• China and Russia have their eyes on the Arctic — and Rex Tillerson says the US is 'late to the game'

    China and Russia have their eyes on the Arctic — and Rex Tillerson says the US is 'late to the game'SEE ALSO: These 17 photos show Finland's brutally cold World War II battle with the Soviet Union
    Join the conversation about this story »NOW WATCH: Look inside the Arctic 'doomsday' seed vault built to protect millions of crops from any disaster
  • Here's a simple guide to what a hedge fund actually does

    Hedge Funds are shrouded in secrecy, and can make investments many everyday investors can't.
    This infographic is a simple guide to how hedge funds invest and manage money. For many entry-level investors, hedge funds are shrouded in mystery and exclusivity.
    It’s common, for example, for media coverage to focus on the ultra-wealthy founders and CEOs of hedge funds, such as Ray Dalio or Bill Ackman, as well as their secretive investing strategies or exclusive clientele. Like investment
  • A mystery trader keeps betting that the stock market will go crazy

    A trader just rolled over a massive volatility bet that could pay out $260 million if all goes according to plan.
    The wager is on a large increase in the VIX, which serves as the stock market's fear gauge and has been sitting near record-low levels for months.The market's foremost volatility bull is at it yet again.
    Just over two months after rolling over a humongous wager that the CBOE Volatility Index, or VIX, would surge from its subdued levels by December, the volatility vigilante has essen
  • 'Coco' dominates a quiet weekend at the box office (DIS)

    "Coco" wins the domestic box office for a second-straight weekend with $26 million.
    A24 is capitalizing on the pre-"Star Wars: The Last Jedi" weekends by releasing award season contenders "Lady Bird" and "The Disaster Artist."Disney/Pixar's "Coco" has followed up its Thanksgiving weekend dominance at the domestic box office with a repeat win.
    The heartwarming tale of a boy's journey to the Land of the Dead took in an estimated $26 million its second weekend, according to Exhibitor Relations, ea
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  • Sinking NFL viewership is threatening to crush ad sales

    TV ratings for the National Football League have declined in each of the past two seasons.
    RBC Capital Markets says that this is going to hurt ad sales as investors shy away in an increasingly competitive landscape.When it comes to TV ratings, the National Football League needs a Hail Mary.
    Average game viewership has fallen to 15 million this season, down from 16.5 million last year, and the lowest since 2008, according to data compiled by RBC Capital Markets.
    The firm also finds that the
  • Economist Jim Rickards on gold versus bitcoin — intrinsic value is meaningless for both but the bitcoin prices aren't real

    Jim Rickards is the editor of Strategic Intelligence and the author of Currency Wars: The Making of the Next Global Crisis. He believes gold can go to $10,000 an ounce but he is much more skeptical about bitcoin. Rickards doesn't trust the bitcoin price action and doesn't believe the cryptocurrency will fare well in a financial crisis. Following is a transcript of the video. 
    Jim Rickards: Hi, I am Jim Rickards,  editor of strategic intelligence. Today I’m going to talk toda
  • Why BlackRock's $1.7 trillion bond chief gets up at 3:30 a.m.

    Rick Rieder, the chief investment officer of fixed income at BlackRock who oversees $1.7 trillion, barely sleeps and has an extremely demanding schedule.
    His extensive research helps inform an investment strategy that involves making a huge number of small but diversified bets.
    Over his 30-year career, Rieder has risen through the ranks of his many employers, all while finding time to do a good deal of charitable work.Rick Rieder thinks sleeping is a waste of time, so he wakes up at 3:30 every
  • Google searches for bitcoin pass Trump for the first time

    Google searches for bitcoin have surpassed queries for President Donald Trump for the first time.
    Interest in the cryptocurrency this year has helped drive a nearly 1,000% rally. 
    US regulators on Friday cleared the way for bitcoin futures trading, which should further increase participation in the crypto market. 
     
    More people are asking Google about bitcoin than are seeking information on the president of the United States, according to Google Trends data. 
    It's one a
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  • 3 reasons the trillion-dollar M&A market will keep exploding in 2018

    US merger-and-acquisition activity is on pace to clear $1 trillion for the fourth year in a row.
    Robert W. Baird sees robust activity continuing through 2018 as private-equity-backed companies grow in number and outbound Chinese investment remains strong.2017 has been a banner year for merger-and-acquisition activity.
    Broadcom is trying to buy Qualcomm for more than $100 billion, which would be the biggest tech takeover in history. United Technologies agreed to fork over $30 billion for Rockwel
  • JPMORGAN: Here's what you should be reading, listening to, and visiting in 2018

    Every year, JPMorgan polls its more than 200,000 employees for the next big trends in movies, books, music, theater, and more.
    Coined the #NextList2018, this year's recommendations run the gamut from the expected (the hedge fund legend Ray Dalio's new book) to the obscure (Ecuadorian parlor music). And yes, the name includes the hashtag.
    "The JPMorgan #NextList2018 represents our passion for discovery and desire to share new ideas and experiences that we hope will enrich our clients' lives for
  • Here's why Snapchat's huge redesign could revive its business, or sink it (SNAP)

    Snapchat's redesign separates conversations with friends from a feed of content from professional publishers and public figures.
    The redesign is a bet that Snapchat users care enough to seek out news and entertainment in the app.
    Depending on how users respond, the redesign will have an either negative or transformative effect on Snap's young business.Snapchat has a problem: It's too confusing for many people to use. 
    The solution: A major overhaul of the app's design that could prove to b
  • The housing inventory crisis is keeping older millennials stuck with their parents

    In 2017, the share of millennials ages 18 to 24 living with their parents fell to a six-year low.
    But older millennials, ages 25 to 34, are moving out of home at a slower rate. 
    That's likely because more people in this group would rather buy than rent, but are increasingly unable to find affordable houses on sale. 
    US home prices are rising at double the annual rate of appreciation in a "normal" market, according to Zillow. 
     
    There's an important split, defined by age grou

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