U.S. Housing Prices Out of Touch with Reality

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 […]
  • Cedric Brenninkmeijer
  • July 30, 2017
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Euro Reaches Two-Year Dollar High

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 […]
  • Cedric Brenninkmeijer
  • July 24, 2017
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Verizon Not Delivering to Customer Expectations

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 […]
  • Cedric Brenninkmeijer
  • July 24, 2017
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Bank of America Prepares Dublin as Brexit Backup Plan

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 […]
  • Cedric Brenninkmeijer
  • July 22, 2017
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Chinese Courier ZTO Sued Over False IPO Listing

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 […]
  • Cedric Brenninkmeijer
  • July 22, 2017
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Two Leading Black Markets Abolished by U.S. and European Authorities

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 […]
  • Cedric Brenninkmeijer
  • July 22, 2017
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Facebook to Allow Publishers a Subscription Fee

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. […]
  • Cedric Brenninkmeijer
  • July 22, 2017
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Amazon Meal Kit Plans

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 […]
  • Cedric Brenninkmeijer
  • July 22, 2017
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Beijing Blocks WhatsApp Access in Mainland China

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 […]
  • Cedric Brenninkmeijer
  • July 22, 2017
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