These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Europe's wealthiest people are planning to put more of their cash into equities, believing they will outperform all other asset classes, new data shows. And it's those ultra-high net worth individuals based in the crisis-hit countries like Spain and Greece who are more bullish than any other group.
Some 75 percent of Europe's ultra-high net worth private investors with assets of at least $30 million along with high net worth investors, those with more than $1 million in liquid assets, plan to commit additional cash reserves to their investment portfolios generally, according to research carried out by JPMorgan Private Bank.
Wealthy investors in Spain and Greece were more convinced of the performance of stocks than any other group, with 70 percent and 59 percent of investors in these countries respectively bullish on the asset class, particularly European equities, the study found.
More than half of those polled across 15 different European cities revealed they plan to invest more cash in equities, followed by 18 percent willing to add more money to alternatives such as hedge funds and real estate. A further 18 percent however plan to hang onto their cash rather than invest it.
"Many investors have carried large cash positions over the past few years and have missed out on strong returns for risk assets, especially equities. We believe 2014 will be another year in which it pays to be invested," said chief investment strategist for JPMorgan Private Bank in EMEA, César Pérez.
Almost 1000 of Europe's wealthiest investors were surveyed in person by JPMorgan Private Bank on their investment sentiment and portfolio positioning in January and February this year.
At the same time, high net worth individuals are increasingly using their pricey assets such as cars, art and diamonds as collateral for loans, as demand for large scale loans rises.
U.K. based personal asset lender Borro has issued £70 million worth of loans since it launched in 2008 and recently secured a further £67 million lending facility to meet growing need.
Borro offers loans of up to £1.2 million against high value assets and the firm said it had recently lent against a selection of Warhol canvases, a Bugatti and a 9 carat diamond.
Borro chief executive Paul Aitken said the group has lent against a plane, designer handbags and antiques in both the U.K. and the U.S.
"Our customers are asset-rich, cash-poor. The reasons for this can vary - be it for bridging proposes, to pay an unexpected tax bill, to pay school fees or to fund a business or property venture," said Aitken.