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Monday, December 29, 2014

Argentina President Adopts Jewish 'Werewolf' (Newser Happy Hour 6-pack)

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


Argentina President Adopts Jewish 'Werewolf'

Argentina President Adopts Jewish 'Werewolf'

(Newser) - Argentina's president has a new godson and the country remains safe from ravenous, flesh-eating mythical beings. According to folklore, a family's seventh son in a row turns into a werewolf-like creature called a "Lobizon" on his 13th birthday and feasts on the flesh of unbaptized babies and... More  »

 
Family of 10 Missed Doomed Flight by Minutes

Family of 10 Missed Doomed Flight by Minutes

(Newser) - Some 162 passengers and crew are missing and presumed lost on AirAsia Flight 8501 , but the total would be a lot higher if the airline hadn't changed the departure time to two hours earlier than originally scheduled. Christianawati was one of 10 members of an extended family—including her... More  »

 
First Bobcat in 100 Years Spotted on Georgia Island

First Bobcat in 100 Years Spotted on Georgia Island

(Newser) - Not long after authorities recommended hiring sharpshooters to thin out herds of white-tailed deer on Georgia's Jekyll Island, a more natural solution was spotted: Remote-sensing cameras set up to measure the deer population captured images of a lone bobcat, the first of its kind known to have been on... More  »

 
After Boy's Call, 4 Found Dead in Texas Home

After Boy's Call, 4 Found Dead in Texas Home

(Newser) - Police found two women, a man, and a girl younger than 16 dead in a small-town Texas home yesterday. They were responding after a 9-year-old boy called a relative, saying that a man at the house had attempted suicide, the Dallas Morning News reports. The dead appeared to have suffered... More  »

 
Official: AirAsia Jet 'Probably at Bottom of Sea'

Official: AirAsia Jet 'Probably at Bottom of Sea'

(Newser) - The search has resumed for missing AirAsia Flight 8501, but there appears to be no hope of anything but a tragic outcome. "Based on the coordinates given to us and evaluation that the estimated crash position is in the sea, the hypothesis is the plane is at the bottom... More  »

 
How Missing AirAsia Flight Differs From MH370

How Missing AirAsia Flight Differs From MH370

(Newser) - The disappearance of another jet in Southeast Asia while the fate of Malaysia Airlines Flight 370 remains a mystery comes as a shock to the aviation world, but experts stress that the two cases are very different. The New York Times runs through some of the differences with AirAsia Flight... More  »

 

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S&P 500 HITS ALL-TIME HIGH: Here's What You Need To Know

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December 29, 2014

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The major stock indexes went nowhere on Monday as the markets are still quiet between last week's Christmas holiday and this week's New Year's holiday that will again see US markets close on Thursday. But despite little change in the averages, by virtue of a positive close the S&P 500 made another all-time high. 

First, the scoreboard:

  • Dow: 18,038.2, -15.5, (-0.1%)
  • S&P 500: 2,090.6, +1.8, (+0.1%)
  • Nasdaq: 4,806.9, +0.05, (0%)

And now, the top stories on Monday:

1. Oil crashed again. On Monday, West Texas Intermediate crude oil fell briefly below $53 a barrel, the lowest since May 2009. WTI crude was near $105 a barrel in June, and has now lost almost 50% of its value. Also in oil news, the number of US oil and gas rigs in operation fell again, declining by 35 last week according to the latest data from oil driller Baker Hughes. With this decline, the number of US oil and gas rigs in operation is down to 1,840 from 1,920 earlier this month. 

2. The latest manufacturing report from the Dallas Federal Reserve missed expectations, with the report's composite index coming in at 4.1 against expectations for a reading of 9. This was also lower than November's 10.5 reading. The report showed that business leaders in Texas across a range of industries are concerned about the declining price of oil, with one executive in the metal products manufacturing sector telling the Dallas Fed the drop in oil prices was "going to make thing ugly ... quickly."

3. The Russian ruble collapsed again, falling 9% against the US dollar on Monday alone. One dollar currently buys you around 58.5 rubles, and at the start of the day Monday, one dollar was worth around 53.5 rubles. This latest leg lower in the currency, which has been one of the worst performing currencies in the world this year, follows an announcement from Russia's Economy Ministry that GDP contracted 0.5% from a year earlier. 

4. The Greek stock market had a wild day, falling as much as 11% before closing down around 4% after the final round of parliamentary presidential elections failed to pick a winner. For the third time this month, Greece's parliament failed to secure 180 votes in favor of any one presidential candidate, forcing a snap election which will be held in January. Business Insider's Mike Bird has the full breakdown here

5. Burger chain Shake Shack formally filed for its IPO, revealing that for the first nine months of this year revenue totaled $83.8 million on same-shack-sales that are up 3% year-to-date. Shake Shack also earned $5.4 million in net income in 2013, as revenue has growth from just $19.5 million in 2010 and the number of locations has risen from 7 to 63 over that period. To see Shake Shack's growth, these are the two charts to note

Don't Miss: David Tepper Thinks 2015 Will Be A Good Year For Stocks »

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THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem

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December 29, 2014
THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem

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Hey Uber, Here's A Solution To Your Surge Price Woes That Could Make You A Ton Of Money
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Despite Their 'Rapprochement,' Qatar And Egypt Are Still Bitter Rivals
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See Also
6 Strategies To Boost Your Income In A Big Way
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Budgets and penny-pinching are all well and good, but if you're looking...
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