Here's why neobanks might have to reconsider their business models
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Carlos Barria/Reuters
BEIJING (AP) — China on Tuesday said it shouldn't be held responsible alone for solving the North Korean nuclear standoff, and accused other countries of shirking their responsibilities in the effort to reduce tensions.
The complaints, made in unusually strident language, follow a phone conversation between President Xi Jinping and U.S. President Donald Trump earlier this month in which the Chinese leader warned of "some negative factors" that were harming China-U.S. relations... Читать дальше...
Instagram @richkidsofswiss
In June, we took a sneak peak into the lives of the Rich Kids of Hong Kong through an Instagram page which posts photos showing how Asia's elite spend their money.
"Rich Kids of..." has become somewhat of a brand in and of itself, inspiring TV shows, websites, and books — as well as a variety of Instagram pages, showcasing the lives of wealthy youngsters around the world.
And what better place to look than Switzerland, the most expensive country to... Читать дальше...
© AFP Mauro PIMENTEL
Rio de Janeiro (AFP) - Teachers in violence-wracked Rio de Janeiro started a new course on Monday — they are learning how to react to the shootings and violence plaguing the host city of last year's Olympic Games.
Some 40 teachers attended the course organized by the International Committee of the Red Cross, and each educator will go back and instruct colleagues in their own schools on how to deal with a variety of violent incidents.
"It's a question of knowing how to manage each situation ... Читать дальше...
Ever wondered why weather forecasters give you a "feels like" temperature? Humidity can change how hot you actually feel. Your body uses sweat to cool itself off. However, on humid days, your body doesn't efficiently rid itself of sweat and heat, creating a higher risk of heat stroke.
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The pharmaceutical industry is among the biggest in the world, containing some of the largest companies in the world.
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BPA via Getty Images
The Kremlin is getting ready to expel dozens of American diplomats from Russia.
In response to the recent round of US sanctions against Russia, Moscow is planning to strike back by expelling at least 30 American diplomats and seizing US state property in the country, a senior Kremlin official told Russian newspaper Izvestiya.
Andrey Klimov, a senator in the upper house of Russia's parliament, told Izvestiya that Russia had already waited more than six months... Читать дальше...
AP
In the decades before streaming-era rules and digital downloads inflated album sales, platinum certification was more difficult for artists to obtain.
When an artist achieved platinum status back then — selling a million or more physical copies of an album — it took a greater, more fervent effort from fans (driving to record stores, finding an album, handing over your hard-earned cash for it), but many acts reached platinum certification routinely nonetheless.
Using RIAA data... Читать дальше...
Jamie Squire/Getty Images
Yankees rookie phenom Aaron Judge has been one of the most compelling stories in baseball so far this season.
Standing 6-foot-7 and weighing 282 pounds, Judge is already the largest position player to ever take the field. He also already has the record for most home runs by a Yankees rookie and won the All-Star Game Home Run Derby in convincing fashion.
But beyond his imposing size, it’s his quick rise to success that is catching the eyes of baseball fans across the league. Читать дальше...
Jeff Reynar is a director of engineering and New York site lead at Facebook. He interviews between 50 and 100 people annually for various technical roles. Since Facebook regularly lands near the top of lists of the best companies to work for, we asked Jeff how to make a résumé stand out. Following is a transcript of the video.
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US Air Force/Capt. David Liapis
The fate of the red-hot tech stocks dominating the US stock market could rest in the hands of the Federal Reserve.
The so-called FAANG group — consisting of Facebook, Apple, Amazon, Netflix, and Google — has traded inversely to 10-year Treasury yields for the better part of the past decade, according to data compiled by Credit Suisse.
So if the Fed continues to raise interest rates as planned, those high-flying tech stocks are likely to come under pressure... Читать дальше...
John Moore/Getty Images
Donald Trump, Jr., the president's eldest son, has always been the most detail-oriented, business-focused child, leaving the spotlight to his father and his sister, Ivanka.
"I know the entertainment stuff helps us," he told Forbes in 2006. "But somebody's got to stay here to remind everybody that we build buildings."
Today, Jr. is the one in charge of building those buildings, now leading The Trump Organization with his brother, Eric.
But his life hasn't been without drama... Читать дальше...
Markets Insider
Shares of Snap are hitting new lows Tuesday morning, after another bank — this time Morgan Stanley — cut its price target on the stock.
Snap's fallen to $16.26 in early trading, below its $17 IPO price and a new low.
The losses come as the drumbeat of pessimism from Wall Street grows louder. Several banks, including some of the deal's underwriters of the IPO have cut their price targets on the stock.
Morgan Stanley lowered its price target on Tuesday from $28 to $16, according to Bloomberg. Читать дальше...
Frazer Harrison/Getty Images for Airbnb
James Altucher — the bestselling author, blogger, and podcaster — has an eight-figure net worth, he told Farnoosh Torabi on a recent episode of her So Money podcast.
While impressive, Altucher went on to explain that he's learned the number in his bank account is no excuse to stop actively evolving and growing as a person.
"At worst, money can make you think that your job is done as a human," said Altucher, who is the author of more than a dozen books... Читать дальше...
REUTERS/Joshua Roberts
Federal Reserve officials are pretty proud of their plan to reduce their balance sheet following a sharp expansion during and after the Great Recession.
Policymakers are especially excited they were able to announce the plan's contours without having markets totally freak out, like they did in 2013 when then-Chairman Ben Bernanke gave the first hint that the Fed would be ceasing its bond-buying program. Bond yields spiked sharply higher at the time in an event that became known as the taper-tantrum. Читать дальше...
Amazon
Amazon is pouring gasoline on the hype bonfire for its Prime Day shopping event by releasing a first-look teaser for “The Grand Tour” season two — available only to Prime members.
The 35-second teaser shows Jeremy Clarkson, Richard Hammond and James May motoring through locales in Mozambique, Switzerland and the U.K. Amazon Prime members can view the exclusive footage at primevideo.com/GTPrimeDay.
Amazon hasn’t announced a premiere date for season two of “The Grand Tour” starring the trio ... Читать дальше...
Marvel
The Marvel movie ends, and the credits start to roll. You see some people in your row start to gather their things and leave. Amateurs.
But not you. You stay in your seat, just like you have since you first saw "Iron Man" in 2008 and heard whispers of an extra scene after the credits. It seemed unlikely — why would anyone want to stay that long once the film is over? But you waited, and your patience was rewarded. Now you know not to leave the theater until every last name... Читать дальше...
Mark Brown/Getty Images
Good morning! Aaron Judge added to his legendary status by winning the 2017 Home Run Derby in convincing fashion. Here are the home runs everybody will be talking about Tuesday:
Judge announced his presence with authority early on. Judge seemingly had a big mountain to climb in the first round. But if there was any doubt, he erased them early with a 501-foot blast.
Home run No. 23 in the first round sent Judge to the second round. It turned out that Judge's toughest test came in the first round.
Damir Sagolj/Reuters
BEIJING (Reuters) - China hit back on Tuesday in unusually strong terms at repeated calls from the United States to put more pressure on North Korea, urging a halt to what it called the "China responsibility theory", and saying all parties needed to pull their weight.
U.S President Trump took a more conciliatory tone at a meeting with Chinese President Xi Jinping on Saturday, but he has expressed some impatience that China, with its close economic and diplomatic ties to Pyongyang... Читать дальше...
If you have Amazon Prime, you probably already use its free 2-day shipping and Instant Video services. However, there are many other benefits as well. Here are 7 that you may not have even known you had access to.
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Samantha Lee, Business Insider/Getty
From instant classics like “Memento” and “Inception,” to his flawless “The Dark Knight” trilogy, director Christopher Nolan has spent his career telling unique stories while pushing the medium. And for his latest movie, “Dunkirk” (opening July 21), he’s pushed it further than most ever have.
Recounting the evacuation of close to 400,000 British soldiers from Dunkirk, France during World War II, Nolan tells the story in three parts: soldiers on... Читать дальше...
@NBCNews/Twitter
The Russian lawyer who met with Donald Trump Jr. during the 2016 US presidential campaign has denied any connections to the Russian government and suggested President Donald Trump's inner circle was "longing" for info on the Democratic National Committee.
"It is quite possible that maybe they were longing for such an information," Natalia Veselnitskaya told NBC News in an interview aired on the "Today" show.
"They wanted it so badly that they could only hear... Читать дальше...
AP Photo/Rafiq Maqbool
India's stock market is attracting investor attention from around the world.
Jeff Gundlach, the founder and CEO of DoubleLine Capital, has called India his "favorite stock market."
In a recent interview with Business Insider, Martin Gilbert, the head of the UK-based Aberdeen Asset Management, said India had the best emerging market.
And Warren Buffett has described India as a "huge, enormous market," adding that "the potential for India is incredible."
Now... Читать дальше...
Andrew Burton/Getty Images
UBS released a list of what its equities analysts view to be the most crowded trades in the market right now.
As active managers pile into these stocks, the price climbs. This moving-with-the-herd strategy can pay off in a bull market.
But there is risk built into that strategy as well. Essentially, the first sign of trouble can lead to a rush to sell with everyone rushing towards the exits.
UBS put together this overweight list using institutional ownership data provided by FactSet. Читать дальше...
YouTube
(Reuters) - PepsiCo Inc reported a better-than-expected quarterly profit on Tuesday, helped by higher pricing of its sodas and snack foods sold in North America and the sale of its minority stake in British bottler Britvic Plc.
Revenue in PepsiCo's North America beverage business, the company's biggest, rose 2 percent to $5.24 billion in the second quarter ended June 17. While volume sales were flat, net pricing was up 1 percent, the company said.
Revenue from its Frito-Lay North America business rose 3 percent... Читать дальше...
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