint venture marks key progress in a Sino-Russian program to develop wide-body aircraft and aims to produce "competitive" long-haul planes ...
Unemployment Claims At Lowest Level In 28 Years
Post Date: 2017-05-20 17:24:41 by HAPPY2BME-4UM
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Businesses encouraged and more people getting back into the workplace because of it.Via Washington Examiner: Total continuing claims for unemployment benefits ran at the lowest level in 28 years at the beginning of May, the Department of Labor reported Thursday morning in a new sign that the jobs market is still improving. The total number of unemployed workers receiving benefits fell to 1.9 million, the agency said, the lowest such mark since November of 1988, when the workforce was much smaller. Over the past month, the average number of continuing claims per week has clocked in at 1.95 million, the lowest number in 43 years. Those ...
BOMBSHELL: Podesta Received $35 Million from RUSSIA while Advising Clinton & Obama
Post Date: 2017-05-20 16:49:14 by Ada
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John Podesta, former Secretary of State Hillary Clinton’s 2016 national campaign chairman, may have violated federal law by failing to disclose the receipt of 75,000 shares of stock from a Kremlin-financed company when he joined the Obama White House in 2014, according to the Daily Caller News Foundation’s Investigative Group. Joule Unlimited Technologies — financed in part by a Russian firm — originally awarded Podesta 100,000 shares of stock options when in 2010 he joined that board along with its Dutch-based entities: Joule Global Holdings, BV and the Stichting Joule Global Foundation. When Podesta announced his departure from the Joule board in January 2014 to ...
“Penny Defense Stocks” teased by The Casey Report
Post Date: 2017-05-20 07:02:36 by Tatarewicz
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Which smaller contractors are being hinted at by E.B. Tucker as the foundation for the next wave of giant military contractors? “These 4 “Penny Defense Stocks” Are Primed to Soar on… The Pentagon’s Trillion-Dollar Spending Jackpot” That’s the promise made by the new ads for E.B. Tucker’s Casey Report, which is pitching the stocks that they think will become the “new ‘Military Industrial Complex'” as they grow from small-cap size to compete with the megacaps like Lockheed Martin and Boeing. So what are the stocks? Well, the temptation to riches that they dangle is intended to get you to subscribe to their newsletter, at $149 a ...
Rise of young women (in UK) going 'au naturel' as nearly a quarter now don't shave their underarms
Post Date: 2017-05-19 10:52:44 by Horse
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Almost one in four young women have stopped shaving their underarms, figures show. Research by analysts Mintel shows that there has been a steady decline in millennial women removing hair from their legs and underarms. In 2013 95 per cent of women aged 16 to 24 said they removed hair from their underarms. In 2016, this had dropped to just 77 per cent. Leg-shaving is also falling out of fashion - in 2013 92 per cent said they shaved their legs, a proportion which had fallen to 85 per cent in 2016. Industry figures show that sales of shaving and hair removal products fell by 5 per cent between 2015 and 2016, from £598m to an estimated £567m. Roshida Khanom, associate director ...
China's Top Crude Exporter: Russia Reaps the Rewards of Bypassing the Dollar
Post Date: 2017-05-19 07:24:51 by Tatarewicz
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RI... The end of dollar dominance is not an abstraction for Russia and China. It's already happening In January it was revealed that for the first time ever Russia overtook Saudi Arabia in 2016 to become China's biggest crude oil supplier. According to OilPrice.com, "Russia is now China’s No.1 crude supplier, a status which it is very likely to retain in the following years, having demonstrated a spectacular 24 percent year-on-year increase in 2016. Almost all supply routes to China experienced growth in 2016." Some media reports attribute Russia's ascendance in China's crude market to increased demand from independent Chinese "teapot" ...
Drilled and Uncompleted - The Roadblock to Higher Oil Prices
Post Date: 2017-05-19 07:14:12 by Tatarewicz
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Beginning in September 2016, the United States Energy Information Administration (EIA) began to include estimates of the number of drilled and uncompleted wells (DUCs) in its monthly Drilling Productivity Report. This data is critical to gaining an understanding of where U.S. oil production may be headed, information that provides us with a measure of whether there will be upward or downward pressure on future oil production, a key factor in future oil prices. Drilled and uncompleted wells are those wells that have been drilled but are standing suspended (i.e. they are not producing hydrocarbons). These wells have production casing in place but potentially productive formations have not ...
Argentina to join AIIB: Argentinean FM
Post Date: 2017-05-18 04:57:30 by Tatarewicz
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(People's Daily Online) Argentina's Foreign Minister Susana Malcorra said her country plans to join the China-led Asian Infrastructure Investment Bank (AIIB). She made the announcement on May 17 during a meeting in Beijing with Chinese Foreign Minister Wang Yi, CCTV reported. A statement on the website of China's Foreign Ministry confirmed that South America's second-largest economy has voiced intentions to join the bank, diversifying its financing for infrastructure projects. China is willing to assist in Argentina's admission, the statement read. If the plan is actualized, Argentina will be the 16th G20 country to join AIIB. Argentina and China previously reached a ...
China's sharing economy: 3.45 trillion RMB market volume and counting
Post Date: 2017-05-17 07:17:37 by Tatarewicz
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People's Daily... From carpooling to shared phone chargers, China has witnessed explosive growth in its sharing economy, whose market trade volume topped 3.45 trillion RMB in 2016. That amount is up 103 percent from 2015, a State Information Center (SIC) official revealed. Specifically, trade volume in skills- and technology-sharing saw the fastest growth rate, at 205 percent, while life service platforms yielded the highest trade volume at 723.3 billion RMB. Investments in the sharing economy have also been on the rise, with total financing reaching 171 billion RMB, according to Zhang Xinhong, director of the Sharing Economy Research Institute under SIC. “In my opinion, China ...
AMAZON now worth two WALMARTs...
Post Date: 2017-05-15 13:48:29 by HAPPY2BME-4UM
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It took Amazon 18 years as a public company to catch Walmart in market value. It took less than another two years for Amazon to be worth twice as much. On the 20th anniversary of Amazon’s IPO, Amazon’s market cap stands at $459 billion before the market opens for trading. Walmart’s? $228 billion. Walmart has well more than three times Amazon’s annual revenue, and five times its net income. But Jeff Bezos and Amazon have sold a vision of revenue growth over huge net income figures — and Wall Street has largely bought in.With that freedom, Amazon has continued to consistently grow its revenue north of 20 percent, while pumping cash into big new business areas like ...
The fall of retailers means doomsday for malls
Post Date: 2017-05-14 08:43:20 by Ada
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Modal Trigger The fall of retailers means doomsday for malls Major department stores are floundering about like fish in a rapidly draining pond after reporting dreadful earnings last week. The time-honored multigenerational giants like Macy’s, Sears and JCPenney are all looking at a dramatically different future. Macy’s stock collapsed 17 percent after Thursday’s first-quarter report. And high-end retail behemoths like Nordstrom are getting clobbered, too. Shares of that politically petulant retailer fell 11 percent Thursday on news of its first-quarter results. Better take a good look, because this may be last call for the mall. The rise of online retailing and the ...
Home Sweet Dome: The Monolithic houses dotting the country that protect against tornadoes, hurricanes and wildfires
Post Date: 2017-05-09 09:08:54 by Ada
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Domes are constructed from concrete ring foundations, an inflated Airform, reinforced with steel and coated with polyurethane foam and a mix of concrete The size and number of domes vary according to homeowners' preferences One dome dweller already lost a 'conventional' house to fire and another saw his family home destroyed by Hurricane Katrina Owners say they can go to sleep or on vacation without worrying about something happening to their houses They admit that dome dwelling is not for everyone - and that 'drive-by' curious onlookers are a fact of life Driving down I-35 in Texas, between Waco and Dallas, there’s a curious site just off the interstate. It ...
Chinese train maker to develop 400kph track-changing locomotives
Post Date: 2017-05-09 05:55:03 by Tatarewicz
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(People's Daily Online) China Railway Rolling Stock Corporation Limited (CRRC), China’s rail car manufacturer, is devoted to researching and developing locomotives that can travel at speeds of up to 400 kilometers per hour and also change tracks to better facilitate rail transportation between regions that utilize different track types, the company revealed on May 8. CRRC's chairman of the board, Liu Hualong, revealed the plan at a press conference on the Belt and Road Initiative, held by the Information Office of the State Council. The press conference was hosted ahead of the two-day Belt and Road Forum for International Cooperation, set to kick off in Beijing on May 14. ...
Gazprom begins Turkish Stream pipeline construction
Post Date: 2017-05-09 03:31:05 by Tatarewicz
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RT... © turkstream.info Russian energy giant Gazprom has begun laying pipes for the Turkish Stream natural gas pipeline off the Russian Black Sea coast, Gazprom CEO Aleksey Miller said Sunday, days after the Sochi meeting between Turkish and Russian leaders. “Today, we started the practical implementation of the TurkStream gas pipeline project: pipe-laying within the offshore section. The project has been implemented in strict compliance with the plan,” Miller said in a statement Sunday, adding that “by late 2019, our Turkish and European consumers will have a new, reliable source of Russian gas imports.” Turkish Stream gas pipeline: Moscow & Ankara sign ...
Chinese robbers are forced to find new jobs, and here's why
Post Date: 2017-05-08 07:59:33 by Tatarewicz
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(People's Daily Online) A news broke out recently that two men raided the cashiers in three convenience stores in east China’s Hangzhou city and got merely $260 (RMB1800) in cash. “Don't they know that we all use mobile payments now? It won't be easy to mug people for cash.” The story was roasted by Chinese netizens. The news shows how popular mobile payments are in China. Using cash in a purchase is now rare to see in China. Statistics shows that the Chinese third-party mobile payments volume in 2016 has reached USD 8.4 trillion (RMB57.9 trillion). If you live in China, then you don’t need to bring cards or cash with you when you go out. As long as you ...
Iran refreshes consent with oil at $55
Post Date: 2017-05-07 07:18:26 by Tatarewicz
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PressTV... Iran has refreshed its consent with the price of oil around $55 per barrel with the country’s Petroleum Minister Bijan Zanganeh stressing that there is already a consensus among producers to keep the prices at the same level by extending the current production cuts. “All signs show that the producers want to extend the production cuts,” Zanganeh told Iran’s Shana news agency as telling reporters on the sidelines of 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition – the Iran Oil Show – that opened in Iran’s capital Tehran on Saturday. “I believe that $55 per barrel is an adequate price for oil.” In February, ...
What is 'Peak Oil'
Post Date: 2017-05-06 04:56:38 by Tatarewicz
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Peak oil refers to a hypothetical date when the world's crude oil production rates will enter an irreversible decline. This concept is derived from geophysicist Marion King Hubbert's "peak theory", which states that oil production follows a bell-shaped curve. In the traditional vision of peak oil, the production decline accelerates as the challenge of extracting new reserves grows. This would put pressure on existing reserves that are drawing down overtime. If new reserves are not brought on line more rapidly than the existing reserves drawn down, then peak oil has been reached. Peak oil has been declared several times, but it has been proven premature by new extraction ...
Russia's petrol export can double by the end of 2018
Post Date: 2017-05-06 02:30:11 by Tatarewicz
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PMF...24.03.2017 High-octane petrol production in Russia keeps growing, with the bulk of the new output intended for export. By various estimates, the export volume can reach 7 to 9 million tonnes by the end of the next year compared to 3,35 million tonnes in 2016. Such scenario may aggravate a fuel oversupply in Europe. Russia could increase its petrol export twofold in coming years due to a surge in the country's refining capacity and a decline in domestic consumption, considers Reuters. The production of high-octane petrol totaled to 38,3 million tonnes last year, with almost 35 million tonnes sold in the local market. Thus, the export volume amounted to 3,35 million tonnes, which ...
First time for a state in US history - Puerto Rico Declares a Form of Bankruptcy
Post Date: 2017-05-04 06:46:35 by HAPPY2BME-4UM
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With its creditors at its heels and its coffers depleted, Puerto Rico sought what is essentially bankruptcy relief in federal court on Wednesday, the first time in history that an American state or territory had taken the extraordinary measure.The action sent Puerto Rico, whose approximately $123 billion in debt and pension obligations far exceeds the $18 billion bankruptcy filed by Detroit in 2013, to uncharted ground.While the court proceedings could eventually make the island solvent for the first time in decades, the more immediate repercussions will likely be grim: Government workers will forgo pension money, public health and infrastructure projects will go wanting, and the ...
Stock Gumshoe evaluate new battery recycler
Post Date: 2017-05-04 00:27:52 by Tatarewicz
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This is a little company called Aqua Metals (AQMS). They are priced right around $17, with a market cap of $325 million today… and this is a fairly rare thing in today’s market, a company that came up with a better model for an industrial process, raised money from startup funders, and then came public with an IPO to raise the capital needed to build their first facility. Kind of old fashioned, really. They also just really got their first facility going, after the first phase of construction was finished about a year ago, and they are just about to announce their quarterly earnings (in a week, on May 9 after the market close), so the story could change quite quickly… but ...
Report: Jared Kushner Didn’t Disclose $1 Billion in Loans, Investment Ties to Goldman Sachs and George Soros
Post Date: 2017-05-03 08:04:34 by Ada
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President Trump’s son-in-law and senior adviser Jared Kushner didn’t disclose his part ownership of a real-estate finance startup known as Cadre, according to a Wall Street Journal review of Kushner’s securities and other filings. The Journal notes that Kushner’s Cadre stake “means the senior White House official is currently a business partner of Goldman Sachs Group and billionaires including George Soros and Peter Thiel.” The Journal also reports that Kushner didn’t disclose a number of loans “totaling at least $1 billion, from more than 20 lenders,” on properties and companies he co-owns; and Kushner “has also provided personal ...
Iran rolls out new generation of national cars
Post Date: 2017-05-03 07:22:48 by Tatarewicz
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PressTV... Iran has started the mass production of what is seen as a revolutionary version of its Dena class of national cars. Iran has started the mass production of what is seen as a revolutionary version of its Dena class of national cars. Iran has started the mass production of an upgraded version of its Dena class of national cars which is already seen by the media as a revolutionary product by the country’s leading automaker Iran Khodro Industrial Group (IKCO). The IKCO officially rolled out Dena+ in a ceremony attended by Iran’s President Hassan Rouhani. Dena+ is a mid-sized four-door class-D sedan which has been designed by domestic experts at IKCO’s Research and ...
Putin, Modi to join session hosted by NBC’s Megyn Kelly at St. Petersburg economic forum
Post Date: 2017-05-03 01:25:06 by Tatarewicz
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RT... Russian President Vladimir Putin, Indian PM Narenda Modi and other top officials will discuss ways of adapting to the challenges of the global economy in a plenary session of the international economic forum in St. Petersburg that kicks off on June 1. The guests of the forum are expected to exchange opinions on key economic issues and discuss global trends at the 21st edition of the event, which is themed: “Achieving a New Balance on the Global Stage.” Former Fox News star and current NBC host Megyn Kelly was chosen as a moderator of an all-round discussion at the forum’s main session that is scheduled to be attended by both Putin and Modi, the forum’s organizer, ...
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