Saudi Arabia is opening its $530 billion stock market to foreign investors for the first time in a move meant to shift its economy away from dependence on oil revenue. News of this expansion, slated for the first half of 2015, sparked a nearly 3% uptick in the Tadawul at close yesterday.
Could you walk away from a job that paid more than half a million a year? That’s what Kathryn Cicoletti did when she created MakinSense Babe, a video-driven site that translates financial news and investment advice into language that everyone can understand. Described by Forbes as “The Daily Show, but swap out Jon Stewart for an attractive blonde using clever analogies and wry wit to simplify financial topics,” Cicoletti’s videos skewer the mainstream financial industry, while making savvy investors of her subscribers.
"I spent a lot of time looking at the landscape to see what is out there and what other people were doing. I wanted to be sure that I was coming at finance and money topics from a different angle. I love the idea of taking things that are generally boring—sorry, finance is really boring, let’s be honest—and making them entertaining.”
You’d think something as universal as money would be hassle-free to use. But with banks and card networks acting as invisible middlemen and imposing sizable exchange fees, some companies are creating radical new approaches to move cash from one place to another. Read more>
“Stay away from it.”
Bubble? What bubble? Today’s infographic on Co.Design says there’s no tech bubble here!
Also, don’t miss our Editor’s thoughts on The B Word!