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Thursday, December 18, 2014

Daily Alert: Media

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December 18, 2014
1-Year-Old Startup Bustle Hits 20 Million Uniques And Raises $15.5 Million: 'It's Been A Watershed Year For Digital Media' 1-Year-Old Startup Bustle Hits 20 Million Uniques And Raises $15.5 Million: 'It's Been A Watershed Year For Digital Media'
by Alyson Shontell on Dec 18, 2014, 12:02 PM
Bryan Goldberg and Kate Ward's one-year-old...


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Tire Swing Slams Into Man's Face, Kills Him (Newser Happy Hour 6-pack)

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


Tire Swing Slams Into Man's Face, Kills Him

Tire Swing Slams Into Man's Face, Kills Him

(Newser) - It was supposed to be a fun day at a New York City playground for Aleim Perkins and his 6-year-old niece, Leela. But their together time ended in tragedy Monday afternoon when the 39-year-old pushed an empty tire swing and it came flying back at him, smashing into his face... More  »

 
Woman Who Fatally Stopped for Ducks Gets Jail

Woman Who Fatally Stopped for Ducks Gets Jail

(Newser) - A Canadian woman who stopped her car on a highway in 2010 to assist ducklings was sentenced to jail time today, some four years after a father and daughter crashed into her vehicle and died. Convicted of two counts of criminal negligence causing death and two counts of dangerous driving... More  »

 
How the US Could Respond to North Korea

How the US Could Respond to North Korea

(Newser) - With the US now apparently sure that North Korea was behind the massive cyberattack on Sony Pictures that forced the studio to cancel the release of The Interview , pretty much everybody involved is in uncharted territory and it's far from clear what the next step from the US will... More  »

 
America's Only 'Art Cop' Just Cracked a Big Case

America's Only 'Art Cop' Just Cracked a Big Case

(Newser) - One of the biggest art heists in Los Angeles history has been cracked by the country's only full-time art cop. Nine paintings stolen from a wealthy real-estate investor's home in 2008, including works by Marc Chagall and Diego Rivera, were recovered after Detective Donald Hrycyk got a tip... More  »

 
Texas Plumber's Truck Ends Up With Syria Fighters

Texas Plumber's Truck Ends Up With Syria Fighters

(Newser) - Texas plumber Jeff Oberholtzer has some important advice for business owners: Take company logos off your vehicles before they're traded in. He didn't, and now a Ford F-250 pickup truck he traded in at a dealership in Houston last year has ended up in the hands of Islamic... More  »

 
World Traveler Finds His 'Elizabeth Gallagher'

World Traveler Finds His 'Elizabeth Gallagher'

(Newser) - If these two end up falling in love, you just know a rom-com is coming: Jordan Axani, 28, has successfully located a woman with the same name as his ex-girlfriend to take a trip around the world. Axani began his quest last month on Reddit , explaining that he needed to... More  »

 

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STOCKS HAVE ANOTHER MONSTER DAY: Here's What You Need To Know

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December 18, 2014

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For the second day in a row, stocks had their best day of the year. After a huge rally on Wednesday, stocks topped these gains on Thursday, with the Dow gaining more than 400 points and all of the major equity indexes adding more than 2.2%. This was the biggest two-day rally for stocks since 2011 and the biggest one day gain for the S&P 500 since January 2013. On a percentage basis, the Dow logged its biggest one-day gain since 2011. 

First, the scoreboard:

  • Dow: 17,778.1, +421.3, (+2.4%)
  • S&P 500: 2,061.2, +48.3, (+2.4%)
  • Nasdaq: 4,748.4, +104.1, (+2.2%)

And now, the top stories on Thursday:

1. Crude oil fell again. For the second day in a row, crude oil futures staged rallies that were quickly reversed. On Thursday, West Texas Intermediate crude futures rose to as much as $59 a barrel before falling all the way back towards $54, eventually settling at right around $55 a barrel. 

2. The market was still digesting the Federal Reserve's latest policy statement released on Wednesday, particularly the change in the Fed's language. On Wednesday, the Fed dropped the phrase "considerable time" from its forward guidance, opting to say that the Fed would remain "patient" in beginning its cycle to raise interest rates. In a note to clients following the report, Bank of America Merrill Lynch outlined some of the points from Wednesday's commentary out of the Fed. The big takeaway? The Fed is going to raise rates next year. 

3. In an afternoon email, the New York Stock Exchange's Rich Barry said the Santa Claus rally is back on. "Janet Yellen, escorted by Santa on his sleigh, made the declaration that the Santa Claus Rally is set to begin. For a little historical perspective, since 1969, the S&P 500 has averaged a 1.5% gain during the last five trading days of the year and first two sessions of the New Year, according to Stock Trader's Almanac. We have just three words to describe how we think the market will close out 2014: Ho! Ho! Ho!"

4. Russian President Vladimir Putin held a three-hour press conference on Thursday, speaking on Russia's economy and the recent collapse of the Russian ruble. Some of the highlights from Business Insider's Pamela Engel include Putin's insistence that Russia would dig out of its economic crisis in two years, Putin's refusal to call the ruble's collapse a crisis, and Putin comparing the Russian invasion of Crimea to taking Texas from Mexico. 

5. A report from Bloomberg on Thursday, however, made clear that for Russia's richest citizens, the recent economic downturn has been a disaster: in just the last year, the 20 richest Russians have lost a combined $62 billion in net worth.

6. We got labor market data this morning from the weekly report on initial jobless claims, which fell to 289,000 from 295,000 last week, while the four-week moving average of claims declined from last week. In a note to clients following the report, Ian Shepherdson at Pantheon Macro said that assuming the hiring side of the payroll equation remains strong, the trend in claims indicates payroll growth remains strong. 

7. The December manufacturing report from the Philadelphia Federal Reserve missed expectations and was sharply lower from November's reading, though economists called last month's number "mind-boggling." The report still showed that businesses surveyed remained optimistic on their outlook for the next six months.

8. Activity in the US service sector slowed to 53.6 from 56.2 last month, the weakest headline reading since October 2013, but still indicating growth in the service sector. Markit's Chris Williamson said following the report that, "The slowdown is linked to weaker growth of new business as customers becoming increasingly worried about the economic outlook both at home and abroad, with the prospect of higher interest rates cooling demand alongside side rising global geopolitical concerns."

Don't Miss: Saudi Arabia Can't Afford To Have Oil Prices This Low For Very Long »

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Here's What I'm Doing So My Debit And Credit Cards Aren't Stolen ... Again

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Business Insider Select
 
December 18, 2014
Here's What I'm Doing So My Debit And Credit Cards Aren't Stolen ... Again Here's What I'm Doing So My Debit And Credit Cards Aren't Stolen ... Again

About a month ago, I got a call from Discover about an attempted...
Read»
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People Who Worry All The Time Have Something Else Going For Them...
People Who Worry All The Time Have Something Else Going For Them...
We usually see worry as a bad thing. It feels unpleasant, like a snake...  Read»
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Fitbit's Newest Fitness Tracker Is Great For The Price, But You Probably Shouldn't Buy It
Fitbit's Newest Fitness Tracker Is Great For The Price, But You Probably Shouldn't Buy It
Fitbit found itself in an ugly situation last February. The company...  Read»
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Here's How 'The Hobbit' Dragon Looks Without Visual Effects
Here's How 'The Hobbit' Dragon Looks Without Visual Effects
Benedict Cumberbatch seriously got into his role for "The Hobbit" films...  Read»
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The 18 Best Free Online Business Courses Starting In January
LinkedIn Influencer John A. Byrne published this post...  Read»
A Man Who Lost Both Arms 40 Years Ago Is Making History As The First Person With Two Mind-Controlled Robotic Arms
Les Baugh lost both his arms in an electrical accident 40 years ago. But...  Read»
Peter Thiel's 3 Keys For Building A Successful Startup
VIDEO: Here are the three major tactics venture capitalist Peter Thiel advises startups apply to their business model.   Read»
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The Army Is Launching A Pair Of Billion-Dollar Surveillance Blimps Over I-95
The Army Is Launching A Pair Of Billion-Dollar Surveillance Blimps Over I-95
Next week, residents in the Baltimore area will wake up to a major...  Read»
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Look What Happened To Rupert Murdoch's Face When He Went Indoor Skydiving
Look What Happened To Rupert Murdoch's Face When He Went Indoor Skydiving
Looks fun!  Read»
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It Only Takes 30 Minutes A Day To Create A Powerful Network
It Only Takes 30 Minutes A Day To Create A Powerful Network
Wealthy, successful people are very particular about who they associate...  Read»
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After Raising $35 Million In 7 Months, And Reaching A $100 Million Valuation, Gossip App Secret Starts Over
After Raising $35 Million In 7 Months, And Reaching A $100 Million Valuation, Gossip App Secret Starts Over
Secret has only been out for ten months, but it's already starting over...  Read»
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See Also
YouTube CEO Susan Wojcicki Explains Why Everyone Should Get Paid Maternity Leave
YouTube CEO Susan Wojcicki Explains Why Everyone Should Get Paid Maternity Leave
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End Every Job Interview With These 5 Questions
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China Just Tested A Long-Range Ballistic Missile That Can Carry Multiple Warheads
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China carried out a long-range missile flight test on Saturday using...
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Dick Cheney Had A Much Different Take On The US And Torture In 1992
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The day before the Senate Intelligence Committee's recent publication of...
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