Tag Archives: Editor’s Choice

New analysis from Goldman Sachs says America’s largest companies could spend more than $2.7 trillion of cash next year.The report predicts that cash spending will rise by around 2% in the next year amid a rise in growth investments.The bank however claims that there will be a 6% decline in spending by S&P 500 companies this year. This shrinking comes because of the 20% slump in cash acquisition spending and a 15% decrease in stock buybacks.Still, Goldman experts believe companies in the...

“I wanna be a billionaire so fuckin’ badBuy all of the things I never hadI wanna be on the cover of Forbes magazineSmiling next to Oprah and the Queen”That’s the words of Bruno Mars’ song ‘Billionaire” that almost everyone (in this version or his own) has in his head at some time in life. Unfortunately, a billion dollars, or even a million – is pretty hard to get. However, there is a way to get close to the dream.John (just John, no surname shared), the owner of personal-finance blog ESI...

U.S.-based aircraft maker – Gulfstream Aerospace – is all set to take the competition higher with its rival Bombardier. On Monday, October 21, Gulfstream unveiled its long-range luxurious G700 aircraft, an upgrade to its previous G650. Gulfstream unveiled this aircraft at the National Business Aviation Association’s (NBAA) annual corporate aircraft show in Las Vegas.With the Gulfstream G650, the company enjoyed its dominant position for some time in the business jets segment, until Bombardier...

In November last year, Blizzard Entertainment announced the Diablo Immortal, the fourth installment in the Diablo game series. The release was however met with heavy disappointment from thousands of game fans who agreed that the game generally failed to meet expectations.Since then, fans of the game series had been waiting and effectively whetting their own appetites, in anticipation for Diablo 4. It was expected that the BlizzCon 2019, Blizzard’s annual gaming convention which is just a few...

Premier money transfer startup TransferWise is set to begin operations in 2020 after obtaining a an operating license in the United Arab Emirates. Local sources in the Emirates report that the fintech startup announced this a few hours ago and that the company intends to start business in the middle east starting from the UAE in 2020.In what comes as a series of successes for the company, TransferWise has been competing in the marketplaces that belong to global money transfer giants such as...

Xiaomi, one of the world’s biggest smartphone producers, has just revealed through its CEO that it plans to take full advantage of 5G technology, and release more than 10 supported phones before the end of 2020. The Chinese phone giant has already released a few 5G phones this year and plans to do more.Per a Reuters report, the CEO Lei Jun, has also noted that 5G technology for the phone giant will not be restricted to its high end phones. The new group of products that will be launched with...

The race for the space business is getting intense as big organizations are spending billions of dollars in creating the infrastructure for space tourism. While we have frequently heard Elon Musk’s SpaceX or Jess Bezos’ Blue Origin working on the plan, Richard Branson’s space tourism venture Virgin Galactic has pulled the rabbit out of the hat.Virgin Galactic is all set to become the first company in the space tourism to go public. During a recent interview with the CNBC, we heard this...

It is quite challenging to determine whether digital assets should be more like the traditional fiat. However, it appears like they are moving in that direction and this is a considerable step. The crypto data provider CoinMarketCap has now launched a new page. In this page, it publishes interest rates provided by different digital assets. The new data now comes in handy in helping the users compare and select a suitable product.The page, known as “Interest by CoinMarketCap”, launched on...

Google in its recently held event, unveiled products including Pixel 4, Pixel Buds and Pixelbook Go as well, on Tuesday. The long-awaited Pixel 4, after several months of unconfirmed leaks and several speculations, seems to have met general expectations and turned a few heads.Google revealed the Pixel 4 and a larger version – the Pixel XL – with more than a few interesting features. Firstly, access to Google Assistant which is present on other Android smartphones is a lot...

Warren Buffett is causing yet another market buzz with his next line of action, and this time, his investor-compass is pointing again at the Bank of America. The seasoned investor wants to up his stake in the bank past 10%, and this planned move is already raising eyebrows.Berkshire Hathaway, Buffett’s company, made it clear in a Fed filing that its intentions do not include any merger, selling of Bank of America assets or the introduction of a new business strategy, rather all it is after is...