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Business News

Location American Business News for 24 June 2016

Impressive potential in Nigeria

MoneyWeek - 24 Jun 2016 10:15
The Nigerian government has bowed to the inevitable and scrapped its currency peg to the US dollar. The post Impressive potential in Nigeria was first published on MoneyWeek.
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GOLD IS ROCKETING HIGHER

Business Insider - 24 Jun 2016 04:50
GOLD IS ROCKETING HIGHER Investors are fleeing to safety as the United Kingdom appears to have voted to leave the European Union. As of 11:48 p.m. ET, gold has soared 7.00% to roughly $1,351 an ounce. The precious metal had dived as low as $1,2...
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Deconverting condos feeds renters' growing demand

Chicago Tribune - 24 Jun 2016 18:59
Deconverting condos feeds renters' growing demand Stand just about anywhere in the Loop and look up. What do you see? Cranes. They reach into the sky throughout the city's core and are constructing upscale, high-rise apartments to meet the demand of millennials and empt...
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Turbulence and Uncertainty for the Market After 'Brexit'

The New York Times - 24 Jun 2016 05:59
Britain's vote to leave the Europe Union kicks off a fraught and unpredictable process likely to spook investors around the world.
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G-7 finance leaders will take 'all necessary steps to calm markets' if the UK votes to leave Thomson Reuters TOKYO
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Mexico's president just vetoed a package of anti-corruption bills Thomson Reuters Mexican President Enrique Pena Nieto on Thursday vetoed a package of anti-corruption bills, asking Congress to change a measure that would have forced people or firms who receive government funding to pub...
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There's a part of the US where you can't use cell phones or WiFi routers Cell phones, WiFi routers, and even electric blankets aren't allowed to be used in this part of the US. If they were, they'd interfere with one of the most sensitive telescopes in the world. Produced by Matt Stuart. Foll...
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Even Beijing isn't sure what it is trying to achieve in the South China Sea REUTERS/China Daily With a decision from an international ad hoc tribunal tasked with reviewing China’s maritime claims in the South China Sea looming, regional tensions are running high. A key problem is that no natio...
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This is Brexit: London stocks get crushed Read full story for latest details.
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Boris Johnson, the former London mayor who campaigned for Britain to exit the European Union, scored a major victory, according to forecasts by U.K. broadcasters, and is now a leading candidate to succeed Prime Minister ...
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Here's Deutsche Bank's best guess at what happens now that the UK has voted (GBPUSD, USD, GBP) REUTERS/Rebecca Naden Right now, the results of the UK's EU referendum are stunning global markets.  With about two-thirds of the vote in, the "Leave" camp has been called the winner by ITV and BBC. In response to the ...
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US stock futures are getting slammed after Brexit vote stuns markets (SPX, SPY) After surprises in the UK's EU referendum, US stock futures are getting absolutely demolished. Near 10:30 p.m. ET, S&P 500 futures were down as many as 75 points to as low as 2,030 while Dow futures were off more than 5...
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Doctors and nurses were just charged in a $900 million Medicare scam Christopher Furlong/Getty Images In some cases, doctors took part in schemes to submit claims to Medicare and Medicaid for treatments that were not necessary and were never provided. In others, health care providers offe...
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VAROUFAKIS: Brexit means that the 'EU's disintegration is now running at full speed' AP Yanis Varoufakis, the former Greek finance minister and outspoken political activist, believes that the historic vote by the United Kingdom to leave the European Union is a harbinger of the end of the EU. Writing in a...
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Brexit And The UK Television Industry: ITV First In The Firing Line, But Worries For Sky Too There's a reason why neither of Britain's two biggest commercial television companies expressed a pre-referendum view on the merits of Brexit: both Sky and ITV are Ofcom-regulated news providers, and must stay impartial ...
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House Speaker Paul Ryan (R-WI) unveiled his long-promised rewrite of the tax code today. The plan, which he says represents the consensus view of his Republican caucus, contemplates a substantial tax cut for businesses a...
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Pssst! A Little-Known Way Job Seekers Can Hear About Hidden Jobs Online talent communities can help you learn about potential employers and their job openings and let the firms know about you.
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British Banks Plunge On Brexit Vote, Bank Of England's Carney Attempts To Restore Confidence With investors in full retreat, Mark Carney, head of the Bank of England, worked to reassure global investors of the soundness of the British banking system, and institutions individually.
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11 Ways Brexit Will Impact The Premier League And Soccer Worldwide The withdrawal of the UK from the European Union will touch almost every facet of British life, soccer included.
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Will Britain's European workers get the boot? Read full story for latest details.
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Is this like the 2008 financial crisis?

CNN - 24 Jun 2016 16:00
Is this like the 2008 financial crisis? The shocking vote by Britain to leave the European Union is creating global market turmoil. Could this be the start of another market meltdown like the collapse of Lehman Brothers in 2008? Or a temporary blip like 1987 o...
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3 Criteria For Starting A Business That Will Thrive Thirty years ago, before I left a good job as a systems programmer to be a full-time entrepreneur, I'd come home from work with a head full of business ideas. Each one was better than the next. All my ideas were propelle...
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