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Wilbur Ross sees 1% GDP jump

Joshua Roberts | Reuters Secretary of Commerce Wilbur Ross speaks at 2017 SelectUSA Investment Summit in Oxon Hill, Maryland, U.S., June 19, 2017. The United States will see its gross domestic product rise by 1 percent if the government can get tax reform “right,” according to the commerce secretary. Getting …

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A small region in Iraq just became one of the oil market’s biggest concerns

Following the referendum, Turkish President Recep Tayyip Erdogan threatened to shut down a pipeline that transports about 500,000 barrels of oil per day from Iraqi Kurdistan to Ceyhan, Turkey. That daily volume is just shy of the total supply reductions that a group of oil exporters led by Russia made …

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This tech stocks drop is different and could mean market decline ahead

Large-cap technology shares including the FANG basket crushed the market this year and drove hedge fund performance. But with the technology stalwarts faltering, what does that mean for the stock market? “Some FANG stocks such as Amazon and Google/Alphabet have seen weakness before but usually it’s been company-specific and not …

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Russian foreign ministry ‘working behind scenes’ to resolve North Korea crisis: RIA

KCNA | Reuters North Korean leader Kim Jong Un visits the Command of the Strategic Force of the Korean People’s Army (KPA) in an unknown location in North Korea in this undated photo released by North Korea’s Korean Central News Agency (KCNA) on August 15, 2017. A conflict on the …

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Large diamond the Lesedi La Rona sells for $53 million

Don Emmert | AFP | Getty Images The 1,109 carat Lesedi La Rona rough diamond A diamond weighing 1,109 carats — the largest found since 1905 — has sold for $53 million. The Lesedi La Rona, which means “Our Light” in the Twsana language, was found in a Botswana mine …

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Shooting ‘incident’ occurred near residence of Philippine leader Duterte, officials say

Ted Aljibe | AFP | Getty Images Philippine President Rodrigo Duterte at a joint press conference at Malacanang Palace in Manila on March 13, 2017. A shooting incident took place on Tuesday close to the Manila residence of Philippine President Rodrigo Duterte, a spokesman for his security detail said, but …

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US disclosed flight route of B-1B bomber because North Korea didn’t seem to know

Ethan Miller | Getty Images A B-1B Lancer flies by during a U. S. Air Force firepower demonstration at the Nevada Test and Training Range September 14, 2007 near Indian Springs, Nevada. North Korea has been moving airplanes and boosting defenses on its east coast after the United States dispatched …

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Final turbine installed on 332 megawatt offshore wind farm

Chris Laurens | VisitBritain | Getty Images This image shows wind turbines near Whitstable and Herne Bay on the Kentish coast. The U.K. has become a world leader in offshore wind. The final turbine for the Nordsee One offshore wind farm has been installed and commercial operations are set to …

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After a bracing drop, Apple could now be an epic buy

Getty Images Apple employees cheer as the doors are opened for customers at the Fifth Avenue Apple Store, September 22, 2017 in New York City. Nomura Instinet analyst Jeffrey Kvaal struck a similar tone Friday. “Our iPhone 8 shipment time tracker indicates pre-orders are not as robust as during the …

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Bitcoin’s price is spiking higher by 7 percent right now

The price of bitcoin rose sharply on Monday with its price spiking up 7 percent Monday morning, according to Coindesk market data. The price of the cryptocurrency is up nearly 300 percent year to date. It was unclear what was behind Monday’s sudden move higher. Bitcoin is still under the …

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