News 

Here’s how the two winners of $687.8 million Powerball jackpot get to invest their money

“For the two winners who have come forward to split the $687.8 million Powerball jackpot, investing is about to take on a whole new meaning” writes unknown author for cnbc.com. Robert Bailey, a 67-year-old retired postal worker in New York, claimed his lump-sum share — about $125.4 million after tax withholdings — on Wednesday.The other winner, Lerynne West, a 51-year-old mother of three in Redfield, Iowa, came forward more than a week ago to claim her haul of $140.6 million (also after tax withholdings).The amounts are not the same due…

Read More
News Oil 

There will be an oil shortage in the 2020s, Goldman Sachs says

“An oil shortage is coming says Goldman Sachs, because firms cannot fully invest in future production” writes David Reid for cnbc.com. Global oil majors are increasingly looking to invest in lower-carbon areas of the energy sector, as they react to pressure for cleaner energy, both from government policy and investors.”In the 2020’s we are going to have a clear physical shortage of oil because nobody is allowed to fully invest in future oil production,” Michele Della Vigna, Head of EMEA Natural Resources Research at Goldman Sachs told CNBC Friday.”The low…

Read More
News 

Chinese tech CEO predicts ‘exponential’ growth in financial technology

“Financial technology has reached a tipping point for China’s Ping An Technology and future growth in that area is set to be exponential, according to CEO Ericson Chan” writes unknown author for cnbc.com. “We focus on five different ecosystems, but when we invest, we first invest in the core technology,” Chan said.Ping An Technology’s focus is on applying various technologies in areas such as finance, health care and smart cities.”We develop our own cloud technology out of a necessity,” he said.The five so-called ecosystems where Ping An will invest are…

Read More
Crypto News 

Texas Serves Cease and Desist Order to Another Crypto Scam

“The Texas State Securities Board has served a cease and desist order to a fraudulent cryptocurrency company, according to an official document” reports financemagnates.com. The company in question is called ECY Crypto, aka Exycrypto, and claims to be based in La Cité-Limoilou, Quebec.They are Morgan Nolan, Rafael Logan, and Melissa Spring, the company’s promotions manager, business development manager and strategy director respectively.Looking at the website, the company appears to be confused as to what exactly it is offering to its “12,783” users. Source: financemagnates.com Share This:

Read More
Crypto News 

Survey: Younger Germans More Inclined to Invest in Cryptocurrencies

“More than a quarter of younger Germans is ready to buy cryptocurrencies, according to a recent poll by the German Consumer Centers of Hesse and Saxony published Monday, Nov. 5” writes Ana Berman for cointelegraph.com. More than a half of respondents — 55 percent — claim they have heard of cryptocurrencies. 77 percent of those who are aware of digital currencies admit they are not likely to invest in them. Source: cointelegraph.com Share This:

Read More
Markets News 

GOLDMAN SACHS: Corporate profits are getting squeezed from all sides — here’s where you should invest to avoid the slowdown

“They’ve relied on it as the primary driver of stock gains throughout the nearly 10-year bull market, and old habits die hard” writes Joe Ciolli for businessinsider.com. It was inevitable, but that doesn’t make it any less painful for investors accustomed to continuously robust earnings growth.The chart below shows the recent worsening of corporate margins pressures as the labor market has tightened.Sure, companies in the S&P 500 are on pace to grow profits at a more than 20% clip, which is still above the bull market average.After a streak of…

Read More
News Platforms 

WhatsApp CEO confirms ads in Status, announces ‘Startup Challenge’ with Invest India

“For Invest India, the government arm that refers startups to investors, this is one of the largest corporate partnerships” writes Please Enter Your for entrackr.com. The Facebook-owned messaging app also promises to invest $250,000 in the top five winners of ‘WhatsApp Startup Challenge’ in a seed round.As per the plan, the application will show the ads in the Status section which will be linked to the advertiser’s profile on WhatsApp. Source: entrackr.com Share This:

Read More
Crypto Markets News 

New Wave Capital Users Invest More in Cryptocurrencies Despite Bearish Market Conditions

“New Wave Capital, a crypto robo-advisor, sees clients invest more money during this ongoing bearish market” writes Jp Buntinx for livebitcoinnews.com. Despite the success of New Wave Capital, the market pressure remains in place.New Wave Capital makes investing in cryptocurrency straightforward. Source: livebitcoinnews.com Share This:

Read More