Robin Bajaj

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Economists never imagined negative interest rates — now they're rewriting textbooks

In 1983, when Frederic Mishkin started writing "The Economics of Money, Banking and Financial Markets," his seminal textbook on macroeconomics, he never thought he'd devote much space to the idea of negative interest rates.<p>"A million years no," Mishkin told Business Insider.<p>Negative rates were seen …

Economics

Apple Keeps Buying Companies In This Space

Apple (aapl) is really pushing into this machine learning thing. A month after it came out that the company had bought Turi, it is now reported to …

We Are Stuck In Depression Until The Legend Of The 'Maestro' Finally Dies

Alan Greenspan is confused - again. The man who admitted to the world a decade ago he didn't know much if anything about interest rates is now trying …

Meet the new Wall Street trader

Many investors are aware that the old NYSE floor trading is a relic of a bygone era, but even at major banks, the people who work there are rarely traders themselves. Bloomberg recently profiled a story of a top currency analyst explaining that as recently as 2007, Goldman Sachs and other major …

Investing

6 Financial Advisors Share Their Best Financial Advice for Saving Money

Is saving money easy? From a distance, it certainly appears to be.<p>But, when it comes down to it, it’s pretty difficult – especially when you don’t have a stellar income.<p>You already know you need to save money for the future. You need to save money for retirement, for an emergency, for your kids’ …

Personal Finance

Hip Mobility Drills for Better Agility

Athletes train for agility by performing plyometrics and speed drills. But did you know that improving hip mobility can be equally important?<p>Your …

Stretching

London stock exchange shareholders vote on merger deal under Brexit cloud

LONDON/FRANKFURT (Reuters) - Shareholders of the London Stock Exchange will vote on Monday on whether to back a $27 billion merger with Deutsche Boerse, even though the deal may have to be tweaked following Britain’s decision to leave the European Union.<p>The two exchanges have insisted that their …

IT

Brexit is what happens when our digital lives seem more “real” to us than our real ones

It seems that few people were more stunned by last week’s Brexit results than the people who voted for it. Almost immediately, waves of regret—quickly coined “Bregret” (also the slightly more cumbersome “Regrexit”)—saturated the media.<p>First came a man named Adam, who said in an on-camera interview …

New York Times

6 takeaways on Britain’s shock vote

LONDON — British democracy is brutal.<p>Barely seven hours after polls closed Thursday night, the result was declared: Britain had voted to leave the …

The U.K. has voted for Brexit. Here’s what happens next.

After a bitter referendum campaign, the United Kingdom has voted for Brexit, making the decision to leave the European Union. This is the first time that the E.U. has lost a member and will have dramatic consequences for European politics. Although the United Kingdom has sometimes been an …

United Kingdom

Obama: Entrepreneurship has never been more important

President Obama took a little dig at Mark Zuckerberg on Friday.<p>During a panel discussion with the Facebook (FB) founder and three other entrepreneurs, the president recounted how "a bunch of 20-year-olds" helped adapt his campaign to new technologies.<p>He said they told him, "There's this new thing …

Entrepreneurship

US stocks just wiped out their gains for the year

Hours after the UK voted to quit the European Union, investors put stocks on notice.<p>Major US indexes had their worst day since last August.<p>Why?<p>The vote was a shock and investors woke up to not only the surprise Brexit but to reeling global markets from European stocks to a tumbling British pound …

Stock Markets

Where to start your post-Brexit stock bargain hunt, a top REIT, and loonie outlook

Are you old enough to remember when banks were considered boring and safe? If so, maybe it's time to consider a bet on Britain's battered financial sector.<p>In the wake of the Brexit vote, shares of Lloyds Banking Group, Barclays and Royal Bank of Scotland all plunged, presumably because of their …

How to Protect Your 401(k) from the Brexit Fallout

After global markets fell on Friday driven by concerns over the United Kingdom's vote to exit the European Union, investors are no doubt wondering how they can protect their portfolios, 401(k)s and other retirement accounts from further losses.<p>For Mitch Goldberg, president of investment advisory …

Investing

An economist explains four more ways Brexit will decrease global stability

Global markets and politics are still digesting the profound implications of yesterday’s Brexit vote. Although we won’t know for sure what exactly is going to happen, we do know the results of the UK referendum will be profound. Here are four quick, rather broad impacts to consider when thinking …

Europe

China dumping more than Treasuries as U.S. stocks join fire sale

For the past year, Chinese selling of Treasuries has vexed investors and served as a gauge of the health of the world's second-largest economy.<p>The People's Bank of China, owner of the world's biggest foreign-exchange reserves, burnt through 20 per cent of its war chest since 2014, dumping about …

How ISIS Spread in the Middle East

And how to stop it<p>“It is perfectly true, as the philosophers say, that life must be understood backwards. But they forget the other proposition: that it must be lived forwards.” This observation was made in 1843 by the Danish philosopher Søren Kierkegaard in a journal entry, but it might have been …

Middle East

Arnold's Twin Secrets To A Massive Chest

Arnold Schwarzenegger's peak physique has often been called the best of all time, and there's no argument here. Melding the best of aesthetics and …

Tech-Sector Rally Propels U.S. Stocks

Promise of further ECB stimulus, action by PBOC and good results from U.S. tech firms help mood<p>A rally in the technology sector on Friday, spurred by upbeat earnings, propelled the S&P 500 back into positive territory for the year.<p>A further loosening of monetary policy in China and the prospect of …

Stock Markets

Say Hello to the First New U.S. Nuclear Plant in Almost 20 Years

The Tennessee Valley Authority’s Watts Bar 2 reactor just got approval to operate. What does this mean for the future of American nuclear energy?<p>Remember the last time a new nuclear power plant opened up in the U.S.? If not, that’s excusable. It wasn’t in this century. It was Watts Bar in …

11 Benghazi takeaways: One for each hour

<b>Washington (CNN) —</b> The House Benghazi committee took its best swings at Hillary Clinton in a day-long hearing Thursday -- but the former secretary of state remained mostly calm throughout the hearing, save for a few animated moments in which she struggled to mask her contempt for her Republican …

Government

Bitcoin is officially tax-free in Europe

The European Court of Justice ruled on Thursday that Bitcoin and other virtual currencies can be exchanged tax-free, reports Bloomberg.<p>The order follows a dispute in Sweden that arose last June between the nation’s tax authority and Bitcoin forum operator Daniel Hedqvist over whether …

Cryptocurrency

What posh Brits are eating now: almond milk, Medjool dates, and all things coconut

Waitrose, a high-end supermarket in Britain, polls its high-end customers every year. The company asks customers what they buy and how they cook. They mix in their own sales data. The results are an annual sociological snapshot (pdf) of how the British middle-to-upper classes live and eat.<p>They are …

Posh

Israeli PM Benjamin Netanyahu criticized for saying Holocaust was mufti's idea, not Hitler's

<b>(CNN) —</b> There's no question Adolf Hitler led Nazi Germany when it implemented the "final solution" in an effort to kill all Jews.<p>But, in a speech this week, Israeli Prime Minister Benjamin Netanyahu suggested it wasn't Hitler's idea.<p>Rather, he pointed to Jerusalem's then-grand mufti, Haj Amin …

Israel

Photos of shirtless, muscle-flexing new Canadian PM eclipse policy talk

TORONTO (Reuters) - The muscled, shirtless man stands facing the camera, fists up in a boxer’s pose, with a large tattoo of the Earth surrounded by a raven visible on his left shoulder. The photograph caused social media to swoon on Tuesday over Canada’s newly minted prime minister, Justin …

Canada

Nexus 6P review: the best Android phone

The Nexus 6P is a premium phone.<p>"Premium" is a funny word when it comes to phones. It's as though everybody in the business of judging them got together in a secret cabal to come up with the most awkward language possible to describe the set of ineffable qualities that separates the very best …

House Democrats plot 2016 takeover

<b>Washington (CNN) —</b> More than 40 Democratic candidates hoping to take back Republican-held seats are swarming the capital this week for a full schedule of strategy meetings as Democrats plot a path to retake the House in 2016 amid Republican infighting on Capitol Hill.<p>The Democratic candidates for …

Congressional Hispanic Caucus

Hillary Clinton: Being pro-business doesn’t mean hanging consumers out to dry

American capitalism built the greatest middle class in history. When it works the way it should, our system is defined by innovators constantly sparking new ideas, workers sharing in the profits they help produce, consumers enjoying ever-greater choices, and small business owners like my father, …

Theodore Roosevelt

Tone 2 muscle groups in 1 workout with these dual-training exercises

Want to get your most out of your workout!? For ultimate fat burning and total efficiency when it comes to your sweat session there are a few strategies that are a must! For last week's edition of Tone Up Tuesdays, we talked about the importance of High Intensity Interval Training and shared a few …