Lambros Lioumis

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Here's What A Sustained $20 Drop In Oil Prices Does To The World's Major Economies

<i>*NOTE: The price of brent crude fell to $67.90 on Nov. 30, the lowest level since February 2010. It's down by more than $40 per barrel since this past summer.</i><p>Oil prices have been tumbling, with brent crude down sharply* from about $115 earlier this summer.<p>A research note from Societe Generale's …

Opinion: How to invest directly in China’s Nasdaq with ETFs

The long wait for overseas investors to access China markets directly is finally over, with the link via Hong Kong/Shanghai now open for trading.<p>The …

Stock Markets

A Major Long-Term Change In The Labor Market Is Bad News For The US Economy

That's the conclusion from Steven Davis and John Haltiwanger, two National Bureau of Economic Research economists (Davis is at U Chicago and Haltiwanger at the University of Maryland). The two presented at the Fed's Jackson Hole conference over the summer and an updated version of the paper was …

Economics

FORGET THE 1%: The 0.01% Are The Ones Truly Getting Ahead In America

Rising wealth inequality could presage the return of an 18th century inheritance society, in which marrying an heir is a surer route to riches than starting a company.<p>Critics question the premise: Chris Giles, the economics editor of the Financial Times, argued earlier this year that Mr Piketty's …

Income Inequality

Apple Beats Samsung To Become China’s Top Mobile Brand, Report Says

Apple has overtaken Samsung to become the No. 1 brand in China’s mobile devices market, according to a new report by the China Brand Research Center. …

Germany denies report on post-bailout aid for Greece

BERLIN (Reuters) - The German government on Thursday denied a Greek media report that the two countries’ finance ministers had reached an agreement on further support for Greece after it exits its bailout programme.<p>Germany's Minister of Finance Wolfgang Schauble speaks during a discussion on "A …

Here Are The Four Key Elements That Will Make The 'Internet Of Things' An Absolutely Massive Market

BI Intelligence predicts that by 2019:<p>IoT device shipments will reach 6.7 billion.<br>• Revenues from devices, services, and software will reach $600 billion.<br>• A massive $1.7 trillion of value will be added to the economy in the form of revenues and efficiency cost savings.<p>A new report from BI Intelligence …