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News & Updates

July 19, 2016 Global warming set to cost the world economy £1.5 trillion by 2030 as it becomes too hot to work

Source: The Independent

Global warming will cost the world economy more than £1.5 trillion a year in lost productivity by 2030 as it becomes too hot to work in many jobs, according to a major new report.

July 19, 2016 What Destroyed Venezuela's Economy: Big Government And Anti-Americanism

Source: Forbes

“A vibrant business sector hollowed out by repeated government intervention, nationalization, and grand development schemes which cost the taxpayers a bundle,” writes Mark Mobius On Emerging Markets.

July 19, 2016 CalPERS posts worst year since 2009, with slim returns

Source: LA Times

The California Public Employees’ Retirement System said Monday that its rate of return for the year ended June 30 was just 0.61%. What’s more, Ted Eliopoulos, the pension fund’s chief investment officer, said the poor year has...

July 19, 2016 Post-Brexit Calm Doesn't Bode Well For Gold

Source: Forbes

U.S. stocks closed just off of record highs, after five consecutive days of printing new record highs during the week. The last time that happened, in 1998, the S&P 500 went on to climb 50% over the next two years.

July 18, 2016 Citi beats expectations, bets on consumers amid low rates

Source: rEUTERS

Citigroup is betting on U.S. consumers and multi-national corporate clients to navigate lower interest rates after a rebound in trading helped it beat Wall Street's subdued expectations for the second quarter

July 18, 2016 It's Not That Social Security Will Run Out Of Cash - It's Whether Taxes Will Rise To Fund It

Source: Forbes

The two government programs simply are not in a position akin to a private or lower level government program which has overpromised benefits and under reserved to pay for them

July 18, 2016 Will Walt Disney Co. Split Its Stock This Year?

Source: Motley Fool

It's been a mediocre year for Disney (NYSE:DIS), which lost 14% of its value over the past 12 months on concerns about cord-cutters sinking its cable business. But with the stock now hovering near $100, could a stock split bring...

July 18, 2016 Oil prices largely unchanged as market shrugs off Turkey coup bid

Source: Reuters

Oil prices were largely unchanged on Monday as traders shrugged off the impact of the attempted coup in Turkey, while disruptions to crude exports in Libya and upbeat U.S. economic data lent prices some support.

July 18, 2016 Driverless cars are coming to a road near you, but do you really understand the risks?

Source: World Economic Forum

The disruptive effect of driverless cars on the multi-billion dollar automobile industry, for one, is being taken on board by market leaders

July 18, 2016 10-Year Treasury Yield at 1.6% as Post-Brexit Bond Rally Ends

Source: Barrons

The Treasury market wobbled its way to higher yields in the past week, correcting from historic low rates triggered by the United Kingdom’s June 23 vote to exit the European Union.

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