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U.S. Housing Prices Out of Touch with Reality

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
U.S. home resales have been unable to match expected projections in June as prices reach record highs, keeping first-time buyers hesitant on the peripheral. The record high housing prices are a result of a small property supply being pursued by a large customer demand, meaning that the value of each property increases as the supply […]

Euro Reaches Two-Year Dollar High

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Last Friday the euro strengthened to a two-year high against the dollar, raising 1.8 percent over the week and has gained 11 percent year to date. The euro was valued at $1.1680 on Friday as the highest settlement since Jan. 15, 2105. This raise comes a day after European Central Bank president Mario Draghi to […]

Verizon Not Delivering to Customer Expectations

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Customers of Verizon have noticed a decrease in their mobile data speeds especially being limited whenever they streamed or accessed videos on Netflix and YouTube. This has sparked a response in Verizon to optimize video applications on its mobile network in order to satisfy Verizon Wireless subscribers. The speed cap by Verizon was noticed by […]

Bank of America Prepares Dublin as Brexit Backup Plan

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Bank of America has decided to pick Dublin as its new base for its European Union operations amidst Britain’s Brexit preparations to leave the union. This is the first Wall street lender to pick Dublin, which is a prime location for a smaller location shift while still remaining within an E.U. sphere. International banks are […]

Chinese Courier ZTO Sued Over False IPO Listing

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Chinese courier ZTO Express and those involved in its New York stock market listings have been sued by a U.S. pension fund. The fund alleges that ZTO exaggerated its profit margins to lure investors into its $1.4 billion initial public offering. Morgan Stanley and Goldman Sachs Group Inc., which was responsible for ZTO’s IPO, are […]

Two Leading Black Markets Abolished by U.S. and European Authorities

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
The two largest online black markets, AlphaBay and Hansa Market, have been shut down and their operators have been arrested, according to reports by the U.S. and European authorities on Thursday. AlphaBay, what is considered to be the largest dark net market, was taken down in early July while its founder, Alexandre Cazes, a 25 […]

Facebook to Allow Publishers a Subscription Fee

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Facebook is planning a new tool that would establish a means of adding subscriptions to news organizations that publish directly on the social media outlet. The intention behind this new tool is to help pacify the tension the social media giant and publishers, who find their audiences shifting more to what becomes available on Facebook. […]

Amazon Meal Kit Plans

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Amazon is proceeding with its expansion plan to diversify into surrounding markets and innovate in order to establish a dominant position. In recent news, Amazon expressed its intent to redesign and push the boundaries in the prepared meal kit world that is currently dominated by Blue Apron Holdings Inc. Amazon is throwing itself in the […]

Beijing Blocks WhatsApp Access in Mainland China

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Chinese users have reported trouble regarding the use of WhatsApp instant messaging tool on Tuesday. Many suspect that Beijing is responsible for the issues that are arising as part of its latest regulations on internet use. The issues included involved being unable to send or receive photos using the chat app, which is owned by […]

Walt Disney Entertains Renovation Plans for Epcot

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
The Walt Disney Co. revealed renovation plans for Epcot in order to honor the park’s 35th anniversary at Walk Disney World in Orlando, Florida. The planned renovations include featuring several film-inspired attractions that will update the park for previous visitors, while drawing in new crowds to populate the famous park. The media and entertainment company’s […]

Netflix Subscribers Surpass Target

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Netflix Inc. has surpassed the expectations of Wall Street for its second quarter by adding 5.2 million new streaming customers. Netflix predicts further continued growth due to the momentum generated by foreign subscriptions, which overcame U.S. subscribers. As a result of its customer base growth, Netflix shares have increased by 10.4 percent on Monday. Regarding […]

Amazon Sparks Antitrust Concerns

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Amazon Inc. has recently agreed to buy Whole Foods Market Inc. for $13.7 billion as part of their expansion plans. Amazon’s sustained major growth is raising concerns with Wall Street and Washington regarding antitrust policy. Lawmakers are cautious but wish to investigate the potential ramifications this business deal will have on customers. One U.S. lawmaker, […]

J.C. Penney Toying with New Store Idea

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
J.C. Penney has plans to introduce toy stores within its department stores in an attempt to draw in more customers along with their families. The efforts are intended to recapture part of J.C. Penney’s past spirit when their stores drew in both children and their parents through their holiday catalogs. In order to reestablish a […]

Uber-Yandex Ride-Sharing Merger in Russia

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Uber and Yandex have agreed to a merger of their ride-sharing businesses in Russia and five eastern European markets with Yandex. This is the second withdrawal on Uber’s global presence since their exit from China a year ago. Yandex, which is essentially the “Google of Russia,” will be the leading partner in this newly established […]

Data Breach Exposes Millions of Verizon Customer Records

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
Verizon’s partner Nice Systems suffered a data breach that exposed the records of 6 million customers. The data was accessed through an unprotected Amazon S3 storage server, leaving records compromised by customer service calls facilitator. Verizon claims that despite the data breach no loss or theft of customer information occurred. The records in question are […]

Yellen Reports Fed Rate and Portfolio Plans

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
Fed Chair Janet Yellen has reported that the U.S. economy is healthy enough for the Fed to raise rates and to begin tackling its massive bond portfolio. However, Yellen also cautions that a low inflation and a low neutral rate may leave the central bank with diminished leeway. Yellen appeared before Congress to depict an […]

Overestimated IPOs Valuation Drops

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
Snap Inc. and Blue Apron Holdings Inc. have faced difficult discrepancies in stock valuation during their transition from private to public valuations. What were the two most anticipated IPOs have now become case examples of inconsistencies between private and public funding? They now serve as a reminder that stock value is not the only important […]

EPA Intends Reversal of Controversial Alaskan Gold Mine Opposition

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
The Environmental Protection Agency (EPA) has proposed withdrawing its 2014 determination barring any large-scale mine in Alaska’s Bristol Bay. The Trump administration has been working hard and taken several key steps towards paving the way for this controversial mine. A successful implementation allowing the mine would be a distinct reversal from former President Barack Obama’s opposition […]

Men’s New York Fashion Week: What You Need to Know

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
This week marks the fifth season of the “New York Fashion Week: Men’s” fashioned by the Council of Fashion Designers of America. More than 50 brands will be showcasing their spring 2018 collections in the hopes of drawing attention from editors and retail executives. Lower Manhattan has become a playground buzzing with models, designers and […]

Financial Firms Vulnerable to Class-Action Lawsuits

  • Cedric Brenninkmeijer
  • 11 Months ago
  • 0
The Consumer Financial Protection Bureau has planned to adopt a rule that would prohibit financial firms from forcing Americans into arbitration in disputes over their bank and credit card accounts. This rule will affect millions of Americans, as they are no longer subject to the whims of financial firms and their exploitative measures the isolate […]
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