As The Economist is reporting in its upcoming January 9th print edition that Saudi Aramco, the Saudi state-owned oil company believed to be the world’s most valuable company, might issue shares for the first time in its history. Aramco is a monster. As The Economist notes, the company produces 10 million barrels of oil each […]
The one question nobody has ever said “no” to: Do you want to make more money? Almost every New Year’s resolution list includes something about making more money. By asking for a raise. Getting a promotion. Perhaps starting a side business to generate additional income Or taking a leap of faith to start your own […]
Most major indexes have something called “circuit breakers,” a mechanism that temporarily shuts down trading when markets become too volatile, allowing traders and investors a “cooling off period” to make the right decisions. read more >>> Source : CBC.Ca
Stocks dropped more than 2% in higher volume after China devalued its currency, fanning concerns about the world’s No. 2 economy. The Nasdaq sank 3%, the S&P 500 declined 2.4% and the Dow Jones industrial average lost 2.3%. Volume rose 22% on the NYSE and 20% on the Nasdaq compared to Wednesday, according to preliminary […]
SAN FRANCISCO, Jan 7 (Reuters) – A Chinese steel manufacturer faces renewed U.S. criminal charges over allegations that it arranged to improperly obtain confidential trade secrets from DuPont and got access to hacked information from the U.S. company’s computers. read more >>> Source : Reuters
The word radical is one of my favorites. It stems from the Latin word for root, radix. In fact, the English term doesn’t veer that far from its Latin origins. Among its “E-mail today is like playing whack-a-mole on groundhog day,” says Graeme Bodys, CEO of nooQ, a communication platform that collects and stores the […]
It was an ugly day on Wall Street. Overnight, stocks in China were halted. Oil hit a 14-year low. Stocks in the US got buried. And so for the third time this week stocks got slammed as stocks have managed to completely stumble to start the year. The scoreboard: Dow: 16,514, -391, (-2.3%) S&P 500: […]
* Dow index on track for worst start to a year in over a century read more >>> Source : Reuters
Wine offered investors a glass of Christmas cheer with sales up 12 per cent in the 10 weeks to January 4. read more >>> Source : The Daily Express
Maple Leaf Foods Inc. is offering to hire Syrian refugees to fill vacant jobs at two of its meat plants. read more >>> Source : CTVNews.Ca
read more >>> Source : Investors.com
Apple has purchased Emotient, which uses facial-recognition technology to determine a person’s emotions. read more >>> Source : CNN Money
* Dollar index posts biggest drop in nearly a month (Updates to late market action) read more >>> Source : Reuters
NEW YORK, Jan 7 (Reuters) – New York’s Mayor Bill de Blasio has submitted a resolution to the city’s police pension fund, urging it to consider exiting investments in companies that manufacture assault weapons for civilians, the mayor’s office said on Thursday. read more >>> Source : Reuters
The US dollar has gained against commodity currencies and the pound, but is ceding territory to the safe haven euro and yen. Yet the team at BNP Paribas explains how the greenback could regain ground, especially against the yen: Here is their view, courtesy of eFXnews: BNP Paribas outlook for the USD remains favourable as […]
Men and boys on the streets of Sana’a, Yemen’s largest city, sell fuel for cars and generators out of jerry cans, water bottles and barrels. The fuel black market is one of the few ways to keep a family afloat during this relentless war, they say. Meanwhile, airstrikes are only getting worse. “Yemen is under […]
Investors should be most concerned about THIS when weighing the situation in China, Art Cashin of UBS says. read more >>> Source : CNBC.Com
Valeant Pharmaceuticals’ new interim CEO Howard Schiller isn’t staying the course while J. Michael Pearson is hospitalized. In interview with the Financial Times’ David Crow, Schiller, a former Valeant CFO, said the company will steer clear of price increases for the foreseeable future. Valeant’s practice of buying off-patent drugs and drastically increasing the price came […]
Boeing looks to have cemented its position as the world’s biggest aircraft manufacturer after delivering a record 762 planes last year. read more >>> Source : BBC
If the brand new 2016 American Girl doll Lea Clark were to be driving in a 2016 Ford Focus RS — my household would explode. We couldn’t handle that sort of energy. My seven-year-old daughter wants the new 2016 American Girl doll so bad she can hardly speak about it. Likewise, I want the new […]
BENGHAZI, Libya, Jan 7 (Reuters) – A car bombing at a checkpoint in the Libyan oil port of Ras Lanuf left seven people dead and 11 wounded on Thursday, a Petroleum Facilities Guard spokesman said. read more >>> Source : Reuters
Facebook ‘On This Day’ feature triggers unpleasant memories of Charlie Hebdo Attacks. read more >>> Source : CNN Money
Cable and satellite television providers have to change their bills to make them easier for customers to understand, Canada’s broadcast regulator says. read more >>> Source : CBC.Ca
MEXICO CITY, Jan 7 (Reuters) – The depreciation of the Chinese yuan risks triggering a cycle of competitive devaluation and is causing enormous worry in the world’s financial markets, Mexican Finance… read more >>> Source : Reuters
On Friday morning at 8:30 a.m. ET, the Bureau of Labor Statistics will release the first jobs report of 2016. Notably, this will be the first jobs report since the Federal Reserve decided to raise interest rates off zero in mid-December. Via Bloomberg, here’s what economists expect for the release: Nonfarm payrolls: +200,000 Unemployment rate: […]
State regulators warn auto insurers to stick to underwriting based on risk. read more >>> Source : BankRate.Com
While oil prices fell to 12-year lows on Thursday, OPIS founder Tom Kloza thinks they could fall even lower. read more >>> Source : CNBC.Com
Over the years, I’ve worked with nearly 100 clients spanning the nonprofit, government, and for-profit sectors. Though marketing goals varied, one thing always held true: story is critical to their success. In fact, brands today dedicate whole departments to the creation and distribution of story-based content. And since YouTube is currently the second largest search […]
WASHINGTON, Jan 7 (Reuters) – Tension over the South China Sea highlights the need for the United States to maintain a strong Navy to serve as a deterrent, U.S. House Speaker Paul Ryan said on Thursday, criticizing the Obama administration for proposals he said would reduce the U.S. naval fleet. read more >>> Source : […]
Nuveen Asset Management’s Bob Doll is out with his 10 predictions for 2016, and the general theme is “meh.” In a presentation entitled “The Muddle Through Continues,” Doll laid out a case for slow global growth, meager investment returns, and a decent US economy. “There are going to be good days and bad days, good […]
Why have Marks and Spencer clothes fallen out of favour? read more >>> Source : BBC
Stock markets around the world are having a panic attack over China and crashing oil prices. Here’s what you need to know. read more >>> Source : CNN Money
Stocks shaved some losses but were still sharply lower across the board in midafternoon trading Thursday. The energy and commodities complex still paced the downside as crude oil futures, down nearly 6% on Wednesday, lopped off an additional 1.5%. The S&P 500 was down nearly 1.5% and the Dow industrials off 1.4%. The Nasdaq, which […]
MEXICO CITY, Jan 7 (Reuters) – Mexican Finance Minister Luis Videgaray on Thursday said that policymakers were satisfied with a current dollar auction program to support the peso and that they were… read more >>> Source : Reuters
Prime Finance is Business Insider’s midday summary of the top stories of the past 24 hours. The big news of the day, once again, is China. China shut down its stock market for the second time in four days after a 7% meltdown in 15 minutes. It has since said that the so-called circuit-breaker rule […]
WASHINGTON, Jan 7 (Reuters) – The House of Representatives could vote in the coming days on legislation backed by Republican and Democratic lawmakers to broaden U.S. sanctions on North Korea, House… read more >>> Source : Reuters
NEW YORK, Jan 7 (Reuters) – New York City’s Jacob K. Javits Center, one of the busiest convention centers in the country, will get a new $1 billion wing, Governor Andrew Cuomo announced on Thursday. read more >>> Source : Reuters
The federal economic development minister says he is continuing to examine the request for financial aid from struggling aerospace giant Bombardier Inc. read more >>> Source : CTVNews.Ca
Did Santa put an engagement ring in your stocking this Christmas? Or maybe you celebrated 2016 with a kiss and a wedding date. If these marriage proposals will include a move overseas, between talk of champagne, flowers, and packing, don’t forget the most important discussion: Money. After 20 years as an international banker, world traveler, […]
European car makers and luxury goods companies are among those most exposed to China’s slowing economy. read more >>> Source : CNN Money
There are 4 main reasons why consumers say they won’t be buying a new smartphone in 2016. read more >>> Source : BankRate.Com
Saturday’s jackpot will be the largest jackpot of any U.S. lottery game on record. read more >>> Source : CNBC.Com
SAVERS are at risk of losing thousands of pounds by failing to change pension provider when accessing their cash under new freedom rules, experts have warned. read more >>> Source : The Daily Express
As you contemplate retirement, think about these 4 things. read more >>> Source : BankRate.Com
You may be losing your shirt in the stock market this week, but you could get a leg up on your home loan. read more >>> Source : CNBC.Com