Monthly Archives: September 2018

Ganfeng Lithium IPO

Ganfeng Lithium a Lithium mining company, based in  China’s southeastern province of Jiangxi prices it shares this Wednesday. The anticipated raised capital could amount to $676MM, when it hits the open market on Wednesday, October 10th. This IPO comes when … Continue reading

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Oil Hits 4-Year High

On Tuesday, September 25th, Brent futures hit a high of $81 per barrel. A level not seen since 2014. Oil prices are rising as sanctions on Iran set to take effect in Mid-November leave investors worried about undersupply in the … Continue reading

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Consumer Confidence Hits All-Time High

The Consumer Confidence Index hit an all-time high this past Tuesday. The index is a broad measure of how confident Americans are in the U.S. Economy and is used by the Federal Reserve when determining interest rates. The index rose … Continue reading

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Federal Reserve Raises Rates to 2%-2.25%

The Federal Reserve announce on Wednesday that it will raise the fed funds rate to a range of 2-2.25%. This is the third time this year the central bank has raised rates, and the first time since 2008 the rate … Continue reading

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Elon Musk Settles with SEC

Elon Musk of Tesla has reached an agreement with the SEC after they charged him with securities fraud. The lawsuit is a result of an August tweet by Musk that claimed he will be taking Tesla private at $420 per … Continue reading

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Uber Eats Deliveroo?

Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion dollars. A bid for Deliveroo, a London-based company that was valued at more than $2 billion in the latest fiscal year, would be a major … Continue reading

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Trump Requested OPEC to Act on Stabilizing Oil Price

Both world’s largest oil producers, Saudi Arabia, and Russia have denied the request of increasing oil output from President Donald Trump. Trump had requested this proposition to slow down and maintain the oil price around $80 a barrel. To justify … Continue reading

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