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Boy Finds 3K-Year-Old Sword in River (Newser Happy Hour 6-pack)

Newser Alert
The day's six most popular stories, in time to unwind.


Boy Finds 3K-Year-Old Sword in River

Boy Finds 3K-Year-Old Sword in River

(Newser) - Yang Junxi is living the dream of every geek with a metal detector—except he didn't even need a metal detector. The 11-year-old boy from China's Jiangsu province was playing next to the Laozhoulin River in early July when he decided to wash his hands. As he dunked... More  »

 
Actress Killed by Falling Tree While Bicycling

Actress Killed by Falling Tree While Bicycling

(Newser) - The Chicago theater community is mourning two stars who died within hours of each other over the weekend. Beloved theater actress and Chicago Fire cast member Molly Glynn died in the hospital on Saturday, the day after she was hit by a falling tree during a sudden thunderstorm, reports the... More  »

 
Passing Asteroid Tied to Blast in Nicaragua

Passing Asteroid Tied to Blast in Nicaragua

(Newser) - A house-sized asteroid nicknamed "Pitbull" came close to Earth over the weekend—and appears to have taken a bite out of Nicaragua. There was a mysterious blast in the capital, Managua, late Saturday night, and government scientists believe it's connected to asteroid 2014 RC, reports Reuters . The explosion... More  »

 
Palace: Kate Pregnant Again

Palace: Kate Pregnant Again

(Newser) - Get ready for another few months of royal baby fever: Buckingham Palace announced today that Prince William and the Duchess-formerly-known-as-Kate-Middleton are expecting their second child, CNN reports. Once again, the world has learned the news because Kate is extremely sick ; she's being treated for hyperemesis gravidarum at Kensington Palace... More  »

 
Prince William: It's Been a 'Tricky Few Days'

Prince William: It's Been a 'Tricky Few Days'

(Newser) - Prince William spoke to reporters about wife Kate's pregnancy today, saying it's been a "tricky few days" since she is, once again, suffering from what Kensington Palace calls "very acute morning sickness." Even so, the prince says, the pregnancy is "great news" and the... More  »

 
Chick-fil-A Founder Dies

Chick-fil-A Founder Dies

(Newser) - S. Truett Cathy, the billionaire founder of the privately held Chick-fil-A restaurant chain that famously closes on Sundays but also drew unwanted attention to gay marriage in recent years because of his family's conservative views , died early today, a company spokesman says. He was 93 and died at home... More  »

 

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STOCKS GO NOWHERE: Here's What You Need To Know

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Closing Bell
 

September 08, 2014

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Stocks were little changed on Monday in a session that saw little in the way of economic data, with the just the U.S. consumer credit report in the afternoon showing that credit balances expanded by more than economists expected.

First, the scoreboard:

  • Dow: 17,111.42, -25.9, (-0.2%)
  • S&P 500: 2,001.54, -6.2, (-0.3%)
  • Nasdaq: 4,592.29, +9.4, (0.2%)

And now, the top stories on Monday:

1. The latest report on consumer credit showed credit balances grew by $26 billion in July, more than the $17.35 billion was expected by economists. Following the report, Jesse Hurwitz at Barclays said, "The nonrevolving component, which we view as largely driven by increases in student loan debt in recent years, posted the largest monthly increase since July 2011.  While both revolving and nonrevolving credit growth have accelerated in recent months, we continue to look for nonrevolving credit to contribute the majority of overall gains."

2. Shares of Hertz finished Monday's session little changed after the company announced that its CEO, Mark Frissora, would resign for personal reasons. Frissora's resignation comes after a tough year for the rental car company, which announced on August 20 that it would review its financial results from 2011 through 2014, in addition to withdrawing its fiscal 2014 guidance and saying that its results would be "well below" previous expectations.

3. Analysts at Goldman Sachs wrote in a note to clients that in the wake of recent high-profile data breaches, internet security companies including FireEye, LifeLock, and Palo Alto Networks could be set to benefit from an increased focus on security by companies. Goldman's Matthew Niknam and Jamison Manwaring wrote that, "while difficult to quantify the direct impact of each event and how that may drive incremental revenue for security companies, we nonetheless expect the prevalence/prominence of breaches to benefit our stocks and support valuation, especially as this remains a top board-level issue."

4. Apple is expected to announce a new iPhone at an event on Tuesday, and ahead of this announcement, BI's Jay Yarow noted that historically, shares of Apple decline on the day of iPhone announcements then typically rise until the phone goes on sale, and then decline on the day sales begin. 

5. Deutsche Bank's David Bianco, who has been one of the biggest bears on Wall Street this year, flipped to being bullish, and raised his year-end S&P 500 target to 2,050 from a previous expectation of 1,850. 

6. A blog post from the Federal Reserve Bank of San Francisco on Monday noted the divergence between current FOMC expectations for the future path of interest rates and what the market expects. The Fed's Jen Christensen and James Kwan noted that, "the public might not give enough weight to how dependent the central bank's guidance is on both current and incoming data. Thus, the public could underestimate the conditionality and uncertainty of interest rate projections."

7. Alibaba kicked off its IPO roadshow on Monday, and released a series of videos outlining its pitch to investors. BI's Elena Holodny broke down the video into a slide deck that gives a broad overview of what Alibaba does, and gives you a sense of the company's massive scale. 

Don't Miss: A Wall Street Strategist Put Together An Awesome Presentation On Everything Going On In The Markets And The Economy Now »

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THE PROGRAMMATIC ADVERTISING REPORT: Real-Time Bidding Is Taking Over The Digital Ad Market

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Business Insider Select
 
September 08, 2014
 THE PROGRAMMATIC ADVERTISING REPORT: Real-Time Bidding Is Taking Over The Digital Ad Market THE PROGRAMMATIC ADVERTISING REPORT: Real-Time Bidding Is Taking Over The Digital Ad Market

 RTB will account for 33% and $18.2 billion of U.S. digital ad sales in 2018.
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'Leak,' The Website That Lets You Send Anonymous Emails With Clues Like 'From A Coworker,' Is Back Online
'Leak,' The Website That Lets You Send Anonymous Emails With Clues Like 'From A Coworker,' Is Back Online
Exactly one month after getting kicked off its own email server —twice...  Read»
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Ray Rice Cut By Ravens, Suspended Indefinitely By NFL
Ray Rice Cut By Ravens, Suspended Indefinitely By NFL
The Baltimore Ravens cut running back Ray Rice on Monday, hours after...  Read»
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Marcus Aurelius' 10 Rules For Being An Exceptional Leader
Marcus Aurelius' 10 Rules For Being An Exceptional Leader
The Roman emperor Marcus Aurelius ruled from 161 to 180 A.D. and has...  Read»
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This Smart Shoe Sole Will Keep You Warm During The Winter And Track Your Activity At The Same Time
According to Karim Oumnia, a longtime engineer for designer shoe...  Read»
Spotify Jumps Into Video Advertising With Two New Products
Music-streaming service Spotify stepped into the video ad game Monday...  Read»
The 10 Most Important Things In The World Right Now
Welcome back from the weekend! Here's what people will chatting about on...  Read»
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NFL: 'We Did Not See The Ray Rice Video Until Today'
NFL: 'We Did Not See The Ray Rice Video Until Today'
On Monday morning, TMZ released a disturbing video of Ray Rice knocking...  Read»
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REVIEW: The Moto 360 Is The Most Beautiful Smartwatch Yet, But That Doesn't Mean It's Perfect
REVIEW: The Moto 360 Is The Most Beautiful Smartwatch Yet, But That Doesn't Mean It's Perfect
Motorola just upped the standards for smartwatches. Until this point...  Read»
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It's All Riding On Battery Life For The Apple Smartwatch
It's All Riding On Battery Life For The Apple Smartwatch
Apple's iWatch could do five things or it could do 50 things. It...  Read»
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Men Earn More Money After Having A Kid, While Women Earn Less
Men Earn More Money After Having A Kid, While Women Earn Less
When American men have children, they're often rewarded with a...  Read»
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See Also
Wall Street CEO Gives His Senior Bankers 5 Steps To Making Life Better For Analysts
Wall Street CEO Gives His Senior Bankers 5 Steps To Making Life Better For Analysts
Jefferies CEO Rich Handler sent an open letter to his firm's...
  Read»  
20 Hard Lessons Everyone Should Learn In Their 20s
20 Hard Lessons Everyone Should Learn In Their 20s
Transitioning from a lifestyle without significant responsibilities into...
  Read»  
5 Things You Need To Know Before Scotland Votes On Whether To Leave The UK
5 Things You Need To Know Before Scotland Votes On Whether To Leave The UK
Can the No campaign prevent a break-up of the Union?
  Read»  
ESPN's Adam Schefter Rips The NFL In Passionate SportsCenter Segment About Ray Rice
ESPN's Adam Schefter Rips The NFL In Passionate SportsCenter Segment About Ray Rice
ESPN's top NFL reporter Adam Schefter went on SportsCenter Monday...
  Read»  


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