A recent look at the Americanization of global corporations shows that many European, Asian an Australian firms actually have American ownership. What does this relationship mean going forward? Click here to view the current global state.
YouTube Inc. announced a new service that will deliver an assortment of major television channels to the paying customers via the internet for only $35 a month. How will this effect other broadcast networks? Find out here.
Interested in seeing how Snapchat compares to other social media companies like Facebook, LinkedIn and Google as it approached its IPO? Click here for one perspective.
As you may know, Amazon makes shipping easy, but many manufacturers fulfilling these orders disagree. Read how the company is venturing into an international plan using “freight forwarders” and the impact this will have on the e-commerce industry here.
After India invalidated its largest bank notes overnight, many assumed cash would be at shortage resulting in massive lines at the banks. However, early economic indicators are implying the disruption might not be as deep as economists thought. View the “Five Charts Showing What India’s War on Cash is doing to the Economy” here.
India’s currency crisis is stalling small industries, slashing some manufacturing units’ production by nearly half. As Asia’s third largest economy, outlook for growth in India has been downgraded by some. What started this crisis and why now? Read the full story here.
The world’s largest hedge fund firm is developing an algorithmic model from it’s employees’ brains for “day-to-day management, hiring, firing, decision making – to be run by software that sends out instrucitons.”2 Discover the inner workings here.
Microsoft has plans to develop a computer out of science fiction. “If these machines work, they will have an impact on work in areas such as drug design and artificial intelligence, as well as offer a better understanding of the foundations of modern physics.” Find out how this will affect technology and other sectors here.
Popular mobile-payment apps including PayPal Holdings Inc.’s Venmo and Alphabet Inc.’s Google Wallet will be subject to more stringent government oversight under a new ruling from the Consumer Financial Protection Bureau. How will this affect digital wallets and prepaid accounts as a whole, which is one of the fastest growing categories of financial markets? Read the full story here.
Did you know Egypt is the largest wheat importer? Well recently a Romanian agricultural trader asked Egypt to return about $500,000 it put down as a guarantee for wheat supplies due to a dispute over the level of fungus allowed. Read more here.
A biotech company named Seres Therapeutics got some bad news when it’s drug failed in a clinical trial last month, sending its stock price down roughly 70 percent. But in the two days before that failure became public, three top Seres executives sold a combined $2.5 million worth of the company’s stock, making a profit. How could this happen? Read more here.
The Olympics in Rio de Janeiro are about to begin, and good luck to Brazil. The country is currently burdened by a political struggle, a sharp economic downturn and public health crisis. Learn more on how these issues developed here.
The biggest risks to financial stability at this point appear to be political, specifically the risk of further defections or breakdown in the European Union. After several days of market upset, a few reflections on the momentous vote in Great Britain can be viewed here.
There has never been a country that should have been so rich but ended up this poor. According to the International Monetary Fund’s latest projections, Venezuela has the world’s worst economic growth despite having the world’s largest oil reserves. Learn more.
Saudi Arabia has a 41-year U.S. Debt Secret that is now coming back to haunt us. Thanks to Bloomberg and the Freedom of Information Act, you can now read the untold story here.
Venezuela is now so broke that the country may not have enough money to pay for its own money. Read more of the story here.
A massive leak of documents exposes the offshore holdings of 12 current and former world leaders and reveals how associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies. Find out how here.
China warns high profiled investor George Soro against “declaring war” on its currency. The article, published by the People’s Daily, is the official newspaper of the Chinese Communist Party.
Watch the 35 years of global economy in one video. Click here