Let’s Talk Business is BullMarketz weekly summary of the world’s most important trading news. It's a one-stop source for all the latest financial developments to base your investments on, whether it be in the global forex market, in the binary options world, or in relation to the stock markets. Additionally, it's the quickest way to get updated on any market and should be a part of every serious trader’s toolkit.
This week we’ll be talking about Black Friday, the struggling steel industry, Amazon’s newest market, the latest from the cryptocurrency market, and much more.
The biggest shopping day of the year is here. But according to the latest research, Black Friday might not be as big this year as it has in the past, at least not in the number of active consumers. The consumers are, however, prepared to spend more. Some analyst says they are expecting to see more people shop online than in actual stores and Wal-Mart and Amazon are expected to do the best.
Ethereum seems to have finally woken up from a slumber. Yesterday, the cryptocurrency finally broke the $400 dollar mark again after a few cooler months with very little action. The question now is if Ethereum will break $500 before the year is over.
The cryptocurrency Tether was hacked and a total of $31 million dollars in digital tokens were lost. Both Tether and the developer behind the Omni Core Software that Tether is based on, are working to figure out what happened and are looking to find a solution to prevent it from happening again.
The Cowen Group released a statement saying they would expect to see Amazon acquire Rite Aid, or at least that they think it could be the next great move from the e-commerce giant. According to Cowen, it is something Amazon should consider, especially after acquiring Whole Foods this summer.
The growing demand for Boeing aircrafts is set to push its shares up even higher after one of its best years ever. Boeing shares set a new all-time high recorded earlier this month. According to Jefferies analysts, the stocks are about to rise even higher.
Goldman Sachs analyst, Charles Himmelberg claims that if you thought 2017 was a good economic year, you haven’t seen what’s to come. In an interview, he said, “we expect to see 2018 do more of the same.”
Apparently, Wal-Mart is prepared to be the first to try the new Tesla Semi, an all-electric trailer. The new truck was revealed last Thursday and already the day after, Wal-mart put in a preorder for 15 trucks. The same day the trucking company J.B. Hunt also announced that they had “reserved” several Tesla trailers.
In order to bail out the struggling Royal Bank of Scotland (RBS), the UK government has proposed a plan to sell 15 billion pounds (20 billion dollars) worth of RBS’s shares. The sale will be conducted over a five year period and the first 3 billion will be sold by the end of 2018.
Even though the European steel industry is suffering, the German steel manufacturer ThyssenKrupp has received its biggest annual order in five years. The progress is said to have been caused by ThyssenKrupp’s decision to move away from steel production and put the focus on next-generation elevators and car components.
Uber’s main rival Lyft has managed to secure another round of investments worth 500 million dollars. The new investment is in addition to the 1 billion dollar investment they received in October.
After months of rumors and hype, Amazon finally started their trials on the Australian market. Successful trials would secure them shares on the world’s 12th biggest market.
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