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The 20 richest boarding schools in America
Elite boarding schools are not only highly selective, they're also well funded — some boast endowments even larger than those of prominent colleges. Business Insider recently published a list of the...
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JPMorgan puts another $500 million aside for energy sector woes
By David Henry and Dan Freed(Reuters) - JP Morgan will set aside an additional half a billion dollars to cover potential bad loans to oil and gas companies in the first quarter, underlining the sharp...
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A 15-year-old merger between the London Stock Exchange and Deutsche Boerse is...
Germany's Deutsche Boerse and the London Stock Exchange are in merger talks.The deal, first proposed in May 2001 but since abandoned, is at an advanced stage and the two groups are "in detailed...
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JPMORGAN: 'We are a technology company'
JPMorgan CFO Marianne Lake says her firm is more than just a bank."We are a technology company," Lake said, speaking at JPMorgan's Investor Day on Tuesday.JPMorgan Chase has a team of 40,000...
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The UK voting to leave the EU 'would open Pandora's box' in Europe (GBP, USDGBP)
The conversation about a "Brexit" is starting to heat up.Over the weekend, prime minister David Cameron announced that Britain will hold a referendum on continued membership in the European Union on...
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Fitbit is crashing (FIT)
Fitbit shares dropped by as much as 14% in early trading on Tuesday after the company reported quarterly results.The earnings release Monday showed that fourth-quarter profits and revenues crushed...
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Chipotle's customers have 'menu fatigue,' and it's a huge crisis for the company
Chipotle is facing a new problem that has nothing to do with E. coli.Customers are growing tired of the menu, and there are plenty of other competitors now offering fresh, customized fast food similar...
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Existing home sales rose more than expected in January
Existing home sales rose in January, beating the forecast for a decline, according to the National Association of Realtors. Sales of existing condos, co-ops and single-family houses rose 0.4% at an...
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The stock market spooked US consumers in February
The stock market spooked US consumers in February. The Conference Board's reading on consumer confidence plunged in February to 92.2, well below expectations. Expectations were for the reading to come...
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A Nobel Prize winner gives his single best piece of advice about money
Harry Markowitz is the 1990 Nobel Memorial Prize winner in Economic Sciences, and a recipient of the 1989 John von Neumann Theory Prize.Markowitz, who is known as the "father of Modern Portfolio...
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One of the largest pharmacies in the US says it has managed to keep a lid on...
Extreme drug price hikes were a big story in 2015. Now, one of the largest drug stores in the U.S. is crowing about some relatively good news on that front.CVS Health on Tuesday said drug prices rose...
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The US government just scared off a huge Chinese investor
Western Digital's plans to buy flash memory giant SanDisk ran into a hitch on Tuesday after one of the deal's financial backers decided to walk away.China's Tsinghua Unisplendour Corp. was going to...
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Stocks and crude oil are slipping (SPY, DJI, IXIC, USO, WTI, OIL, VDE, BNO)
Stocks are trading lower on Tuesday in the red after a few strong days on Wall Street.Near 10:14 a.m. ET, the Dow was down 104 points, the S&P 500 was down 14 points, and the Nasdaq was down 38...
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JAMIE DIMON: We're investing in the business that's hurting our rivals (JPM)
The fixed income, currencies and commodities business has had a terrible run across Wall Street.Revenue from FICC fell 9% last year across major banks, according to data-analytics company Coalition....
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The Range Rover TD6 reminds America of what it's been missing out on
For most folks, Range Rover is more than just an SUV — it's the rolling embodiment of off-roading ruggedness combined with the rustic elegance of the landed gentry.Add a diesel engine and the...
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The decline of US labor unions in one chart
Labor unions, once a key part the American workforce, have been on the decline for decades.As jobs have moved to "Right-to-work" states, the number of Americans that are a member of a labor union has...
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A perfect SAT couldn't get this guy into the Ivy League but it helped him...
Shaan Patel had his fair share of rejection when he was applying to college.Even armed with a perfect SAT score, he was rejected from every Ivy League school to which he applied — Harvard, Princeton,...
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Sea levels are rising at the fastest rate in 2,800 years — here’s what Earth...
An ominous new study released Monday shows sea levels across the globe are rising at the fastest rate in the past 28 centuries – or nearly 3,000 years. As National Geographic showed us in 2013, sea...
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Fed's Kaplan says does not expect U.S. to enter recession this year
DALLAS (Reuters) - Dallas Federal Reserve President Robert Kaplan said on Wednesday that he does not expect the United States to enter recession this year.Slowing global growth, tightening financial...
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I just started using an eye cream, and now I finally understand why it's so...
Every time I interview a dermatologist, skincare executive, or grooming guru, I ask them the same question: what is the one product men aren't using that they should be?The answer is the same every...
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