China’s President Xi Jinping and Saudi King Salman bin Abdulaziz. LINTAO ZHANG/AFP via Getty Images Saudi Arabia is expected to charge its highest-ever premium for oil cargoes headed to Asia, according to Bloomberg. The world’s top oil exporter is planning a $10.80-per-barrel markup for its Arab Light crude over the regional benchmark price. Global oil…
Monthly Archives: July 2022
Mobile proximity and peer-to-peer (P2P) payments have hit the mainstream, thanks to a pandemic-driven upswing in digital payments. We present our eMarketer forecasts for growth in the mobile proximity and mobile P2P payments space, as well as assess top players in each area. Do you work in the Financial Services industry? Get business insights on…
Ships in the Singapore Strait, which connects the Malacca Strait to the South China Sea, on September 21, 2021. ROSLAN RAHMAN/AFP via Getty Images The US military is increasingly concerned about China’s presence near major maritime chokepoints. Much of the world’s commercial traffic uses those waterways, and they also have strategic military value. US military…
SoFi is a fintech platform. SoFi; Alyssa Powell/Business Insider The bottom line: SoFi Checking and Savings is a great account option if you don’t mind keeping your savings and checking in one account. You can earn a competitive interest rate if you set up a direct deposit. Pros and cons ProsCons Earn SoFi Checking and…
A Virgin Atlantic Airbus A350 lands at London Heathrow Airport, England on Monday 14th September 2020. Photo by Robert Smith/MI News/NurPhoto via Getty Images A Virgin Atlantic flight was forced to divert after passengers and crew detained an unruly passenger. The flight was en route from London to Los Angeles when it landed in Salt…
Penny stocks can be fun to play with, but they’re not for faint-of-heart investors. jodiecoston/Getty Images Penny stocks, stocks that trade at less than $5 a share, can be lucrative but also dangerous, their market rife with fraud.Investors can avoid scams by investing via reputable brokers, avoiding unsolicited offers, and sticking with companies that trade…
President Joe Biden joins a meeting virtually after testing positive for COVID-19. Anna Moneymaker/Getty Images After five days following CDC guidelines, President Joe Biden has tested negative for COVID-19. President Biden tested positive for the virus Thursday. He completed a five-day Paxlovid course, according to the White House. President Joe Biden has tested negative for…
Spencer Platt/Getty Images US stocks jumped on Wednesday after Alphabet and Microsoft delivered second-quarter earnings that impressed investors.Mega-cap tech firms Amazon, Meta Platforms, and Apple are on deck for quarterly results later this week.The Fed is expected to hike interest rates by another 75 basis points at its meeting today. US stocks jumped on Wednesday…
A formerly sunken boat sits high and dry along the shoreline of Lake Mead at the Lake Mead National Recreation Area, on May 10, 2022, near Boulder City, Nevada. John Locher/Getty Images A third set of human remains was discovered at Nevada’s Lake Mead on July 25. In May, witnesses discovered two other bodies in…
Howard Marks. YouTube / Talks at Google Howard Marks discussed bargain hunting, paying the right price, and the current state of markets. He touted contrarian thinking and conviction, and cautioned against bouncing between ideas. Marks shared his thoughts on a recent podcast and in a new memo. Here are the 10 best quotes. Howard Marks…