The first two days of Greek market activity saw nothing but bloody reds as the Athens Stock Exchange witness massive selloffs from foreign investors unrestricted by current capital controls that limit withdrawals from local banks to a measly €60.
Investors
World stocks mostly higher on steady Yuan, Greece expected bailout
Most of the world stock markets were higher last Monday due to the steady Yuan and the expected bailout of Greece.
Baby Boomers may have too much of their savings invested in stocks
Members of the Baby Boomer generation may have too much of their retirement savings being invested heavily in stocks.
Bill Gates’ Poop Machine can solve a sanitation problem with a clean water and biofuel solution
Earlier this year, we saw Bill Gates drinking water that was originally taken from poop. The poop machine that turned dirty water to clean water is also called the Omniprocessor, designed by Peter Jackini and partially funded by the Bill & Melinda Gates Foundation. Gates wrote on his blog that he was impressed with what Jackini has built and he is thrilled with the business model.
US banks lead the equity trading revenues in Q2
Morgan Stanley, JPMorgan Chase and Goldman Sachs were the top-three beneficiaries in equity trading revenues during the second quarter of 2015.
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If you're planning to purchase a home or simply need to get a loan, then J.P. Morgan is the answer. J.P. Morgan Chase & Co. which is the nation's largest bank by assets, has become less strict with its criteria when it comes to large mortgages, as numbers of lenders build up to get a bigger portion of the high-end housing market.
The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index ticked lower, weighed by Disney's largest daily drop in almost seven years.
Asian shares markets got off to a watchful start on Wednesday as the mounting risks of a hike in U.S. interest rates as early as next month lifted the dollar and sovereign bond yields, pressuring currencies across the region.
In an interview, the CEO of $2.4B worth Slack app and Flickr co-founder, Stewart Butterfield, admitted he is a 'terrible manager'.
Lens Technology is a $7.2B worth glass screen business in China. The company provides glass screens to top labels like Samsung, Windows and Apple and had made a public offer in March. It is owned and founded by Zhou Qunfei, the richest self-made woman in China who used to work as a factory worker.
Controversial real estate mogul and presidential hopeful Donald Trump has sold his New York Trump Park Avenue penthouse for 21 million dollars, said real estate listing agent Michelle Griffith.
The 40-year record high of US dollar against some major currencies is ringing alarm bells for another currency crisis. The ongoing situation could also trigger for another round of crash in the emerging markets. The world is more integrated now than in those days of 1980s and 1990s that witnessed major currency crisis.
Can $500 billion restore normalcy in Chinese stock market? China's stock market capitalization melts by $3-trillion as equities crash 30% in less than a month while State-owned banks step in with buying support. Technical charts indicate further fall and economy slowdown becomes a major concern.
U.S. stocks ended sharply higher on Tuesday, breaking a five-day losing streak as attention shifted from trouble in Chinese equities to U.S. corporate earnings and to speculation the first Federal Reserve interest rate hike may not come until December.
