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Have Americans Stopped Eating Cereal?
Aug. 18 (Bloomberg) — Bloomberg’s Eric Chemi examines what American are eating for breakfast with Erik Schatzker and Alix Steel on “Market Makers.” (Source: Bloomberg)
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Five Most Expensive Watches
Patek Philippe is often considered one of the most prestigious luxury brands in the watch industry, but just how much are they worth? RANX takes a look at five of the highest-priced Patek timepieces ever sold at auction. Video By: Jennafer Savino, Amy Marino (Source: Bloomberg)
Bill Ackman's Pershing Square Is Going Public
Aug. 12 (Bloomberg) –- Bill Ackman’s Pershing Square Holdings will conduct an IPO later this year. Bloomberg’s Erik Schatzker and Alix Steel report on “Market Makers.” (Source: Bloomberg)
Does Your Bottled Water Come from a Drought Zone?
California is currently in a drought. Did you know the majority of bottled water comes from drought-ridden places? Matt Lieberman from SourceFed joins DNews to discuss this growing problem.
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Bernie Madoff Ponzi Scheme Surfaces New Guilty Verdict
Aug. 13 (Bloomberg) — A former MIT professor and his son agreed to plead guilty to running a $500 million hedge-fund scam that was uncovered by investigators probing Bernard Madoff’s Ponzi scheme. Bloombrg’s Christie Smythe reports on “In The Loop.” (Source: Bloomberg)
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The Automotive Industry Rolling in Mexico
The Mexican automotive industry is on the rise, since its receiving great investment flows from Japanese car companies, to develop the industry in both nations.
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Audi admits monopoly practices in China
German luxury car manufacturer Audi has admitted to engaging in monopolistic practices in China. The company says that it is willing to accept the punishment.
Entrepreneur Uses Facial Recognition To Find Lost Dogs
Any worried pet owner who has spent days hanging posters, making phone calls and knocking on neighbors’ doors hopes there’s a more scientific way to find a lost dog. That became a reality when facial recognition technology successfully reunited a pet at San Diego County Animal Services w
How Stores Trick You Into Buying More
Have you ever gone to a store to buy a few items, and you end up leaving with a lot more than you planned? Laci is here to explain some tactics that stores use to get you to spend more money!
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How the Top 1% Hoard Their Cash Offshore
Aug. 7 (Bloomberg) — Bloomberg’s Matthew Miller and Olivia Sterns discuss the top billionaires offshore financial wealth and the difficulty of tracking down their assets. They speak with Betty Liu on “In The Loop.” (Source: Bloomberg)
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Expect a Big Stock Selloff in the Fall?
Aug. 7 (Bloomberg) — “Gloom, Boom and Doom Report” Editor and Publisher Marc Faber discusses his forecast for U.S. stocks with Trish Regan on “Street Smart.” (Source: Bloomberg)
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Class-action lawsuit filed against insurance company
A woman called Team 10 after fighting for months to get repaid thousands of dollars by her insurance company.
What Will Warren Buffett Do With $50B in Cash?
Aug. 4 (Bloomberg) — Bloomberg’s Noah Buhayar reports on the $50 billion in cash available at the Omaha, Nebraska-based Berkshire Hathaway Inc. Bank of America Merrill Lynch Portfolio Strategy CIO Mary Ann Bartels and Davidowitz & Associates Chairman and Founder Howard Davidowitz also
Microsoft Sues Samsung In U.S. Over Patent Royalties
Microsoft sued Samsung Electronics on Friday, claiming the South Korean smartphone maker refused to make royalty payments last fall on patent licenses. The lawsuit, filed in a Manhattan federal court, seeks monetary recovery from Samsung but does not publicly disclose the amount in dispute.
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U.S. Fed continues to taper bond-buying program
The U.S. Federal Reserve has decided to continue winding down its bond-buying stimulus plan… cutting its monthly asset purchases to 25-billion dollars from 35-billion.
This is their sixth consecutive 10-billion dollar cut and it means the Fed is on course to end its purchase program in October