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-
Here's what happens with your stuff after you die
Here's what happens with your stuff after you dieJoin the conversation about this story »NOW WATCH: Forget the gross factor: There are serious health reasons for why you shouldn't pick your nose -
It’s easy to see why Amazon and Pandora want to take on Spotify and Apple (AMZN, AAPL)
It looks like the streaming music world is about to get even more crowded: Recent reports say that both Pandora and Amazon are close to launching new streaming services built to compete with the likes of Spotify and Apple Music.Given that Pandora and Amazon already have music streaming platforms, that might sound weird. But as this chart from Statista shows, there’s good reason for them to change things up. According to data from the IFPI, the amount of annual revenue driven by music strea -
Fasten your seat belts — it's about to get wild in the market
It's been a quiet summer in the markets, but that may be about to change.
As we like to make note of in our daily Closing Bell post, the S&P 500 has been on a 34-day streak without moving 1% in either direction. The VIX, which measures the volatility of the stock market, has been declining since the Brexit vote in June and is in seriously depressed territory. Volume of trading in the market has been incredibly light.
Not for long, according to& Joe Amato, chief investment office for equi -
Hey, traders — here's how to tell whether your job is going to be made redundant
When you think Wall Street trading, what do you think of?
Shouty men in colorful jackets making weird hand signals? Or a box full of servers in New Jersey?
The former has been replaced with the latter over the past decade, and stock market trading in particular is now predominantly electronic.
Bank of America Merrill Lynch analysts, led by Andrew Stimpson, said in a recent note:
"Equity markets are already predominantly electronic, but there is still margin pressure as the mix of counterparties -
How Hollywood scored a near-record box office this summer
With Labor Day upon us, it’s time to shut the door on the 2016 summer movie season.
Though there were some major hits that helped the North American box office rake in $4.5 billion (according to comScore, via The Hollywood Reporter), it will be best remembered for the bombs that were scattered throughout the season.
That's the second-best earning for a summer movie season ever, just behind 2013’s $4.8 billion (and 1 percent over last year’s), but looking back, the summer had th -
Bridgewater just released a series of videos that looks like something Facebook or Google would produce
Bridgewater isn't holding back.
"This series of videos that we've prepared for you are to give you a window into what it's like to be here, to scare you away if you're not the right kind of person, to potentially attract you if these ideas — if this way of being — is attractive for you," Greg Jensen, Bridgewater Associates co-CIO and 21-year veteran of the firm, said in a new video on Bridgewater's website, relaunched last week.
The video series reveals a surprisingly extensive amoun -
September is the best month
It's time to put this argument to rest once and for all: September is the best month of the year.
First, let's run down the definitive ranking of months from best to worst:
September
October
November
December
May
June
January
July
August
April
February
March
As is clear in the ranking, autumn is the best season.
Not only does the weather in autumn provide a sampling of each of the year's best offerings — a little heat in September, morning frost in October, -
Mylan's generic version of the EpiPen is identical to the original — here's why it can do that (MYL)
When Mylan Pharmaceuticals said Thursday that it would be giving a $300 "savings card" discount to patients buying a two-pack of EpiPens — a prescription with a retail price of around $600 — it didn't do much to fend off ire from politicians and the public.
So on Monday, the specialty- and generic-drug maker made another $300 move — this time to make an "authorized generic" version of the EpiPen that will cost that amount. It plans to launch the product in "several weeks," depe -
Malls are still being crushed by the 'Amazon threat'
Amazon and its ecommerce brethren just keeps eating into the retail pie.
As we've repeatedly noted, ecommerce sales are eating into the market share of traditional brick-and-mortar retailers and according to a Deutsche Bank analysis of data from the US census Bureau that doesn't appear to be slowing down.
Mike Baker, a research analyst at Deutsche Bank, noted that the share of overall retail sales (excluding the volatile autos and gas) that is going to e-commerce continues to -
There are going to be fewer Wall Street stock analysts in the future, according to some Wall Street stock analysts
There are going to be fewer Wall Street stock analysts in the future, according to some Wall Street stock analysts.
That's right. Research analysts who do deep dives on the future of various industries and provide stock-specific calls to investors have taken a look at their own employers and decided that their profession is at risk.
The analysts in question are a group at Bank of America Merrill Lynch led by Andrew Stimpson. They published a big note on how technology is going to change investme -
San Diego's largest cash seizure ever may shed light on an overlooked aspect of the drug trade
On Tuesday, US border agents patrolling north of San Diego intercepted two vehicles carrying more than $3 million in cash, in what a top official called the largest money bust in the sector's history.
Two men, a 41-year-old Mexican citizen and a 53-year-old US citizen, were taken into custody after agents, who suspected their two vehicles to be traveling in tandem, stopped and searched the vehicles.
One car had vacuum-sealed bundles of $33,880 in cash in the center console, while the other had -
Business leaders in Texas say workers are getting too expensive
Business leaders in Texas say they are worried about rising wages.
The Dallas Federal Reserve's monthly manufacturing index out on Monday was reported at -6.2 for August.
Economists had estimated that the index of activity worsened to -3.9 from -1.3 in July, according to Bloomberg. It has not turned positive since December 2014, before a slowdown choked the manufacturing sector.
Some business leaders told the Dallas Fed in July that they struggled to find qualified workers, including entry-level -
How BuzzFeed, Vice, and Bill Simmons followed the same path to success
BuzzFeed is going all-in on video.
Vice is openly talking about being a $50 billion company.
Bill Simmons has a new show on HBO.
These seemingly disparate media brands have a few things in common. They are primarily digital entities. They have enormous scale and an attractive audience.
But how we came to use each of these brands — and make no mistake, "Bill Simmons" is a brand, not just a name — as shorthand for media success in 2016 is really just about one thing: They were eac -
Gold is doing something it's only done twice in the past decade (GLD, GLX)
Gold may be worth more than what traders have decided is the spot price.
There's a correlation between gold price changes and the rate at which central banks bought assets to expand their balance sheets, according to Deutsche Bank's Michael Hsueh and Grant Sporre.
And the pace of balance-sheet expansion — by 300% since 2005, according to the analysts — indicates that gold could be worth more.
They wrote in a note on Friday:
"Let us be clear; we are not saying that gold will trade up -
There's great news for some of the poorest workers in America
Wages are rising at their fastest pace since the financial crisis, and it appears that the long-pent-up wage pressure may finally be leading to larger paychecks.
Most of the good news on wage gains, however, are coming for just the people who make the least, according to a note entitled "Joe six-pack gets a raise" from Emanuella Enenajor and Lisa Berlin, economists at Bank of America Merrill Lynch.
"The data confirm a trend of rising wage pressure in low-pay sectors with limited pressure elsewhe -
Consumer spending rises in line with expectations in July
Personal income rose 0.4% in July, while personal spending climbed 0.3%, in line with forecasts.
Spending rose as consumers bought more new cars, the Commerce Department's report showed on Monday. This uptick offset a drop in spending for non-durable goods ranging from clothes to fruits.
Incomes were lifted by an increase in wages and salaries during the month.
The personal saving rate increased by 5.7%, the first rise since March.
The report included personal consumption expendit -
Here's a super-quick guide to what traders are talking about right now (SPY, SPX, DJI, IXIC, IWIM, USD, DXY)
From Dave Lutz, head of ETFs at JonesTrading, here's a quick guide to what traders are talking about:
Good Morning! US Futures are starting this week into Labor Day Holidays very quiet. The S&P is up small, while smallcaps are lagging slightly. Dead quiet over in Europe as London Closed for Holiday – Most exchanges that are open are seeing turnover 40-50% light to normal trends. It is a sea of red across the continent as Europeans react top Jac -
10 things you need to know today (spy, spx, qqq, dia, czr, hlf)
Here is what you need to know.
Fed rate-hike probabilities are moving up. Following Friday's speech by Federal Reserve Chair Janet Yellen, the market is pricing in a 42% chance of a September interest-rate hike and a 64.7% probability of a rate hike by the end of the year.
ISIS appears to be in dire financial straits. Aside from reducing salaries of its fighters by 50%, the terrorist group has raised taxes and stopped paying benefits, Adam J. Szubin, the acting under secretary for terrorism and -
Ultimate Asset: Marketing & Content Manager - Central London, Salary £DOE
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approx £50K per annum tax free + benefits:MCG Associates:
Our client is a premier Middle Eastern PR agency and they are seeking an experienced English copywriter with public relations agency experience.
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Elizabeth Norman International: Senior Insight manager | Chocolate | West London
£50000 - £55000 per annum + Bonus:Elizabeth Norman International:
Agency researcher looking to move clientside? We're looking for an senior insight manager to join really exciting multinational chocolate brand!
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Total Chinese tourism growth slows
BEIJING: A sharp decline in tourism within Greater China has resulted in a growth rate of just 3.4% in the first half of 2016 compared with the same period last year, but international markets still saw a 16% increase in Chinese travellers.These... -
Money-wise Singapore, HK millennials
SINGAPORE: Millennials in Hong Kong and Singapore have become more money-savvy than other markets as financial conversations become more commonplace and brands digitise their services.Recent research from Havas Media Asia-Pacific has revealed... -
Malibu embraces contactless trend
LONDON: Malibu, Pernod Ricard's coconut rum brand, is about to launch a campaign that will test the growing UK consumer trend of contactless transactions.As part of its "Because Summer" campaign, Malibu is rolling out 40,000 connected bottles... -
EU plans search engine news levy
BRUSSELS: News organisations in Europe could be given the right to demand fees from internet giants such as Google and Facebook in exchange for showing extracts of their content, according to new European Commission (EC) proposals.The measures,... -
Cord-cutters least happy streamers
NEW YORK: Cord-cutting has concerned the pay TV industry for a long time, but a new survey has found consumers are most satisfied with their streaming service when they also subscribe to traditional cable or satellite services.What's more, these... -
Apple takes on Snapchat and Spotify
SAN FRANCISCO/LONDON: Tech giant Apple is reportedly developing a video-sharing app that allows users to record video and apply filters or drawings to the content, in much the same way that Snapchat does.According to unnamed sources -
Absolut drives marketing innovation
NEW YORK: Absolut Vodka, the drinks brand owned by Pernod Ricard, has successfully created space for marketing innovation by forming a separate business unit dedicated solely to this activity. Absolut Labs, an "idea incubator and think tank" based...
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