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Investments Archive

Lego slashes 1,400 jobs as sales slump

Lego will cut 1,400 jobs as part of a broad overhaul of its strategy after a decade of rapid growth. The job cuts, which account for roughly 8% of the toymaker’s workforce, were announced alongside a drop in profit and sales for the first six months of 2017. The Danish company hasn’t suffered an annual

You can buy a new Dubai apartment for 50 bitcoin

Bitcoin fans are being offered first dibs on 150 apartments in a new Dubai development. Aston Plaza and Residences is offering studios for 30 bitcoin, and one-bedroom apartments for about 50 bitcoin ($242,000), although the prices may vary because they’re pegged to the dollar. Once a buyer decides to go ahead with the purchase online

Irma hits markets; Orange juice prices; NAFTA talks

1. Irma spooks markets: Hurricane Irma is moving through the Caribbean, pushing up commodity prices and applying pressure to travel stocks. The price of orange juice futures for November delivery spiked 6.5% on Wednesday. U.S. oil futures rose 0.4% to trade just below $49 per barrel. On Tuesday, shares in cruise operators dropped as the storm

Trump’s empty trade threats weaken U.S. hand over North Korea

President Trump risks doing more harm than good with his latest rhetoric over North Korea. After Kim Jong Un’s regime carried out its biggest nuclear test so far on Sunday, Trump fired off a series of tweets, including a warning that he’s considering “stopping all trade with any country doing business with North Korea.” The extraordinary remark