Section: Business Insider (USA)
German Factory Orders Collapse
German factory orders fell 5.7% between July and August, worse than 2.5% decline expected by economists. Orders are down 1.3% from August last year. It’s the worst single-month drop since the beginning of 2009. Export orders were worst hit, and that matches the business surveys that suggest there’s been a knock-on effect from the war...
Nobel season opens with Snowden, chili research
Stockholm (AFP) – Nobel season opens with speculation rife over fugitive US intelligence leaker Edward Snowden’s prospects for the peace prize and whether the first award announced Monday — the medicine prize — could go to research into chili, heat and pain.US physiologist David Julius has been touted by Sweden’s...
The US Economy Has Reached A Turning Point
The US economy grew at its fastest rate in eight years in the second quarter of 2014, but Americans still think the US is in the midst of a recession. Two key trends will solidify the recovery in 2015: higher wages as unemployment falls below 6%, and an expansion in consumer credit as households reach the end of the debt deleveraging cycle....
REPORT: ‘Russians’ Behind Huge JPMorgan Cyberattack
US officials are far more concerned than they are publicly acknowledging about the gigantic cyberattack against JPMorgan that affected as many as 76 million households. And they believe Russians with at least loose connections to the country’s government are behind the attack, according to a new report from The New York Times. JP Morgan...
Russian Inflation Hits Its Highest Level For 3 Years Amid First Signs Of Food Shortages
Vladimir Putin’s tit-for-tat sanctions against food imports from the West have driven consumer price inflation in Russia to 8% in September — its highest point for three years and way above the Russian central bank’s target of 5-6%. The figures will be a headache for policymakers faced with a sluggish economy on the one hand,...
Here’s A 10-Second Guide To What Traders Are Talking About Today
Dave Lutz of JonesTrading has the top topics about which traders are talking about today: Good Morning, and Happy Friday! Equity Futures continue to rally led by a 50bp pop in Smallcaps, the spark starting after the European Credit close yesterday and continuing this AM – Hong Kong’s markets reopened after China’s National Day...
Most Americans Couldn’t Answer These Basic News Questions — Can You?
The Pew Research Center conducted a national current events survey of about 1,000 adults who are representative of the US population. The results are discouraging. (If you want to take the multiple-choice quiz yourself before seeing how other Americans answered, click over to Pew.) Most adult Americans who took the quiz couldn’t name the...
Western Banks Have Basically Gone On Strike Against Russia, Cutting Off Its Credit
The amount of debt issued by Russian companies has collapsed due to fears of Western sanctions over the crisis in Ukraine. In the first three quarters of this year the total amount of foreign-currency debt plummeted 83% compared to the same period last year. Nomura Securities estimates that the total value of sales was $9.8 billion so far in 2014...
Radio Free Europe back on frontline over Ukraine
Prague (AFP) – A quarter century after it helped topple totalitarian Communist regimes in eastern Europe, the US-funded Radio Free Europe/Radio Liberty is duelling Moscow again, this time in a media war over the Ukraine crisis.Broadcasting from Prague and targeting countries with restricted press freedom, RFE/RL has seen audience numbers...
During Times Like This, Advisors Should Call Their Most Anxious Clients
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Advisors Should Call Up Their Nervous Clients Today (Advisor Perspectives) Clients always get nervous around a market “hiccup.” In these situations, it’s important to first understand where this nervousness...
