Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get this newsletter delivered straight to your inbox.  The S&P 500 is up 9% so far this year, and it would like to thank its most trusted allies: high-flying tech stocks. But the benchmark’s reliance […]

Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get this newsletter delivered straight to your inbox.  Wow. Amazon is buying Whole Foods. The online giant said Friday it was buying the high-end grocer for $ 42 a share in an all-cash deal, valuing […]

Reuters/Yuri Gripas Bank of England Governor Mark Carney speaks at 2017 Institute of International Finance (IIF) policy summit in Washington, U.S., April 20, 2017. LONDON — The Bank of England will on Thursday announce the decisions made at the June meeting of its Monetary Policy Committee, and it is likely to be a pretty straightforward, […]

Jack Taylor/Getty Images Good morning! Here’s what you need to know.  1. The European Union plans to give itself powers to move euro clearing business away from London’s financial sector to the EU after Brexit and adopt a model closer to that operated by the United States, Reuters reported. The draft law would force euro-denominated clearing business to […]

AP Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Retail bank branches remain stubbornly relevant, despite an onslaught of digital and tech innovations. But bank tellers’ days in those branches could be numbered. The largest banks in the US have been investing millions in updating the capabilities […]

A wave of new preventive migraine medications are on the horizon.  The migraine market is huge. An estimated 38 million Americans have migraines — and Dr. Eric Pearlman, a medical fellow at Lilly, one of the companies developing these treatments, told Business Insider that about 15 million of those migraine sufferers would be eligible for preventive treatment.  Migraines are a chronic […]

Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours.  Few areas of the US market performed better than small-cap stocks following the presidential election. But hedge funds are betting the group’s best days are finished. The Russell 2000 has surged by 17% since Donald Trump’s victory — handily outpacing the […]

Reuters / Peter Nicholls Good morning! Here’s what you need to know.  1. US President Donald Trump pressed his controversial travel ban plans, calling for an expedited judicial review and urging his administration to seek a tougher version of the proposal. “The Justice Dept. should have stayed with the original Travel Ban, not the watered down, politically […]

Sputnik/Aleksey Nikolskyi/Kremlin Russian President Vladimir Putin gestures during an interview with French daily newspaper Le Figaro in Paris, France May 29, 2017. Picture taken May 29, 2017. Good morning! Here’s what you need to know in markets on Thursday. 1. President Donald Trump has decided to take the US out of the Paris climate accord, […]

Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. A hedge fund led by an investing legend expects “all hell to break loose.” Billionaire Paul Singer’s Elliott Management, which raised $ 5 billion in less than 24 hours earlier this month, says it has been building up its […]