Bank of America is using the news in a unique way to uncover what’s driving the stock market

Bank of America is using the news in a unique way to uncover what’s...

Jack Taylor/Getty Images A team at Bank of America Merrill Lynch has been examining the stock market's recent wild swings using a "news-based approach." It looked at daily market wrap reports from Bloomberg News, and found there's been no singular event driving the recent volatility, but rather five main drivers. "In light of ongoing volatility,…
Legendary billionaire Ray Dalio told a crowd at Davos that the next economic meltdown scares him more than anything — here’s what he said, and why he’s so worried

Legendary billionaire Ray Dalio told a crowd at Davos that the next economic meltdown...

At this point it's been all but accepted that an economic recession will strike at some point before the end of 2020. And Ray Dalio is among those resigned to this fate. The founder and cochief investment officer of Bridgewater Associates — the world's largest hedge fund — said as much during a panel this…
Why headline US inflation could be about to plunge, in one chart

Why headline US inflation could be about to plunge, in one chart

If the chart below from Westpac Bank is anything to go by, headline inflation in the US could be about to fall off a cliff. It shows US West Texas Intermediate (WTI) crude prices overlaid against US PCE inflation going back to the start of the decade. Both are expressed in six-month annualised percentage terms,…
Ariana Grande’s new music video received so many views in the first hour that it broke YouTube comments

Ariana Grande’s new music video received so many views in the first hour that...

Ariana Grande's "thank u, next" music video has broken the internet, slightly. Released on Friday, the music video — which features scenes reenacted from classic films "Mean Girls," "Legally Blonde," "Suddenly 30," and "Bring It On" — received 1 million views on YouTube in its first 35 minutes of being released. According to Pop Crave,…
Donald Trump attacks Theresa May’s Brexit deal as a ‘great deal for the EU’

Donald Trump attacks Theresa May’s Brexit deal as a ‘great deal for the EU’

Donald Trump has criticised Theresa May's Brexit deal as a "great deal for the EU" that may make it difficult for the UK to trade with the US, the latest blow to the embattled British Prime Minister's attempts to guide Britain out of the European Union. On Monday, the American president said that May's proposal,…
GE Healthcare just filed a confidential IPO, kickstarting a spinoff that would create one the world’s biggest pharma giants

GE Healthcare just filed a confidential IPO, kickstarting a spinoff that would create one...

General Electric has filed confidentially for an initial public offering of its health unit in a spin-off that would create one of the world's largest pharma giants. That's according to Bloomberg, which, citing people familiar with the matter, said GE was likely to publicly file in the spring. Bloomberg calculates that the newly spun-off health…
‘Maybe he did and maybe he didn’t’: Trump defiantly stands with Saudi Arabia and Crown Prince Mohammed before release of CIA report on Jamal Khashoggi’s killing

‘Maybe he did and maybe he didn’t’: Trump defiantly stands with Saudi Arabia and...

President Donald Trump on Tuesday released a lengthy defense of Saudi Arabia over the killing of the Saudi journalist Jamal Khashoggi. In doing so, Trump signaled he does not intend to demand significant changes to the US-Saudi relationship despite bipartisan calls in Congress for America to reevaluate the partnership in the wake of the brutal…
Amazon is building an air hub in Texas — and that means more bad news for FedEx and UPS, Morgan Stanley says (AMZN)

Amazon is building an air hub in Texas — and that means more bad...

Ted S. Warren / AP Images Amazon is building an air hub at Fort Worth Alliance Airport in Texas.  The air hub is expected to be fully operational next year, and will operate on the side of the airport also used by FedEx. "AMZN's threat to UPS/FDX is growing and this is also a way…
Nissan fixed the biggest problem with the Leaf EV, and now it’s ready to take on Chevy and Tesla

Nissan fixed the biggest problem with the Leaf EV, and now it’s ready to...

Nissan introduced the new Leaf e+ electric vehicle at the 2019 Consumer Electronics Show, or CES, in Las Vegas. The new Leaf e+ is an update of the second-generation Leaf that debuted in 2017 and remedies the EV's biggest flaw: its lack of range. In Business Insider's 2018 review of the Leaf, we noted: "The…
Softbank prices its $23.5 billion IPO — one of the biggest of all time

Softbank prices its $23.5 billion IPO — one of the biggest of all time

Reuters / Kim Kyung Hoon SoftBank priced its initial public offering Monday. The conglomerate is set to raise as much as 2.65 trillion Japanese yen ($23.5 billion) through the issuance of up to 1.76 billion shares at 1,500 yen ($13) apiece. That makes it the biggest-ever IPO in Japan and one of the largest of…

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