Section: Business Insider (USA)
2014 Is Going Down As The Biggest Year For IPOs Since The Dotcom Bubble
Big companies weren’t shy about going public in 2014. “With 273 IPOs, 2014 was the most active period of issuance since 406 companies went public in 2000,” noted the folks at Renaissance Capital IPO Intelligence. “It was the second year of uninterrupted IPO activity, up 23% over 2013, due to a doubling of biotech...
STOCKS HAVE ANOTHER MONSTER DAY: Here’s What You Need To Know (DIA, SPY, QQQ, TLT, IWM, RSX)
For the second day in a row, stocks had their best day of the year. After a huge rally on Wednesday, stocks topped these gains on Thursday, with the Dow gaining more than 400 points and all of the major equity indexes adding more than 2%. This was the biggest two-day rally for stocks since 2011 and the biggest one day gain for the S&P 500...
There’s A Problem With Russia’s Foreign Currency Reserves
At a televised cabinet meeting today, Russian prime minister Dmitry Medvedev urged calm, suggesting that the country has enough money to weather the current economic storm. “All the economic and production goals that you have set yourselves, the country has the currency resources to achieve them,” he said. That’s been Vladamir Putin’s...
The 11 Best Quips From Putin’s Annual Press Conference
Russian President Vladimir Putin gave a marathon press conference Thursday in which he discussed the economy, the collapse of the ruble, Ukraine, China, tensions with the West, talk of a “new Cold War,” and more. Over the course of the three-and-a-half-hour press conference, Putin also made quite a few humorous quips. We’ve...
Putin promises economic recovery, digs in on Ukraine
Moscow (AFP) – President Vladimir Putin on Thursday tried to quell fears of economic collapse and vowed rapid recovery from the worst financial crisis of his rule but stressed that his position on Ukraine has not shifted.Speaking at an annual news conference, the Russian leader said that the economic downturn will last two years at most and...
Ruble Slipping Again As Putin Says The Situation Is ‘Not A Crisis’
The ruble slipped again as President Vladimir Putin told reporters during his annual press conference on Thursday that the currency’s falls were ‘not a crisis’. At the time of writing the ruble was down 3% against the dollar as Putin attempted to reassure people over the prospects for the Russian economy, which is widely...
Putin: Russia’s Economy Will Rebound In 2 Years At Most
Russian President Vladimir Putin is giving a huge press conference today that’s likely to last several hours, speaking about his country’s economy and the collapse of the ruble. Putin is also expected to address Russia’s conflicts with the West. For those who want to follow along, several English-speaking journalists, including...
Cuba coup for pope with the popular touch
Vatican City (AFP) – Pope Francis’s pivotal role in a landmark breakthrough in US-Cuba relations was the latest coup for a pontiff whose personality and popularity have made him an influential player on the global stage.As the world digested news of the historic rapprochement, it emerged that the Vatican had played a central role in...
These 5 Billionaires Lost The Most Money This Year
Wealth-X just announced its list of the biggest losers this year, proving that even the wealthiest hit rough patches. Russian gas mogul Leonid Mikhelson lost the most, with over 40% of his fortune slipping away between Russia’s struggling economy and weak oil prices. Here are the billionaires who lost the most in 2014: 1. Leonid Mikhelson...
‘A Sense Of Panic’ May Force Putin To Sack His Government
Michael McFaul, former US ambassador to Moscow, told CNBC that there is “a sense of panic among [Russia’s] elites right now” that could lead Russia’s President Vladimir Putin to change his government. The Stanford professor suggested that Putin could undertake a surprise reshuffle in an effort to reassure key players in...
