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With over 15 years of experience in global finance and an MBA in economics and management, My areas of expertise include business, marketing, communications, personal finance, cryptocurrencies, macro economics, stocks and emerging markets.
Global stock markets are struggling this week as a number of factors combine to exert downward pressure on the markets. After returning from the long weekend, the Dow Jones Industrial Average lost 234 points or 1.07%. The S&P 500 lost 0.76%, and the NASDAQ declined 0.93% to end the session with losses on Tuesday.
Many investors getting involved in the cryptocurrency market right now are chasing short-term momentum. People hear stories of how $500 worth of Bitcoin bought some five years ago is now worth $250,000. Hence, many people that missed the initial Bitcoin rush are now looking for the next potential blockbuster cryptocurrency that will turn them into overnight millionaires.
Last year, OPEC announced a deal between its member nations to cut oil production by 1.8 million barrels per day. The cartel also got a commitment from some other non-OPEC countries such as Russia and Venezuela to reduce their oil output.
If you are just building your startup/business, the chances are that you'll be on a budget and you'll need to find ways to get the best value out of each penny. For one, there's a time lapse between when you start working on your ideas and when you actually get your product to the market - and you'll need to spend money in the incubation period.
For the week ending Friday, 21 July 2017, the FTSE 100 index was trading at 7,442.82, down 0.60% or 45.05 points. The movement of the FTSE 100 index, the UK's all-share index, is inversely correlated to the strength of the GBP. The cable (GBP/USD) is currently trading at 1.2991, up 0.12% or $0.0015.
The Federal Open Market Committee voted to raise rates for the second time in three months, on March 15, 2017. The primary reason for the Federal Reserve increasing its benchmark interest rate by 25 basis points was due to the increasing confidence that the economy has the potential for growth under the Trump administration.
Several major Wall Street indices came in for a beating by Friday, 9 June 2017. The NASDAQ composite index was down 1.55% for the 5 days ending Friday last week, after multiple losing sessions. The premier index is now trading at 6207.92, but remains up 15.32% for the year to date.
There was a time when achieving a high-level job in the corporate world was viewed as the epitome of success. Today, younger people in particular are more likely to aspire to become an entrepreneur than work their way up the corporate career ladder. In truth, there is nothing wrong with either approach.
20% of your sales effort will generate 80% of your sales leads and successful sales but the problem is that it might be hard to identify the profitable 20%. However, you can improve the odds of success for your overall sales and marketing program by making data-drive decisions to refine your sales process instead of leaving everything to chance.
The Brexit process that will take Britain out of the EU has started even though Britain still needs to get its government in order to present a united front during the negotiation. Nobody knows for sure if Brexit will end will clear winners and losers - the EU on one side and Britain on the other side.