RefBan

Referral Banners

Yashi

Wednesday, December 3, 2014

Daily Alert: Media

Your Message Subject or Title
  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
 
 
December 03, 2014
Young People Don't Care About Newspapers, Old People Don't Care About Smartphones Young People Don't Care About Newspapers, Old People Don't Care About Smartphones
by Dave Smith on Dec 3, 2014, 5:25 PM
Kicking off Business Insider's Ignition event...


Share this:

Facebook Share Twitter Share Email Share
Email sent to: dwyld.kwu.2wm8d4lq0e7c@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

STOCKS HIT ALL-TIME HIGHS: Here's What You Need To Know

MANAGE SUBSCRIPTIONS  |  UNSUBSCRIBE  |  VIEW ONLINE

December 03, 2014

Advertisement

Stocks hit all-time highs again on Wednesday, with the Dow hitting a new record for the second day in a row and the benchmark S&P 500 joining the blue chip index at a new record.

First, the scoreboard:

  • Dow: 17,912.6, +33, (+0.2%)
  • S&P 500: 2,074.3, +7.8, (+0.4%)
  • Nasdaq: 4,774.5, +18.6, (+0.4%)

And now, the top stories on Wednesday:

1. On Wednesday, the Federal Reserve released its latest Beige Book report, an anecdotal survey of economic activity across the Fed's 12 districts which showed that an expansion of economic activity and employment gains are widespread across the Fed's districts. The report also showed that consumer spending advanced across many districts, aided by lower gasoline prices, with wage and inflation growth remaining subdued. 

2. The Beige Book also contained commentary from professionals in the oil & gas industry, with the overall takeaway from the Beige Book being that while we haven't seen changes in behavior from these companies yet, everyone has noted the decline in oil prices. Growth in drilling activity was seen in Texas' Permian Basin, and while outlooks for next year were still positive, they were less optimistic than the prior report. 

3. And despite the decline in oil prices, North Dakota governor Jack Dalrymple on Wednesday proposed a two-year state budget that forecasts rebounding oil prices and a 23% jump in oil taxes. Dalrymple's plan expects daily oil production to rise 15% by June 2017. West Texas Intermediate crude prices settled near $67.30 on Wednesday.

4. Wall Street strategists continue to publish their outlooks for 2015, with BMO Capital's Brian Belski putting a year-end price target on the S&P 500 of 2,250, an 8.5% advance from current levels. Belski expects corporates to spend less on share buybacks and more investing in their businesses, which are dealing with equipment that is as old as its been in decades. 

5. On Thursday, the European Central Bank is set to announce its latest monetary policy decision, and as has been the case over the last several months, the real focus will be on ECB president Mario Draghi's press conference following the decision. During Draghi's press conference, the market will look for any clues regarding the ECB's intention to expand its current asset purchase program or embark on a full quantitative easing program involving the purchase of corporate bonds, as some in the market expect the ECB to eventually undertake. 

6. Friday morning will see the release of the November jobs report, and ahead of that report we got the latest private payrolls report from ADP, which showed payrolls jumped by 208,000 in November, less than the 222,000 that was expected by economists. ADP CEO Carlos Rodriguez said that, "Small businesses continued to drive job gains adding almost half the total for the month." Mark Zandi, chief economist at Moody's Analytics said that at the current pace of job gains, the unemployment rate will drop by 0.5% per year.

7. We got two pieces of service sector activity on Wednesday, with Markit's latest services PMI coming in at 56.2, showing that activity in the service sector expanded at its slowest pace since the spring. The Institute of Supply Management's latest service sector reading, by contrast, came in at 59.3, far better than what was expected by economists. But in a note to clients, Ian Shepherdson at Pantheon Macro said that the seasonal adjustment used by ISM is flattering the reading.

Don't Miss: Investor Asks Jim Cramer: 'When You Lie Upon Your Deathbed, How Will You Reflect Upon Your Legacy?' »

Share this:

Facebook Share Twitter Share Email Share
Email sent to: dwyld.kwu.2wm8d4lq0e7c@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

150 Fifth Avenue, 8th Floor New York, NY 10011
Sailthru

American Mom Stabbed to Death in Abu Dhabi Mall (Newser Happy Hour 6-pack)

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


American Mom Stabbed to Death in Abu Dhabi Mall

American Mom Stabbed to Death in Abu Dhabi Mall

(Newser) - Police in Abu Dhabi are searching for a suspect who killed an American woman in an upscale mall, but they don't have much to go on: The black-clad person captured on security footage had his or her face covered with a niqab. Police say the 37-year-old woman, a kindergarten... More  »

 
Medieval Palace May Be Buried Underground

Medieval Palace May Be Buried Underground

(Newser) - A prehistoric fortress is home to a much later structure: what may be one of the biggest medieval palaces ever discovered, one whose remnants remain buried beneath the ground, the Independent reports. The site in southern England is surrounded by huge earthworks that date to the Iron Age. Researchers used... More  »

 
Hawking: Artificial Intelligence Could Doom Us All

Hawking: Artificial Intelligence Could Doom Us All

(Newser) - Add artificial intelligence to aliens and the Higgs boson on the list of things Stephen Hawking thinks could wipe out the human race. "The development of full artificial intelligence could spell the end of the human race," he told a BBC interviewer yesterday while discussing his communication software'... More  »

 
Family Lived With Corpse, Prayed for Resurrection

Family Lived With Corpse, Prayed for Resurrection

(Newser) - "There clearly was an over-exuberance of one's faith" in a Canadian woman who lived with her husband's corpse for six months while she and five of their children prayed for his resurrection, a court heard this week. Kaling Wald's husband, Peter, is believed to have died... More  »

 
Our Tally of People Killed by Police Is Way Off

Our Tally of People Killed by Police Is Way Off

(Newser) - A timely investigation by the Wall Street Journal opens with a sobering conclusion: "It is nearly impossible to determine how many people are killed by the police each year." That after the paper zeroed in on America's 105 biggest police departments, which handed over internal data on... More  »

 
CDC: Male Circumcision Worth the Risks

CDC: Male Circumcision Worth the Risks

(Newser) - To snip or not to snip? Male circumcision carries "low" risks but has "dramatic" benefits, according to draft guidelines released by the CDC yesterday. The long-awaited guidelines say that the procedure can greatly reduce the risk of HIV and other sexually transmitted diseases for heterosexual men, reports Reuters... More  »

 

Become a fan of Newser on FacebookFollow Newser on TwitterStumble Newser on StumbleUpon

Unsubscribe or change your alert settings.

Newser, LLC
1395 Brickell Avenue
Suite 800
Miami, Florida 33131

Suggestions and feedback are welcome at feedback@newser.com

Jeff Bezos Explains What Happened To The Fire Phone

Your Message Subject or Title

  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
Business Insider Select
 
December 03, 2014
Jeff Bezos Explains What Happened To The Fire Phone Jeff Bezos Explains What Happened To The Fire Phone

VIDEO: Amazon CEO Jeff Bezos explains why it's too early to call Amazon's Fire Phone a failure. Read »
Share this story: Facebook Share Twitter Share Email Share
13 Things You Didn't Know Your iPhone 6 Could Do
13 Things You Didn't Know Your iPhone 6 Could Do
VIDEO: Take a look at these cool features hidden in the iPhone 6 (and 6 Plus).  Read »
Share this story: Facebook Share Twitter Share Email Share
LYFT COFOUNDER: Uber's Plan To Mess With Our Funding Didn't Work
LYFT COFOUNDER: Uber's Plan To Mess With Our Funding Didn't Work
In a recent Vanity Fair profile of Uber, CEO Travis Kalanick talked...  Read »
Share this story: Facebook Share Twitter Share Email Share
LOWE'S EXEC: Here's The Real Reason People Will Start Caring About Smart Home Gadgets
LOWE'S EXEC: Here's The Real Reason People Will Start Caring About Smart Home Gadgets
From thermostats that can automatically adjust the temperature in your...  Read »
Share this story: Facebook Share Twitter Share Email Share

The future of digital will soon be the present. Get ahead of the game at IGNITION, where industry pioneers will offer you an outlook on what's next in tech and media. You'll hear great speakers, network, and update your playbook. Join Business Insider at IGNITION: Future Of Digital, December 1-3 in New York City.


Kevin Love Explains The Art Of Throwing A Perfect Outlet Pass To LeBron James
Kevin Love Explains The Art Of Throwing A Perfect Outlet Pass To LeBron James
In addition to being a top scorer, shooter, and rebounder, Kevin Love is...  Read »
Share this story: Facebook Share Twitter Share Email Share
10 Of The Most Counterintuitive Psychology Findings Ever Published
10 Of The Most Counterintuitive Psychology Findings Ever Published
One of the most annoying things you can say to a psychologist is: "Isn't...  Read »
Share this story: Facebook Share Twitter Share Email Share
How The US Could Pretty Much Eliminate Carbon Dioxide Pollution
How The US Could Pretty Much Eliminate Carbon Dioxide Pollution
A common refrain heard from boosters of the fossil fuel industry...  Read »
Share this story: Facebook Share Twitter Share Email Share
See Also
Here Are The Four Key Elements That Will Make The 'Internet Of Things' An Absolutely Massive Market
Here Are The Four Key Elements That Will Make The 'Internet Of Things' An Absolutely Massive Market
Costs are coming down and use of smartphones and tablets is going up.
  Read »  
YACHT OF THE WEEK: An Italian Opera Legend Owns This 'Mini' Superyacht
YACHT OF THE WEEK: An Italian Opera Legend Owns This 'Mini' Superyacht
Gamma Yachts builds its most customised Gamma 20 with smart design from...
  Read »  
The World's Most Popular Gun Is Getting A Fashion Line
The World's Most Popular Gun Is Getting A Fashion Line
There are already upwards of 70 million AK-47s in circulation worldwide...
  Read »  
Here's How Jimmy Iovine Convinced Apple To Buy Beats
Here's How Jimmy Iovine Convinced Apple To Buy Beats
We now know how Beats cofounder Jimmy Iovine convinced Apple to buy the...
  Read »  


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share


Share: Facebook Share Twitter Share Email Share
Share this:

Facebook Share Twitter Share Email Share
Email sent to: dwyld.kwu.2wm8d4lq0e7c@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

Yashi

Chitika