Kobe Bryant, former NBA basketball star, after retiring from the world of sport, dedicated to finance. Together with the entrepreneur Jeff Stibel, he shares a venture capital fund of 100 million dollars.
As he told the Wall Street Journal, Bryant and Stibel have decided to officially launch their investment vehicle dedicated to the tech industry companies, media and data management only after the withdrawal of Kobe. In fact, the fund, based in Los Angeles, has been running since 2013, so as to have invested in a dozen companies.
Warren Buffett, the Oracle of Omaha, goes against and challenge the world of finance betting on Apple even as large funds in retreat. Through his investment company Berkshire Hathaway, Buffett has increased its stake in Apple by 55% and at the same time announced that it has reduced in Wal-Mart stores, the largest retailer in this world in the portfolio for more than a decade.
Donald Trump holds debts at least for $ 650 million, more than double what he had said in a public document presented on the occasion of his candidacy for president of the United States for the Republican Party. According to the investigation of the New York Times, Trump owes part of this sum to a number of foreign entities, including some banks controlled by the Chinese government, which according to some experts would make it vulnerable to the demands of society and American businessmen and foreign, if it were to be elected president.
Pfizer reached an agreement for the acquisition of Medivation, one of the leading companies in the biotech sector in the fight against cancer, for around $ 14 billion. Pfizer is willing to pay $ 81.50 per share, a 21% premium based on the closing Medivation of Friday’s session.
The agreement comes after months from the start of negotiations and demand for Medivation, one of the most courted independent biotech companies in the world as it specializes in the sale of a drug against prostate cancer.
Uber enters the unmanned car’s potential market. The private taxi service operated via app opens in the USA, in Pittsburgh, the first fleet of black cars to autonomous driving. For the marked car sharing, it will be a novelty, because so far had been groups such as Google, Apple, Fiat and Ford have attempted to innovate.
It does with Volvo, although the agreement is not exclusive, and at least in this first phase a "human" controller will oversee the journey sitting in the driving seat.
Harley-Davidson, the famous motorcycle manufacturer, has signed a plea agreement in the US for a total of $ 15 million to file allegations that the manufacturer of American motorcycles has violated the laws that impose a limit pollution from emissions.
According to the Justice Department and the Agency for Environmental Protection (EPA), the group has produced and sold about 340,000 illegal devices called "super tuner" that, once installed, they have allowed motorcycles emit more emissions than those certified. Also, is the thesis of the US government, Harley-Davidson has sold more than 12,000 motorcycles without a EPA certification with which it is ensured that a vehicle meets the required standards.
US November elections are a risk to the global economy. To say it is Moody’s in a report entitled "Global Macro Outlook 2016-17 – Emerging market outlook stabilizes, while political risks take center stage".
"A shift in US policy which would contribute to weakening the current architecture of global trade and security could have a detrimental impact on global confidence and growth, and we would push to revise our estimates. Despite a global framework for growth to be stabilizing, there are a number of risks to the global economic outlook and the most immediate is associated with the American elections ".
The Kiwi surged mid-Tuesday against the US Dollar, as the currency exchanged rate traded at 0.7295 by 11:15 GMT, compared the opening rate of 0.7212. The rate is most likely to continue to surge at least 40 pips in the near future, as it faces only the upper Bollinger band at 0.7312 until it would reach the 0.7337 level, where the weekly R1 is located at. In addition, the surge was and still is supported by the daily and weekly aggregate technical indicators. Moreover, the pair is still in an ascending channel pattern, as it rebounded against the lower trend line on July 25 at 0.6997.
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