NEWS YOU CAN USE

Even the longest journey starts with a first step: Before Warren Buffett hit the financial markets, he sold used golf balls or Coca-Cola door-to-door. Another source of income for young Buffett was the idea of renting out flipper-machines. Amazon founder Jeff Bezos first job in the business world was behind a counter at McDonald’s. At 14, Bill Gates founded his first software company. With Traf-o-Data he …

‘Italy could be a bigger threat to the Euro than brexit‘ – Andrew Edwards, chief executive of ETX Capital The British pound plunged to fresh 31-year lows yesterday and was traded below 1.28 USD, but the fallout from Brexit has also brought renewed attention to Italy’s ailing banking system with the country’s 400 billion USD in non-performing loans.  A few days …

The transaction volume for bitcoin is predicted to more than triple this year, helped by the prospects of a Donald Trump presidency, according to the study, “Will Bitcoins Bite Back,” published by Juniper Research. ‘If Donald Trump becomes president of the U.S., there is the very real prospect of turmoil on world markets as the Economist Intelligence Unit ranks his presidency within …

As much as everyone likes a good get-rich quick story, the rich typically didn’t make their wealth overnight. This thesis is supported by the ‘2016 Insights on Wealth and Worth‘ survey conducted by U.S. Trust. The study explored the common success traits of wealthy Americans across all generations, surveying close to 700 individuals with at least 3 million USD in investable …

The ‘Declaration of Independence‘ (and separation from Great Britain) was ratified by the Continental Congress of Philadelphia on July 4th, 1776 – today marks Americas 240th birthday. That’s why this post is dedicated to the largest US corporations: For more than 60 years, since 1955 to be exact, Fortune’ Magazine has produced an annual list of the 500 US corporations …

At the end of this month, Tesla will organize a special event to celebrate the opening of the enormous Gigafactory 1 in Sparks, just outside of Reno (Nevada). Although it will take another 4 years, until the Gigafactory 1 reaches full capacity, the name is hinting that more will follow. German Vice-Chancellor and Economy Minister Sigmar Gabriel recently confirmed being in talks with Tesla CEO …

The most expensive item many of us own is, apart from the house, our car. On average, Americans spend about 5%, west Europeans more like 10 % of their income on purchasing a car and another 5 to 10 % towards on-going vehicle maintenance and insurance costs. But it costs more to keep some cars running than others. And different …

You know what robots are, but how about mobots? And you’ve likely heard of the Internet of Things, but do you know about the Internet of Energy? These are only a couple of the terms Goldman Sachs thinks are key lifestyle, scientific and technological developments today. The investment bank has released a new list of new business trends and buzzwords …

Every new company has to begin somewhere. Why not in a garage?  Here are 5 of the biggest companies in the world, all of which were started in their founders’ garages, followed by an infographic titled ‘Billion Dollar Companies That Started In A Garage’ made by essay-writing-place.com Disney Walt and Roy Disney created their first films in their uncle’s garage in 1923. …

Since Brexit, the silver price saw a huge rally to almost 18 USD per ounce. And the reaction was a classic ‘risk off-safety on’ trade. Worldwide stock markets fell off a cliff, while the U.S. dollar, gold and silver rose sharply. In this post, I’d like to highlight silver’s incredible characteristics that makes it the most versatile metal in the …