Airbnb plans to go public in 2020

Airbnb plans to go public in 2020

Airbnb has put to rest speculation about the timing of its IPO. The vacation rental company today took the rare step of announcing in a press release that it plans to go public next year, in 2020. The startup, which...
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Marshall Islands Creating New Cryptocurrency For De-Dollarize Purpose

Marshall Islands Creating New Cryptocurrency For De-Dollarize Purpose

The Republic of the Marshall Islands has been using the US dollar since 1979.  But in a new Bloomberg report and a statement from a senior Marshall Islands official, that could all change as the country with a population of 75,000 could soon issue a...
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Massive Fires And Explosions Erupt After Drone Strike Hits World’s Largest Oil Processing Facility In Saudi Arabia

Massive Fires And Explosions Erupt After Drone Strike Hits World’s Largest Oil Processing Facility In Saudi Arabia

What appears to be the most devastating Yemen Houthi rebel attack on Saudi Arabia to date, took place overnight on the world’s largest oil processing facility as stunning videos emerged of massive explosions rocking the major Aramco Buqyaq facility a...
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WeWork Valuation Crashes From $47 Billion To As Low As $10 Billion

WeWork Valuation Crashes From $47 Billion To As Low As $10 Billion

The We Company’s underwriters must be having serious trouble securing orders for WeWork’s planned IPO, because in what is at least the fourth reported downgrade to the company’s valuation in less than 10 days, Reuters reports that the compa...
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Frankfurt 2019: BMW Concept 4, Nissan parody in Francfort and Hyundai retro EV

Frankfurt 2019: BMW Concept 4, Nissan parody in Francfort and Hyundai retro EV

BMW Concept 4 Debuts With Massive Double Kidney Grille BMW has revealed the Concept 4 Series Coupé at the Frankfurt motor show, previewing radically revamped styling for the second-generation version of the two-door coupé, set to launch in late 2020...
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2019 Frankfurt Auto Show Starts

2019 Frankfurt Auto Show Starts

New 2020 Volkswagen ID.3: electric car arrives at Frankfurt The VW ID.3 arrives with a choice of three different battery sizes, with top spec models offering a range of between 242 and 342 miles. This is the Volkswagen ID.3, the...
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BNP Research: Tough Road Ahead for Oil

BNP Research: Tough Road Ahead for Oil

New research, led by Mark Lewis, Global Head of Sustainability Research at BNP Paribas Asset Management, shows that oil needs a long-term breakeven price of USD 10 – 20/barrel to remain competitive in mobility in his report Wells, Wires and...
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Heavy-Duty Truck Orders Collapsed 80% Y/Y

Heavy-Duty Truck Orders Collapsed 80% Y/Y

Production slashed, cancellation orders soar.  New reports from the trucking industry show the transportation recession continues to gain momentum through the end of summer, likely to continue through 2019 into 1H20. The US trucking industry had a blockbuster...
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August Car Sales: Hyundai, KIA, VW, Volvo, Porsche Up, While Infiniti and Mazda Falling Fast

August Car Sales: Hyundai, KIA, VW, Volvo, Porsche Up, While Infiniti and Mazda Falling Fast

August was a strong month in a not-so stellar year for overall car sales, and it saw the continued growth of everyone’s favorite trend: crossover and truck numbers dominating sedans and coupes. Toyota/Lexus (248,334 sales | ⇣ 0.7 percent YTD) The...
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When a bully is too much bullying, others negotiate alliances

When a bully is too much bullying, others negotiate alliances

China and Iran have negotiated a strategic partnership. Iran’s foreign minister Mohammad Zarif paid a visit to his Chinese counterpart Wang Li at the end of August to present a road map for the China-Iran comprehensive 25 years strategic partnership. T...
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Negative Interest Rates Threaten The Entire Financial System

Negative Interest Rates Threaten The Entire Financial System

The End Is Unforeseeable. Former Federal Reserve Chairman Alan Greenspan recently said he wouldn’t be surprised if yields on U.S. bonds turned negative and if they do, it wouldn’t be “that big a of a deal.” That seems to be a sentiment widely...
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The Myth Of The World’s Hottest Electric Car Market

The Myth Of The World’s Hottest Electric Car Market

Norway has been hailed as a model for electric vehicles adoption with EV sales exceeding 57% of new car sales in June of this year. This accomplishment stands at odds with the rest of the world, where despite substantial subsidies, EV sales...
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America’s Wealth Hinges on Its Ability to Borrow Big – or Else

America’s Wealth Hinges on Its Ability to Borrow Big – or Else

The U.S. economy is consistently ranked among the world’s strongest. But cut off its addiction to debt and exhaust its gold and currency reserves, and a very different picture would emerge. The nation’s health as measured by gross domestic product...
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France scraps plans for 4th-gen nuclear reactor

France scraps plans for 4th-gen nuclear reactor

After €730mn in investment, France scraps plans for 4th-gen nuclear reactor. The French nuclear agency says it axed plans to build a prototype fast-breeder nuclear reactor – at least for the foreseeable future – after spending over a decade and...
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Diamonds Are Forever, Nevertheless Sales Aren’t

Diamonds Are Forever, Nevertheless Sales Aren’t

Diamonds sector crisis – De Beers sales crashed 44% as demand plummets.  The Financial Times states that De Beers’, the world’s largest diamond miner, has seen a collapse in sales this month, as the entire industry is on the brink of a d...
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