Category: Featured

  The IPO market has been relatively slow throughout 2016, but it’s predicted to stabilize — or even increase — in 2017. Experts are saying that the upcoming presidential election, along with interest rates and some issues stemming from Brexit earlier this year, are to blame for the downturn in the initial public offering market. The market is down 71% year over year. Only 11 companies went public during the first quarter of 2016, and overall, just 75 IPO deals … Continue reading “IPO Market Predicted to Pick Up in 2017”

Thanks to a major business deal halfway around the world, Apple is now an investor in Uber — at least by a few degrees of separation. Back in May, Apple made a $1 billion investment in China’s largest ride-sharing business, Didi Chuxing, which has outpaced Uber in the country for years. On August 1, Didi announced it would be buying out Uber’s operations in the country and, in turn, investing $1 billion of its own into Uber’s global efforts. “Didi … Continue reading “Apple and Uber Tied Up in Chinese Ride-Share Economy”

In an announcement on Tuesday, Hyundai Motor said that they would partner with Cisco Systems to develop Internet-connected car technology. This innovation is part of the automaker’s attempt to develop “high-performing computers on wheels.” The partnership is not a huge surprise. Recently auto and tech firms have been using their respective expertise to expand services that allow cars to hook up to the internet. Technological advancements that would make the self-driving car possible would be heavily dependent on such technology. … Continue reading “The Internet Car Will Soon Be Here: A New Partnership Between Hyundai and Cisco System”

A report from data firm IMS Health showed that U.S. spending on prescription drugs rose 8.5% last year, primarily driven by the growing use of ultra-expensive new drugs and the rising prices of other medicines. Estimates showed that patients, insurers, and government programs spent a combined $309.5 billion last year on prescription medicines. The IMS Institute forecasted that the annual increase in U.S. prescription drug spending will slow to 4 to 7% through 2020 but will reach $370 billion to … Continue reading “Drug Prices Rising and Aren’t Expected to Go Down”

Recent reports show that corn prices have collapsed over the past three years, falling over 120%. Oat, soybean, and wheat prices have also dropped tremendously, according to the United States Department of Agriculture. Many farmers believe there are still things that can be done to turn the industry around. “There are always tweaks to the system,” Tom Vilsack, USDA Agriculture Secretary said. “I think we still have to give some farmers some flexibility in terms of the counties they select … Continue reading “Rise in Crop Prices Affecting Farmers”

It’s almost wedding season, and that means pockets are emptying and stress is building for many American couples. According to ATTN:, the average wedding now costs more than $30,000; in 2012, receptions alone averaged out to $13,106 in cost, and now that number is only going up. Today, if couples really want to splurge, there certainly are various “ridiculous” wedding expenses they might incur. Jen Glantz, a writer and bridesmaid-for-hire, told CNBC that she noticed a “lack of a person … Continue reading “The Cost of a Wedding Can Range From Fair to Ridiculous”

The average U.S. household may owe $15,355 in credit card debt, but Deutsche Bank, a huge German lender, owes more than a couple billion dollars overall, after suffering a loss of $7.4 billion in 2015. In a move intended to increase investor confidence in the German lender and the value of its securities, Deutsche Bank AG intends to buy back $5.4 billion of its senior unsecured debt, Fox Business reported. The buyback is targeting $3.4 billion in euro-denominated securities and $2 billion … Continue reading “Deutsche Bank Plans To Buy Back $5.4 Billion In It’s Own Debt”