Reporter, Business Insider
businessinsider.com — Brutal day for the Australian dollar. First it dived after the Fed's hawkish press conference. Then just now it's falling after that bad Chinese Flash PMI. This is the perfect storm: Weakening demand for commodities from China, and a strengthening US dollar thanks to an improving US economy and monetary tightening.
businessinsider.com — HSBC China Flash PMI for June is out at 9:45 p.m. ET. Economists polled by Bloomberg are looking for flash manufacturing PMI to decline to 49.1, from 49.2 in May. A reading below 50 indicates contraction. China's official PMI report unexpectedly climbed to 50.8 in May.
businessinsider.com — Alliance Bernstein's Vadim Zlotnikov Gives Us The Argument For Active Management (Business Insider) After the financial crash there has been a loss of confidence in active management as passive investing strategies have outperformed. Vanguard's Jack Bogle has built his entire reputation on passive investing, or investing in stock market indices.
bloomberg.com — A top official for the Financial Industry Regulatory Authority resigned after the agency was informed he was indicted for felony theft and charitable bingo fraud in 1993, the year he joined the agency. Mitchell C. Atkins, a senior vice president who managed Finra's work in 11 states, quit after spending 20 years with the brokerage industry self-regulator and its predecessor.
news.sky.com — DNA testing has revealed Prince William will become Britain's first king to have proven Indian ancestry. Genetic experts have found a direct lineage between the Duke of Cambridge and a part-Indian woman called Eliza Newark. She was a housekeeper for his great-great-great-great-great grandfather Theodore Forbes, a Scottish merchant who worked for the East India Company in Surat, a port north of Bombay.
Sign up to discover more journalists who cover Business and Finance, Metro New York and more.Create An Account
Share This Profile