- Business Insider•18 hours ago
10 things you need to know this morning in Australia
1. The chairman of the ABC tried to get former managing director Michelle Guthrie to sack the national broadcaster’s chief economics correspondent Emma Alberici in an attempt to assuage the federal government. Fairfax reports board chair Justin Milne emailed Guthrie in May saying: “We are tarred with
- Business Insider•19 hours ago
The commodities set to boom or bust in the years ahead, in one chart
Macquarie Bank has updated its list of where individual commodities sit in their price cycle. Cobalt, lithium, manganese ore and thermal coal are expected to struggle over the next year. From Macquarie Bank, it shows where individual commodities currently sit in their price cycle -- at least in Macquarie
- Business Insider•21 hours ago
These are the 10 richest people in India
CEOWORLD Magazine recently published its "India Rich List for 2018," which ranks the wealthiest individuals in the world's fastest-growing economy. The majority of top 10 are self-made billionaires who built empires in software services, pharmaceuticals, and finance. A few of them inherited
- Business Insider•22 hours ago
Stocks close mixed on fresh trade fears
Stocks were mixed Tuesday after President Donald Trump doubled down on protectionist rhetoric in an address before the United Nations General Assembly, saying Americans will no longer "tolerate abuse" on trade. The dollar retreated as the Federal Reserve kicked off its two-day policy meeting
- Business Insider•22 hours ago
Nike tanks after earnings as gross margins miss expectations
Nike's fiscal first-quarter earnings and revenue topped analysts' expectations as the company's efforts to sell more products directly to consumers paid off. But gross margin, which reflects the share of revenues Nike keeps after factoring in the cost of sales, missed expectations, sending
- Business Insider•yesterday
Here’s what’s been happening on Wall Street overnight
Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. The stock market has made an awful lot of history over the past couple years.
- Business Insider•yesterday
A crazy final week of September has already seen mergers worth $60 billion
September has seen a flurry of activity in mergers and acquisitions with four major deals announced over the past week. Comcast won a bidding war for Sky, miner Randgold Resources was bought by Barrick Gold, Michael Kors picked up Versace, and Pandora was purchased by Sirius XM. The combined deals
- Business Insider•2 days ago
Chart of the day: Commodities in 2018
2018 has clearly not been kind to all commodities so far. While some have carried on the form from 2017, others, such as base, bulks and softs (with the exception of Cocoa), have largely weakened, partially in response to trade tensions between the United States and its major trading partners, renewed
- Business Insider•2 days ago
BANK OF AMERICA: The most important segment of the US housing market has peaked
The top is in for existing-home sales, which make up 90% of transactions in the US, according to economists at Bank of America Merrill Lynch. They cite worsening affordability, higher mortgage rates, and price cuts as reasons sales are unlikely to bounce back after peaking in November. They no longer
- Motley Fool•3 days ago
Top brokers name 3 ASX shares to buy next week
BHP Billiton Limited (ASX:BHP) shares are one of three that brokers think you should be buying next week. Here's why...
- Business Insider•5 days ago
New York City homeowners are cutting prices in a way not seen since the financial crisis
The number of New York City home sellers who cut their asking prices spiked to its highest level since 2009 during the week after Labour Day, according to StreetEasy. The real-estate website also saw its biggest wave of new listings around the same period, as sellers tried to attract New Yorkers who
- ABN Newswire•5 days ago
Axiom Mining Limited (ASX:AVQ) Mining Lease Granted for the Isabel Nickel Project (San Jorge)
Brisbane, Australia, Sep 21, 2018 - (ABN Newswire) - Axiom Mining Limited (ASX:AVQ.AX - News) ('Axiom' or 'the Company') is pleased to announce that the Minister for Mines on behalf of the Solomon Islands Government has formally granted Axiom's subsidiary, Axiom KB Limited, the Mining
- Business Insider•6 days ago
6 things Australian traders will be talking about this morning
Good morning and happy Friday.
- Business Insider•6 days ago
Trump accuses 'OPEC monopoly' of pushing oil prices higher and says 'they must get oil prices down now!'
Trump seemed to threaten the withdrawal of US military resources from the Middle East if OPEC members in the region didn't work to lower prices. He has consistently complained that oil prices are too high. The price of oil dropped following the tweet.
- Business Insider•7 days ago
A $US736 billion investor that survived the stock-market crash of a lifetime has 3 simple pieces of advice for anyone who's just starting out
The collapse of Lehman Brothers in September 2008 tolled the bell for the global financial system as we knew it. Martin Gilbert, the co-CEO of Standard Life Aberdeen, a $US736 billion asset manager and the largest active manager in the UK, helped his firm survive the crisis by spotting the red flags
- Motley Fool•7 days ago
Why markets aren’t worried about the escalating trade war – should you be?
Our market is poised to rise this morning even as China and the US head towards an all-out trade war with the Asian nation slapping extra tariffs on US$60 billion worth of US imports.
- ABN Newswire•7 days ago
Intermin Resources Limited (ASX:IRC) Mineral Resources Grow 30% to Over 560,000 Ounces
Perth, Australia, Sep 19, 2018 - (ABN Newswire) - Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to announce an updated Mineral Resource Estimate for ...
- Business Insider•8 days ago
Iron ore hits a 6-month high
Speculation that Chinese policymakers may look to stimulate the domestic economy given an escalation in trade tensions with the United States, along with data revealing Chinese iron ore output fell to the lowest level since early 2010 last month, may have contributed to the move. Chinese iron ore and
- Business Insider•8 days ago
Soybeans plunge to near their lowest level in a decade
Soybean prices fell more than 1% on Tuesday amid a quickly advancing US harvest and an escalation in trade tensions with China. Soybean prices fell to a decade-low on Tuesday after data pointed to a quickly advancing US harvest and as the Trump administration escalated trade tensions with the China,
- Business Insider•8 days ago
China says it will be forced to retaliate to Trump's tariffs as trade war tensions heat up
Asian markets initially went risk-off this morning in response to President Trump’s latest tariff announcement. However, just after 5pm AEST Reuters reported that Chinese officials said they will be forced to retaliate and are now preparing for a worst-case trade scenario. Asian markets began the day
- Motley Fool•9 days ago
JP Morgan is warning that the next financial crisis is nearer than you think
We’ve only just commemorated the 10th anniversary of the GFC but we may not need to wait long for the next financial crisis to hit. Here's what to watch out for.
- ACN Newswire•12 days ago
INGREDION INCORPORATED DECLARES QUARTERLY DIVIDEND OF $0.625 PER SHARE
Today, the Board of Directors of Ingredion Incorporated (NYSE:INGR - News) declared a quarterly dividend of $0.625 per share on the company's common stock. The dividend is payable on October 25, 2018, to stockholders of record at the close of business on October 1, 2018. This is the fourth consecutive
- Business Insider•13 days ago
After a major shakeup, here's the new top leadership at Goldman Sachs — and it signals the rise of bankers over traders
Goldman Sachs announced a big shakeup on Thursday as incoming CEO David Solomon cements his new leadership team before taking over for Lloyd Blankfein in October. The changes represent the rise of investment bankers over traders, who dominated the top ranks under Blankfein and have jockeyed back and
- Business Insider•14 days ago
6 things Australian traders will be talking about this morning
Good morning.
- Business Insider•14 days ago
Tobacco stocks are surging after the FDA threatens to pull flavored e-cigarettes
Tobacco stocks are surging after the Food and Drug Administration threatened the industry to combat the widespread flavored electronic cigarette use among young people. The FDA found top-selling brands were popular among minors. The FDA set a 60-day deadline for five major tobacco manufacturers to
