Blog Profile / Business Insider: Money Game

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Archived Since:February 11, 2009

Blog Post Archive

Former Greek finance minister Yanis Varoufakis wore this outrageous shirt to Greek parliament

Here's the shirt former Greek finance minister Yanis Varoufakis wore to Greek parliament on Friday. It's really something else. As for other problems dogging Varoufakis, Greek prime minister Alexis Tsipras doesn't think he ought to be...Show More Summary

The 7 biggest myths about American whiskey, debunked

The Prohibition Era left a gap in America's knowledge of whiskey, leading to a slew of myths and misconceptions. Whiskey and spirits enthusiast Noah Rothbaum debunks some of these myths in his new book, " The Art of American Whiskey, " which uses 100 vintage and modern labels to help tell the story of whiskey in America. Show More Summary

The FTSE ended the week on a high

The FTSE 100 rose today 0.41%, or 27 points to hit 6696.28. Overall the U.K.'s main share index closes the week on a high, despite a dip earlier on. Here's the chart: Carnival's shares climbed by as much as 5.7%, after its competitor Royal Caribbean increased its annual profit forecast. Show More Summary

Tumbling oil prices slam profit at Exxon Mobil, Chevron

By Ernest Scheyder and Anna Driver (Reuters) - Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Show More Summary

Miners are running out of gold

Most of the world's gold is out and has been turned into jewelry. A chart from Macquarie shows we've mined about three-quarters of the Earth's gold (that we know about), with only about 55,000 tonnes left to dig out. It will be all gone in 22 years if we keep up a nearly 2,500 tonne-a-year extraction rate and don't find any more. Show More Summary

Moving to a low-cost state could be a mistake that haunts you financially for years

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Living in a low-cost state could hurt you financially (Financial Advisor) The National Institute for Retirement Security says moving to a low-cost state could do more harm than good over the long run. Show More Summary

U.S. job market set for more than just 'some' attention

By Ross Finley LONDON (Reuters) - Now that U.S. Federal Reserve chief Janet Yellen has made it clear she's looking out for "some" improvement in the job market before voting for the first Fed interest rate rise in nearly a decade, so is everyone else. Show More Summary

There’s a massive World War II bomber at the bottom of a lake in Nevada

The American southwest is in the midst a catastrophic drought. It’s so bad, in fact, that it’s caused Lake Mead—a massive oasis in the middle of Majove Desert, formed by the Hoover Dam — to recede to the lowest levels ever seen. As of June, water levels were 154-feet below normal. Show More Summary

I used to be obsessed with SoulCycle — until I realized how much is wrong with the class

SoulCycle — an expensive fitness studio popular among urban women — filed to go public on Thursday. This verifies that the boutique indoor cycling classes are, in fact, taking over America. But as with many fitness fads, it's not all it's cracked up to be. Show More Summary

'Death Ray' skyscraper is wreaking havoc on London

A giant in London is melting cars, frying bike seats, and scorching sidewalks. But it's not Godzilla. It's a "Walkie Talkie" — the nickname for the 38-story skyscraper on Fenchurch Street in central London. The glare reflected from the glass-fronted building was so strong that people changed its name to "death ray" skyscraper. Show More Summary

Consumer confidence is falling

Consumer confidence has cooled off. The final reading on consumer confidence in July from the University of Michigan came in at 93.1, worse than expected and down 3 points from last month. Expectations were for the reading to come in at 94, better than the 93.3 preliminary reading. Show More Summary

Only one major currency has strengthened against the dollar in the last 4 years

The dollar has been on an absolute tear recently. And, in the last four years, it's appreciated by 25% on a trade-weighted basis (compared to the countries the US trades with). Almost every country in the world has contributed to that, except one: China. Show More Summary

EU opens in-depth inquiry into Fedex's planned takeover of TNT

BRUSSELS (Reuters) - The European Commission said on Friday that it had opened an in-depth investigation into Fedex's proposed 4.4 billion euro ($4.9 billion) takeover of Dutch rival TNT Express. The Commission, which oversees EU mergers...Show More Summary

New vaccine could be the 'beginning of the end' for Ebola

Paris (AFP) — An Ebola vaccine provided 100% protection in a field trial in hard-hit Guinea, researchers and officials said Friday, mooting "the beginning of the end" of the killer West African outbreak. The world is "on the verge of...Show More Summary

We asked the guy behind @GSElevator about deviance, debauchery, and what he'll tell his kids about banking

Editor's note: We sent John LeFevre, aka @GSElevator, a list of questions about his new book, "Straight to Hell: True Tales of Deviance, Debauchery, And Billion-Dollar Deals." Here are his answers. Business Insider: Some critics of your book, which is now a New York Times bestseller, have said that it's just a bunch of Wall Street clichés. Show More Summary

Midwest economic activity is heating up, but there's one big problem

The Chicago PMI, an indicator of economic activity in the midwest, was much stronger than expected. In July, the headline index jumped to 54.7 from 49.4 in June. Economists were looking for a reading of 50.8. "The recent weakness inShow More Summary

UPS to buy Coyote Logistics for $1.8 billion from Warburg Pincus

(Reuters) - United Parcel Service Inc, the world's largest courier company, said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services. Coyote Logistics, which reported...Show More Summary

China is looking to this type of energy to power its future

The disaster at Japan’s Fukushima Daiichi nuclear power plant in 2011 has prompted world leaders to slow or even suspend reliance on that source of energy. That’s left an open field for China to become one of the world’s top producers of nuclear power. Show More Summary

China’s stock market is a high-stakes game of ‘chicken’ and most investors are stuck in the middle

Watching the high-stakes melodrama that has unfolded in the Chinese stock market over the past month is a bit like watching a giant game of chicken. On one side there are the individual investors, who are in the midst of what may beShow More Summary

There's still a big opportunity in coal

For all the talk about oil, natural gas, and renewable energy, one energy commodity gets very little press: coal. Yet coal is still one of the major sources of power around the world, and in the fastest growing area of the world, it is the dominant source of energy. Show More Summary

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