Markets
Tech 2019-11-12T00:42:18Z
Stoke CEO and cofounder Shahar Erez

2 months after Israeli startup Stoke was founded, it raised $4.5 million. Here's the pitch deck it used.

Stoke Talent has developed a human-resources software system designed to help companies manage their freelance work forces.
Markets 2019-11-11T20:51:39Z
saudi aramco

Saudi Aramco’s record-shattering IPO is on the horizon. Here are 6 of the biggest risks the company sees moving forward.

Aramco's prospectus will be used to market shares before individual investors begin bidding on the stock on November 17.
Strategy 2019-11-11T20:38:38Z
china tariffs wide

Trump hasn't ruled out plans to slap more tariffs on China next month — these maps show which states could be hit the hardest

Regions of the country with strong trans-Pacific ties are poised to be hit particularly hard by the escalation and likely retaliatory measures.
Markets 2019-11-11T20:32:04Z

Inside a 'historic day' at the Middle East's biggest oil and gas conference, where all the world's top energy CEOs gathered to sign a deal that could permanently change the industry

The biggest names in the energy industry descended upon the annual ADIPEC conference in Abu Dhabi to celebrate a transformative crude-oil agreement.
Markets 2019-11-11T20:24:44Z

Tesla's setting up for a strong 2020 that could send the stock to an all time high, according to Jefferies

Jefferies raised its Tesla price target to $400 from $300 and reaffirmed its "buy" rating, reflecting higher earnings and an improved balance sheet.
Markets 2019-11-11T19:53:00Z

T-Mobile shares slide on report that it might lose its CEO to WeWork

Legere's departure from the top job at T-Mobile could damage the company's pending $26.5 billion merger with Sprint.
Markets 2019-11-11T19:24:00Z

Chaos, crazy ideas, and cashing in: 5 things Trump and WeWork's Adam Neumann have in common

The president and the former CEO both built huge brands, profited from their positions, voiced wild ideas, employed family, and created crises.
Markets 2019-11-11T18:22:06Z

Bank of America pinpoints the market's biggest vulnerability over the next decade, and offers its top investing strategies to prepare for an 'imminent' global recession

Investors will likely experience another global economic recession in the 2020s, according to strategists at Bank of America Merrill Lynch.
Tech 2019-11-11T18:17:38Z

The biggest game company in the world is helping Nintendo break into the Chinese market, but it may be making a bold play for Nintendo's beloved characters in exchange

The world's biggest game company isn't Nintendo, and it isn't Microsoft or Sony either — it's a Chinese company named Tencent.
Tech 2019-11-11T18:10:13Z

WeWork is reportedly talking with T-Mobile's famously eccentric boss John Legere about taking over as CEO

T-Mobile CEO John Legere is reportedly being considered as a future CEO of WeWork, the embattled office-sharing company.
Tech 2019-11-11T16:36:15Z

Travis Kalanick sold a massive chunk of his Uber stake as he scales up his next act

The ousted chief executive appears to be actively raising money for his next act — delivery-only restaurants — as Uber's post-IPO lockup period ends.
Markets 2019-11-11T16:25:15Z

One cryptocurrency investor reportedly lost $24 million worth of bitcoin in a SIM swap attack

The SIM hack involves thieves taking control of a phone number and using it to get access to email accounts, bank holdings, and crypto wallets.
Markets 2019-11-11T16:18:00Z

The White House has looked for ways to limit investment in China. A former top Treasury aide says it's 'a terrible idea.'

White House advisers were discussing plans to limit portfolio inflows into China as recently as October, according to an administration official.
Retail 2019-11-11T15:51:00Z
Markets 2019-11-11T15:42:26Z

Walgreens is surging on a report that KKR formally approached the company to talk about taking it private

While it is unclear if the talks will lead to a deal, taking Walgreens private could be the largest-ever leveraged buyout.
Markets 2019-11-11T15:26:00Z

Climate events have cost the US economy more than $500 billion over the last 5 years, Fed official says

Global warming is expected to severely disrupt business operations and economic activity in the coming years.
Markets 2019-11-11T14:51:20Z

UBS faces a $51 million fine for overcharging Hong Kong accounts through excess trade fees

Hong Kong's Securities and Futures Commission found the bank's malpractice affected roughly 5,000 clients over about 28,700 transactions.
Markets 2019-11-11T13:57:32Z
Markets 2019-11-11T13:11:00Z

As unicorns like WeWork and Uber test the IPO market with disastrous results, America's biggest wealth manager for the ultrarich shares his best strategies for investing in unproven giants

In a year of high-profile IPO blowups, wealth manager Peter Mallouk explains how he advises clients on investing in tempting but risky unicorns.
Markets 2019-11-11T13:05:00Z

Jim Rogers, the investing guru who earned a 4,200% return with George Soros, told us everyone should read 3 books that made a 'huge impression' on his career

Warren Buffett also recommends two of the books — and they are good enough for any investors who want to improve their craft.
Markets 2019-11-11T12:26:10Z

10 things you need to know before the opening bell

This is what traders are talking about.
Markets 2019-11-11T12:14:27Z

Jamie Dimon doubles down on his defense of billionaires after Warren spat — saying 'vilify Nazis' instead

The JPMorgan CEO responded again to Elizabeth Warren's criticism, saying we shouldn't "vilify" those "who worked hard to accomplish things."
Markets 2019-11-11T10:51:36Z

China wants 4 more years of Trump because he's 'easy to read,' a former top trade official says

"Trump talks about material interests, not politics. Such an opponent is the best choice for negotiations," Long Yongtu told the South China Morning Post.
Markets 2019-11-11T10:03:00Z

A former WeWork employee is suing over Adam Neumann's $1.7 billion golden parachute

Natalie Sojka said it was "beyond comprehension" that the startup's cofounder would reportedly be paid $185 million in consulting fees.
Politics 2019-11-10T19:22:00Z

How Elizabeth Warren rose from a nearly broke Midwestern upbringing to a top Democratic presidential candidate — and Wall Street's worst enemy

Elizabeth Warren's life has taken her from Harvard Law to Congress. Here is how she became a leading Democratic candidate for president in photos.
News 2019-11-10T19:18:27Z

Kaiser Permanente CEO Bernard J. Tyson has died unexpectedly at the age of 60

Bernard J. Tyson Tyson was at the healthcare company for more than 34 years and has served as CEO since 2013.
Entertainment 2019-11-10T16:35:33Z

'Midway' $17.5 million opening weekend box office win marks lowest November champ in 20 years

Lionsgate's "Midway" is the first movie to earn under $20 million to win the domestic box office in November since 1999's "The Bone Collector."
Tech News 2019-11-10T16:10:18Z

Apple Card is facing a formal investigation by Wall Street regulators over gender discrimination allegations made in a viral tweet

A viral tweet prompted a formal investigation into Apple Card for alleged gender discrimination in the way it sets and determines credit limits.
Markets 2019-11-10T11:05:00Z

A quant expert warns the largest investors are facing a new, post-crisis danger that could lead to several years of losses — and explains how they can start limiting the damage

The era of lower interest rates adds a new challenge to the fund management industry that is already battling asset outflows and lower fees.
Finance 2019-11-09T22:04:49Z

What went on inside SoftBank-backed Fair as it burned through cash — plus fresh proptech funding and JPMorgan's new VC coverage group

Wall Street Insider is a behind-the-scenes look at the stories dominating banking and business. This week, we unpack the "rough sea" SoftBank CEO Masayoshi Son is navigating.
Military & Defense 2019-11-09T19:10:00Z

Trump plan to save Syria's oil is shaping up to be a public-relations dumpster fire

"Telegraphing to the world that your only interest in the Middle East is protecting oil is bulletin-board recruiting material," a US senator said.
Tech 2019-11-09T15:00:00Z

Efficiency-obsessed tech firms are sticking newsletters on toilet stall walls to keep employees productive while they poop

Google, Facebook, Yelp, and other Silicon Valley firms want workers to learn about the business while they do their business.
Transportation 2019-11-09T14:22:00Z

Tesla short-sellers have swung back to the SolarCity side of the business. Here's why.

After Tesla posted a surprise 3rd-quarter profit, short-sellers found themselves burned as the stock surged past $300.
Markets 2019-11-09T11:05:00Z

'We're going to have to have a severe recession if we're ever going to build a viable economy': Here’s why one market expert says the US is doomed to default on its debt no matter what

Peter Schiff, the outspoken CEO and president of Euro Pacific Capital, says it's "impossible" for the US to repay its debt.
Finance 2019-11-08T23:15:47Z

WeWork just released an investor presentation that offers numbers the company didn't include in its widely-derided IPO documents

The presentation also highlighted a break with cofounder Adam Neumann, with new executives planning to focus on large companies as customers.
Enterprise 2019-11-08T22:21:21Z

Microsoft built a wall around its customers that could stop Slack's growth in its tracks

A Wall Street firm has rated Slack's stock as underperform because it sees competition from Microsoft Teams hurting Slack's future growth prospects in a critical market.
Tech 2019-11-08T21:53:32Z

An anonymous memo alleging ongoing racism at Facebook is circulating inside the company

A year after a black Facebook employee spoke up and alleged there was racism at the company, the issue still hasn't been solved.
Markets 2019-11-08T20:50:33Z

Leon Cooperman says he'll back Mike Bloomberg's presidential bid amid ongoing feud with Elizabeth Warren

Cooperman said he'll help fund Bloomberg's bid. Despite plans to pay for much of his campaign, Bloomberg will need donors to qualify for debates.
Markets 2019-11-08T20:46:49Z

David Einhorn claps back at Elon Musk's criticism, calls out Tesla's 'alien dreadnought factory'

The Tesla CEO published a note earlier in the day pushing back on claims in a letter that Greenlight Capital CEO David Einhorn sent to investors.
Politics 2019-11-08T19:37:23Z

Elizabeth Warren has a colossal $30 trillion progressive agenda. Here's a breakdown of how she plans to pay for it.

The government is projected to spend $58 trillion over the next decade. Warren's plans would increase that by half if she were elected president.
Enterprise 2019-11-08T19:24:38Z

Leaked financials show that hot startup UiPath was missing revenue targets and burning more cash than expected before it laid off 400 people

UiPath cut hundreds of jobs because of soaring expenses and missed revenue targets, according to a presentation reviewed by Business Insider.
Tech 2019-11-08T19:00:00Z

Emergence Capital backed Salesforce before its IPO. Here's why one of the VC firm's partners thinks the $141 billion software giant is vulnerable to a next-generation enterprise software startup.

Santi Subotovsky thinks some major trends will allow the enterprise software sector to continue to boom — and make incumbents vulnerable.
Markets 2019-11-08T18:49:13Z

We got a leaked copy of the memo Robinhood sent to barred users who exploited its now infamous 'infinite money' glitch

The notice details three options the trader can use to liquidate assets and says any "negative equity balances" must be repaid within 60 days.
Markets 2019-11-08T17:57:30Z

A notorious short-seller pulls back on its bet against Netflix, saying international traction could boost the stock 20%

Citron Research tweeted on Thursday that based on new data on international prospects Netflix's stock could go to $350.
Markets 2019-11-08T17:11:21Z

Robinhood's 'infinite money' glitch has reportedly drawn regulatory scrutiny — and the company could be fined

The Securities and Exchange Commission and the Financial Industry Regulatory Authority are the two agencies most likely to investigate the matter.
Markets 2019-11-08T16:35:08Z

Disney warns the Hong Kong protests could slam its operating profit with a $275 million hit

Disney CFO Christine Mary McCarthy said operating income fell $55 million at Hong Kong Disneyland last quarter.
Politics 2019-11-08T16:14:19Z

Bernie Sanders ramps up criticism of Elizabeth Warren's Medicare for All plan, calling it 'quite a hit' for average workers

Sanders said a payroll tax like what he has proposed to fund his plan would draw more in taxes from affluent employees.
Markets 2019-11-08T16:02:00Z

Trump says he hasn't agreed to roll back China tariffs

The White House sent conflicting messages on trade talks with China at the end of the week, sowing further uncertainty among businesses and investors.
Tech 2019-11-08T15:54:00Z

In the battle of the Tesla Model S and the Porsche Taycan, it's really no contest

For both Porsche and Tesla, selling expensive electric cars in a small market is a winning strategy.
Opinion 2019-11-08T15:39:00Z

With Nürburgring throw downs and 'Top Gear' drag-race disputes versus Porsche's Taycan, Tesla is squandering its cool

Nürburgring times were more than a tad dorky before Tesla starting making noise about taking on Porsche and its new Taycan.
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