• Central bankers are doing something that hasn't happened in 5,000 years — and changing the world economy drastically

    Central bankers are doing something that hasn't happened in 5,000 years — and changing the world economy drastically
    Earlier this month, the Bank of England did something never before seen in its 322-year history. It cut its key interest rate to just 0.25%.
    A few years ago, this might have been remarkable. It means banks in the UK can borrow money from the central bank for next to nothing.
    But in 2016, a "historic low" for interest rates is a superlative repeated so often that it doesn't get much notice anymore.
    In fact, if the UK's central bank cuts its benchmark interest rate again — to 0% — it w
  • Here’s how the biggest social networking company in China compares to Facebook (FB)

    Here’s how the biggest social networking company in China compares to Facebook (FB)
    There’s a new king of tech in China.Earlier this week, it was reported that internet holding company Tencent had overtaken ecommerce behemoth Alibaba to become the most valuable tech company in China. Like any giant, Tencent has its fingers in many pies, but might be best known for running the social messaging apps WeChat and QQ, which are enormously popular in its home country.
    The following chart from Statista compares Tencent to Facebook, likely its closest equivalent in the US, an
  • Google is up 1,780% since its IPO exactly 12 years ago — these are the only 10 companies that have done better (amzn, goog, crm, isrg, alxn, nflx, aapl, regn, ilmn, pcln, mnst)

    Google is up 1,780% since its IPO exactly 12 years ago — these are the only 10 companies that have done better (amzn, goog, crm, isrg, alxn, nflx, aapl, regn, ilmn, pcln, mnst)
    Twelve years ago, on August 19, 2004, Google debuted on the Nasdaq as a public company at $85 per share.
    Since that time, Google has grown from a search engine into a tech behemoth, changed its corporate name to Alphabet, and seen its stock shoot up 1,780%.
    It's been a pretty impressive climb for Alphabet (née Google), but there are actually 10 companies that have beat out the company that has made its name a verb.
    There are of course some huge tech growth companies, but th
  • Crude oil is surging on a 'shaky foundation' and it won't end well (WTI, OIL, VDE, BNO)

    Crude oil is surging on a 'shaky foundation' and it won't end well (WTI, OIL, VDE, BNO)
    Earlier this week, crude oil prices jumped into a bull market.
    But this latest rally is based on "shaky foundations" and will revert soon, according to Thomas Pugh, commodities economist at Capital Economics. 
    We were here just a few months ago. 
    In April, oil producers in OPEC and non-OPEC nations met to try and reach a freeze agreement on output levels, which were too high. 
    Ahead of the meeting, chatter from Russian officials and others that suggested the meeting would end with
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  • Here's every state's July unemployment rate

    Here's every state's July unemployment rate
    The Bureau of Labor Statistics just released their monthly report on unemployment rates for the 50 states and DC in July.
    According to the report, seven states had statisically significantly higher unemployment rates in July than in June, three states had lower rates, and the other 40 states and DC were statistically unchanged.
    South Dakota had the lowest unemployment rate in the country at just 2.8%, while Alaska had the highest at 6.7%.
    The map shows each state's July unemployment rate. D
  • Asia has an export problem

    Asia has an export problem
    On paper, it looks like Asian exports might be picking up — but don’t believe it.There are some signs that the downturn that began nearly two years ago is finally ending. In June, regional export growth was positive for the first time since September, in local currency terms. And although the dollar value of Asian exports fell again, the year-over-year decline was the smallest since January last year.The chart below shows the uptick — two years of negative growth, and then, rec
  • Salesforce is suddenly hiring fewer people after spending nearly $4 billion buying companies this year (CRM)

    Salesforce is suddenly hiring fewer people after spending nearly $4 billion buying companies this year (CRM)
    Salesforce seems to be slowing down on hiring after spending nearly $4 billion on acquisitions this year.
    There are 30% fewer open jobs listed on Salesforce's website over the past 3 months, with most of the job reductions occurring since early July, according to a note published by market research firm Cowen & Co. on Friday.It also notes that there have been some "travel restrictions" within the company, citing anonymous sources.
    The last time Salesforce went throug
  • 'If you ever saw Wolves of Wall Street well that was sorta what some of us saw at Philidor'

    'If you ever saw Wolves of Wall Street well that was sorta what some of us saw at Philidor'
    Mutual fund T. Rowe Price has filed a lawsuit against Valeant Pharmaceuticals, alleging that the company's executives lied to it and other investors about its drug price gouging, general business practices, and financial health.
    One of the most brutal parts of the complaint looks at what Valeant may have been doing at its now defunct secret pharmacy, Philidor.
    It was the revelation of Philidor's existence, combined with government scrutiny over Valeant's drug pricing, that sent Valeant
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  • One of last year's biggest tech IPOs is getting smoked (PSTG)

    One of last year's biggest tech IPOs is getting smoked (PSTG)
    Pure Storage, one of the biggest tech initial public offerings last year, is getting smoked on Friday after getting downgraded a week ahead of its earnings.
    The flash storage provider's stock is now down over 16% as of Friday afternoon, trading at near lowest levels since going public in October 2015.
    That's brought the company's total market cap down to $2.43 billion, a big drop from the $3 billion valuation it drew in the private market pre-IPO, and the $2.9 billion market cap it debuted at.
    T
  • Oil rig count climbs for 8th straight week (WTI, OIL, VDE, BHI)

    Oil rig count climbs for 8th straight week (WTI, OIL, VDE, BHI)
    The US oil rig count rose by 10 to 406 this week, according to driller Baker Hughes. 
    That's the highest level since February 19, 2016.
    The gas rig count was unchanged at 83, and the total rig count gained 10 to 491.
    Last week, the oil rig count jumped by 15.
    Producers have been bringing rigs back online amid a recovery in oil prices.
    On Thursday, West Texas Intermediate crude reentered a bull market, having gained 22% since it bottomed below $40 per barrel early in August. 
    On Fr
  • Aspiring 'finance bros' may have a hard time getting a job at the world's biggest hedge fund

    Aspiring 'finance bros' may have a hard time getting a job at the world's biggest hedge fund
    Anyone living in New York City is familiar with the stereotypical "finance bro" — the young guy with a job on Wall Street who acts like he never left his frat house.
    According to former entry-level employees who spoke to Business Insider, you won't find many of these people at Bridgewater Associates, the world's largest hedge fund.
    If we're talking about personality stereotypes, said one source, then you're more likely to find an entry-level employee who's "nerdy" and introverted.
    And ther
  • Here comes the Baker Hughes rig count ... (WTI, OIL, VDE, BHI)

    Here comes the Baker Hughes rig count ... (WTI, OIL, VDE, BHI)
    Baker Hughes will publish its weekly count of US oil and gas rigs just after 1 p.m. ET. 
    The tally has climbed for seven straight weeks. The oil rig count last week jumped by 15 to 396, the highest level since February 26.
    Producers have been bringing rigs back online amid a recovery in oil prices.
    On Thursday, West Texas Intermediate crude reentered a bull market, having gained 22% since it bottomed below $40 per barrel early in August. 
    On Friday, WTI futures were little changed ahea
  • Here's the meltdown Bill Ackman had when he found out what was going on at Valeant

    Here's the meltdown Bill Ackman had when he found out what was going on at Valeant
    You think you know a guy.
    Billionaire investor Bill Ackman, founder of Pershing Square Capital Management, had been working with Michael Pearson, the former CEO of Valeant Pharmaceuticals, for over a year when it was revealed that the company was funneling drugs through a shady secret pharmacy called Philidor.
    And according to court documents filed by mutual fund T. Rowe Price, an investor in Valeant now suing the company, when Ackman started to understand what was going on, he sent a succession
  • The biggest box-office hit the year you were born

    The biggest box-office hit the year you were born
    Moviegoing has been one of America's favorite ways to kill time for about a century now, and box-office earnings have been a reliable predictor of what we love and, sometimes, continue to love.
    Using lists of the highest-grossing films by year from IMDb, Box Office Mojo, and The Numbers, Business Insider has compiled a chronology of the biggest box-office hits every year since 1930*.
    We adjusted global box-office receipts for inflation through 2016 using the Bureau of Labor S
  • GOLDMAN: Hedge funds are betting billions that these 19 stocks are going to get demolished

    GOLDMAN: Hedge funds are betting billions that these 19 stocks are going to get demolished
    Hedge funds love making waves.
    One of the easiest ways to make waves is to announce a huge bet against a giant company.
    In Goldman Sachs' quarterly Hedge Fund Trend Monitor, the analysts round up the biggest splashes the hedge fund industry is making right now.
    The "Very Important Short List" compiles the largest aggregate short positions of the 841 hedge funds that Goldman tracks. Essentially, these are the companies that hedge funds think will see a stock drop-off.
    GE once again stops the
  • 7 companies that are in serious danger of being upended by the competition

    7 companies that are in serious danger of being upended by the competition
    Disrupting a whole business sector is the goal of many startups. Uber, Amazon, and Tesla all disrupted their sectors, and a lot of media attention has been spent analyzing them.
    The companies on this list are those on the other side of the table — in danger of being disrupted by a startup, or savvy competitor, as well as being expensive relative to the market.An analysis by Credit Suisse looked at disruption-prone companies "to be cautious on." To determine which businesses 
  • Banana Republic is destroying Gap

    Banana Republic is destroying Gap
    Gap Inc. is falling apart — and Banana Republic is its weakest link.
    In the second quarter, the parent company of Gap, Old Navy, and Banana Republic saw sales slip 2%, the company announced on Thursday.
    Out of its three core brands, Banana Republic saw sales plummet the most dramatically: -9%, versus -4% in the same quarter last year.
    Gap fell -3% and Old Navy was flat.
    "While Gap has troubles, Banana Republic is even more problematic," Neil Saunders, CEO of consulting firm Conlumino,
  • The hedge fund industry is trying to get rid of its biggest problem

    The hedge fund industry is trying to get rid of its biggest problem
    The hedge fund industry has a crowding problem.
    There are, it seems, too many hedge funds making too many of the same bets.
    As a result, hedge fund performance has lagged relative to broad stock indexes.
    But according to Goldman Sachs' latest hedge fund trend report, funds spent the second quarter of the year trying to undo at least some of this crowding that, it seems, has led to stagnant industry-wide returns.
    "Although hedge funds maintained their sector and factor tilts coming into 3Q, the e
  • PRESENTING: The 9 stocks that matter most to hedge funds

    PRESENTING: The 9 stocks that matter most to hedge funds
    Presenting: the hedge fund darlings of 2016.
    Goldman Sachs recently published its ltest Very Important Position (VIP) list of stocks that appear the most among the funds' largest 10 holdings. 
    One disclaimer: the list was compiled based on recent 13-F filings hedge funds made. These stocks were held as of the end of the second quarter, and the funds could have since changed their positions.
    Goldman ranked the stocks based on the number of funds that had it as a top-
  • The tide may be turning for the hedge fund industry

    The tide may be turning for the hedge fund industry
    The hedge fund industry has had a tough run. 
    The average hedge fund has returned around 3% so far this year, according to Goldman Sachs, while the S&P 500 is up around 7%.
    The hedge funds themselves have had a plethora of excuses for this poor performance, ranging from the size of the industry to its lack of diversity.
    One of the recurring complaints is that they are all investing in the same things, which is otherwise known as crowding. 
    Crowding hasn't always been a pr
  • The stakes for iPhone 7 have never been higher (aapl)

    The stakes for iPhone 7 have never been higher (aapl)
    Apple is expected to announce the iPhone 7 on September 7 — and the stakes have never been higher.
    After years of staggering growth, the Cupertino company's smartphone business is in decline, ramping up the pressure on Apple to make sure the new iPhone delivers.
    And from what we've heard of the new handset from rumors, that's by no means guaranteed.
    According to data from research firm IDC, sales of the iPhone dropped by 7.7% in the second quarter of the 2016 calendar year c
  • Vancouver's crazy housing market is melting down

    Vancouver's crazy housing market is melting down
    Vancouver's frothy housing market appears to be melting down. 
    Home sales in August are down sharply compared to a year ago, reports Jill Slattery at Global News.
    Slattery cites data from MLS listings, which show that sales in West Vancouver fell 94% year-on-year from August 1 to 14. Three homes were sold in the area, versus 52 in the same period last year.
    Meanwhile, the latest numbers from the Canadian Real Estate Association (CREA) show that national home sales fell for a third stra
  • Healthcare companies may be tricking people into Obamacare (AET)

    Healthcare companies may be tricking people into Obamacare (AET)
    Unnamed healthcare providers may be steering patients towards Obamacare instead of Medicare and Medicaid, according to a release from the Centers for Medicare and Medicaid Services (CMS).
    CMS, the government organization in charge of Medicare and Medicaid, solicited public comment on Thursday for instances in which healthcare providers, such as doctors and treatment centers, misled people towards policies on the public exchanges set up by the Affordable Care Act.
    "The request
  • How Addison Lee is using personalisation to drive expansion and take on Uber

    How Addison Lee is using personalisation to drive expansion and take on Uber
    Through a combination of data analysis, optimisation and word-of-mouth marketing, private hire taxi firm Addison Lee is on track to take the business beyond its London heartland.
    Following the £30m acquisition of executive car service Tristar International in June, the company is eyeing expansion across the US, Asia and Europe, with a particular focus on the US and the UK. The business has a stable base for success. For the year ending 31 August 2015, Addison Lee’s turnover reac
  • How Addison Lee is using personaliation to drive expansion and take on Uber

    How Addison Lee is using personaliation to drive expansion and take on Uber
    Through a combination of data analysis, optimisation and word-of-mouth marketing, private hire taxi firm Addison Lee is on track to take the business beyond its London heartland.
    Following the £30m acquisition of executive car service Tristar International in June, the company is eyeing expansion across the US, Asia and Europe, with a particular focus on the US and the UK. The business has a stable base for success. For the year ending 31 August 2015, Addison Lee’s turnover reac
  • Is the ‘impression’ a dying digital ad currency?

    Is the ‘impression’ a dying digital ad currency?
    Digital advertisers needed a currency and it just happens the impression was the perfect fit.
    The Internet Advertising Bureau’s (IAB) Viewable Impressions guidelines state that 50% of the pixels in a banner must be visible for one second to qualify as an impression. And ad agencies are generally eager to inform clients on the volume of clicks their banner ads have received. However, the IAB also knows how skewed this logic can be having previously admitted that a third of all digital ads a
  • We're heading for a tech IPO liftoff, and there's one simple reason why

    We're heading for a tech IPO liftoff, and there's one simple reason why
    2016 has been a particularly slow year for initial public offerings, especially in the technology sector.
    The first quarter was the worst for IPOs since the depths of the financial crisis. And while things have picked up since then, the deals have all been smaller ones, barely breaking the $1 billion mark.
    In tech, for example, the largest IPO of the year — that of the messaging app Line — raised $1.14 billion in July, though much of that came from investors in Tokyo.
    But there's an
  • The dollar is climbing

    The dollar is climbing
    The dollar is climbing.
    The US dollar index is up by 0.3% at 94.42 as of 6:33 a.m. ET.
    Notably, on Thursday, Nautilus Investment Research's Tom Leveroni and Shourui Tian argued that the dollar is "poised to signal a major long-term trend change this week." 
    Leveroni and Tian note that in 12 of the 14 times the US Dollar Index crossed below its two-year (100-week) moving average, the index fell three months later.
    The index crossed below its 100-week moving average on Tue
  • 10 things you need to know today (spy, spx, qqq, dia, db, scty, gps)

    10 things you need to know today (spy, spx, qqq, dia, db, scty, gps)
    Here is what you need to know.
    Crude oil is back in a bull market. West Texas Intermediate crude oil holds little changed near $48.25 a barrel. The energy component hit a six-week high Thursday and reentered bull-market territory as it has rallied 22% since its August 2 low.
    The dollar is about to see a 'major long-term trend change.' Nautilus Investment Research's Tom Leveroni and Shourui Tian suggest that, with the US dollar index having fallen below the 100-day moving average, a "major long-t
  • 10 things you need to know before the opening bell (spy, spx, qqq, dia, db, scty, gps)

    10 things you need to know before the opening bell (spy, spx, qqq, dia, db, scty, gps)
    Here is what you need to know.
    Crude oil is back in a bull market. West Texas Intermediate crude oil holds little changed near $48.25 a barrel. The energy component hit a six-week high Thursday and reentered bull-market territory as it has rallied 22% since its August 2 low.
    The dollar is about to see a 'major long-term trend change.' Nautilus Investment Research's Tom Leveroni and Shourui Tian suggest that, with the US dollar index having fallen below the 100-day moving average, a "major long-t
  • Secret Marketer: Clutter is messy but being untidy leads to some of the best ideas

    Secret Marketer: Clutter is messy but being untidy leads to some of the best ideas
    I’m feeling the pressure to change my ways and conform to the new frenzy of decluttering and simplifying my stuff. It started when my wife read ‘The Life-Changing Magic of Tidying Up’ by Marie Kondo, but its insidious influence has been felt in the workplace. Our CEO is organised and neat – two adjectives never associated with me.
    I have started optimising. I have read productivity books, made spreadsheets to track my progress, cleared my desk each night, ensured I&r
  • Even fried chicken sales are down because of the oil crash (PLKI, HOG, CAKE)

    Even fried chicken sales are down because of the oil crash (PLKI, HOG, CAKE)
    Popeyes' chicken tenders and biscuits are also on the list of things oil workers are cutting spending on.
    During the second-quarter earnings season, several companies that aren't in the energy sector continued to mention declines in their businesses in oil-producing areas.
    Harley Davidson saw a jump in the number of people in oil-heavy regions who were defaulting on loan payments. Caesars Entertainment said a lot of weakness was in the southeastern US.
    And like The Cheesecake Factory, Popeyes de
  • A 'major long-term trend change' in the dollar

    A 'major long-term trend change' in the dollar
    One of the biggest stories over the past few years has been the strong dollar.
    But that may be about to change, according to the latest technical analysis from Nautilus Investment Research's Tom Leveroni and Shourui Tian.
    "The US Dollar Index is poised to signal a major long-term trend change this week," they wrote in a note to clients.
    Leveroni and Tian note that in 12 of the 14 times the US Dollar Index crossed below its two-year (100-week) moving average, the index fell three months later.
    No
  • Hedge funds have started bashing themselves — here's what they're saying

    Hedge funds have started bashing themselves — here's what they're saying
    It's no secret that hedge fund performance is lagging.
    Hedge funds on average are up about 1.9% through July this year and were down 0.6% last year, according to the data tracker eVestment.
    Some big-name funds have even started to cut jobs as investors balk at paying high fees for lackluster performance.
    That has led to much soul-searching. Why are hedge funds doing so poorly?
    Here are some of the funds' most cited excuses for underperformance:SEE ALSO: This is the biggest trend in the hed
  • Oh look, another nasty problem for Valeant (VRX)

    Oh look, another nasty problem for Valeant (VRX)
    T. Rowe Price is suing Valeant Pharmaceuticals, alleging fraud, according to The Wall Street Journal.
    The mutual fund is an investor in the company.
    In the suit, it accuses Valeant of running a "fraudulent scheme" through its now defunct pharmacy, Philidor.
    The fund says in the suit that Valeant's secret network of pharmacies used deceptive practices to sell drugs, then hid the source of these ill-gotten gains with accounting.
    All of this, T. Rowe claims, was done in an effort to preserve Valean
  • 'The weather' is a good excuse only when it's not an excuse

    'The weather' is a good excuse only when it's not an excuse
    CEOs, investors, and economists love to blame the weather.
    Here's a short sample of excuses from the past several quarters alone:
    Bank of America Merrill Lynch said the warmer-than-average October last year probably negatively affected the month's retail sales. (October 2015)
    Macy's CFO attributed weak interest in the company's fall apparel to warm weather. (November 2015)
    Dick's Sporting Goods CEO said slowing sales could be attributed to "funky weather." (November 2015)
    High Street retailer NE
  • Union Jackson: Head of Creative Delivery - Large Charity

    Union Jackson: Head of Creative Delivery - Large Charity
    circa £48K:Union Jackson:
      Large, leading, International Charity are looking for a Head of Creative to join them ASAP for a 9 month maternity cover contract.  Based in the ...
    London (Central), London (Greater)
  • Ultimate Asset: Sales Manager - **Relocate to Amsterdam**

    Ultimate Asset: Sales Manager - **Relocate to Amsterdam**
    £36080 - £39688 per annum + Commission:Ultimate Asset:
    Are you sick and tired of hot and sticky tubes? Have you been sitting indoors looking out the window at yet another dull and drizzly British afternoon thinking 'what am I doing here'? Well, here's your chance to change all of that. In no time you could be
    London
  • Stopgap: Experiential Account Manager

    Stopgap: Experiential Account Manager
    £28000 - £32000 per annum:Stopgap:
    An Experiential Account Manager is needed at this buzzy creative agency based in North London!
    London
  • Salt: Senior Account Manager - BMW

    Salt: Senior Account Manager - BMW
    £40000.00 - £45000.00 per annum:Salt:
    The Senior Account Manager will be joining an experienced and expanding team, taking on a client facing role, working with on 100% digital creative and advertising projects.
    Hampshire
  • Robert Half Recruitment: Junior Designer

    Robert Half Recruitment: Junior Designer
    £25000 - £31000 per annum:Robert Half Recruitment:
    World's top ad agency is looking for a person with enthusiasm by the bucket load. The position will be what they make it and they will be lots of opportunity to develop new skills.
    London, City of London
  • Robert Half Recruitment: Head Of Design

    Robert Half Recruitment: Head Of Design
    £50000 - £55000 per annum:Robert Half Recruitment:
    Do you have an eye for design and ear for music?Are you a Creative Lead? If yes then I might have the perfect job for you.
    London, City of London
  • Keepmoat: Digital Marketing Manager

    Competitive:Keepmoat:
    Keepmoat is a fast growing top 10 UK housing and construction company.
    Doncaster, South Yorkshire
  • Elizabeth Norman International: Senior Consultant | Econometrics | London

    Elizabeth Norman International: Senior Consultant | Econometrics | London
    £45000 - £50000 per annum + Benefits:Elizabeth Norman International:
    Are you interested in fast tracking your career, and learn Digital Attribution Modelling?
    London, City of London
  • Creative Recruitment: Recruitment Consultant #Digital and #Creative

    Creative Recruitment: Recruitment Consultant #Digital and #Creative
    £20000 - £35000 per annum + Negotiable:Creative Recruitment:
    Digital and Creative Recruitment Consultant / Talent Developer needed for expanding team!
    East London, London
  • Brand Recruitment: Media Executive - 6 month rolling contract

    Brand Recruitment: Media Executive - 6 month rolling contract
    £30000 per annum:Brand Recruitment:
    Media Executive - 6 month rolling contract, Slough - A major global manufacturer that has a strong brand presence throughout the world and is a highly regarded global household name
    Buckinghamshire, Beaconsfield
  • Brand Recruitment: European Media Manager

    Brand Recruitment: European Media Manager
    £54000 per annum + benefits:Brand Recruitment:
    European Media Manager, Slough - A major multinational manufacturing organisation that has a strong brand presence throughout the world across a number of
    Berkshire, Reading
  • Bradford Theatres: Theatres Marketing & Press Officer

    £19,939 - £22,434:Bradford Theatres:
    This is an exciting opportunity to join a dynamic Marketing & Press team working on a wide variety of show campaigns.
    Based at Windsor Baths, Alhambra Theatre, Bradford City Centre
  • Better Placed Recruitment: Marketing Partnerships Channel Development

    Better Placed Recruitment: Marketing Partnerships Channel Development
    £45000 - £60000 per annum + benefits and discretionary bonus:Better Placed Recruitment:
    Marketing Partnerships Channel Development, working across all intermediary channels for fast-growing PE backed challenger bank.
    City of London, London
  • Better Placed Recruitment: Digital Project Manager: Manchester

    Better Placed Recruitment: Digital Project Manager: Manchester
    £25000 - £33000 per annum:Better Placed Recruitment:
    We're looking for a Digital Project Manager for an innovative, award winning agency in Manchester city centre!
    Manchester, Greater Manchester

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