Economy

'Between' Star Jennette McCurdy Re-lists Her Studio City Home for $1.2M

When Jennette McCurdy was unable to find a buyer for her Studio City home for $1.4M last year, she recently re-listed it in the market for a lower price of $1.2M.

Mexican Company Pemex Continues to Gain Profit Amid Global Oil Drilling Protests

Mexican-state-controlled company Petróleos Mexicanos (Pemex) recently announced a positive feedback from their business, claiming that they have gained profit, EFE reports. This also comes amid the global oil crisis and even during the widespread global oil drilling protests, per ABC.

Uber Takes on Lyft at Sundance With Airbus Helicopter Service

The cost of the air rides has not been revealed yet, although previous similar arrangements cost several hundreds to several thousands of dollars.

4 Reasons Why Latin America Is Facing Another Difficult Year This 2016

Last year was a difficult year globally, but 2016 will not be much better for Latin America. Due to enormous political tension, power struggles, soaring inflation and falling currencies and commodities, the region became the worst-performing emerging market in 2015. Unfortunately, the World Bank has projected earlier this month that the region wouldn’t grow at all this year.

Adidas Appoints Henkel’s Kasper Rorsted as New CEO Amid Herbert Hainer’s Exit

German sportswear multinational corporation, Adidas AG, has recently announced the appointment of Kasper Rorsted as the company’s newest chief executive officer. Rorsted, who’s currently spearheading Dial soap manufacturer Henkel AG & Co., will leave his position in the company in April after eight years of service. He will succeed 61-year-old Herbert Hainer, the company’s longest-serving chief, and will assume his new role on Oct. 1, 2016.

Why Wal-Mart Is Shutting Down Stores in US, Brazil

Wal-Mart is shutting down hundreds of stores beginning the end of January. Wal-Mart is reportedly shutting down hundreds of its stores this year. FastFT reported that Wal-Mart will close 269 stores, with more than half located in the United States.

VICIS Reveals New Concept for Football Helmets that Reduces Concussion

VICIS introduces a new football helmet that will compete with current supplier Riddells. Concussion has been a hot issue on the NFL, and it's one of the most common illnesses of retired NFL players.

Chipotle $1 Burritos Promo a Hoax

People were made to believe that the food chain was selling burritos for only $1. Many Chipotle Mexican Grill customers were subjects of a hoax in mid-January 2016.

Regular Flights to Cuba Just Months Away, American Airlines Exec Says

Regularly scheduled flights between the United States and Cuba may now only be a few months away, the vice president of regulatory affairs for the world's largest airline predicted this week.

Bernie Sanders Healthcare Plan: 'Medicare-for-All' Proposal Estimated at $1.4 Trillion Per Year

Democratic presidential candidate Bernie Sanders disclosed his “Medicare-for-all” plan, which the Vermont senator says will save the country $6 trillion over the next 10 years.

FNC Discusses Trade Issues With Latin America, Caribbean Group

On Sunday, a meeting by the Federal National Council (FNC) with the Latin America and the Caribbean Group (Grulac) about trade issues ended with a bilateral agreement on their position against terrorism.

Miami-Based Cuban Restaurant Versailles Sued Over Insanitary Conditions

Miami-based Cuban restaurant Versailles is facing a suit filed by its former employee because of its alleged neglect on sanitation issues.

United Airlines CEO Oscar Munoz Released From Hospital After Heart Transplant

United Airlines president and CEO, Oscar Munoz was released from the hospital after a successful heart transplant surgery last Jan. 6. The airline released a statement from Munoz on Friday saying that the CEO is heading back to his Chicago home and will be back in the office very soon.

World’s 62 Richest People Owning Half of the World’s Wealth? Annual Economic Forum Shows Rising Inequality

Oxfam, an anti-poverty charity organization based in Oxford, England, has recently reported a significant increase regarding the wealth gap, inequality and the widening trust gap between people and their political leaders around the world. The data also showed that the world’s 62 richest people held half of the fortune in the world, a striking evidence that the poor are falling further behind the elites and the political fissures in the United States, Europe and the Middle East.

Social Media Sunday: More Facebook Stock to Charity, Foursquare CEO is Out, and Snapchat Looks for Ad Tech

This week in social media, Facebook COO followed CEO Mark Zuckerberg's example and gave a huge amount of her company stock to charity. Meanwhile, Twitter was under pressure to crack down on hate speech, Snapchat began shopping for ad tech startups, and Foursquare's co-founder and CEO announced he would be stepping down.

Apple Is Making an Electric Car, Says Tesla Chief

Tesla chief Elon Musk reveals on BBC that Apple is on the road to making their own version of an electric car.

Obama Proposes $4 Billion for Autonomous Vehicles: Here Are All the Details

Secretary of Transportation (DOT) Anthony Foxx made an appearance at the auto show in Detroit, flanked by representatives from Ford, Delphi, and Google, to announce details of a $4 billion federal initiative to help usher in autonomous cars.

Tequila Market Gains Momentum in Latin America

The business of tequila thrives in the Latin America region partly because of the abundant supply of agave.

Oil Producers Like Venezuela, Iran, Russia and Saudi Arabia Continue to Face Price Drop Crisis

The oil industry has entered a challenging phase recently with oil prices dropping and oil-producing nations continue to face financial crisis. These include Venezuela and others like Iran, Russia and Saudi Arabia.

Why Hermès Birkin Bags Are Better Investment Than Gold, Stocks

Did you know that buying an Hermès Birkin bag is a much safer way to invest rather than in the stock market? Well, good news for those who spend their fortunes on these luxury handbags because you are actually making quite a clever move. According to a recent study, investing in these notoriously expensive bags are much better than gold and the stock market since their values just keep on increasing.