• There's a guy in Saudi Arabia who is the CEO of his own publicly traded city

    There's a guy in Saudi Arabia who is the CEO of his own publicly traded city
    Fahd Al-Rasheed jokes that he always used to lose at SimCity, the computer game where you design and manage your own town.
    He lost, he says, because he would run out of money.
    He no longer has the luxury of losing that way. Now Al-Rasheed's real life is a game of SimCity, and if he runs out of money in his town, he will have angry shareholders to answer to.
    Al-Rasheed is the CEO of a publicly traded "smart city" in Saudi Arabia. It's called King Abdullah Economic City, and if all
  • The Fed has come back to life (TLT, TLO, UST, USD, DXY)

    The Fed has come back to life (TLT, TLO, UST, USD, DXY)
    The Federal Reserve has come back to life.
    On Wednesday, it signaled to markets that the second interest rate hike of this economic cycle could come as early as June.
    And for the first time in a while, markets took the Fed very seriously. 
    It's not so much that markets believe the Fed's specific timing, but that they are suddenly taking its intentions much more seriously.
    Minutes of the the Federal Open Markets Committee (FOMC) meeting said Wednesday, 
    Most particip
  • We went to Macy's and saw why the brand is a disaster

    We went to Macy's and saw why the brand is a disaster
    Macy's has been falling apart.
    The once beloved department store has reported five straight quarters of plummeting sales. Sales most recently dipped 7.4%.
    In the past, Macy's — and others — have blamed myriad reasons for the department store's woes.
    The weather was too warm for fall and winter apparel.
    People aren't spending money on clothes anymore.
    Amazon is eating into the market share of the apparel industry.
    We went to Macy's to find out why the brand is floundering. What we fou
  • Wall Street is going long Russia

    Wall Street is going long Russia
    The Russian ruble's had a good couple of months.
    It's been one of the best performing currencies in the wake of the oil price rebound.
    Brent prices have soared by about 75% since mid-January, while the ruble has strengthened by about 20% against the dollar in the same time frame.
    And the FX team at Deutsche Bank thinks the ruble still has some room to go.
    "We recommend going long RUB vs. basket (0.55 USD + 0.45 EUR), as crude stabilization should continue to drive carry-seeking in
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  • This OPEC member is the next big wild card for oil

    This OPEC member is the next big wild card for oil
    Oil-production outages have been piling up.
    The two biggest headline-grabbing events have been the Canadian wildfires and the various attacks on energy infrastructure by the Niger Delta Avengers.
    But there have also been production shutouts in Colombia and Libya in recent weeks.
    And now, RBC Capital Markets commodity strategist Michael Tran argues that we may soon see the next key production outage in a country on the brink of a political and economic meltdown: Venezuela.
    "Le
  • FMCG Connect: Consumer Insight Manager

    FMCG Connect: Consumer Insight Manager
    £45,000 - £55,000 plus car and bonus:FMCG Connect:
    The Company An excellent FMCG food business with a growing product range in on-trend and burgeoning food categories. The Opportunity Reporting in t...
    Kettering, Northamptonshire
  • Gold might be about to defy 'conventional wisdom'

    Gold might be about to defy 'conventional wisdom'
    Gold is off to a blistering start in 2016.
    Through the first five and a half months of the year, the precious metal is up an astounding 18.5% near $1,260 per ounce.
    The strength in the precious metal has come amid increased demand from central banks and renewed demand from everyday people.
    But prices have pulled back in response to hawkish rhetoric from Fed officials and the release of the April FOMC minutes.
    On Tuesday, Atlanta Fed president Dennis Lockha

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