US stocks finished the week lower amid rising tensions in the Middle East as Iran reportedly seized two British tankers.
That took some of the luster away from Microsoft's strong earnings report, which sent the company's shares to an intraday record high.
Visit the Markets Insider homepage for more stories.
Major US indexes fell on Friday amid rising tensions in the Middle East. The major headline was Iran reportedly seizing two British tankers, a development seen as a major escalation against t
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Stocks end the week lower amid rising tensions in the Middle East
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Bernard Arnault is the second-richest person in the world with a fortune of $108 billion. Here are 13 quotes that reveal his philosophy on money, success, and power.
French billionaire Bernard Arnault became the second richest person in the world this week.
The LVMH chairman and CEO has a reported net worth of $108 billion, more than Bill Gates and Warren Buffett.
He's made $40 billion in 2019 alone.
Read on for 13 quotes from Arnault that demonstrate his philosophy on money, success, and power.
Visit Business Insider's homepage for more stories.French billionaire Bernard Arnault became the second wealthiest person in the world this week, according to Bloomb -
Sony movie boss Tom Rothman explains why he bet big on Quentin Tarantino's new movie and sets the record straight about a rumored deal term (SNE)
The chairman of Sony Pictures Entertainment's Motion Picture Group, Tom Rothman, talked to Business Insider about the evolution of the studio since he took the helm in 2015.
Rothman gave insight on working with Quentin Tarantino for his latest movie, "Once Upon a Time in Hollywood."
Rothman said there had been changes to the movie since its world premiere at the Cannes Film Festival in May, as it now has a scene after the end credits and a new visual-effects sequence.
The studio head also gave h -
JPMORGAN: Boeing's 737 Max crisis will be a direct drag on 2nd-quarter US GDP (BA)
A JPMorgan analyst released a note detailing how Boeing's 737 Max groundings could have a negative impact on the US's second-quarter GDP.
The larger impact of Boeing's issue — including civilian aircraft deliveries — could reduce GDP growth by 0.1%, according to JPMorgan.
The impact could have been worse had aircraft inventories not remained steady through March and May, according to the analyst.
Watch Boeing trade live here.
One JPMorgan analyst believes Boeing's 737 Max issue isn't -
Trump just found another target at the Federal Reserve
President Donald Trump on Friday took aim at John Williams, the second-in-command on the policy-setting Federal Open Market Committee and the president of the New York Federal Reserve.
The comment marked a departure from his usual broadsides against Fed Chair Jerome Powell, which intensified after policymakers last increased the benchmark interest rate in December.
The president has turned up pressure on the Federal Reserve as a slowing economy threatens to change the calculus of his -
How to turn $10,000 into $1 million: One investor reveals the secret sauce for profiting from elusive hyper-growth stocks
Chris Mayer, portfolio manager and co-founder of Woodlock House Family Capital fund, reveals the methodology and characteristics behind an investing technique that lead to offer 100 times returns.
He also details the amount of stringent discipline it takes to achieve an exponential trade, and how investors can improve their odds of succeeding by adopting a simple strategy.
Click here for more BI prime stories.Everyone wants to strike it rich in the stock market, but no one wants to work for it. -
The CEO of one iron company says he's boiling short-sellers 'like frogs' (CLF)
Cleveland-Cliffs' CEO told analysts on a Friday call that he would continue to "boil" short-sellers "like frogs."
"One day they realize that it's not a warm pool. It's their deathbed," CEO Lourenco Goncalves added.
The statement followed a quarterly earnings report released Friday morning that surpassed analyst expectations and sent the iron-ore company's stock up as much as 6.7%.
Watch Cleveland-Cliffs trade live here.
Visit the Markets Insider homepage for more stories.
The CEO of the iron-ore -
WHAT YOUR BOSS IS THINKING: We talk to the top CEOs in the world about their strategy
It pays to know what your boss is thinking
Business Insider Prime talks to the world's top CEOs in finance, tech, healthcare, advertising, media, retail, and transportation to find out what they're focused on, what they're worried about, and how they lead.
From Goldman Sachs CEO David Solomon to Salesforce co-CEO Keith Block, and Novartis chief Vas Narasimhan to Hulu chief Randy Freer, read on to know what your chief executive, or your rival, is thinking:
FinanceWe talked to Goldman Sachs -
Chewy slips after its inaugural earnings report as investors wonder if the stock is too expensive (CHWY)
Chewy slipped by as much as 7.5% on Friday after the company reported quarterly earnings for the first time since its June initial public offering.
The online pet supply retailer announced $1.1 billion in net sales, a 45% improvement from the year-ago period. It also slashed its net loss in half, from $59.8 million to $29.6 million.
Still, the stock is up a whopping 49% from offer price through Thursday's close.
The quarter ending May 5 also saw the launch of Chewy Pharmacy, an online business t -
EA shares dropped after the gaming titan lost the rights to Ronaldo's Juventus in FIFA 2020
Electronic Arts have lost the rights to use the club name "Juventus" in their upcoming FIFA 2020 game after the Italian giants signed an exclusive deal with Pro Evolution Soccer, owned by Konami.The news sent EA's shares fell 3.5% this week, the latest example of Cristiano Ronaldo moving stock prices.
View more stories on Markets Insider.
Electronic Arts just fell foul of the Ronaldo effect. Shares in the maker of virtual-soccer franchise FIFA fell 3.5% this week, wiping more than $750 million f -
Stocks are jumping after two Fed officials signal rate cuts are coming — 'it pays to act quickly'
World stocks jumped on Friday after comments from two Federal Reserve officials cemented traders' expectations of a cut to interest rates later this month.
"You don't need to wait until things get so bad to have a dramatic series of rate cuts," Fed Vice Chair Richard Clarida said on Thursday.
"When you only have so much stimulus at your disposal, it pays to act quickly to lower rates at the first sign of economic distress," New York Fed chief John Williams said.
View Markets Insider's homepage f -
Payoffs, glory-seeking Feds, and hiding in plain sight — here's what 5 experts told us about the $1 billion cocaine bust on a ship owned by JPMorgan
We spoke to the author of "Narconomics" and four other experts about the estimated $1 billion worth of cocaine found on a ship owned by JPMorgan.
They said the drugs are probably worth less than $500 million, and the smugglers may have used a high-profile boat to avoid suspicion.
The smugglers probably paid off authorities, and US officials potentially blew their chance to catch them by seizing the drugs in Philadelphia.
View Markets Insider's homepage for more stories.An estimated $1 billion wo -
'Don't blow it!': Trump ramps up pressure on the independent Fed, saying it has a 'faulty thought process'
President Donald Trump has again slammed the Federal Reserve for its policy decisions, saying Friday that the central bank had a "faulty thought process."
That marked the latest broadside on the independent central bank, adding to an unprecedented campaign as his 2020 reelection campaign heats up.The president has separately attempted to install political allies at the top of the central bank and suggested the US should artificially weaken the dollar.
Visit Markets Insider for more stories.
Pres -
UBS predicts plant-based meat sales could grow by more than 25% a year to $85 billion by 2030
The plant-based food market is growing rapidly as alternatives to milk, meat, and even eggs are now readily available to buy.UBS forecasts the plant-based meat market will grow by 28% a year and reach $85 billion by 2030, and they're suggesting that could be a conservative estimate.
Plant-based dairy alone could be worth $37.5 billion by 2025.
View Markets Insider for more stories.
The plant-based food market has seen explosive growth in the past year with the public listing of Beyon -
The maker of Budweiser is selling off its $11 billion Australian business after a failed IPO (BUD)
Anheuser-Busch InBev, the brewer of Budweiser and Bud Light, is selling is Australia business to Asahi Group Holdings.
Asahi Group is paying $11 billion for brands including Foster's and Carlton and United Breweries in a move that will help the company expand internationally.
The deal announcement comes after AB InBev canceled a planned initial public offering for its Asia business. That would have been the largest worldwide IPO of 2019.
Shares of AB InBev rose 4.5% early Friday on t -
Microsoft cements its position as the world's most valuable company after crushing sales forecasts (MSFT)
Microsoft stock rose by as much as 3% in early trading Friday after fiscal fourth-quarter earnings showed a beat on both revenue and profits.
The computing giant hit an intraday record, strengthening its position as the world's most valuable company. It had a market cap of $1.05 trillion as of Thursday's close.
Revenue growth in the company's office-productivity products and cloud-computing service, Azure, drove bottom-line gains.
Visit the Markets Insider homepage for more stories.
Microsoft st -
America's biggest wealth manager for the ultrarich is known for his tailor-made portfolios. He revealed to us his magic formula — and how he saves clients millions on taxes.
Peter Mallouk's skill at customized investing has helped make him one of the highest-ranked wealth managers in the US. He's president of the $40 billion firm Creative Planning.
Mallouk told Business Insider about some of the most common ways investors asked him to tailor their portfolios and how he achieved those goals.
Diversification is a regular request, and Mallouk explained how investors could spread out their holdings while avoiding unnecessary tax pain.
Click here for more BI Prime storie -
From Netflix's big flub to Microsoft's cloud attack: Here's the roundup of takeaways and insights from tech’s Q2 earnings reports (MSFT, NFLX)
The tech industry's second quarter earning season kicked off in mid-July, with Netflix first out of the gate with its results.
Over a period of several weeks all the leading tech companies, from Facebook to Google, will provide closely-watched updates on their businesses.
In addition to covering the headline numbers and results, Business Insider Prime will go deeper with smart analysis to give you the most important takeaways from the balance sheets to the earnings conference calls.
Keep c -
UK cinemas see record audiences and adspend
via warc.comDigital Cinema Media (DCM), the company responsible for selling 82% of cinema ads in the UK, has reported a 12% increase in year-on-year adspend in the first half of 2019 and that it expected “huge audiences” in the second half.It... -
The advertising potential of wearable tech
via warc.comWearable technology may present new opportunities for advertising matched with an individual’s emotions and dispositions, but privacy must be at the forefront of marketers’ thinking, an article in the Journal of Advertising Research... -
Netflix disappoints with new subscriber numbers
via warc.comNetflix, the video-streaming service, revealed this week that it added far fewer new subscribers over the second quarter than it had expected, prompting at least one industry expert to warn that the company may be forced to ditch its ad-free model. ... -
Millions of Asian Instagram influencer accounts are fake
via warc.comBrands are allocating ever higher budgets for influencer marketing, but a new study of Facebook-owned Instagram has found that huge sums are being lost to bots and other types of fraud, with India and Indonesia among the worst affected markets. ... -
Dynamic social norms – a new type of social norms message
via warc.comSocial norms messaging is an effective tool to change behaviour, but new research in this area suggests that a focus on already changing behaviours can be even more powerful.Writing for WARC, in -
ARF Ogilvy Awards finalists revealed
via warc.comThe Advertising Research Foundation (ARF) has cited finalists across 17 categories in the 25th-annual David Ogilvy Awards, the only American awards show that honors the research and analytic insights behind advertising campaigns.“The...
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