Category: Business

Obsolete UH-1 Replacement Boeing MH-139 Helo to Start Testing in December
30. 9. 2019 No Responses

Obsolete UH-1 Replacement Boeing MH-139 Helo to Start Testing in December

The Air Force will receive its first MH-139 helicopter for testing in December, as it enters the next phase of the $2.4 billion effort to replace the obsolete Vietnam-era UH-1N Hueys, the head of Air Force Global Strike Command said...
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The Average American Household Income Is Unchanged In 30 Years
28. 9. 2019 No Responses

The Average American Household Income Is Unchanged In 30 Years

The Average American’s Income Is Unchanged In 30 Years. While The “1%” Have Soared. According to the latest Census Bureau figures released this month, real American incomes remained essentially flat in 2018 after three straight years of growt...
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Endeavor Pulls IPO After Peloton’s Fiasco
27. 9. 2019 No Responses

Endeavor Pulls IPO After Peloton’s Fiasco

Endeavor became the second big casualty of the IPO market’s recent chill after WeWork’s parent company pulled its offering earlier this month. It is the second time Endeavor has hit the brakes on its IPO this year. Part of the reason Endeavor...
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US Shale In A State Of Stall – CapEx Collapse Imminent
26. 9. 2019 No Responses

US Shale In A State Of Stall – CapEx Collapse Imminent

The financial stress sweeping over the U.S. shale sector has led to a sharp contraction in activity. Oil and gas activity in Texas and parts of New Mexico declined in the third quarter, with the Dallas Fed’s business activity index reporting...
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The $47 Trillion Slow Death Sentence For Oil & Gas
24. 9. 2019 No Responses

The $47 Trillion Slow Death Sentence For Oil & Gas

The future of hydrocarbons is becoming bleak if plans presented by international banks, representing around $47 trillion in value, will be fully implemented. So one assault will come by breakthrough new technologies and another by banks. Around 130 internati...
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Chinese Companies Dump $40 Billion In Global Assets
23. 9. 2019 No Responses

Chinese Companies Dump $40 Billion In Global Assets

Chinese Companies Dump $40 Billion In Global Assets, China Turn Net Seller For First Time In Decades At the behest of the Communist Party leadership, Chinese conglomerates and investor groups have this year transformed from sometimes overeager spree buyers of....
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Airbnb plans to go public in 2020
20. 9. 2019 No Responses

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
17. 9. 2019 No Responses

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
14. 9. 2019 No Responses

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
13. 9. 2019 No Responses

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
12. 9. 2019 No Responses

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
10. 9. 2019 No Responses

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
9. 9. 2019 No Responses

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
7. 9. 2019 No Responses

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
6. 9. 2019 No Responses

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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