Business

US Oil Has One Fatal Weakness

US Oil Has One Fatal Weakness

Besides, sufficient stocks position following increased supplies from the producing regions, fuelled the downtrend. In recent weeks, USA crude oil exports beat records, and surpassed the 2-million-bpd mark for the first time ever in the week to October 27.


BuzzFeed To Lay Off 100 Staffers Amid Missed Revenue Goals

BuzzFeed To Lay Off 100 Staffers Amid Missed Revenue Goals

Because BuzzFeed employs 1,700 staffers, the layoffs amount to about 7% of the company. The group "was built to support direct sold advertising but will need to bring in different, more diverse expertise", Peretti wrote. BuzzFeed has attracted investments including a Dollars 400 million round from NBCUniversal at a valuation of some USD 1.7 billion. In recent months, though, the digital advertising climate has become more volatile.


Russian Cosmonaut May Have Found Evidence of Extraterrestrial Life

Russian Cosmonaut May Have Found Evidence of Extraterrestrial Life

These samples are now being taken to Earth for further analysis. Cosmonaut Anton Shkaplerov says he found bacteria clinging to the external surface of the International Space Staion that didn't come from the surface of Earth. Shklaperov told Russian news agency TASS that cosmonauts took swabs from the station's metal surfaces - and found bacteria which wasn't present at the station's launch in 1998.


Nasdaq plans to launch Bitcoin futures early next year

Nasdaq plans to launch Bitcoin futures early next year

JPMorgan clients can already process requests for bitcoin through the company, but it is still weighing up whether to offer clients CME's bitcoin futures. Commentators claim CME's announcement means investors, who do not want the hassle of digital wallets or potential security risks, will be able to join in the "gold rush" bitcoin investing has become.