Gold suffered greatly in 2013, with its value dropping by 28 percent, record outflows from gold exchange-traded funds, and a huge reduction in gold ETF holdings. Many are wondering why gold prices took such a nosedive. So, why did it? US Equities improved Economic conditions in the US improved this year, the dollar strengthened, and as a result […]

Audi has just launched a $30.4 billion five year investment project. The company stated that the investment will be used for the development of new car models, technologies, and to expand its worldwide production network. Over fifty percent of the investment will be going to the Ingolstadt and Neckarsulm Audi production sites in Germany – making […]

When Twitter made its market debut on Nov. 7 it was worth $26 /share – which some already deemed too high. However, its share price has increased by more than 169% – to around the 70 dollar mark. Why? That is a bit of a tricky question to answer considering that there has been no company news […]

This holiday season was a record (in terms of sales) for the online shopping giant Amazon as “millions of customers unwrapped Kindle e-readers and Kindle Fire tablets this holiday season.” The company reported sales of over 36.8 million on Cyber Monday (the Monday after Thanksgiving in the United States), with an average of 426 products being […]

Should California be divided into six different states? Yes says venture capitalist Tim Draper – who has started a proposal called “Six Californias”. According to Mr. Draper, California is “simply too big and bloated.” California is the most populous state in the United States and Draper says that creating policies to meet the needs of over […]

Irate customers all across the US are complaining about UPS and FedEx failing to deliver orders on time. The companies are saying that the volume of orders simply exceeded the capacity of their networks. UPS issued an update on its website saying: “UPS is experiencing heavy holiday volume and making every effort to get packages […]

Syria has just announced that it will be allowing the Russian oil company “Soyuzneftegaz” to explore Syrian waters for oil and gas. The agreement was signed by Suleiman Abbas (Syria’s Oil Minister), Syria’s General Petroleum Company, and Soyuzneftegaz. The contract grants the Russian company Soyuzneftegaz the right to explore 2,190 square kilometres of the Mediterranean for 25 years. […]

Researchers at the University of Toronto’s Rotman School of Management have found that religious communities tend to have the most “honest” businesses. According to the study, businesses in religious communities are less likely to not disclose bad financial news, regardless of whether the top people in the business are religious themselves. The results suggest that […]

The American government is beginning to crack down on credit-card companies for engaging in deceptive and illegal practices. American Express has just been ordered by the Consumer Financial Protection Bureau to pay a total of 75 million dollars for misleading consumers and carrying out “deceptive” practices between 2003 and spring 2012. Over 335,000 consumers will be receiving 59.5 […]

Companies that are mentioned in the Financial Times tend to experience an increase in volume of shares traded during the day of their mention, according to a new study conducted by researchers at the University of Warwick, UK.  A total of 1,821 issues of the Financial Times (from early 2007 to late 2012) were included in the analysis led by Merve Alanyali, Suzy […]