Carranza's Curation

By Carranza | Business, Style & Motivation

Iraq says proven oil reserves rise to 153 billion barrels

BAGHDAD (AP) — Iraq says new exploration has revealed an additional 10 billion barrels of oil, bringing its total proven reserves to 153 billion barrels.<p>Oil Minister Jabar Ali al-Luaibi said in a statement Sunday that the increase comes from seven oil fields in central and southern Iraq, without …

Oil

Alan Greenspan just explained how 'productivity' caused Brexit and Trump, in 10 elegant sentences

Alan Greenspan, the former chairman of the US Federal Reserve whose low-interest policies (some say) helped inflate the dot-com and mortgage bubbles of 2000 and 2008, did a fascinating interview with Gold Investor recently. In it, Greenspan produced an incredibly cogent explanation of the role that …

Economics

BlackRock's largest mutual fund sours on Google

NEW YORK (Reuters) - Managers of BlackRock Inc's (BLK.N) largest mutual fund, fearing Trump administration policies could hurt technology companies with hefty foreign revenue streams, have reshuffled their top holdings, and it appears one of the first casualties is Google.<p>Alphabet Inc (GOOG.O) has …

Wall Street

Here's what Warren Buffett's portfolio looked like 25 years ago

Warren Buffett is perhaps the most successful buy-and-hold investor, but that doesn't necessarily mean he always buys stocks and holds onto them forever. To illustrate this, let's look at <b>Berkshire Hathaway</b>'s (NYSE:BRK-A) (NYSE:BRK-B) largest stock holdings 25 years ago and compare them with …

Investing

Average US 30-year mortgage rate dips to 4.15 percent

WASHINGTON (AP) — Long-term mortgage rates slipped again this week.<p>Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans eased to 4.15 percent from 4.17 percent last week. The benchmark rate stood at 3.65 percent a year ago and averaged 3.65 percent through 2016, lowest in records …

Mortgages

Tesla: Market Cap Rises To 88 Percent Of Ford's $49 Billion

Tesla gets top marks from Consumer Reports’ 2016 Annual Owner Satisfaction Survey (San Francisco store shown).<p>The Model 3 is due for production in …

Tesla

The next iPhone's battery might be getting a Plus-sized boost

No matter how much faster, thinner or bigger iPhones get with each passing year, most users have one consistent complaint: the painfully small annual improvements to the device's battery life.<p>The latest iPhone rumor from KGI Security analyst Ming-Chi Kuo, a reliable source for leaks in the past, …

iPhone

Trump's tax plan is built on one of the biggest lies our parents told us about the economy

This is very simple. The idea that tax cuts "pay for themselves" is a false idea.<p>But it is persistent — having been firmly planted in the political discourse by supply-side economists decades ago, and becoming all the rage during the Reagan administration.<p>And it is coming back in force with …

Economics

Elon Musk: Self-Driving Car Revolution Will Leave 15% of World Population Without Jobs

The future of the driverless car is much closer than people realize, Elon Musk reportedly said in a speech in Dubai Monday. That’s the good news. The …

Elon Musk

Buffett Bets Big on Apple

Warren Buffett's Berkshire Hathaway Inc was an aggressive buyer of stocks in last year's fourth quarter, disclosing significant increases in its stakes in Apple Inc and in the four biggest U.S. airlines.<p>In a regulatory filing, Berkshire said it nearly quadrupled its stake in Apple to about 57.4 …

Warren Buffett

Patient Tesla Model 3 Fans Don't Mind Waiting For Ultimate EV

It is no secret that Tesla Motors Inc (NASDAQ:TSLA) has an extremely supportive consumer base. Nearly 400,000 people have lined up to get their hands …

Tesla

Oil falls on rise in U.S. drilling, selling ahead of OPEC report

Oil prices fell nearly 1 per cent on Monday in response to growing evidence that U.S. production is rising and as some investors unwound positions ahead of OPEC’s first report on compliance with its deal to cut production.<p>Global benchmark Brent crude futures were down 45 cents at $56.25 a barrel at …

Oil

25 Quotes From Confucius That Will Change the Way You Spend Your Life

If you’ve ever studied Chinese history, you’ve undoubtedly heard of the great philosopher Confucius.<p>Not only has his words of wisdom had enormous …

Success

A massive solar storm could wipe out almost all of our modern technology — and we'd have just hours to prepare

In 1859, an invisible wave crashed into the Earth.<p>Electrons, swept up like so much detritus in the magnetic current, coursed along telegraph wires. When they met an obstacle, like the hand of a telegraph operator, they crashed through it — delivering a sharp shock.<p>Papers in telegraph offices caught …

Space

The top 10 US cities where buying a home is worth the investment

Home is where the heart is, so the saying goes. For homeowners, their home is also where they probably invested a large chunk of their money.<p>In some places homeownership has proved to be a worthwhile investment, as the home values skyrocket. But in other places, depressed home values and high …

Real Estate

Credit cards are going the way of fax machines

The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and even TVs.<p>But the next change might be the most radical of all—it could eliminate the need to carry …

Authentication

California's 'unending' statewide drought has ended for now

A year ago, news outlets warned drier conditions brought on by global warming would make California’s six-year drought “permanent.”<p>But one weekend of intense storms dumped 350 billion gallons of water into California reservoirs, effectively ending the statewide drought. After more weeks with rain …

Water

Foreign governments are dumping Treasurys like never before

It started with a whimper a couple of years ago and has turned into a roar: foreign governments are dumping US Treasuries. The signs are coming from all sides. The data from the US Treasury Department points at it. The People’s Bank of China points at it in its data releases on its foreign exchange …

Economics

iMessage is the only thing keeping me on an iPhone

There once was a time I texted without fireworks. I'm never going back.<p>Honestly, is there a better way to say you have a stomachache than with virtual pyrotechnics? Nope, and it doesn't even stop there. You communicate your malaise with fireworks and then toss in an animation of an obese cat eating …

iOS

First look with pictures at Tesla’s new mobile app with new UI, touch ID, and widgets

<b>Update</b>: Tesla officially released the app on both iOS and Android.<p>Last month, we published an exclusive report on Tesla’s upcoming new mobile map: ‘Tesla is about to release its biggest app update yet: Touch ID login, widget integration, and more‘.<p>We revealed several new features to be released …

iOS

The Myth of Apple's Great Design

The company’s new “spaceship” headquarters shows how its beauty has always been skin deep.<p><i>Apple has great design</i> is the biggest myth in technology today. The latest victim of this ideology comes in the form a remarkable report on the late Steve Jobs’s final project, still in production: a new, $5 …

iPhone

It’s possible iPhone cameras could soon refocus the shot — after a photo is taken

Why it matters to you<p>If a recently uncovered patent comes to life, future iPhone users wouldn't have to worry about out-of-focus shots.<p>Future iPhones …

iPhoneography

What’s Apple to Do with $246 Billion in Cash?

Apple has $246 billion in cash sitting around, and investors have lots of ideas about how the company should spend it. Most of them, for now, seem …

Apple TV

13 crazy facts you didn't know about the Apple Campus 2

Apple's new spaceship HQ will be one of the greatest offices in the world - find out about the build.<p>Apple Campus 2 is the multi-billion dollar …

Construction

I asked Warren Buffett what it's like to be super rich, and we should all keep his answer in mind

Who doesn't want to make a lot of money?<p>Money may not make people happy, but it surely will buy them some peace of mind. How much do you need in the bank so that you never have to worry again?<p>Usually people have an "I'm rich" number.<p>Maybe it's $1 million. Or $10 million. A UBS survey found that …

Wealth

A renowned Harvard economist explains why his class has been the most popular 4 years in a row

For the fourth year in a row, "Economics 10b: Principles of Economics" is the most popular spring class at Harvard, The Harvard Crimson reported.<p>The class, taught by renowned economist Gregory Mankiw, is actually a full-year course, where the fall term teaches microeconomics concepts and the spring …

Education

The US is planning to sell 10 million barrels of crude oil from its reserves this month

Some 10 million barrels of crude from the US’s strategic reserve are scheduled to be sold later this month, the Department of Energy said.<p>The shipment is part of a total 25 million barrels, to be sold over a period of three years, as per the 21st Century Cures Act, signed in December last …

Oil

Apple’s next iPhone might cost more than $1000 thanks to OLED displays

iPhone rumor season is upon us — as if it ever ends — and the latest claims that the next iPhone will cost upwards of $1000 (at least, for the most expensive model).<p>To be clear, that isn’t a huge deal considering that the top-of-the-line iPhone currently costs more than $900. Still, Fast Company …

iPhone

How a 60-year-old Canadian sportswear manufacturer convinced regular people to wear $900 arctic parkas

Outerwear marker Canada Goose has confidentially filed for a double-listed IPO in New York and Toronto, Bloomberg reported Wednesday.<p>Chances are, if you live in a major American city that gets snow in the winter, you've seen a Canada Goose jacket at one point or another. The red, white, and blue …

Fashion