‘Diversification is not a luxury’: Abu Dhabi eyes financial services to stem oil price pressure

Abu Dhabi has set its sights on developing a booming financial services sector in a continued push to diversify the United Arab Emirates’ economy as its comes under continued pressure from oil prices. The UAE and other OPEC and non-OPEC countries are trying to...

Wynn Resorts board gives nod for $1.5 billion lagoon-theme park in Las Vegas, stock pops 4% on earnings beat

Wynn Resorts plans to start construction as early as December on the first phase of its $1.5 billion Paradise Park, creating a white sand lagoon waterfront featuring attractions in Las Vegas, the company said Tuesday. “We’ve got all these great ideas that...

US military reportedly begins moving THAAD missile defense system into South Korea site

The U.S. military has started moving parts of the controversial THAAD anti-missile defense system into a planned deployment site in South Korea, Yonhap news agency reported on Wednesday. The United States and South Korea have agreed to deploy THAAD in response to...

Over 50 and want to boost your brain health? Do this one thing

You might want to gift your parent or grandparent a sweatband soon, because exercise could confer significant benefits on the aging brain, according to a new study. Specifically, people ages 50 and older experienced boosts to brain health following exercise sessions...

US regulators to review decision denying bitcoin ETF

The U.S. Securities and Exchange Commission plans to review a decision last month to deny a request to list what would have been the first U.S. exchange-traded fund built to track the digital currency bitcoin. Bitcoin traded up 1.7 percent after the news at...

Elliott urges Arconic to elect all four shareholder nominees

Activist hedge fund Elliott Management on Tuesday issued a fresh letter to specialty metals maker Arconic’s shareholders, urging them to elect all of its four shareholder nominees to Arconic’s board. Elliott’s latest pressure comes a day after...