Brent Crude oil hit $50 a barrel overnight. It was just 2 weeks ago that the price was threatening to go under $40 a barrel. Oil has gained more than 20% over that time. There’s continued optimism that OPEC will cap production at its meeting next month. Uber has been very successful at disruption the on-demand ride business but it will have to start turning some very large profits to justify the $68 billion valuation given to it by investors. An New York University Professor ran available numbers on the San Francisco based company and came up with a value of just $30 billion. U.S. Olympic swimmer Jimmy Feigen has reached an agreement with officials in Rio De Janeiro to make an $11,000 donation to a Brazilian charity in an effort to resolve a dispute over a claim of robbery, according to media report. Brazilian authorities accused Feigen, Ryan Lochte, Gunnar Bentz and Jack Conger of making up a story about a robbery to cover up their acts of drunken vandalism.
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