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Thursday, October 30, 2014

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October 30, 2014
Watch Reporters Mob The Maine 'Ebola Nurse' On Her Bike Ride Watch Reporters Mob The Maine 'Ebola Nurse' On Her Bike Ride
by Colin Campbell on Oct 30, 2014, 10:52 AM
A paparazzi-like crew of reporters didn't show...


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STOCKS RALLY, GOLD TUMBLES: Here's What You Need To Know

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October 30, 2014

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The stock market extended its rebound back toward all-time highs.

First, the scoreboard:

  • Dow: 17,195.4, +221.1, (+1.3%)
  • S&P 500: 1,994.6, +12.3, (+0.6%)
  • Nasdaq: 4,566, +16.9, (+0.3%)

And now, the top stories on Wednesday:

1. The Dow far outpaced the rest of the market because of Visa, which surged 10% after its better-than-expected earnings announcement. Because it's a price-weighted index, the 21-point rally in Visa is adding a full 134 points to the Dow. (Currently, a 1-point move in the Dow translates to a 6.42195-point move in the Dow.)

2. US GDP grew at a 3.5% pace in Q3, beating expectations for 3% growth. Personal consumption climbed 1.8%, a bit lighter than the 1.9% expected. Real final sales (GDP less the change in private inventories) jumped 4.2%, up from 3.2% in Q2.

3. Notably, government spending jumped 4.6%, adding 0.83 percentage points to the GDP growth rate. "After being such a massive drag on the economy in recent years, the public sector is now a big positive," Capital Economics' Paul Ashworth said.

4. Different economists were surprised by different components of the GDP report. "The big upside surprise in the data is the residential investment component, where the 1.8% increase is impossible to square with the monthly construction data — we expected a 10% drop — and a downward revision in due course is a decent bet," Pantheon Macroeconomics' Ian Shepherdson noted.

5. Initial jobless claims climbed to 287,000 from 284,000 a week ago. This was a bit higher than the 285,000 expected. The four-week moving average sat at 281,000, the lowest level since 2000. "Looking past weekly volatility, trend initial jobless claims remain at extremely low levels and are consistent with our outlook for further improvement in labor markets," Barclays' Jesse Hurwitz said.

6. Gold fell below $1,200 again for the first time in a month. The yellow metal fell from around $1,215 to as low as $1,196.

Don't Miss: WALL STREET'S BRIGHTEST REVEAL THE MOST IMPORTANT CHARTS IN THE WORLD »

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Cops: Utah Family's Bodies Were Posed After Death (Newser Happy Hour 6-pack)

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


Cops: Utah Family's Bodies Were Posed After Death

Cops: Utah Family's Bodies Were Posed After Death

(Newser) - Police believe the deaths of five members of a Utah family last month were "not accidental or natural in any way," according to newly released documents. Benjamin and Kristi Strack, their sons Benson, 14, and Zion, 11, and their 12-year-old daughter Emery were found dead in their Springville... More  »

 
11 Arrested After 'Corpse Bride' Is Dug Up

11 Arrested After 'Corpse Bride' Is Dug Up

(Newser) - It sounds like a Tim Burton film, but the reality is much creepier: Chinese police have arrested 11 people in the country's east who are accused of playing a role in a "ghost marriage." In the ancient custom, a man who dies single is laid to rest... More  »

 
Brittany Maynard May Choose Not to Die Saturday

Brittany Maynard May Choose Not to Die Saturday

(Newser) - When Sunday rolls around, Brittany Maynard could still be alive. The terminally ill 29-year-old, who has grabbed headlines in the last month over her decision to take medication to end her life on Saturday, has released a new six-minute video that explains she still plans to do so—but indicates... More  »

 
Maine Nurse Goes for a Bike Ride, Cops Follow

Maine Nurse Goes for a Bike Ride, Cops Follow

(Newser) - Kaci Hickox went on a bike ride today, hours after saying she's going to fight the stigma on medical professionals who've treated Ebola patients and not let politicians bully her. With a showdown looming over her potential forced quarantine in Maine, the nurse emerged from her home to... More  »

 
Man Who Killed bin Laden to Reveal His Identity

Man Who Killed bin Laden to Reveal His Identity

(Newser) - The Navy SEAL who shot Osama bin Laden dead in a 2011 raid is planning to reveal his identity to the world—starting with Fox News. The man known as "The Shooter" will be interviewed by the network for a two-part special airing on Nov. 11 and 12 called... More  »

 
Women Claim CBC Host Used Teddy Bear in Assault

Women Claim CBC Host Used Teddy Bear in Assault

(Newser) - The allegations against former CBC host Jian Ghomeshi are building, in number and in detail. The Toronto Star reports it has now spoken to eight women who say Ghomeshi abused or sexually harassed them over a period running from 2002 to the present. Among the more bizarre allegations: Two women... More  »

 

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Smartwatches Are The Breakout Category That Will Finally Ignite The Wearable Computing Market

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Business Insider Select
 
October 30, 2014
Smartwatches Are The Breakout Category That Will Finally Ignite The Wearable Computing Market Smartwatches Are The Breakout Category That Will Finally Ignite The Wearable Computing Market

Smartwatches will dominate the market. 
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Mobile Advertising Is Exploding And Will Grow Much Faster Than All Other Digital Ad Categories
Mobile Advertising Is Exploding And Will Grow Much Faster Than All Other Digital Ad Categories
An in-depth look at the ins and outs of the mobile advertising market.    Read»
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THE BEACONS FAQ: Everything You Need To Know About Beacons And Apple's iBeacon System
THE BEACONS FAQ: Everything You Need To Know About Beacons And Apple's iBeacon System
Answers to the most frequently asked questions about beacons.   Read»
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CONFIRMED: Yahoo Has Poached Top Amazon Exec Lisa Utzschneider
CONFIRMED: Yahoo Has Poached Top Amazon Exec Lisa Utzschneider
Amazon Media's VP of global sales Lisa Utzschneider is leaving the company, AdAge reports.  Read»
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The Main Difference Between Google's Rising Star Sundar Pichai And CEO Larry Page, Summed Up In One Paragraph
Google's Sundar Pichai, who was previously tasked with overseeing the...  Read»
Here's A First Look At The Futuristic Sports League Made Up Of Giant, Fighting Robots
Earlier this month, MegaBots, Inc. spoke exclusively to Business Insider...  Read»
STOCKS ARE SURGING
Markets are rallying. The S&P 500 is at 1,998, up 16 points (0.8%)...  Read»
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H​ow To Make Any Job Look Remarkable On A Résumé
H​ow To Make Any Job Look Remarkable On A Résumé
If Jesse Moore and Monet Eliastam told you they were "interns,"...  Read»
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The US Is Hammering ISIS Near Kobane
The US Is Hammering ISIS Near Kobane
The Syrian border city of Kobane has been under siege from ISIS for...  Read»
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5 Ways America Is Failing Millennials
5 Ways America Is Failing Millennials
If you're between 18 and 34 years old, you should be getting...  Read»
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10 Things In Advertising You Need To Know Today
10 Things In Advertising You Need To Know Today
From Apple becoming an e-commerce giant to consumers hating on McDonald's new brand slogan.  Read»
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See Also
There's A New App Called 'Samantha' That Only Lets You Text A Real Woman Named Samantha
There's A New App Called 'Samantha' That Only Lets You Text A Real Woman Named Samantha
"Samantha is a real girl who lives in Brooklyn. She's old enough to...
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Lysol Bought The Top Google Search Ad For The Word 'Ebola,' And Then Changed Its Mind
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Reckitt Benckiser's detergent brand Lysol appears to have aborted a Google ad campaign that was piggybacking on the interest around Ebola.
  Read»  
Free Streaming Site Sues Ad Verification Service For Allegedly Cutting Off Millions In Revenue, Calls Them 'D-Bags'
Free Streaming Site Sues Ad Verification Service For Allegedly Cutting Off Millions In Revenue, Calls Them 'D-Bags'
FilmOn has filed a lawsuit against online ad verification company DoubleVerify, claiming the service is 'willfully misclassifying' the site as infringing copyright.
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The 10 Most Important Things In The World Right Now
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Good morning! Here's what you need to know for Thursday. 1. The World...
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