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News & Updates
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
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.
July 17, 2016 Rate-starved U.S. banks happily gobble mortgage businessSource: Reuters
In earnings reports last week, JPMorgan Chase & Co, Wells Fargo & Co and Citigroup Inc said they originated $94 billion worth of new mortgages during the second quarter in their core mortgage operations, an increase of $23...
Brexit was a dark cloud on the horizon for the Federal Reserve. With the storm passing, a number of officials have said that repercussions from Britain’s vote to quit the European Union probably won’t derail the U.S. economy, or...
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, has donated another roughly $2.86 billion of his holdings in the company's stock to the Bill & Melinda Gates Foundation and four family charities, as part of his...
July 15, 2016 Bayer sweetens offer for hesitant MonsantoSource: Reuters
German drug and crop chemical group Bayer AG on Thursday announced details of a sweetened $64 billion bid for Monsanto Co as it tries to put the U.S. seed company under pressure to engage further
July 15, 2016 The Bull Market You Haven’t SeenSource: Bloomberg
The way Douglas Peebles talks about the $100 trillion global bond market, you’d never guess that bond investors have been on a winning streak. “The market in most countries is completely dysfunctional,” says Peebles, chief...
Source: Business Insider
Taiwan investigators suspect two Russian nationals hacked into a major domestic bank's ATMs last weekend, using malware to withdraw more than $2 million from dozens of machines in the country's first recorded case of its kind.
July 15, 2016 BP says total Gulf spill bill $61.6bnSource: BBC
BP said the final bill for the 2010 Gulf of Mexico oil spill will be $61.6bn (£46.2bn). The company believes that any further claims related to the spill will "not have a material impact".
July 15, 2016 May builds new-look Brexit cabinet to steer EU divorceSource: Reuters
New Prime Minister Theresa May ruthlessly overhauled the British cabinet on Thursday, sacking a raft of ministers, promoting loyalists and putting supporters of Britain's exit from the European Union firmly in charge of...
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