It appears that Time Warner is getting a second appraisal, but it’s not from Comcast. Charter Communications is looking to buy them out for $55.33 billion, and this time, executives are confident regulators will let the merger happen. As cable companies lose subscribers thanks to streaming services, consolidating seems to be the trend to make sure they strengthen their hold on the market.
I’m surprised it didn’t happen sooner. Cars are (will) spying on you. It can tell when you’ve broken the law, and in some cases, there’s a driver-facing camera to record it all (at least, for rental cars, anyway). Modern cars are like “computers on wheels,” and that means it’s ample opportunity for data analysts to scrape up information on your driving habits (and wrongdoings) and keep a tab on you. Welcome to the modern world!
Goldman Sachs is warning the world that there’s too much debt and coupled with an increasingly ageing population, the debt “crisis” will further spiral out of control. The bank is calling for a creative policy to pay down debt.
Remember that test tube burger everyone made a big stink out of? It was pretty cool, until you saw the price ($325,000). You can get it now for $11, which is just around the same price as a burger from a high-end establishment. It still sounds pretty gross.
A North Korean couple were kidnapped by ISIS while working in Libya.
State officials are wondering where $1.8 billion disappeared to from their space program budget. The Russian space industry, according to CNN, “is in a state of crisis after deep funding cuts, corruption and moral decay.”
Bloomberg published a listicle about why investors should take notice of Canada. (Canadian benchmark index, the S&P/TSX composite has continuously outperformed the S&P 500, a strong central bank, and an ever-increasing number of tech entrepreneurs.)
There’s a phone in Ghana that looks like the old Nokia, but Ghanians call it “the big black phone”.
Stocks are lower today after fears of the Fed hiking rates re-emerged thanks to recent economic data revealing a growth in business investment.
China is now the world’s top-performing market after pushing gains to over 100%. Incredible. On the other hand, its economic growth slowed to 7%, their lowest since 2009.
Is Taco Bell trying to redefine their image? They’re removing artificial flavoring (something we’ve always known Taco Bell for) to shift towards a more “natural” selection of food. What gives?
Do you have $1,000 lying around? (I honestly hope you have it invested or have it accruing interest in high-yield savings.) If you do, read what Jeff Reeves has to say here.
Bloomberg reports that Iraq is about to flood the world’s oil market to defend its share of the market.