What a month from an investor's point of view. Who would have thought that the last few days of November might bring about such a massive upswing in oil prices, and subsequently more expensive fuel prices at the pump. Saudi Arabia taking the biggest cut on their oil production amongst all OPEC members, others upping up their production, Russia being on board and capping their production.
Talking about production, apparently Millennials are to blame for drinking up the world's coffee supply. Glad, they are not drinking too much of my precious black tea. On the flip side, or maybe because of the high coffee consumption, Millennials engage more frequently in athletic activities than previous generations.
There has also been some news on the drive of bitcoins to become an increasingly serious contender as a regular currency. You can now buy train tickets and travel the beautiful Swiss mountains using the cryptocurrency. In the world of traditional currencies, while some have lost their millionaire status, others only have $1,000 in savings. But all of this can easily be changed with some advice for entrepreneurs, regardless of whether you are twenty or sixty years of age.
So here are ten of the stories that stood out in November:
1. The price of oil jumps by a staggering 8 percent after OPEC agreed on a deal capping, respectively, reducing their combined oil production in order to bring the barrel price back up.
2. On a less serious note 'Millenialls have a lot of explaining to do': why are they drinking up the world's coffee supply?
3. To stay on topic: a really interesting overview of Millennials' spending and saving habits. The slideshow from, who would have thought, Goldman Sachs, also has data on Millennial marriages, homeownership, and fitness habits.
4. Ever wondered how much you have in savings in comparison to other Millennials? Apparently the majority have a meager $1,000 in savings. Maybe they simply have more invested and working rather than keeping their hard-earned cash in low interest accounts?
5. Still looking for the best place to start your business? This is a fantastic overview of where to best start your business.
6. Some good advice for entrepreneurs. From good ideas to resilience, confidence to leadership abilities.
7. Fintech is not just for the young. An inspiring story that no better how old you are, if you have a vision, go for it and make it a reality.
8. The US election outcome drove up the price of bitcoins by 3%.
9. Bitcoins are becoming an increasingly serious contender to other currencies. Fancy buying a train ticket in Switzerland? You can now use bitcoins to travel from Zurich to Geneva. And even the Swiss government is now on board (no pun intended). Bitcoins will soon be regulated, just as any other financial asset or transaction, by Swiss Financial Authorities.
10. Millionaires: Brexit caused 15% of UK millionaires to lose their precious status. Don't despair, though, you can still call yourself wealthy if you have more $71,600 in assets - in fact, only 10% of the global population are in this favorable position.
