Section: Business Insider (USA)
LIVE: OBAMA OUTLINES ‘STRATEGY’ TO ‘DESTROY’ ISIS
President Barack Obama outlined a new, expanded strategy to “degrade and ultimately destroy” the extremist group calling itself the Islamic State (also know as ISIS or ISIL) with a primetime speech Wednesday night. Speaking from the state floor of the White House, Obama vowed to “eradicate” the group. Ahead of...
George Soros Nails It On Why The Scottish Independence Vote Is Coming At The Worst Possible Time
When it comes to the intersection of politics, finance, and European history, there’s nobody better to listen to than George Soros. Soros wrote the indispensable essay during the worst of the Eurozone economic crisis. In a just-published essay, Soros has now weighed in on the Scottish independence referendum — coming up on September 18 —...
EU’s Juncker gives France, Britain key economic jobs
Brussels (AFP) – France and Britain secured top positions on Wednesday in incoming European Commission President Jean Claude-Juncker’s new team, which must tackle a stagnant economy, rising euroscepticism and the Ukraine crisis on its borders.Former French finance minister Pierre Moscovici was named economic affairs commissioner, the...
Poroshenko vows separatist east will stay part of Ukraine
Kiev (AFP) – Ukrainian President Petro Poroshenko said on Wednesday he would submit to parliament a bill granting parts of the separatist east more autonomy but keeping it part of the ex-Soviet state.”There is and can be no talk of federalisation or some estrangement (by the rebel-held regions),” he told a cabinet meeting...
The Majority Of Americans Already Consider Obama’s Presidency A ‘Failure’
President Barack Obama’s legacy isn’t looking so hot — at least according to what respondents told a Washington Post-ABC News poll released Tuesday morning. The poll found a 52% majority of Americans believe Obama’s presidency is, on a balance, a “failure,” compared to 42% who believe it to be a success. Those on the...
HERE IT IS: SocGen’s Famous Chart With The Black Swans
Societe Generale is out with its latest quarterly chart of “swan” risks. “Black swans” characterize unforeseen and unlikely events that have the potential to rock the economy and financial markets. While the sharp slowdown in Europe has dominated the economic headlines lately, SocGen believes that we should be most worried...
The 10 Most Important Things In The World Right Now
Good morning! Here’s what people will chatting about on Tuesday. 1. Apple is expected to unveil the iPhone 6 and other new products in a mega-event on Tuesday. Haven’t heard about the iPhone 6? Read all about it here. 2. The Dutch Safety Board will publish a preliminary report on the investigation into the crash of flight MH17 over...
Ukraine MH17 initial crash report due
The Hague (AFP) – A highly anticipated preliminary report into what brought down Malaysia flight MH17 over eastern Ukraine will be released on Tuesday, hoping to shed light on the air disaster that claimed the lives of 298 passengers. The air crash team led by investigators from the Netherlands will release its report at 0800 GMT on the...
Clooney to wed in Venice in ‘couple of weeks’
Los Angeles (AFP) – Heartthrob actor George Clooney is to marry his British lawyer fiancee Amal Alamuddin in Venice in a “couple of weeks”, according to news reports confirmed in part by his spokesman. The US actor’s spokesman confirmed the wedding venue but not the date after Clooney let slip his plans to marry the human...
A Wall Street Strategist Put Together An Awesome Presentation On Everything In The Markets And The Economy Now (DIA, SPY, QQQ, TLT, IWM, XRT, XLF, XHB, FDN, XLK, XLU, XLP)
We’re back at all-time highs. Despite a jobs report on Friday that disappointed, the S&P 500 closed at a fresh all-time high of 2,007. In his investment strategy update for September, Jon Stoltzfus, chief market strategist at Oppenheimer, sees a chance for stocks to run higher still. “In the near term we expect that investors...
