Financial News from Business Insider

  • Spiders eat up to 800 million tons of prey each year, more than all humans weigh Business Insider - 8 minutes ago
    Spiders eat up to 800 million tons of prey each year, more than all humans weigh

    There are lots of spiders out there -- about 25 million tons, if you were to put them on a scale. By the calculations of Martin Nyffeler and Klaus Birkhofer, the biologists behind the new study, all these little carnivores kill and devour (certain species, like orb weavers, waste some of what they kill) between 400 and 800 million tons of prey each and every year. As Christopher Ingraham points out at the Washington Post, where we first spotted this study, that's more than the entire biomass of humanity.

  • Trump signals support for another run at repealing Obamacare Business Insider - 19 minutes ago
    Trump signals support for another run at repealing Obamacare

    "semi-bipartisan" group of Democratic and Republican senators and their spouses in the East Room of the White House Tuesday night, where he signalled support for another run at a new GOP health care bill. At the end of his speech, he singled out Sen. Chuck Schumer of New York, the Senate Minority Leader, who was also at the Tuesday night event: "We're going to have some very good relationships, right Chuck? Trump blamed Schumer and Nancy Pelosi on Friday after the GOP's Obamacare replacement, the American Health Care Act, was pulled before a House vote.

  • Malcolm Turnbull has praised technology for anticipating Cyclone Debbie, allowing Australians to prepare … Business Insider - 50 minutes ago
    Malcolm Turnbull has praised technology for anticipating Cyclone Debbie, allowing Australians to prepare …

    As the full impact of ex-Tropical Cyclone Debbie continues to be revealed today as clean up crews make their way through communities in far north Queensland, the Australian prime minister has praised technological innovations for early detection of the storm and the hard work of emergency and Defence services, which potentially protected Australians from further devastation. This is one of the great advantages of all of the technology that you see around us, is to be able to anticipate these events," Malcolm Turnbull said speaking from the Crisis Coordination Centre in Canberra. "So there are well over a thousand emergency personnel and Defence personnel literally ready to go in today.

  • SpaceX is about to try something 'potentially revolutionary' in the history of space travel Business Insider - 1 hour 10 minutes ago
    SpaceX is about to try something 'potentially revolutionary' in the history of space travel

    SpaceX will try to re-launch and re-land a used Falcon 9 rocket booster for the first time. A telecommunications company called SES plans to use the rocket to launch a satellite. On March 30, pending agreeable weather, Elon Musk's rocket company will try to make good on its promise to slash the immense cost of launching stuff into space.

  • Maxine Waters responds to Bill O'Reilly's 'wig' insult: 'I cannot be intimidated … Business Insider - 1 hour 12 minutes ago
    Maxine Waters responds to Bill O'Reilly's 'wig' insult: 'I cannot be intimidated …

    Rep. Maxine Waters of California responded to Bill O'Reilly's disparaging remarks on Tuesday, saying that she was unintimidated by both O'Reilly and the conservative media. "Let me just say this: I'm a strong black woman and I cannot be intimidated," said Waters on MSNBC's "All In With Chris Hayes" on Tuesday afternoon. "I'd like to say to women out there everywhere, don't allow these right-wing talking heads, these dishonorable people, to intimidate you or scare you," continued Waters.

  • Hillary Clinton delivers her sharpest words for the Trump administration since the election Business Insider - 1 hour 57 minutes ago
    Hillary Clinton delivers her sharpest words for the Trump administration since the election

    Hillary Clinton delivered verbal blows to President Donald Trump's administration and to the conservative media in front of a sold-out crowd of thousands of women on Tuesday. At the 2017 Professional BusinessWomen of California Conference in San Francisco, Clinton took the stage as the closing keynote speaker to raise awareness on the issues surrounding gender inequality. Clinton talked for nearly an hour on recent scandals in Silicon Valley and made mention of the multiple controversies roiling the White House.

  • These are the Australian stocks UBS expects to deliver the largest returns in the next year Business Insider - 2 hours 15 minutes ago
    These are the Australian stocks UBS expects to deliver the largest returns in the next year

    If you're an Australian stock investor looking to rejig your portfolio, particularly at a time when the ASX 200 is sitting at a near two-year high, UBS equity strategists David Cassidy and Dean Dusanic may have exactly what you're looking for. In a research note released on Tuesday, the pair outline which stocks in the ASX 100 they expect to outperform, and which ones to avoid over the next 12 months based on factors such as earnings delivery, valuation and the bank's macroeconomic views. Here's the stocks they expect to be market darlings ahead based on metrics such as price-to-earnings, price-to-book, dividend yields and earnings per share growth.

  • 7 ways you can smash public speaking, according to an Australian newsreading legend Business Insider - 2 hours 18 minutes ago
    7 ways you can smash public speaking, according to an Australian newsreading legend

    Public speaking is undeniably a skill that if mastered, can put you several steps ahead of the bunch. George Donikian says it doesn't have to be that way, and given he's spent a large part of his working career in front of hundreds of thousands of people hanging on his every word, he should know. The legendary former news reader for SBS World News, the Nine Network and Ten News is now offering high level executives media training with video company Media Services Australia.

  • Read the email a Google recruiter sent a job candidate to prepare him for the interview Business Insider - 2 hours 28 minutes ago
    Read the email a Google recruiter sent a job candidate to prepare him for the interview

    In August 2015, a friend of mine applied for a job as a product manager at Google. After the initial screening step, he received an email from the recruiter, telling him what to expect in a phone interview with a senior PM at Google. In my work at Recruitring, a candidate prescreening-call platform, I've never seen an email that makes it feel like the recruiter is working for the candidate rather than the company.

  • FITCH: More macroprudential tightening ahead on home loans Business Insider - 2 hours 41 minutes ago
    FITCH: More macroprudential tightening ahead on home loans

    The move this month by Australia's banks to increase mortgage rates for owner-occupiers should help cool growth in lending to more vulnerable borrowers, according to ratings agency Fitch. "The continuing pick-up in investor activity in the property market is likely to be the main target in the next round of macroprudential tightening," says Fitch.

  • Watch the trailer for Al Gore's new climate change documentary that takes aim at Trump Business Insider - 2 hours 45 minutes ago
    Watch the trailer for Al Gore's new climate change documentary that takes aim at Trump

    Former Vice President Al Gore is set to release his second documentary on climate change. The first one, "An Inconvenient Truth" was released in 2006, and the follow-up will be in theatres on July 28th, 2017 and takes aim at President Trump.

  • Here are all 44 movie sequels and reboots coming out in 2017 Business Insider - 3 hours ago
    Here are all 44 movie sequels and reboots coming out in 2017

    This year apparently hasn't learned a lesson from 2016.

  • IBM was a pioneer in the work-from-home revolution -- now it's cracking down Business Insider - 3 hours ago
    IBM was a pioneer in the work-from-home revolution -- now it's cracking down

    Some 2,600 people in IBM's marketing department, plus an unknown number of employees in IT, procurement, and Watson-related departments, learned in early February they would soon be required to work -- or "co-locate" -- in one of six US cities.

  • A baby was born in an ambulance station amid the chaos of Cyclone Debbie Business Insider - 3 hours ago
    A baby was born in an ambulance station amid the chaos of Cyclone Debbie

    Among the chaos and destruction of Cyclone Debbie, a baby girl was delivered at the Whitsunday Ambulance Station at Cannonvale, near Airlie Beach. With road closures and damage the paramedics couldn't take her to the hospital and were forced to deliver the baby in the station, said the Queensland Ambulance Service director of operations Dave Hartley.

  • Australian stocks are 'pricey' but they're not at a danger level yet Business Insider - 3 hours ago
    Australian stocks are 'pricey' but they're not at a danger level yet

    Australia's ASX 200 has jumped out of the gates this morning, continuing the bullish price action seen earlier this week. The technical traders are licking their lips, eyeing a run towards the 6,000 point level should the index manage to close above its previous range high of 5,833.2 set in mid-February. The timing of this recent investor exuberance was not lost on David de Garis, director of economics at the National Australia Bank.

  • MMJ PhytoTech shares rip higher on Canada's plans to legalise cannabis Business Insider - 3 hours ago
    MMJ PhytoTech shares rip higher on Canada's plans to legalise cannabis

    Shares in MMJ PhytoTech jumped after Canada confirmed plans to legalise recreational cannabis in 2018. On the ASX a short time ago, MMJ PhytoTech shares were up 17% to $0.810. MMJ PhytoTech is focused on becoming a large-scale cannabis producer, targeting direct supply to the Canadian medical and recreational markets.

  • Just one Australian restaurant has so far made the world's top 100 Business Insider - 3 hours ago
    Just one Australian restaurant has so far made the world's top 100

    A week out from the World’s 50 Best Restaurants 2017 awards in Melbourne next Wednesday, just one Australian restaurant has scraped into the 51-100 list, released overnight. Sydney's Quay, a top 50 restaurant for five years, appears at number 95, three places up on 2016. It's the ninth time chef Peter Gilmore's harbourside fine diner, named the nation's best several times in local food guides, has featured in the top 100.

  • A revolution that's underway in healthcare could have us thinking about X-Rays the same way we think … Business Insider - 3 hours ago
    A revolution that's underway in healthcare could have us thinking about X-Rays the same way we think …

    GE Healthcare CEO John Flannery told Business Insider that before long we might start to think about medical devices -- like MRIs or X-Ray machines -- the same way we think about our smartphones. GE Healthcare is probably best known for its hardware -- its imaging machines such as MRIs and ultrasounds -- but over the past few years the company has made a push toward digitization. For example, if an imaging device can monitor a person's tumour and determine the rate at which a tumour is growing, that information could possibly lead to better medical outcomes.

  • These undershirts solve one of the biggest problems guys have with them Business Insider - 3 hours ago
    These undershirts solve one of the biggest problems guys have with them

    Business Insider has affiliate partnerships so we get a share of the revenue from your purchase. Any guy who wears undershirts probably has a few qualms with them. After wearing Tommy John's undershirts, I can tell you that if you're frustrated with your current undershirts, it doesn't have to be that way.

  • Trump staff will skip the White House Correspondents' Association dinner out of 'solidarity' … Business Insider - 3 hours ago
    Trump staff will skip the White House Correspondents' Association dinner out of 'solidarity' …

    The White House notified the White House Correspondents' Association Tuesday that staff members will be skipping the annual White House Correspondents' Association (WHCA) Dinner, scheduled for April 29 out of "solidarity" with President Donald Trump, who previously announced he would be skip the event. The WHCA said in the statement that the Trump administration has an open invitation to the event.

  • The ASX is near a two-year high Business Insider - 3 hours ago
    The ASX is near a two-year high

    Australian shares are nearing a two-year high this morning. The ASX 200 went up past 5,850 points in early trade, a gain of more than 0.5%. NAB and Westpac are the banking sector standouts, both rising by more than 0.8% in early trade.

  • Fashion mogul Chris Burch built a five-star resort on a remote Indonesian island -- and it's officially … Business Insider - 4 hours ago
    Fashion mogul Chris Burch built a five-star resort on a remote Indonesian island -- and it's officially …

    C. Wonder and Tory Burch -- and investing in several others, Chris Burch is taking his entrepreneurial eye to a new industry: hospitality. Burch, together with hotelier James McBride, bought a beach hostel on the Indonesian island of Sumba in 2012. The duo spent $A39.21 million renovating the hostel, then reopened it as a five-star resort called Nihiwatu in 2015.

  • The CEO of startup Gusto is taking four employees on an 11-city trip ... in a Winnebago Business Insider - 4 hours ago
    The CEO of startup Gusto is taking four employees on an 11-city trip ... in a Winnebago

    Last fall, Josh Reeves, CEO of San Francisco-based HR software startup Gusto, conducted an experiment. It was revelatory, he told Business Insider. It made him realise he wanted to get to know his customers in an equally personal manner, like the old days, when Gusto was tiny and the soft-spoken, introspective Reeves was the guy doing customer support.

  • Foreign minister Julie Bishop is trying to keep China relations steady after Australia walked away from … Business Insider - 4 hours ago
    Foreign minister Julie Bishop is trying to keep China relations steady after Australia walked away from …

    Foreign minister Julie Bishop is in emergency talks with Beijing after the Australian government announced it would not proceed with the ratification of an extradition treaty with China. This week the Senate saw that it would stay that way. The decision has “disappointed” China, which had upheld its end of the deal for the transfer of prisoners since 2008.

  • Australians prefer flexible working conditions to pay rises Business Insider - 5 hours ago
    Australians prefer flexible working conditions to pay rises

    Australians, unlike most of their colleagues around the world, place a higher value on the flexibility of working conditions than on pay. Work/life balance has for some time been the number one driver for Australian employees on the lookout for career opportunities, according to the Global Talent Monitor survey from best practice insight and technology company, CEB. It’s so important that most would choose flexible working over pay when looking for a new employer.