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Business News

Location American Business News for 11 August 2016
Areas plagued by underwater mortgages
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Arianna Huffington Stepping Down as Huffington Post Editor in Chief Ms. Huffington helped begin the media company, now owned by Verizon, in 2005 and will be focusing on her new venture, Thrive Global.
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Russia's economy: 18 months of recession Russian GDP slumped 0.6% in the second quarter compared to last year, marking 18 months of recession.
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Craft beer made this home brewer a billionaire Read full story for latest details.
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On the one-year anniversary of the big devaluation of the yuan, analysts see a stronger U.S. dollar leading to further gradual depreciation in the yuan.
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The Trump campaign has been a disaster for the Trump brand Campaigns often take a bruising toll on candidate's public image. This one's no different.
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Wall St. Opens Higher, Bolstered by Retail Earnings

The New York Times - 11 Aug 2016 18:02
The department store operator Macy's, which said it would close 100 stores, jumped 16 percent. Kohl's climbed 15 percent.
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Venezuela Is Drowning In Its Own Oil

Forbes - 11 Aug 2016 17:00
Venezuela Is Drowning In Its Own Oil Venezuela has oil everywhere but not a drop to sell. How did heavy oil from Venezuela's Orinoco Belt tar sands (plus socialism) sink Venezuela's economy?
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Vietnam's Fast Economic Growth Is Quietly Slipping, But No One Cares In central Ho Chi Minh City, financial hub of the fast-growing Vietnamese economy, 20-somethings with designer hairdos jump out of polished black sedans to pack the coffeehouses on every block and fill restaurants servin...
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Google Electrifies Medical Research

Forbes - 11 Aug 2016 18:03
Google Electrifies Medical Research GlaxoSmithKline and the Verily Life Sciences unit of Alphabet believe they can stand traditional medicine on its head with tiny implantable robots.
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9 Types of Entrepreneurial Behavior

Forbes - 11 Aug 2016 07:30
9 Types of Entrepreneurial Behavior Thirty years ago, when I was just starting out as an entrepreneur, the only quality I thought I had in common with other entrepreneurs was that we were all nuts! After all, I was walking away from a perfectly good job as...
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How to start investing if you have $100 or less

Washington Post - 11 Aug 2016 21:08
How to start investing if you have $100 or less New apps and trading platforms are making it easy to start investing with as little as $5, but you should know your options before you get started.
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Failed Indiegogo startup Skully set for bankruptcy Read full story for latest details.
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A combination of two big factors signals that, despite the multiple supply disruptions and the steady decline seen in U.S. production in recent months, the world is still very much oversupplied.
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Gold investment at highest ever level - 16% above previous record For the first time, investors were the largest buyers of gold for two consecutive quarters Hedge funds and other western investors have been piling into gold this year, pushing investment to a record high and driving the...
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Gymnasts' gem-studded uniforms aren't cheap The U.S. women's gymnastics team is sporting Olympic uniforms that cost $700 to $1,200 each.
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The Bank of Korea kept its base rate unchanged for a second straight month in August as widely expected.
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New Jersey Resources (NJR) Shares Enter Oversold Territory In trading on Thursday, shares of New Jersey Resources Corp (NYSE: NJR) entered into oversold territory, changing hands as low as $34.86 per share. We define oversold territory using the Relative Strength Index, or RSI, ...
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US retailer Macy's to close 100 stores

BBC - 11 Aug 2016 18:53
US retailer Macy's to close 100 stores US department store chain Macy's is to close about 100 stores and increase investment in its online business after 18 months of sliding sales.
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How Cognitive Computing And The IoT Can Transform Manufacturing To Please Customers Talk to any manufacturing executive and odds are they have heard of Industry 4.0.
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South Africa regains Africa's 'biggest economy' title from Nigeria South Africa regains the title of Africa's 'largest economy' from Nigeria, according to IMF data.
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Globalization 2.0 Is Coming To An End

Forbes - 12 Aug 2016 00:00
I’m not the only free trader who is having second thoughts. Stephen Roach, formerly chief economist at Morgan Stanley, wrote:
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