Blog Profile / Business Insider: Money Game

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Archived Since:February 11, 2009

Blog Post Archive

How this private college maintains a $1 billion endowment without charging tuition

Berea College, a liberal arts college located in Kentucky, has a massive $1 billion endowment. But unlike other private liberal arts colleges with whopping endowments, Berea has accumulated its endowment all while offering four-year degrees to students tuition-free. Show More Summary

A hotel manager in Arkansas fired his employee after she spoke to a reporter about minimum wage

A hotel owner in Arkansas fired an employee after she spoke to the Washington Post's Chico Harlan about the state's 25 cent wage hike last month. Harlan writes this week that Shanna Tippen, who at the time of the original story worked...Show More Summary

CEO Musk upbeat about Tesla's future in China - tweets

By Paul Lienert DETROIT (Reuters) - Elon Musk, the widely followed chief executive of electric car maker Tesla Motors Inc, tweeted several optimistic statements about the company's sagging China operations on Monday, sparking a sharp rebound the company's stock. Show More Summary

Deutsche Bank just hacked its Q1 GDP estimate to 1.7% from 2.4% — and it might not be done lowering expectations

Deutsche Bank's Joe LaVorgna just make a huge dent to his first quarter GDP forecast. In a note on Monday following the latest report on personal income and spending, LaVorgna cut his Q1 GDP tracking estimate to 1.7% from 2.4%. And LaVorgna might not be done hacking his expectations for the quarter. Show More Summary

McDonald's starts table service in Germany

FRANKFURT (Reuters) - McDonald's Corp is introducing table service in Germany as it reinvents itself as a "modern, progressive burger company" under new Chief Executive Steve Easterbrook, it said on Monday. Diners at its Frankfurt Airport...Show More Summary

The wealth gap between black, white, and Latino families in the US is astounding

In a paper titled "The Racial Wealth Gap: Why Policy Matters," research from the Institute on Assets and Social Policy (IASP) at Brandeis University and public policy organization Demos examined the disparities in wealth held by black, white, and Latino households in the US. Show More Summary

Credit Suisse thinks the best thing for BlackBerry to do is break up (BBRY)

Credit Suisse is bearish on BlackBerry. In its fourth quarter earnings released Friday, BlackBerry reported earnings of $0.04 a share on profits of $76 million, beating analysts estimates for a $0.04 loss. But revenues of $660 million missed the forecast of $778 million, and were 32% lower year-over-year. Show More Summary

Amazon Web Services will lose money on $6.6 billion in revenue this year, says analyst (AMZN)

Amazon's cloud computing business is growing fast and will grow from $4.6 billion in revenue in 2014 to $6.6 billion in 2015 and $9.2 billion in 2016, according to estimates by Citi. But its margins are razor-thin — Citi estimates it lost $123 million in 2014, and will earn only $69 million by 2016. Show More Summary

For the first time the Chinese government has admitted that things aren't going so well

On Sunday, a high-level Chinese official made the government's first admission that the country's economic slow down is not going as planned. China's top banker Zhou Xiaochuan told a meeting of regional leaders that his country's growth...Show More Summary

Here's the deal with the $2.5 billion at the center of Lynn Tilton's fraud case

Federal investigators are probing how private equity "queen" Lynn Tilton managed three funds controlling more than $2.5 billion in collateralized loan obligation (CLO) funds she has run through Patriarch Partners, her private equity firm. Show More Summary

Carl Icahn might want to get involved in the Lumber Liquidators fight but 'needs to figure out who he hates less' (LL)

Carl Icahn sort of wants to get involved in the Lumber Liquidators fight.  According to Fox Business' Charlie Gasparino, Carl Icahn is weighing a long or short position in Lumber Liquidators but "needs to figure out who he hates less." Of course, Icahn may just decide to sit the whole thing out. Show More Summary

Why I just bought a load of Ocado stock

I just bought £650 ($1,000) of Ocado stock because I believe this company is going to totally change online grocery shopping in the UK, and most people have no clue that this change is on its way. Let's back up a bit: The other night I went to Sainsbury's to buy a Prawn Makhani, possibly one of the most delicious objects on earth. Show More Summary

Bank of America says the euro is still going to plunge to parity with the dollar

Bank of America Merrill Lynch's latest forecast for the euro suggests it's still going to get a lot weaker against the dollar, despite a recent uptick. BAML's researchers are saying the euro will reach parity (where one euro is equal to one dollar) by the end of the year. Show More Summary

No, the US is not running out of places to hoard its oil

There continues to be a misunderstanding about the US's capacity to store oil. With demand slowing but supply surging, some folks have worried that an inability to store extra oil could mean a variety of things including crashing oil prices or an explosion in storage costs. Show More Summary

SEC accuses financier Lynn Tilton of defrauding investors

WASHINGTON (Reuters) - U.S. regulators took aim at financier Lynn Tilton and her advisory business on Monday, saying she breached her fiduciary duty to investors by hiding the poor performance of loans underlying three collateralized loan obligations. Show More Summary

Here come pending home sales...

The February pending home sales report will be released at 10:00 a.m. ET. Economists estimate the pace of sales increased by 0.3% month-over-month in February, or 8.7% year-over-year. From Bank of America Merrill Lynch: "The challenging...Show More Summary

Stocks are surging — Dow up 250 (DJI, SPX, IXIC, IBB)

Stocks opened higher after four consecutive down days last week marked one of the worst weeks for the market this year. Near 9:40 a.m. ET, the Dow was up 230 points, the S&P 500 was up 17 points, and the Nasdaq was up 41 points. It's a huge day for the biotech industry, with four deals announced before the market opened. Show More Summary

Exclusive: Morgan Stanley to sell natural gas business scrutinized by Fed

By Lauren Tara LaCapra NEW YORK (Reuters) - Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter. Show More Summary

BARRON'S: JPMorgan shares could rise 30% (JPM)

Barron's thinks JPMorgan could be worth $80 per share. In its cover story this weekend, Barron's made the case for shares of the bank giant to rise 30% by next year, arguing that relative to its peers shares of the bank are cheap and even just a modest increase its in price-to-earnings ratio could send shares notably higher. Show More Summary

KRUGMAN: I think Bernanke just revealed what people complained about most during his time at the Fed

In his first post as blogger for the Brookings Institute, former Federal Reserve Chairman Ben Bernanke discuss the impact of low interest rates on America's savers. It's interesting and a bit surprising. And according to Nobel Prize winner Paul Krugman, it may reveal what people complained most about during Bernanke's time at the Fed. Show More Summary

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