An Amazon Air plane crashed in February, killing all 3 people on board. Weeks earlier, several pilots said they thought an accident was inevitable.

An Amazon Air plane crashed in February, killing all 3 people on board. Weeks...

An Amazon Air plane called CustomAir Obsession crashed on February 23. All three people on board were killed. The Boeing 767 cargo jet, operated by Atlas Air and contracted by Amazon, had been approaching Houston's George Bush Intercontinental Airport. The cause of the crash is still unknown. In conversations with Business Insider in the weeks…
American auto delinquencies are piling up, revealing the pains of the millions left behind by the US economic recovery

American auto delinquencies are piling up, revealing the pains of the millions left behind...

Ten years into a bull market, Americans are getting jittery about when the music will stop and the next recession will tear through the economy. While bad economic omens are being spotted in a variety of places, last month it was a spike in auto delinquencies that spooked market participants. The Federal Reserve reported the…
Facebook employees had unfettered access to hundreds of millions of users’ unencrypted passwords for years

Facebook employees had unfettered access to hundreds of millions of users’ unencrypted passwords for...

Facebook stored hundreds of millions of users' passwords in a format easily readable by its employees for years, in the latest security scandal to hit the beleaguered Silicon Valley tech giant. Cybersecurity journalist Brian Krebs first reported the news on Thursday, and it was subsequently confirmed by a blog post from Facebook entitled "Keeping Passwords…
Trump got exactly what he wanted from the Fed, but for reasons he is going to hate

Trump got exactly what he wanted from the Fed, but for reasons he is...

President Donald Trump has for months blasted Federal Reserve Chairman Jerome Powell's interest-rate hikes, imploring the chief of the central bank, which is supposed to operate independently from the executive branch, to stop tightening monetary policy. On Wednesday, Trump finally got what he wanted from Powell and the Fed. As part of the Fed's latest…
The Fed was ‘as dovish as they could be without spooking the market.’ Here’s what Wall Street is saying.

The Fed was ‘as dovish as they could be without spooking the market.’ Here’s...

AP Photo/Richard Drew The Federal Reserve lowered its growth forecast for the US economy Wednesday. It signaled interest rates would likely remain unchanged this year. Alongside plans to end its balance sheet runoff in September, the meeting was even more dovish than expected. With a flurry of ongoing strains, the Federal Reserve now sees the…
Biogen is crashing after scrapping its late-stage Alzheimer’s drug trials (BIIB)

Biogen is crashing after scrapping its late-stage Alzheimer’s drug trials (BIIB)

REUTERS/Brian Snyder Biogen and the Japanese pharmaceutical company Eisai said Thursday they would discontinue their late-stage Alzheimer's drug trials. Shares of Biogen crashed more than 25% in pre-market trading, wiping out nearly $16 billion of market value. This outcome was "investors' worst fears come true," Guggenheim told clients. Watch Biogen trade live. Biogen shares crashed…
Levi’s is getting ready to rejoin the stock market after 30 years

Levi’s is getting ready to rejoin the stock market after 30 years

Levi's/Facebook Levi Strauss & Co. will rejoin the stock market after more than 30 years. Shares priced Wednesday evening at $17 apiece, above the expected range of $14 to $16 — giving the jeans maker a market valuation of $6.6 billion. Levi's listing comes during a boom in jeans sales. The New York Stock Exchange…
A Tesla analyst who just toured the electric-car maker’s California and Nevada factories reveals what he saw (TSLA)

A Tesla analyst who just toured the electric-car maker’s California and Nevada factories reveals...

Marques Browne/YouTube Tesla has faced a host of challenges in recent months. But one optimistic analyst who toured Tesla's Fremont, California, plant and its Nevada Gigafactory in recent days is doubling down on his bull thesis. Wedbush analyst Dan Ives described his time at the factories to Markets Insider, and explained why he walked away feeling…
Markets are reeling after a ‘bizarre’ Fed surprise

Markets are reeling after a ‘bizarre’ Fed surprise

REUTERS/Lucas Jackson The Federal Reserve surprised markets by cutting its interest-rate forecast to zero hikes this year and just one in 2020. The US-China trade war appears set to linger after President Trump said tariffs could stay in place for a "substantial period of time." Brexit uncertainty has reached fresh levels after Prime Minister Theresa…
A bottle of whisky can cost up to $1.5M because of a key difference between single malt and blended varieties

A bottle of whisky can cost up to $1.5M because of a key difference...

Glenfiddich distillery in Scotland is the world's largest exporter of single malt whisky. Started in Dufftown in 1886, it ships 1.2 million 9-liter cases each year. Making single malt is a difficult and lengthy process. Barley is ground down and added to spring water. Heated to 64°C, it turns to sugar, dissolving into a fine…

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