By Jeff Desjardins, Visual Capitalist CAN UPSTART ROBO-ADVISORS COMPETE AGAINST SCALE? It was going to happen sooner or later. When they launched roughly five years ago, tech-driven companies such as Betterment or Wealthfront had the audacious and laudable goal of taking on the incumbents of the gargantuan wealth management industry. Many traditional wealth managers were skeptical of … Continue reading
The swift growth of the Polish economy has created a demand for workers, particularly cheap labor from the East. The gap is being filled by people from Belarus and Ukraine, many of whom used to work in Russia. More and more ads saying Job openings in Poland for different qualifications of workers. We invite both … Continue reading
By Jeffrey P. Snider The front end of the oil price complex continues to get all the attention because it seems to further the more optimistic narrative. It is the back end, however, that is most significant. The nearer maturities of the futures curve reflect more the funding environment than the fundamental view of oil and … Continue reading
Germany’s Siemens has expressed an interest in cooperating with Russia and China to produce rolling stock for the high-speed rail route from Moscow to Kazan. “We may consider a trilateral partnership. We have a joint venture with the Russian Sinara group and excellent relations with China in the area of train production. We have also … Continue reading
By Marc Chandler The FOMC delivered a statement largely as expected. It upgraded its assessment of the global economy by dropping the reference to risks. It downgraded its assessment of the domestic economy by acknowledging that growth has slowed. Otherwise is general economic assessment remains little changed. The labor market continues to improve, though growth … Continue reading
By Michael Lelyveld China’s biggest oilfield is suffering huge losses as the government seeks to avoid layoffs despite prices that have dropped below production costs. On April 8, the official Xinhua news agency reported that the Daqing oilfield in northern Heilongjiang province lost over 5 billion yuan (U.S. $769 million) in the first two months … Continue reading
By Melissa Dykes I know, I know, this really hinders your Kuwait travel plans. In the first law of its kind anywhere in the world, Kuwait has decided it will not only “DNA tag” everyone presently in the country as part of a new “integrated security database,” but all tourists will be required to submit a … Continue reading
By Shannon Van Sant Chinese investment in the United States is expected to break records this year, as massive amounts of money continue to flow from China. Chinese companies looking to expand and merge with U.S. firms are expected to invest $20 billion to $30 billion in many sectors. Sean Miner oversees the China program at … Continue reading
By Michael Snyder Corporate revenues in the United States have been falling for quite some time, but now some of the biggest companies in the entire nation are reporting extremely disappointing results. On Tuesday, Apple shocked the financial world by reporting that revenue for the first quarter had fallen 7.4 billion dollars compared to the … Continue reading
By Mark Esposito, Amit Kapoor, Deepti Mathur The BRICS club (Brazil, Russia, India, China and South Africa), which used to be known for its tremendous growth potential, is today in the midst of severe economic and political woes. Apart from the Federal rate increase which has contributed to the mounting debt burden for these economies; falling … Continue reading