Lifestyle
The UK's $39 billion tax gap has left a 'financial black hole' for its...
The UK's tax gap, which shows the balance between the amount of tax expected and actually paid, fell to a five-year low of $39 billion in the year 2018-19, official data showed. The UK's revenue department collected a total...
19 hours ago
A top Silicon Valley VC thinks a massive shift to remote work could ki...
Mayfield managing director Navin Chaddha told Business Insider that the months of sheltering in place in California's Bay Area have been some of the most productive of his professional career. He credits the change to ditching his lengthy morning...
1 day ago
Meet Roger Stone: One of Trump's most loyal supporters whose 40-month ...
Editors note: This article was first published in March 2017. It has been updated in light of Roger Stone being found guilty of obstructing the Russia investigation. President Donald Trump officially commuted the prison sentence of Roger Stone on...
2 days ago
The CEO of an Apollo-backed energy company may face charges for pullin...
A senior executive at a Colorado company backed by Apollo Global Management may face charges over pulling a gun on a Mexican American couple that took a wrong turn onto his property. Paul Favret, the CEO of Resource Energy,...
2 days ago
The S&P 500 will fall 8% by the end of 2020, according to Bank of Amer...
Bank of America's head of equity research predicts the S&P 500 index will fall to 2,900 by the end of the year, an 8% decline from current levels, MarketWatch said. "I wouldn't paint myself as a bear, but the...
2 days ago
SIGN UP NOW: On Tuesday we're talking to Fast CEO Domm Holland about h...
In May, one-click checkout startup Fast raised its $20 million Series A from investors including Index Ventures and buzzy fintech Stripe. The company is trying to take on Apple Pay to solve pain-points around password management and online checkout....
2 days ago
Meet the fintech that nabbed $50 million in funding from Alphabet, whe...
Albert, a personal-finance app that allows users to text questions to a team of human financial experts, is trying to stand out in a competitive, crowded field of consumer finance-focused startups. Albert's business model is subscription-based, a rarity among...
2 days ago
Oil's worst turbulence since 'Black April' has passed, the IEA says, e...
The worst of the oil market downturn from the coronavirus pandemic has passed, according to the International Energy Agency. That outlook comes despite a resurgence in coronavirus cases and a massive crude oil inventory build-up. The IEA said reimpositions...
2 days ago
The best hotel credit cards of July 2020
The best hotel credit cards of 2020: Best travel card overall: Chase Sapphire Preferred® Card Best premium travel card: Chase Sapphire Reserve® Best card for luxury hotel perks and elite status: Platinum Card® from American Express Best for...
2 days ago
The head of Amex Digital Labs lays out the card giant's innovation str...
Amex Digital Labs sits at the center of the credit card company's innovation strategy. Increasingly, Amex's has leaned into non-card payments, like peer-to-peer and QR codes to pay. While historically, Amex had a "build" mentality, now it's more open...
2 days ago
Splitit is quickly adding new customers and merchants thanks to the co...
This story was delivered to Insider Intelligence Payments & Commerce Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry with the Payments & Commerce Briefing. You can learn...
2 days ago
Here's the pitch deck used to raise a $4.4 million seed round for an A...
RealFriend, launched in 2018, is a startup that created a chatbot to simplify the apartment-hunting process. RealFriend first went live in Tel Aviv. After a year-long beta test, it is now officially launching in New York. RealFriend's cofounders shared...
2 days ago
Didi is planning to test a pilot version of China's digital currency
This story was delivered to Insider Intelligence Fintech Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here. Didi plans...
2 days ago
Inside Goldman Sachs's first in-person board meeting since the pandemi...
Goldman Sachs held its first in-person board meeting since the coronavirus pandemic began, and several of the attendees chose not to wear masks inside the company's boardroom. About half of the company's board attended last week's meetings, including Chairman...
2 days ago
The S&P 500 will fall 8% by the end of 2020, according to Bank of Amer...
Bank of America's head of equity research predicts the S&P 500 index will fall to 2,900 by the end of the year, an 8% decline from current levels, MarketWatch said. "I wouldn't paint myself as a bear, but the...
2 days ago
A day-trader on Reddit claimed they made a 3,500% gain, and turned $35...
A Reddit user on a popular subreddit forum "WallStreetBets" claimed they turned an initial investment of $35,000 from their retirement savings into more than $1 million. The user — who goes by "mori226" — said their winning bets were...
3 days ago
Businesses across the United States are begging customers to pay with ...
Businesses around the United States are being forced to ask for exact change or cashless payment methods due to a coin shortage. The Federal Reserve pointed to the closure of "retail shops, bank branches, transit authorities and laundromats" as...
3 days ago
Here are the top 12 case studies every MBA student should know
MBA students should expect to read case studies, or real-world examples of why businesses succeed or fail. The case-reading practice in business school was originally pioneered at Harvard, where the MBA curriculum requires students to read up to 500...
3 days ago
A day trader on Reddit claimed they made a 3500% gain, and turned $35,...
A Reddit user on a popular subreddit forum "WallStreetBets" claimed they turned an initial investment of $35,000 from their retirement savings into more than $1 million. The user — who goes by "mori226" — said their winning bets were...
3 days ago
Ed Hyman was named Wall Street's best economist 39 times and called th...
Ed Hyman — the founder, chairman, and head of economic research of Evercore ISI — sees a confluence of positive market-moving factors brewing on the horizon. Hyman says markets have the "upper hand" over the coronavirus due to a...
3 days ago
Beazley has rolled out an online booking system for brokers
This story was delivered to Insider Intelligence Fintech Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here. The London-headquartered...
3 days ago
US banks could gain up to $24.6 billion in processing fees for PPP loa...
This story was delivered to Insider Intelligence Banking Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here. More...
3 days ago
The coronavirus pandemic is upending the way patients get their prescr...
The $335 billion pharmacy business is ripe for disruption. From big retail pharmacies like CVS Health and Walgreens to independent pharmacies, drugstores in the US have grappled with the rise of online startups looking to make it more convenient...
3 days ago
Wall Street is being shaken to its core by a legion of Gen Z day-trade...
A wave of retail investors has flooded the stock market with speculative bets and unexpected picks. Wall Street is struggling to make sense of the trend. Industry icon Leon Cooperman said the trend would "end in tears." Burton Malkiel,...
3 days ago
The CEO of an Alphabet-backed fintech pitching itself as your 'smart f...
Albert, a personal-finance app that allows users to text questions to a team of human financial experts, is trying to stand out in a competitive, crowded field of consumer finance-focused startups. Albert's business model is subscription-based, a rarity among...
4 days ago
Yolt has added UK-based car insurtech By Miles to its marketplace
This story was delivered to Insider Intelligence Fintech Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here. The personal...
4 days ago
From warehouses to office space, real-estate markets have been turned ...
Offices, hotels, and malls were emptied by the coronavirus. While some are reopening, the disruption has created a new normal. Big firms are rethinking office needs — and some commercial real-estate deals are being put on ice as financing...
4 days ago
174 units with no prior experience: Here's the creative real-estate in...
Matt Deboth — a former Marine and successful real-estate investor — wanted to gain autonomy of his life after being told what to do for eight long years. Deboth's first real-estate investment was a 20-unit apartment building which he...
4 days ago
Finance startups are launching new products designed for influencers i...
Startups are eyeing social-media stars as potential customers for financial services products as the influencer industry continues to grow. Last month, the fintech startup Karat introduced a custom charge card for influencers, looking at a creator's social metrics, like...
4 days ago
Deutsche Bank is partnering with Google Cloud to use its cloud computi...
This story was delivered to Insider Intelligence Banking Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here. Deutsche...
4 days ago
Here's the pitch deck used to raise a $4.4 million seed round for an A...
RealFriend, launched in 2018, is a startup that created a chatbot to simplify the apartment-hunting process. RealFriend first went live in Tel Aviv. After a year-long beta test, it is now officially launching in New York. RealFriend's cofounders shared...
5 days ago
Palantir, a secretive tech company started by members of the 'PayPal m...
Palantir has confidentially filed a draft of its S-1 paperwork for its planned IPO listing, the company announced Monday. Activists have long protested the $20 billion big-data company for the ICE's use of its software to gather, store, and...
5 days ago
Experts explain the complexities around getting PPP loans forgiven, an...
The application period for the paycheck-protection program for small businesses has been extended into August, but attention is shifting to what needs to be done for the loans to be forgiven. Insiders said the loan forgiveness process is far...
5 days ago
Novavax skyrockets 41% after US government grants $1.6 billion for cor...
Novavax shares spiked as much as 40% on Tuesday after receiving $1.6 billion in coronavirus vaccine funding from the US government. The award is the largest yet from Operation Warp Speed, the White House's plan to rapidly develop and...
5 days ago
Novavax skyrockets 40% after US government grants $1.6 billion for cor...
Novavax shares spiked as much as 40% on Tuesday after receiving $1.6 billion in coronavirus vaccine funding from the US government. The award is the largest yet from Operation Warp Speed, the White House's plan to rapidly develop and...
5 days ago
Billionaire-backed private members' club Soho House received almost $2...
A billionaire-backed exclusive members' club, Soho House, received almost $22 million through the US government's coronavirus loan scheme for small businesses, new data shows. The Trump administration's paycheck protection program (PPP) sanctioned six different loans to the private members'...
5 days ago
Paytm has agreed to acquire insurance firm Raheja QBE for $76 million
This story was delivered to Insider Intelligence Fintech Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here. India's most...
5 days ago
Novavax skyrockets after US government grants $1.6 billion for coronav...
Novavax shares spiked as much as 38% early Tuesday after receiving $1.6 billion in coronavirus vaccine funding from the US government. The award is the largest yet from Operation Warp Speed, the White House's plan to rapidly develop and...
5 days ago
Boohoo stock tumbles 30%, wiping $1.25 billion off its market value, a...
The UK's fastest-growing online retailer Boohoo saw its shares tumble 30% over two days after it acknowledged that poor working conditions at a factory were "totally unacceptable." An investigation by the Sunday Times found that the fast-fashion retailer paid...
5 days ago
Lockdown has created a fresh headache for financial regulators — it's ...
Britain's financial watchdog received fewer reports on suspicious transactions than ever before in April as traders and other market participants adjust to working from home. The watchdog received only 215 reports in April, its lowest level since current regulations...
5 days ago
Warren Buffett's 'most gruesome mistake' was buying Dexter Shoe. Here'...
Warren Buffett's "most gruesome mistake" was buying Dexter Shoe in 1993, a Maine shoemaker that soon collapsed under pressure from cheap foreign imports. The famed investor paid for Dexter with 25,203 Class A shares in Berkshire Hathaway, worth about...
5 days ago
Influencer-tech startup ChannelMeter is launching an app that lets You...
Startups are eyeing social-media stars as potential customers for financial services products as the influencer industry continues to grow. Last month, the fintech startup Karat introduced a custom charge card for influencers, looking at a creator's social metrics, like...
6 days ago
Warren Buffett just made his first major deal since 2016. Here are Ber...
Warren Buffett's Berkshire Hathaway just closed its first major takeover since 2016 by acquiring Dominion Energy's natural gas transmission and storage business. Berkshire had $137 billion to deploy for its next deal, and while the buyout cost billions, it's...
6 days ago
Here's the pitch deck an app helping new families save used to raise a...
UNest, an app that allows parents to set aside savings for their children, just raised a $9 million Series A. The round was led by Anthos Capital with participation from investors like Northwestern Mutual Future Ventures and former NBA...
6 days ago
A death in the Atlantic, a media empire that once had $4 billion in de...
Ghislaine Maxwell was arrested on July 2 on sex trafficking charges related to Jeffrey Epstein's sex trafficking ring. The British socialite is the daughter of late media mogul Robert Maxwell. Ghislaine is well connected with elite businessmen: Business Insider previously...
6 days ago
Gig workers pose a huge revenue and brand image opportunity for banks
This story was delivered to Insider Intelligence Banking Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here. In...
6 days ago
Jeffrey Epstein's long-time associate Ghislaine Maxwell is facing fede...
The disgraced financier Jeffrey Epstein died by apparent suicide last year while being held without bail on federal charges of sex trafficking minors and conspiracy. British socialite Ghislaine Maxwell, a longtime Epstein friend and alleged madam, was arrested in early...
6 days ago
Mastercard and Visa may be challenged by a new European payment system...
This story was delivered to Insider Intelligence Payments & Commerce Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry with the Payments & Commerce Briefing. You can learn...
6 days ago
How to decide if you should take the GMAT or GRE when applying to busi...
Many students struggle when deciding whether or not they should take the GMAT or GRE. Stacey Koprince, a GMAT and GRE instructor at the testing firm Manhattan Prep, told Business Insider that prospective students should ask themselves a series...
6 days ago
Australia has rolled out an open banking regime
This story was delivered to Insider Intelligence Fintech Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here. The Consumer...
6 days ago
