In what has otherwise been a tumultuous year for the oil industry, some good news emerged this week as crude oil prices hit a new 2015 high. Since its $110 per barrel price in June 2014, Brent crude prices have crashed to below $50 per barrel; however, as of Wednesday, Brent crude bucked recent trends and ended the day at $64 per barrel. Unfortunately, this good news came at a cost.
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How To Land Your Dream Job
Having trouble finding a job? Disappointed with the job you currently have? Feel like you’re destined to doing something else? Well LinkedIn (LNKD) is here to help. Last June, the company rolled out an iOS app specifically tailored to help disgruntled workers land their dream job. Almost a year later, LinkedIn has now released the app for Android users as an entirely redeveloped platform.
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5 Terrible Tech IPOs
2014 proved to be the year of initial public offerings (IPOs). In America alone, 275 companies issued common class stock, the most since 2000 (when over 400 companies engaged in IPOs). Led by Chinese E-Commerce giant Alibaba (BABA), U.S. IPOs in 2014 raised over $85 billion in capital, an increase of more than 40% Y/Y compared to 2013. Alibaba alone raised a record-breaking $22 billion, besting both Facebook’s (FB) 2012 IPO ($16 billion) and Visa’s (V) 2008 IPO ($17.8 billion).
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When Bubbles Don't Burst
On March 2, 2015 the Nasdaq Composite Index, more commonly referred to as the NASDAQ, closed above 5,000 points for the first time in fifteen years. As this occurred, Wall Street trading floors swelled with the collective anxiety of investors who had observed the same milestone during the Dot-Com era (in March 2000). Only two days after the NASDAQ eclipsed 5,000 on March 9th, the tech-oriented index began its dramatic collapse.
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Gauge Market Sentiment
For young investors, the stock market can be a scary place. Making your first investments can be daunting, to say the least. For years, young investors have searched for reliable sources to find trustworthy financial information. Clearly, you’ve done your due diligence, as you are currently reading an Economix101 article.
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Invest In Change
Do you want to start investing in the stock market? Do you want your money to consistently grow? Are you held back by fear and confusion? If you answered “yes” to any of these questions, we encourage you to research a new investing app called Acorns. It’s a low risk, automated money management platform that introduces young investors to the many aspects of trading.
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Buffett's $200,000 Stock
Just weeks ago, on August 14, Class A shares of American conglomerate Berkshire Hathaway (BRK-A) surpassed $200,000. Yes, you read that right, $200,000: making Berkshire Hathaway the single most expensive stock traded on U.S. markets. The current price of these Class A shares alone is impressive; however, when you consider that in 1967 the company traded at $33 per share, this milestone is downright insane.
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