international

American International Group Expects Losses After Natural Disasters

American International Group Expects Losses After Natural Disasters

According to Reuters, American International Group Inc. (NYSE: AIG) announced that it expects to book pre-tax losses of about $3 billion in the third quarter related to natural disasters, hurricanes Harvey, Maria and Irma. American International Gro..

Elon Musk Predicts Mars Colonization by 2024

Elon Musk Predicts Mars Colonization by 2024

Elon Musk, founder of SpaceX, presented his new updated plan for the colonization of Mars at The International Astronautical Congress in Adelaide, Australia on Friday. But he said that the biggest problem for the company would be the expenses."..

Analysts Fear for the U.S. Dollar's Status as World Reserve Currency

Analysts Fear for the U.S. Dollar's Status as World Reserve Currency

It is no secret that world over, the U.S. dollar enjoys the pride of place. Central banks use the dollar as the world reserve currency and when you look at the transactions that take place across the globe, nearly 90% of them are carried out in U.S...

AIG Will Restructure into Three New Business Units

AIG Will Restructure into Three New Business Units

On Monday, American International Group Inc (NYSE: AIG) announced that it will restructure into three new business units and the Commercial and Consumer units will be cut. This is the first major move by new Chief Executive Brian Duperreault, who to..

IBM invests $240 for AI research with MIT

IBM invests $240 for AI research with MIT

International Business Machines Corp. (NYSE: IBM) and Massachusetts Institute of Technology announced on Thursday that the two plan for 10 year, $240 million investment to create the MIT-IBM Watson AI Lab. The lab’s purpose is to research fund..

Burger King Creates Its Own Cryptocurrency in Russia

Burger King Creates Its Own Cryptocurrency in Russia

Cryptocurrencies are some of the hottest investments this year. Many companies try to gain exposure in this sector. Recently, Burger King, which is operated by Restaurant Brands International Inc (NYSE: QSR), launched its own virtual coin in Russia...

IBM Teams Up with Food Giants on Blockchain

IBM Teams Up with Food Giants on Blockchain

Food giants such as Nestle, Wal-Mart Stores Inc (NYSE: WMT), and Unilever NV (NYSE: UN) have joined together to announce a blockchain collaboration with International Business Machines Corp. (NYSE: IBM). Blockchains is a technology that is based on ..