Eric Sutton

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Mortgage approvals jump to highest level in over five years

Lending to home-buyers is at its highest in more than five years and lending to businesses has risen for the first time since January, according to data from the Bank of England.<p>Mortgage approvals for house purchase - a lead indicator of property demand - jumped to 60,624 in August from 58,238 in …

Eric Holder Says DOJ Will Let Washington, Colorado Marijuana Laws Go Into Effect

WASHINGTON -- The United States government took a historic step back from its long-running drug war on Thursday, when Attorney General Eric Holder informed the governors of Washington and Colorado that the Department of Justice would allow the states to create a regime that would regulate and …

A Record-High Number of Young People Are Still Living With Their Parents: Why?

A story about jobs, bachelors, bachelor's degrees -- and a very weird government definition of "home"<p>Reuters<p>Another month, another record number of young people living at home long after their teenage years are over.<p>This time, it's the <i>Wall Street Journal</i> reporting that, despite the improved economy …

Emerging markets may struggle but real value remains

Emerging markets used to be turbo-charged versions of their developed world counterparts.<p>When growth was strong, and investor confidence high, emerging markets outperformed – this was particularly true in the easy-money boom years between 2003 and 2007.<p>Equally, when investors pulled in their horns …

You Might Not Have Realized Just How Much The 'Department Store' Has Collapsed

The fascination with the decline of JCPenney obscures a much bigger retail story: The traditional "department story" is in a seemingly endless death spiral.<p>This story is driven home in two simple charts.<p>First, check out this one from Citi, which breaks retail sales down into the various component …

Female Founders Speak Up: Winning Strategies For Raising Capital

“I go into everything with a huge ego,” DailyWorth founder Amanda Steinberg told more than 100 entrepreneurs this July at an event co-hosted by TheLi.st and weeSpring. What she conceded could be seen as a huge personal defect in the social world turned out to be her biggest strength in raising well …

Millennial males seek work-life balance too

“My family comes before my job.”<p>“ I’d rather have an interesting life than make a lot of money.”<p>“I owe it all to yoga.”<p>We’re used to hearing these …

Google, Pitting Itself Against Samsung, Prepares For Device War

News that Google acquired a significant competency in Smartwatches, a year ago already, is as close as you can get to setting a cat among the device-ware pigeons. Google has transparently been developing a device strategy now for years but couched it with an element of stealth - almost as if its …

India needs to end fiscal dominance over the central bank | Financial Times

Raghuram Rajan‘s arrival in the Governor’s office at the Reserve Bank of India on Wednesday coincides with the worst economic crisis his country has …

The death of the car industry is about more than statistics

Regardless of which party wins the election, the economy will remain in a great state of flux. The problems created by the end of the investment side of the mining boom, the structural decline of the manufacturing sector, and the high value of the dollar unfortunately will not go away just because …

Rupee’s fall means cheap Indian holidays

A holiday to India costs almost a quarter less than in recent memory due to a plunge in the value of its currency.<p>Sleeping in an Indian palace for the price of a Travelodge hotel room may sound like a Sunday afternoon dream at the tail end of our British summer.<p>But that appealing thought has …

How a 15-year-old became an avid Warren Buffett fan

While many kids my age bug their parents to take them on vacations to places like Disney World, this year I asked my parents to bring me along on their annual trip to Omaha.<p>There, at a Berkshire Hathaway shareholders meeting, I got up close to my investing idol – Warren Buffett.<p>My Dad first told me …

Do showcase spending schemes really boost economies?

<b>You've heard of Abenomics? Well how about Thaksinomics?</b><p>In Thailand, a single political force has won all five general elections held since 2001. It has had various names - Thai Rak Thai, PPP, Pheu Thai - but it has always been loyal to and largely funded by the former Prime Minister, Thaksin …

Vodafone shares jump on $130bn Verizon deal

Vodafone shares rose sharply on Monday as the mobile phone operator finalised plans for the $130bn (£84bn) sale of its 45pc stake in Verizon Wireless and prepared to announce the historic deal.<p>In a statement from Vodafone late on Sunday night it confirmed it was in "advanced talks" with …

Trucker Shortage Worsens As Energy Sector Booms

When goods arrive in Houston, they may come in containers stacked high on huge ships or strung out on long lines of rail cars. But to get to the customer, those goods need to be put on trucks and driven to their final destinations.<p>And now with the oil and gas sectors booming, the demand for …

Indian manufacturing shrinks for first time in four years

Indian factory activity shrank for the first time in more than four years last month, adding to the country's deepening economic malaise even as the central bank struggles to defend the battered rupee.<p>The bleak Purchasing Managers' Index (PMI) comes hard on the heels of data on Friday that showed …

Hear From Indiegogo's CEO And Co-Founder Slava Rubin At Startup

Fast-growing Indiegogo was founded in 2008 and is the outlet of choice for people outside the U.S. or for projects that doesn't fit Kickstarter's requirements. IndieGoGo has served as the platform for such projects as new uniforms for a school in Cambodia and the Ubuntu Edge, a Linux-powered …