Category: Uncategorized
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Concerned investors push U.S. mortgage rates higher
The 30-year fixed average mortgage rate climbed to 3% this week as worries about inflation and the possibility of moves by the Federal Reserve left investors nervous. Data released by Freddie Mac revealed the figures. By comparison, it was 2.94% a week ago and 3.24% a year ago. Freddie Mac based its figures on the…
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Empowerment or Exploitation? The Gig Economy and Its Impact on Workers
The gig economy has been lauded as a modern-day solution to unemployment and underemployment. It has given rise to platforms that allow individuals to earn money by providing services on a part-time or freelance basis. While the gig economy has created opportunities for many, there is growing concern that it may be exploiting workers rather…
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Nissan retains faith in UK post-Brexit
Japanese car giant to create thousands of new jobs in battery production Nissan is set to announce a massive expansion of its battery production capacity in Sunderland. The move by the Japanese car manufacturer is expected to create thousands of jobs, both directly and along the supply chain. The move is a major shot in…
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Not lost in space
Branson and Bezos hope recent high-publicity flights will kick start space tourism Despite some commentators musing that the world would be a better place if Richard Branson and Jeff Bezos didn’t bother returning, both entrepreneurs successfully made it back to earth after high-profile space flights. Jeff Bezos and three other passengers successfully completed the inaugural…
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One of the world’s richest men set to leave planet
Jeff Bezos to go into space on the inaugural crewed flight of the New Shepard rocket Jeff Bezos will finally achieve one of his lifelong ambitions when he blasts off into space aboard his New Shepard rocket. Many kids dream of becoming astronauts, for the very few that realize the dream the path to becoming…
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Streaming arms race heats up
Amazon looks to purchase MGM Studios for $9 billion Whilst the companies themselves remained tight-lipped on the matter, multiple sources are reporting that Amazon is involved in discussions to acquire one of Hollywood’s most historic studios, MGM. The story was first reported by the technology news website The Information and followed up with reports in…
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Credit Suisse’s problems intensify
Credit Suisse’s disastrous dealings with collapsed hedge fund firm Archegos Capital Management are worse than was initially feared. The Swiss bank had already booked a 4.3 billion francs charge in the first quarter of the year as a result of its trades with Bill Huang’s hedge fund. Now, it is saying that it hasn’t finished…
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Nobody’s perfect: Warren Buffett’s three biggest investment blunders
Even one of the shrewdest investors of our time can occasionally make mistakes. Since 1964 Warren Buffett has consistently posted results that equate to an average annual return of 20%. For the period of his leadership of Berkshire Hathaway, this equates to a 2,800,000% return on investment. It is no wonder then, that he is…
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Why Facebook stock could be a good bet
Last year’s stock performance by Facebook was incredible and better than any forecast expected. Many analysts forecast that it may have peaked, and, for late investors, the bus had been missed. But Facebook stock is still outpacing the S & P 500 and does not look like it is going to slow down anytime soon.…