Refiloe Caleb Letele

42 Added | 1 Magazine | 1 Following | @RefiloeCale1dtt | Junior Business Finance & Accounting Major at Johnson C. Smith University, Marketing Master, Financial Wizard, Future Pioneer and CPA. This Magazine is an overview of my professional interest, trending economic news, IPO's, M&A's and the financial world...My Passion

The U.S. Economy Grew 3.2% in the Third Quarter

The U.S. economy grew faster than initially thought in the third quarter, notching its best performance in two years, buoyed by strong consumer …

Economy

R. Caleb Letele (@CalebLetele) | Twitter

<b>R. Caleb Letele</b> Retweeted<p>Discussing the role of Black Greek-lettered organizations on historically Black campuses #<b>JCSU</b> …

Gold Prices Surge on Likely Donald Trump Victory

Investors are frantically looking for safe havens as the prospects of a Donald Trump presidency looks more likely<p>The price of gold surged nearly 4% …

Stock Markets

World Bank improves Russia economic outlook, sees 1.5 percent GDP growth in 2017

MOSCOW (Reuters) - Russia’s economic outlook has improved and the commodity-dependent economy is set to return to growth as soon as next year, the World Bank said on Wednesday.<p>A worker checks the valve of an oil pipe at an oil field owned by Russian state-owned oil producer Bashneft near the …

World Bank

Wall Street welcomes Trump with a bang

That didn't take long. An overnight panic in global markets evaporated as Wall Street gave an emphatic welcome to President-elect Donald Trump.<p>The Dow soared 257 points and brushed up against lifetime highs on Wednesday, in defiance of those who predicted Trump's election would bring about a plunge …

Stock Markets

Bitcoin Price Jumps on Trump Victory

The shocking news of Donald Trump’s election victory rattled markets across the world, leading some investors to seek refuge in assets outside of …

Cryptocurrency

JPMorgan Chase CEO on youth initiative, being a political target

Goldman Sachs: Trends in Investment Banking with David Solomon

Australian Economic Outlook: 2016 growth and trends

Here Are the Top Business and Economic Trends to Watch for in 2016

William Hague attacks Bank of England over ultra-low interest rates

Mark Carney should take heed of public anger over lower living standards or risk losing the Bank’s independence, says former foreign secretary<p>The former foreign secretary, William Hague, has been accused of attempting to undermine Bank of England governor Mark Carney after he warned that central …

Economics

Goldman Sachs profit soars on bond trading and curtailed costs

(Reuters) - Goldman Sachs Group Inc (GS.N) reported a 58 percent jump in third-quarter profit on Tuesday as bond trading rebounded and the Wall Street bank managed to keep a lid on expenses.<p>Goldman reported nearly $2 billion in revenue from trading fixed income, currency and commodities, making it …

Markets

Dubai's Largest Bank Is Piloting a Blockchain Project

Dubai’s largest bank, Emirates NBD, is working with India’s ICICI on a pilot project to use blockchain technology for global remittances and trade …

Bank of America

Saudi Aramco: We'll be ready for $2 trillion IPO in 2018

It's a pretty bad time to be thinking about going public if you're an oil company. Oil has lost half its value in a little over two years, and the market for IPOs is in the doldrums.<p>Saudi Aramco is no ordinary oil company, however. The world's top producer says it will be ready to launch the …

Oil

Global markets weighed by tech stocks; Fed minutes in focus

LONDON (AP) — Technology stocks led a broad reverse in global markets on Wednesday after Samsung downgraded its profit estimates and networks company Ericsson warned on its outlook. Investors will later look to the minutes of the U.S. Federal Reserve's last meeting for hints on how quickly interest …

Stock Markets

Theresa May Accused Of 'Disgusting Xenophobia' For Foreign Workers List Plan

PA/PA Wire<p>Theresa May has been accused of xenophobia, as she walked back plans to force companies to list the number of people they employ who were …

United Kingdom

2016 Nobel Winner for Economics Says CEO Pay Contracts Are Too Complex

A 2016 Nobel Prize winner said executive pay plans have grown too complex and cited the overuse of consultants, remarks that pay specialists on …

Nobel Prize

Foreign Minister Alan Duncan meets Argentine President for trade deal talks

Britain's Foreign Minister will meet with Argentina's President in a bid to secure a landmark trade deal for Britain as the two countries forge a new relationship of "mutual respect".<p>The Government is keen that new economic ties also lead to a better deal for the Falkland Islands, sources …

United Kingdom

Pokemon Go Has Reportedly Made More Than $440 Million

Pokemon Go's number of active daily players may have dropped significantly, but the augmented-reality has still pulled in an impressive amount of money. According to analysis outlet SensorTower, Pokemon Go has pulled in more than $440 million, and it hasn't even reached the two-month …

Why Americans Are Spending More on Experiences vs Buying Stuff

Since he launched his company two years ago, Rob Rector has seen demand for his high-end vacation experiences skyrocket. Rector, the founder and …

Buckingham Palace

EU: Europe needs to invest $800bn in digital infrastructure to catch up with US

Commissioner responsible for the issue said Europe must develop networks and next-generation high-speed 5G wireless applications quickly<p>Europe needs to invest close to $800bn in its digital infrastructure to catch up with the United States and China, the European Union commissioner responsible for …

Europe

Revealed: The Racist, Anti-Semitic, Threatening Abuse That Barred Applicants From Labour Leadership Election

General Secretary says party only acts on serious cases.<p>The full scale of the racist, anti-semitic, sexist and threatening online abuse of those …

Labour Party

Salesforce Will Drop More Einstein Details Before Oracle Event

Salesforce will share more information about its hyped-yet-still-secret artificial intelligence technology before its annual Dreamforce conference in …

Artificial Intelligence

Mark Zuckerberg Came To Nigeria And Nigeria Was So Very Here For It

The Facebook founder made a surprise visit to the West African country and it was lit.<p>View this post on Facebook<p>View this post on Facebook<p>View this post on Facebook<p>View this post on Facebook

Mark Zuckerberg

A major SpaceX explosion just destroyed Facebook's first-ever satellite

The satellite, AMOS-6, was a project of Facebook's Internet.org program to deliver internet to the developing world. It was intended to ride a SpaceX Falcon 9 into orbit this Saturday, and would have been the first satellite the internet giant put in orbit.<p>It was valued at approximately $200 …

Space Exploration

India Is Building a $60 Million Monsoon-Predicting Supercomputer

A country in dire need of some good weather forecasts.<p>In India, the vast majority of the year's rainfall happens during the monsoon season. When, where, and how much rain falls is vital to the country's agriculture and economy. But predicting the monsoon is notoriously difficult; it's considered …

Aerosols strengthen storm clouds, new study finds

An abundance of aerosol particles in the atmosphere can increase the lifespans of large storm clouds by delaying rainfall, making the clouds grow …

Climate Change

IBM's AI can predict how we'll react to the weather

According to the "butterfly effect" theory, weather is inherently hard to predict. But IBM thinks that if you throw even more computing smarts and data at it, you should be able to at least improve forecasts. Big Blue is marrying its own hyper-local weather models with global ones from (its own) …