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Tesla CEO Musk’s Tweet Hints at Top Secret Masterplan

Following an embattled several weeks for the Silicon Valley heavyweight, part two of his "top secret Tesla masterplan" would soo be published by Tesla Motors Inc CEO Elon Musk who tweeted to this effect on Sunday this week.   Apart from the fact that there are ongoing questions being raised...

Marijuana Legalization Viewed as a Pot of Gold by California Businessmen

Political operative and father of four Daniel Conway has already staked his future on the legalization of recreational marijuana in California even though there is no guarantee that California will vote to legalize it in November.   According to a recent Reuters report, Conway is helping to...

JPMorgan, Citi, HSBC Reportedly Tapped by Saudi Arabia on Dollar Bond

To make arrangements for the first international bond sale, Saudi Arabia appointed JPMorgan Chase & Co., HSBC Holdings Plc and Citigroup Inc., says several media sources quoting people with knowledge of the matter.   According to the people, who asked not to be identified as the...

Despite Brexit Vote Results, Crispin Odey’s Main Hedge Fund Said to Gain 15%

Gaining exclusive information from a private poll conducted ahead of the vote on the U.K.’s referendum on membership of the European Union, hedge-fund manager Crispin Odey gained more than 15 percent in his flagship hedge fund on Friday.   Various market sources in London were quoted in the...

Orlando Shooting Incident Results in Jump in US Firearms Maker’s Shares

Expectations of a spike in firearm sales led to the shares of U.S. firearm makers surging following wide spread and renewed fears of tighter gun control after the deadliest mass shooting in U.S. history in Orlando. While the sale of Sturm Ruger & Co Inc  jumped 10.7 percent, the sale of...

Europe Weighs down Global Stocks Despite being on a High

Weighed down by a weak start to the session in Europe and political concerns that sent Germany's 10-year government bond yield to a record low, world stocks struggled to build on six-week highs after mixed Chinese data.   After two days of gains pushed the pan-European FTSEurofirst 300 index...

Reduce Barrier to Foreign Business, US tells China

Claiming that in recent months, there has been a raise in concerns due to a more complex regulatory environment in China, senior U.S. officials pressed China again on Tuesday to reduce barriers for foreign businesses.   Following the roll-out of a national security law limiting the use of...

Signaling Signs of Life for Singapore’s Office Market, BlackRock makes a $2.5 Billion Sale

The office real estate market in Singapore has been in recent times gripped by worries about oversupply and rising vacancies. Amidst this the announcement of BlackRock Inc about the sale of a 43-storey Singapore office tower for $2.5 billion - one of at least three office building deals in the last...

Dozens of Cybersecurity Breaches Shown in US Fed Records: Reuters

US Fed records show that the agency had detected many cases of internal espionage in more than 50 cases of cyber breaches between 2011 and 2015.   Reuters reported that in many of the incidents, the central bank's staff suspected hackers or spies, the records show. The Fed's computer systems...

Warnings on U.S. Financial Security Issued by NY Lawmaker after SWIFT Attacks

US’s top banking regulators have been asked to note that the recent hacks of international banks through the SWIFT messaging system raise serious questions about cyber-related risks to U.S. firms by the Representative Carolyn Maloney in a letter that Maloney wrote on Monday regulators who had asked...

A Unique Metal that is Very rare and Little Understood and yet in Demand

While most of the metals have lost their luster   during the commodity slump, there’s at least one metal that’s been attracting a lot of attention.   A metal - Niobium used to produce stronger, lighter steel for industrial pipes and aircraft parts, is mined in only three places on...

Gold Holdings Surge 25% Faltering Central Bankers’ Wisdom

There is pace in the great gold rush of 2016. With investors taking advantage of lower prices over the past two weeks to enlarge stakes on rising concern about central bank policy making worldwide, holdings in exchange-traded funds have now surged by a quarter.   After bottoming at a...
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