Zain Butt

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Here's What Traders Were Talking About During Wednesday's Market Sell Off

The Dow fell 268 points, the S&P 500 fell 33 points, and the Nasdaq dropped 82 points.<p>Oil prices also took a hit, with Brent crude at one point breaking below $65 and WTI breaking below $61.<p>Via Dave Lutz of JonesTrading, here's a quick overview of what trader's were talking about on Wednesday:<p>Oil …

Stock Markets

Here's Where The Highest-Paid New Yorkers Live

Some blocks and neighborhoods in New York City are so full of rich people that the Census Bureau can't reveal exactly how rich they are.<p>The US Census Bureau recently released data from the 2009-2013 American Community Survey. The survey provides an amazingly comprehensive look at the demographic, …

Demographics

Asset Class And Investment Strategy

Asset classes and investment strategies are two different concepts. An asset class is a category of tangible or intangible assets whose scope may or may not be fully quantifiable. The quantifiable part is the raw material from which an investment strategy is created. US equity is an asset class …

Flipping The Wall Street Journal and Factiva

For 125 years, it has been read by the leading business influencers in the world. It’s won 35 Pulitzer prizes, for topics including the September 11, …

Don't panic! OPEC oil cut unlikely

Thursday's OPEC meeting is set to be one of the most contentious since oil prices plummeted by more than $100 a barrel in 2008.<p>Saudi Arabia's veteran energy minister Ali Al Naimi has carried the burden of trying to balance global oil supply with demand for nearly two decades.<p>But there are signs …

Here Are The 50 Stocks That Big Hedge Funds Love Most

These funds increased their exposure to stocks by 3.8% as the market extended its 5-year old bull run. FactSet's John Butters noted that the most popular stocks to buy were in the in the information technology sector, followed by consumer discretionary and energy sectors.<p>Shares of Shire PLC were …

Investing

NASA Television provides live coverage of launches, spacewalks and other mission events, as well as the latest news briefings, video files, and the This Week @NASA report.

Space Exploration

The Truth Comes Out About CEOs Who Play Too Much Golf

But there's a problem: If your company's CEO golfs a lot, your company is probably underperforming.<p>A paper from Lee Biggerstaff at Miami University (Ohio), David C. Cicero at the University of Alabama, and Andy Puckett at the University of Tennessee published in August (which we were first alerted …

Golf
Stock Markets

Global firms' tax avoidance schemes revealed in leaked documents

The US-based International Consortium of Investigative Journalists (ICIJ) said a six-month investigation had found household firms such as Pepsi, IKEA and Deutsche Bank were among companies which had taken advantage of legal tax avoidance schemes with Luxembourg.<p>The ICIJ said it had reviewed around …

Corruption

One Of The World's Biggest Oil Projects Is A Total Fiasco

But the project, whose name sounds unfortunately like "cash all gone", went spectacularly awry. A year ago, when the first trickle of crude briefly flowed, it was already eight years behind schedule. Having cost $43 billion, it was $30 billion over budget. And production lasted only a few weeks …

Oil & Gas Industry

The Secret Weapon of Billionaire CEOs and Other Wildly Successful People | Inc.com

Picture this: You've launched your business, you're turning a profit, and day-to-day operations are humming along. The company is solid, but you've reached a plateau. You know it's time to take things to the next level, but you're not sure how best to do it. You haven't been here before.<p>When this …

Leadership

Sketchy Snapchat backup services leave users exposed

Despite Snapchat's self-proclaimed efforts to shutter third-party services, a new hack of the service -- popular with teens -- exposes an enormous library of user photos and videos.<p>Third-party services that let Snapchat users back up their photos and videos -- and that Snapchat claims it tried to …

Social Media

What Happened to the Roosevelts?

What the Bushes and the Clintons can learn from a fallen political dynasty.<p>In any case, it <i>should</i> have been true: that when Joe Kennedy’s bomber exploded in midair, the officer in the trailing plane flying through the fragments and the fireball was none other than Elliott Roosevelt. That, in the …

The 10 Most Important Things In The World Right Now

Good morning. Here's what you need to know for Wednesday.<p><b>1. Kurds in Turkey are lashing out over the Turkish government's seeming inaction to prevent the Syrian Kurdish town of Kobani from falling to Islamic State militants.</b><p><b>2. After more than a week of demonstrations, student groups leading the</b> …

Nobel Prize

Steve Jobs' 14 Most Inspiring Quotes

With a life as storied as he had, it's no wonder that Steve Jobs is remembered not only for running an incredibly successful company, but for being tremendously outspoken.<p>He seemingly had an opinion on everything, and his thoughts often echoed his obsessive commitment to quality at Apple, whether …

Motivation

Forget Taxis — Get Ready To Hail A Drone

If you're comfortable with wagers, now could be the time to bet on the biggest transformation in how humans move around since we retired the horse from daily duty.<p>Two major technological developments are converging: self-driving cars and semi-autonomous drones. Self-driving cars have enjoyed a more …

Flying Car

This Woman's Revolutionary Idea Made Her A Billionaire — And Could Change Medicine

No more wondering to yourself, "Ah, how much more can they take before I pass out?"<p>Instead you might be able to walk into a Walgreens pharmacy for a reportedly painless fingerprick that will draw just a tiny drop of blood, thanks to Elizabeth Holmes, 30, the youngest woman and third-youngest …

Genetic Engineering

Nixie is a wearable drone that captures your activities on the fly

Remember the dronie? If not, it's a self-taken photograph (sigh, <i>selfie</i>) from a UAV like the Parrot AR Drone 2.0 that provides a bit more creativity than your arm reach allows. Imagine that you can attach that drone to your wrist and launch it instantly, and you have some idea about how the Nixie …