U.S. oil boom delivers surprise for traders – and it’s costly

The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market.


Reuters: Business News

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US oil boom delivers surprise for traders — and it’s costly

The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market.
Top News & Analysis

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San Francisco house prices explode in the first half of 2018 as tech boom shows no signs of slowing

The average price of a house in San Francisco grew by $ 205,000 in the first half of 2018, according to data from the MLS compiled by local real estate agency Paragon.
Real Estate

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NASA’s $248 million project to take supersonic jets from ‘boom’ to ‘thump’

Lockheed Martin has landed a contract to develop a quieter supersonic jet that could break into the commercial market in the United States. The obstacles: federal regulations against supersonic travel and commercial challenges that one analyst likened to a “tire fire.”
Business

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High-end art sales boom in 2017, but it’s only a partial market rebound

ZURICH (Reuters) – The works of great artists buoyed the art market last year and none did more than Leonardo da Vinci, whose ‘Salvator Mundi’ sold to great fanfare for $ 450 million in New York in November.


Reuters: Arts

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Growing Chinese Online Literature Market Leads to Film, TV, Game Adaptation Boom

China’s fast-growing online literature market has become an important source of inspiration for studios as film, TV, and online game adaptations of popular titles proved to be a major success in 2017. According to a report released this week by Chinese research firm iResearch, the market for online literature — fiction stories published on the […]

Variety

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Polar bears descend on Alaskan village, causing tourist boom: Part 1

ABC News

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Harold Hamm: The Trump boom may just be getting started—growth could hit 4%

Congress needs to pass a meaningful tax cut to fuel the Trump economic boom, says Continental Resources CEO Harold Hamm.
Economy

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Automakers expect business to boom after Harvey

DETROIT – The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their shares higher. General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV reported mixed results for August U.S. sales,…
Business | New York Post

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Sonic Boom: Napster, P2P and the Battle for the Future of Music

Sonic Boom: Napster, P2P and the Battle for the Future of Music


Used – The first book to tell the inside story of the battle for control over the future of music and how technology is ripping up the traditional rules of business. As the internet grew throughout the 1990s, software was developed, such as Liquid Audio and MP3, that could deliver music anywhere and most importantly for free. Bands were reaching fans without record company support; entrepreneurs made money distributing digital music files without licensing agreements; the music industry executiv

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