business news

BANK OF AMERICA: A small group of oil traders could come out of hibernation to catch the rest of the market off-guard

Strategists at Bank of America Merrill Lynch have identified some reasons why oil-market bears could soon “wake up from winter hibernation.”  Oil traders’ bullish price bets relative to bearish bets are near a record high.  “If they do, WTI crude oil prices could lose $5/bbl within just a few weeks,” the …


THE BLOCKCHAIN IN THE IoT REPORT: How distributed ledgers enhance the IoT through better visibility and create trust

BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Blockchain isn’t just for bankers anymore. Most of the buzz around the distributed ledger has focused on its uses in finance, where it originated. But …

business news

A throwaway comment in a conversation with Richard Branson hints at the future of Goldman Sachs (GS)

On Monday, Goldman Sachs announced that co-COO Harvey Schwartz would retire, setting the stage for David Solomon, his counterpart, to succeed Lloyd Blankfein as CEO. Reports suggest the transfer of power could come as soon as the end of this year. The position of Solomon, an unconventional Wall Street figure, …


Vladimir Putin’s hard-core daily routine includes hours of swimming, late nights, and no alcohol

Dmitry Astakhov/RIA Novosti Russian Government/AP • Vladimir Putin — who is expected to win his fourth presidential term in Russia’s upcoming spring election — sticks to a standard daily schedule. • As president of Russia, Putin has overseen the country’s slide back into authoritarianism, according to the Economist’s Democracy Index. …


Adrian Lamo, hacker who turned in Chelsea Manning, dies aged 37

Adrian Lamo, picture in Long Island, met Manning online in 2010 and eventually reported her to authorities. Adrian Lamo, the computer hacker who turned in whistleblower Chelsea Manning to law enforcement, has died at the age of 37, according to authorities in Kansas.