Blog Profile / Business Insider: Clusterstock

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Archived Since:February 11, 2009

Blog Post Archive

There's really only one thing to wonder about after the Moody's China downgrade

There's really only one thing to wonder about now that Moody's has downgraded China's credit rating, and that's what it means for Janet Yellen and the Federal Reserve. First, a refresher in case this is how you're getting the news. For the first time since 1989, Moody's — a debt ratings agency — downgraded China's credit rating from A1 from Aa3. Show More Summary

This Montauk estate is on the market for $48 million — 7,600% more than what its owners paid for it

A Montauk estate built on a plot of land that was originally bought for $620,000 in 1992 is now on the market for a whopping $48 million. Owned by framing business owner Eli Wilner and his wife, Barbara, the estate encompasses more than 36 acres of private reserve on the waterfront next to where Andy Warhol once lived. Show More Summary

OPEC is gathering to determine its next move — here's what you need to know

OPEC ministers are gathering in Vienna on Thursday to address the ongoing oil glut and figure out their next move. Most analysts expect the cartel to extend production cuts for another six to nine months following recent statements from...Show More Summary

The Brooklyn Bridge just turned 134 years old — here are 14 surprising facts about the iconic landmark

The Brooklyn Bridge celebrated its 134th birthday on Wednesday. The bridge opened to the public on May 24, 1883 and to mark the occasion the city put on an extravagant firework show between Manhattan and Brooklyn. Needless to say, the bridge has a long, rich history. Show More Summary

This Corvette will be the pace car at the Indy 500 — and we drove it (GM)

I'm not going to get into the long and illustrious history of the Chevrolet Corvette, in continuous production since the 1950s and now into its seventh generation. You can look it up. Suffice it to say that we really, really like Vettes. Show More Summary

Here come the Fed minutes ...

The Federal Reserve will at 2 p.m. ET publish minutes of the policy meeting held earlier in May. As expected, the Federal Open Market Committee left its benchmark interest rate unchanged, and markets anticipate that it would hike again at the June meeting. 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. Wall Street's workforce is slowly and relentlessly shrinking. Every year, the number of bankers and traders employed by the largest banks on Wall Street falls a little. Show More Summary

There’s another American economy facing talk of presidential impeachment

Forget, for a brief second, Donald Trump’s connections with Russia, the appointment of a Special Counsel and talk of possible obstruction of justice and even impeachment. There’s another large country in the Americas facing a political...Show More Summary

Volvo and Lotus are about to join forces

The Chinese owner of Volvo Cars just took a controlling stake in British sports car maker Lotus. It bought 51% of Lotus from Malaysian automaker Proton Holdings. It's also buying 49.9% of Proton itself. With Lotus, Geely is gaining one...Show More Summary

Gillette is facing a new threat from one of its oldest rivals

In the words of Donald Trump, paraphrasing his father: "When you're on top, you've got a lot of people gunning for you." Razor giant Gillette, fresh off of new initiatives launched to fend off startup competitors like Harry's and Dollar...Show More Summary

Norway's central bank has made a bizarre music video to celebrate its new 'cod' banknotes

Norway's central bank has released a bizarre music video promoting the imminent launch of its new banknotes, which feature the national fish, the cod, on them. Norwegian comedy trio KLM feature in the video, released by Norges Bank, singing...Show More Summary

FSIs get a blockchain tech playground

This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. Despite the benefits financial services institutions (FSIs) stand to reap from adopting blockchain technology,...Show More Summary

How to grill the perfect steak

As we head into summer, it's time to perfect your grilling technique. We reached out to professional chef David Mawhinney of Haven's Kitchen in New York to talk about the best cuts of steak to grill, as well as how to temper, season,...Show More Summary

Food ordering could be an engagement tool for Facebook (FB)

This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Last week, Facebook announced a new functionality, called “Order Food,” that will allow customers to order and...Show More Summary

A European banking dynasty just made four big US hires

Rothschild & Co, one of the oldest banks in Europe, just keeps on making hires in the US. The firm announced the hiring of four managing directors to its US consumer and healthcare teams. Reza Vahabzadeh, Siddharth Hariharan, AashisShow More Summary

Here come existing-home sales ...

The National Association of Realtors will release its monthly report on existing-home sales at 10 a.m. ET. Economists forecast that sales of existing condos, coops, and single-family homes fell 1.1% at a seasonally adjusted annual rate of 5.65 million. Show More Summary

Here comes the Bank of Canada...

The Bank of Canada's latest monetary policy decision is due out at 10 a.m. ET. Most economists forecast that the bank will once again hold rates at 0.50%. "In the view of our Canadian economist, on balance not much has changed sinceShow More Summary

10 things you need to know before the opening bell

Here is what you need to know. Moody's downgrades China for the first time since 1989. The ratings agency cut its China rating to A1 from Aa3, saying it "expects that economy-wide leverage will increase further over the coming years." Iron ore got crushed. Show More Summary

Container Store explodes higher after sales beat, layoff announcement (TCS)

The Container Store Group's stock surged 37% to $5.67 a share after the company reported fourth-quarter results that beat analysts' expectations and announced a restructuring plan. Net sales for the period were $221 million, exceeding consensus estimates of $213 million. Show More Summary

GOLDMAN SACHS: Hedge funds are betting billions that these 18 stocks are doomed

Hedge funds have had a great year picking stocks. But there's a dark underbelly to their investment activity that involves betting on companies to falter. In order to see which stocks bear the biggest burden of hedge fund shorts, the...Show More Summary

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