Posts From Nikki Bailey

Saudi Arabia says OPEC and Russia could supply more oil to world markets “in the near future” to make up for a collapse in Venezuelan output and the impact of US sanctions on Iran. Speaking during a panel discussion hosted

Bitcoin’s price fell by more than 3% on Thursday morning following the news of a U.S. Justice Department probe into price manipulation in cryptocurrency markets. The investigation was revealed in a Bloomberg piece that said federal prosecutors were working with

Cambridge Analytica, overwhelmed by a scandal over how it harvested data from Facebook to influence the last U.S. election, filed for bankruptcy in New York. The U.K.-based political consulting firm had already said it would cease operations and wind down

  It’s time to throw away the silly Wall Street saying, “Sell in May and go away.” Yes, trading volume tends to dry up as the mercury rises. More people are on vacation, and there usually isn’t as much big

MUMBAI/NEW YORK (Reuters) – Walmart Inc (WMT.N) has agreed to pay $ 16 billion for a roughly 77 percent stake in Indian online shopping site Flipkart, the U.S. retailer’s biggest foreign investment as it battles rival Inc (AMZN.O) in

  Turbulence rocked the oil market after President Trump announced the United States will exit the Iran nuclear deal and impose “powerful” sanctions on the country. In a roller-coaster day of trading, US crude oil prices fell more than 4%

The Sage of Omaha still doesn’t like Bitcoin. Not one little bit. Warren Buffett on Saturday described the top cryptocurrency as “probably rat poison squared,” and on Monday he told CNBC that it’s “creating nothing.” “When you’re buying non-productive assets,

Warren Buffett said on Saturday that Wells Fargo committed a “cardinal sin” by turning a blind eye to the bad behavior caused by its horrible incentive system. But, the billionaire Wells Fargo (WFC) shareholder defended the scandal-ridden lender, arguing its

Wells Fargo will pay $ 480 million to put to rest claims that the bank misled shareholders about its fake-accounts scandal. A class-action securities fraud lawsuit brought by investors alleged that Wells Fargo (WFC) made misstatements and omissions in its

AS LONG as dirty money has been around, so has money-laundering. Between $ 800bn and $ 2trn, or 2-5% of global GDP, is washed annually, estimates the United Nations Office on Drugs and Crime. Criminals have swapped money for precious