Blog Profile / Business Insider: Clusterstock

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Archived Since:February 11, 2009

Blog Post Archive

Deutsche Bank is reportedly staring down a $60 million trading loss (DB)

Deutsche Bank could be staring down a $60 million loss after a bad bet on inflation, Bloomberg reported Tuesday. The German lender's supervisory board is reportedly investigating whether traders flouted risk limits on derivatives trades...Show More Summary

Security startup Cloudflare has a plan to fund other startups

Cloudflare, the Google-backed startup that protects websites from cyber attacks and speeds up website performance, wants to give app developers a way to reach its customers. And it's launching a $100 million fund to jumpstart the effort.On...Show More Summary

32 cities around the world where the most rich people live

New York City remains the wealth capital of the world. According to a new report from Wealth-X, a firm that does research and valuations on ultra-high net worth (UHNW) individuals, the New York metro area counted the highest number of residents with $30 million or more in assets in 2016. Show More Summary

More teens are trading summer jobs to build their college résumé — here's why it might not pay off in the long run

Patrolling beaches or scooping ice cream in exchange for a paycheck has long been a summer tradition for teens in America. But now, teens are less likely to have a summer job than they were even 15 years ago.  In 2000, just over half of teens between the ages of 16 and 19 had a paid summer job. Show More Summary

The best type of sunglasses for every face shape — and how to figure out which one you are

Everyone wants a pair of sunglasses they'll look cool in — but not everyone knows how to go about buying one. There's lots of confusing information out there about face shapes and frames. We took the six most common face shapes and gave...Show More Summary

The new king of New York power lunching has arrived — here's what it's like to eat there

New York City's Four Seasons restaurant, famous for its power lunch and influential clientele, officially closed its doors last July. In early May, a new restaurant called The Grill opened in the space in the Seagram Building that was...Show More Summary

What you need to know on Wall Street today

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Some of the biggest players in trading sat side by side at the House Financial Services Committee's US Equity Market Structure hearing on...Show More Summary

The Senate Republican healthcare bill is collapsing

The Senate Republican healthcare bill teetered on the brink of collapse by Tuesday morning as the Congressional Budget Office delivered a brutal assessment of its potential effects on coverage. Sen. Susan Collins of Maine, a key moderate...Show More Summary

The stock market is relying more than ever on the world's hottest investment product

As one of the most important drivers of the eight-year equity bull market fades, another bullish catalyst looks primed to fill the void. Exchange-traded funds will purchase $300 billion of equities this year, more than 2015 and 2016 combined, according to Goldman Sachs. Show More Summary

Britain's biggest banks must set aside £11.4 billion to protect against a new downturn

LONDON — Britain's major lenders have been told by the Bank of England that they must set aside a combined £11.4 billion of capital in the next 18 months as a means to protect themselves from the risks of an economic downturn. In its...Show More Summary

Japanese bank Nomura has officially picked Frankfurt as its post-Brexit HQ and will move jobs out of London

LONDON – Japanese bank Nomura has confirmed reports it is applying for a licence to operate in Frankfurt as its European Union base after Brexit. Currently, its official European HQ is in London. The move will affect very few employees...Show More Summary

The number of super-rich 'ultra-high net worth' people in the world is growing

The last 12 months saw an increase in the number of super-rich people in the world, a change from the decline in 2015, despite political and market uncertainty. The biggest increases in wealth occurred in North America and Asia, with the biggest falls coming in Latin America and the Caribbean. Show More Summary

The Queen's property empire returned a record £328.8 million to the UK Treasury thanks to wind farms Prince Philip once described as 'absolutely useless'

LONDON — Queen Elizabeth's property empire, the Crown Estate, delivered a record £328.8 million to the Treasury last year thanks to beefed up returns from its wind farms and assets in central London. The return is up 8.1% on the previous year, and takes the total that the Estate has returned to the Exchequer in the last decade to over £2.6 billion. Show More Summary

DELOITTE: 1.2 million foreign workers could flee the UK in the next 5 years

LONDON — Close to half of the skilled EU nationals working in the UK could return home or move to other countries within five years. As many as 1.2 million foreign workers from around the globe are considering leaving Britain, a newShow More Summary

$500 million loaned to Mozambique is currently unaccounted for, according to a new report

Half a billion dollars worth of loans to Mozambique are currently unaccounted for and are rumoured to have gone to weapons, according to a report by independent auditor Kroll. The report also criticises main lender Credit Suisse forShow More Summary

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Tuesday. 1. Theresa May has signed a £1.5 billion deal with Northern Ireland's Democratic Unionist Party in order to prop up her minority Conservative government, the BBC reports. Show More Summary

Volvo will use NVIDIA's supercomputer to power its self-driving cars in 2021 (NVDA)

Nvidia announced its third automotive partnership this year as it looks to beat competitors like Intel in the race to power self-driving cars. Nvidia will install its Drive PX supercomputer system in Volvo cars by 2021, Nvidia CEO and founder Jensen Huang said during Automobil Elektronik Kongress, a conference in Germany, Monday night pacific time. Show More Summary

Consumer confidence in the UK plummets in wake of the hung parliament

LONDON — New data show consumer confidence has slumped in the wake of the UK's hung parliament, and is only marginally higher than it was in the immediate aftermath of the UK's vote to leave the European Union. The latest the Consumer...Show More Summary

The CBO report shows how the Senate healthcare bill could crush low-income Americans

The Congressional Budget Office released its projections for the effects of the Senate Republican healthcare bill on Monday. The report showed how devastating some of the changes in the bill, called the Better Care Reconciliation Act...Show More Summary

MORGAN STANLEY: GrubHub could get 'Amazoned'

A week after Amazon announced its deal to buy Whole Foods, analysts are beginning to brainstorm about how the “Amazon Effect” will disrupt other parts of the food industry, especially delivery. In a report published Sunday night, Morgan...Show More Summary

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