Investing & Trading
Thanks to Louisville resident Audra Bridges who posted a video of an incident online Sunday evening, American United Airlines has become incredibly infamous. The video of a man, apparently a doctor, being dragged from his seat to make room for airline employees has gone viral, prompting a public apology from the company’s CEO. The video shows […]
... written on Apr 11 2017At a Sotheby’s auction Tuesday in Hong Kong, a mind-boggling 59.6 carat diamond – “Pink Star” – sold for US$71.2 million, a new world record for any diamond or jewel. The sale comes 3 years after the stone was sold at an even higher price at another Sotheby’s auction in Geneva. However, that deal later didn’t materialize […]
... written on Apr 05 2017Two years ago, ICBC, the largest and most valuable bank in the world by total assets and market capitalization, was planning to open a clearing bank in Russia for trade settlements in Yuan (Renminbi) and Rubles. ICBC’s business involvement include electricity, mining, chemical, oil and gas, telecommunication, retail, machinery and metallurgy sector in Russia. […]
... written on Apr 03 2017At a time when 33% Americans say they would have trouble coming up with an emergency US$2,000, any sign of economy trouble is devastating. For the first time since the U.S. 2016 Presidential Election, markets have slammed the brake for an emergency stop when the Dow Jones dropped 237.85 points, or 1.14%, drop. The […]
... written on Mar 22 2017The annual meeting of 20 finance ministers from the world’s top 20 leading economies this year has raised millions of eyebrows. The traditional scripts would normally see a pledge supporting globalization and free trade, while opposing all forms of tariffs and rejecting protectionism. Just when globalists and liberalists expect the leaders to stand up, they […]
... written on Mar 20 2017Cathay Pacific, the flag carrier of Hong Kong, is in trouble. Headquartered at Hong Kong International Airport, Cathay used to be the world’s best airline. From in-flight entertainment to kids’ meals to friendly staff to lounges, everything was awesome. That’s because they charge awesome price to fly with them. Over the time, Cathay Pacific […]
... written on Mar 18 2017Oil price is now at its lowest for the year 2017. The more than 5% plunge on Wednesday was the final nail in the coffin for speculators. There were high volume of trading, suggesting the speculators holding to their bullish positions were selling all out. According to John Kilduff, founding partner at energy hedge fund […]
... written on Mar 10 2017Will crude oil prices rise above US$60 a barrel this year? It’s not too much to ask considering the black gold once traded around US$120 a barrel in 2014. Before we could even think of US$60 price tag, the Brent has to breach US$58 first. So far, it hasn’t been able to do so. Analysts […]
... written on Mar 06 2017China is absolutely furious with the deployment of U.S. Navy’s Carrier Strike Group 1 (CSG1), led by Nimitz-class supercarrier USS Carl Vinson in the South China Sea. Even if U.S. agrees to a one-on-one fight, Chinese aircraft carrier Liaoning and its squadron have little chance of defeating the U.S. strike group, which includes an entire […]
... written on Mar 04 2017There’re a lot of dishonest business owners out there. We’re not talking about a small family-owned restaurant. We’re talking about multi-billion dollar revenue fast food chain such as Subway Restaurants. Business has been bad that while Subway opened 911 new locations in the U.S. in 2015, it closed 877. Its revenue dropped 4.3% to US$1.11 […]
... written on Mar 02 2017
