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Oil Drops After Warnings on U.S. Economy and Global Crude Demand

(Bloomberg) — Oil dropped in London and New York following warnings over global energy demand and the state of the U.S. economy.Crude fell along with other risky assets after Federal Reserve officials said more fiscal stimulus is critical to sustain the U.S. recovery. In Europe, the head of commodity trader Mercuria Energy Group said global oil markets won’t be able to absorb OPEC+ production increases as demand is weaker than expected.Oil has lurched lower this month amid signs a resurgence in the coronavirus could lead to more lockdown measures, though the global Brent benchmark has bounced around near its 100-day moving average in recent days. The OPEC+ alliance, meanwhile, is slowly tapering its production cuts and Libya is unleashing fresh supply as its civil war abates.Crude declined Thursday even after U.S. crude and fuel stockpiles shrank, according to weekly data from the Energy Information Administration.“Downside risks remain much bigger than … Read the rest

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Bitcoin Investment – Why You Should

Are you one among them who wants to make a good investment in bitcoin? If yes, then there is no doubt that you are present at the right place. It’s because here you find numerous essential things that help you in understanding the process of bitcoin, and after then you know the steps to invest in bitcoin. There are numerous cryptocurrencies present out there, but among them, all the most popular, valuable, and trending is bitcoin. It’s because it was first in the market and contains high value as compared to all. There are several apps like Bitcoin Future Official Site 2020 – BitcoinFuture.app™ through which one can do bitcoin trading.

Not only is this, but there are also several reasons present out there that prove why it is good to invest in bitcoin. All the major reasons are listed below, which must be known by all people and then … Read the rest

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Oil Rises With Equities Advancing and Citi Staying Bullish

(Bloomberg) — Oil edged higher as positive European manufacturing data and rising equity markets gave some respite to recent demand worries.Futures in New York for November delivery rose to over $40 a barrel. The German economy continues to recover thanks to stronger-than-expected manufacturing figures, data showed, while equity markets in Europe are also stronger. Citgroup Inc. said it remains bullish on the outlook for oil, though the market is undergoing a fitful rebalancing.The American Petroleum Institute reported crude stockpiles increased by nearly 700,000 barrels last week, while gasoline inventories shrunk by 7.7 million barrels, according to people familiar, ahead of government data later.After a partial recovery this month, oil prices are now back in the same range as during the northern hemisphere’s summer. With the demand outlook deteriorating in recent weeks, attention is now turning to the OPEC+ alliance and whether it will try to curb output further to rebalance … Read the rest

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Protect Yourself When Taking On A Business Partner

It doesn’t matter if you’re considering a partnership with your sibling or your best friend since kindergarten. When it comes to business, it’s important to start on the right foot. Sometimes what seem like small problems can spiral into massive predicaments, which can put your company in a vulnerable position, which is exactly the place you’d like to avoid. 

If you’re trying to protect yourself (and your company) when taking on a business partner, here are a few ways to minimize your risk long-term:

Always Perform Due Diligence.

Using a site like Check People can save you a massive headache in life, especially when you sign up for a business partnership. Everyone can talk a good game, whether it is a partner that brings a wealth of experience to the table or an investor that could help dominate your industry. What many people don’t like to discuss, however, are their Read the rest

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Nvidia Issues Mea Culpa Over Bungled GeForce RTX 3080 Launch

Nvidia (NVDA) has apologized to customers following the hotly-anticipated launch of its GeForce RTX 3080 launch last week.NVDA called the launch “simultaneously the best GPU launch ever and the most frustrating” after the GeForce RTX 3080 sold out almost instantly.“We expected the best ever demand for the RTX 30-series, but the enthusiasm was overwhelming. We were not prepared for this level, nor were our partners. We apologize for this” it wrote on September 21.Indeed, the Nvidia store was inundated with over 10 times the traffic of its previous generation launch, the chip maker revealed.“The reception to our NVIDIA Ampere architecture GPUs has been off the charts and driven interest to heights we’ve never previously experienced. A few examples compared to our previous launch –  4 times the unique visitors to our website, 10 times the peak web requests per second, and more than 15 times the out clicks to partner … Read the rest

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A Brief Look At Understanding Income Statements And Balance Sheets

A tedious but important task you have to do as a business owner is keep your financial documents up to date. If you’re able to hire a bookkeeper or accountant, they can help make it easier by handling your important documents for you. But most businesses that are just starting out can’t afford accountants, so the owners then need to become literate when it comes to accounting and become familiar with the important documents.

The two key documents are the income statement and balance sheet, though there are more that come into play like the cash flow reports. So why are these documents important, and what is the difference between the income statement and balance sheet?

Why You Need Income Statements And Balance Sheets.

Both income statements and balance sheets offer a detailed look into how well a business is doing financially. Not only is the information listed on them … Read the rest

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HSBC, JPMorgan, StanChart and others processed trillions of dollars of transactions despite concerns over potential crimes, reports say

Some of the world's biggest banks, including HSBC, JPMorgan Chase and Standard Chartered, moved trillions of dollars identified as being potentially tied to money laundering or other crimes despite raising concerns about those transactions in filings with US regulators, according to media reports on Sunday.The disclosures again raised questions about the success of government efforts to stamp out the flow of illicit funds around the globe and the effectiveness of internal anti-money-laundering compliance systems, which global banks have spent tens of billions of dollars to revamp in the past decade.Shares of HSBC and Standard Chartered fell sharply in Hong Kong on Monday after the media reports, with HSBC's stock, at one point, trading at its lowest level since 1995.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.HSBC declined 2.9 per cent to HK$30.05 in morning trading in Hong Kong on Monday, … Read the rest

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How To Keep Members Safe When Reopening Your Gym

There are many gyms in the United States. In the past few months, many of these gyms have temporarily closed due to the COVID-19 crisis. As the number of daily Coronavirus cases starts to decline, many gyms are starting to open their doors again. If you are the owner of a gym that is about to reopen, your main goal needs to be keeping yourself, your staff, and your members safe.

This means you will have to maintain a clean facility and disinfect areas regularly. If you are unsure about how to clean your facility thoroughly, this article tells you all you need to know. This blog is from the website of Pro Solutions Direct, a company that provides an effective and affordable gym disinfectant.

Below are some things you can do to keep your members safe while reopening your gym.

Keep Your Equipment Disinfected.

One of the main … Read the rest

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TikTok Owner Seeking $60 Billion Valuation in U.S. Deal

(Bloomberg) — China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address U.S. security concerns, according to a person familiar with the matter.Oracle and Walmart have rights to buy 12.5% and 7.5% respectively of a newly established TikTok Global under an agreement that won the approval of President Donald Trump, the person said, asking not to be named discussing private negotiations. The two companies would pay a combined $12 billion for their stakes if they agree to that asking price.The final valuation had not been set as the parties worked out the equity structure and measures for data security, the person said. Terms are still in flux and the proposed valuation could still change. Beijing also has yet to approve the deal, though regulators are said to favor any transaction in which ByteDance … Read the rest

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5 Steps To Building A Remote Work Environment That Sustains Over Time

by Larry English, author of “Office Optional: How to Build a Connected Culture with Virtual Teams

When COVID-19 began, work-from-home seemed like a blessed stopgap — a way out of working in potentially health- and life-compromising environments, and a way to (partially) manage kids who had nowhere to go during the day. But now, more and more organizations are focusing on how to transition to remote work for the long-haul — from Twitter to Google, work from home is the new office, and likely will be after the long shadow of coronavirus has finally faded.

How do I know this? Because I run a 1,000- employee strong remote organization aimed at helping companies build connected, collaborative cultures outside the traditional office, and we’ve been watching the remote work wave come toward us since long before coronavirus set in. We started all the way back in 1999, and … Read the rest