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17 financial perks of being the president of the United States
News 9 months ago
17 financial perks of being the president of the United States

President Donald Trump and First Lady Melania Trump have unlimited access to Air Force One. The prestigious title of president of the United States...

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Billionaire Mike Bloomberg may look to sell his Wall Street data and media company if he runs for president
News 9 months ago
Billionaire Mike Bloomberg may look to sell his Wall Street data and media company if he runs for president

Michael Bloomberg told a radio interviewer this week that if he runs for president he will sell his financial data and news operation, or place it...

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Wall Street giant Bloomberg LP could be put up for sale if owner Mike decides to run for president
News 9 months ago
Wall Street giant Bloomberg LP could be put up for sale if owner Mike decides to run for president

Michael Bloomberg told a radio interviewer this week that if he runs for president he will sell his financial data and news operation, or place it...

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IEX CEO Brad Katsuyama explains his pitch to lure companies away from Nasdaq and the New York Stock Exchange
News 9 months ago
IEX CEO Brad Katsuyama explains his pitch to lure companies away from Nasdaq and the New York Stock Exchange

It hasn't been easy for upstart stock exchange IEX to lure companies from the big exchanges for its new listings business. IEX CEO Brad Katsuyama...

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Reddit cofounder Alexis Ohanian says there's one especially 'frightening' difference between the lives of rich and non-rich people in America
News 9 months ago
Reddit cofounder Alexis Ohanian says there's one especially 'frightening' difference between the lives of rich and non-rich people in America

Reddit cofounder Alexis Ohanian says he was surprised to learn that rich Americans have access to much better healthcare than the average person....

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People aren't paying their credit cards and more accounts are being shut down, and it could be a sign that 'economic clouds are darkening'
News 9 months ago
People aren't paying their credit cards and more accounts are being shut down, and it could be a sign that 'economic clouds are darkening'

Credit-card delinquencies, application rejections, and involuntary account closures are all on the upswing, according to a report from the Federal...

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Amazon's fleet of 767s is bad news for FedEx and UPS, Morgan Stanley says (AMZN, FDX, UPS)
News 9 months ago
Amazon's fleet of 767s is bad news for FedEx and UPS, Morgan Stanley says (AMZN, FDX, UPS)

Amazon's cargo planes are poised to take market share from UPS and FedEx, Morgan Stanley said. The online retailer had leased 40 Boeing 767 cargo...

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IEX CEO Brad Katsuyama talks about disrupting Wall Street and the power of 'Flash Boys' on the upstart exchange
News 9 months ago
IEX CEO Brad Katsuyama talks about disrupting Wall Street and the power of 'Flash Boys' on the upstart exchange

Brad Katsuyama, the CEO of upstart stock exchange IEX, didn't realize how hard disrupting Wall Street would be. Katsuyama, who came to prominence...

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Here's what Just Capital's CEO presented at IGNITION 2018 about investing in companies 'for good'
News 9 months ago
Here's what Just Capital's CEO presented at IGNITION 2018 about investing in companies 'for good'

Just Capital CEO Martin Whittaker gave a presentation on investing in "good" companies at Business Insider's IGNITION 2018 conference on Tuesday....

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The big tech stocks just lost $141 billion in market value. That's enough to buy McDonald's. (AAPL, FB, AMZN, NFLX, GOOGL, INTC, MSFT, NVDA, AMD)
News 9 months ago
The big tech stocks just lost $141 billion in market value. That's enough to buy McDonald's. (AAPL, FB, AMZN, NFLX, GOOGL, INTC, MSFT, NVDA, AMD)

The most widely watched tech stocks saw their collective market value drop by $141 billion on Tuesday amid a broader market sell-off. That amount...

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Fender listened closely to working musicians to update its US-made, American Performer guitars
News 9 months ago
Fender listened closely to working musicians to update its US-made, American Performer guitars

Fender has substantially updated its American Performer lineup, formerly known as American Special. The new line is the entry point to Fender made...

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Lowe's has 'a big window of opportunity' after shutting down its underperforming stores, UBS says (LOW)
News 10 months ago
Lowe's has 'a big window of opportunity' after shutting down its underperforming stores, UBS says (LOW)

Lowe's on Tuesday reported third-quarter earnings that beat on both the top and bottom lines but saw comparable sales miss Wall Street's estimates....

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Sears has filed for bankruptcy and announced it would close more than 140 stores, but it isn't the only department store that has struggled recently — here's why (SHLD)
News 11 months ago
Sears has filed for bankruptcy and announced it would close more than 140 stores, but it isn't the only department store that has struggled recently — here's why (SHLD)

Sears filed for Chapter 11 bankruptcy protection on Monday, announcing it would be closing 142 Sears and Kmart stores and beginning liquidation...

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Manhattan home sales plunge as sellers refuse to get 'realistic' about what buyers can afford
News 11 months ago
Manhattan home sales plunge as sellers refuse to get 'realistic' about what buyers can afford

Home sales in Manhattan have slowed for four straight quarters, according to a report released Tuesday by Douglas Elliman Real Estate. Sales are...

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Zara is part of the biggest fashion company in the world. Meet the other brands it owns.
News 11 months ago
Zara is part of the biggest fashion company in the world. Meet the other brands it owns.

Zara is one of the best-known global fashion brands, with more than 2,000 stores around the world.  The chain is owned by Inditex, a Spanish retail...

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Tempur Sealy slides after Mattress Firm files for bankruptcy (TPX)
News 11 months ago
Tempur Sealy slides after Mattress Firm files for bankruptcy (TPX)

Tempur Sealy shares are down about 2% Friday after the retailer Mattress Firm filed for Chapter 11 bankruptcy protection. Mattress Firm will close...

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Retail defaults are at an all-time high — here are all the bankruptcies and liquidations so far in 2018
News 11 months ago
Retail defaults are at an all-time high — here are all the bankruptcies and liquidations so far in 2018

Retailers are filing for bankruptcy at record-high rates. Mattress Firm is the latest retailer to file for bankruptcy. Nine West, Claire's, and The...

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Mattress Firm has filed for bankruptcy and could close up to 700 stores
News 11 months ago
Mattress Firm has filed for bankruptcy and could close up to 700 stores

Mattress Firm has filed for Chapter 11 bankruptcy protection, it said in a press release Friday. As part of its bankruptcy restructuring, Mattress...

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JCPenney's new CEO is a good choice because the department store needs a woman in charge after years of 'inability to connect with women shoppers,' analyst says (JCP)
News 11 months ago
JCPenney's new CEO is a good choice because the department store needs a woman in charge after years of 'inability to connect with women shoppers,' analyst says (JCP)

JCPenney has hired a new CEO, Jill Soltau.  This the first female CEO the company has had, and at least one analyst says that's cause for...

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The retail apocalypse is still in its 'early innings' — and thousands more stores will close before it ends
News 11 months ago
The retail apocalypse is still in its 'early innings' — and thousands more stores will close before it ends

The United States still has far more retail space per capita than any other country. This suggests the US is still in the "early innings" of mass...

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JCPenney has hired a new CEO months after an abrupt resignation by its former chief executive (JCP)
News 11 months ago
JCPenney has hired a new CEO months after an abrupt resignation by its former chief executive (JCP)

JCPenney has hired a new CEO, Jill Soltau. The struggling department store has been without a leader since May, when its former CEO, Marvin Ellison...

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Amazon just opened a new store that sells only its best products. Here's what it's like to shop there. (AMZN)
News 11 months ago
Amazon just opened a new store that sells only its best products. Here's what it's like to shop there. (AMZN)

Amazon just opened a new store in SoHo called Amazon 4-star.  The store features a curated selection of trending products, items on Amazon shoppers...

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UBS: The housing markets in these 6 cities are closest to a bubble
News 11 months ago
UBS: The housing markets in these 6 cities are closest to a bubble

At least six cities around the world are at risk of having housing bubbles, according to UBS' 2018 Global Real Estate Bubble Index.  There are...

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Millennials are driving a change in how the super rich invest their money
News 11 months ago
Millennials are driving a change in how the super rich invest their money

Nearly one in three family offices were engaged in sustainable and impact investing in 2017, with nearly half of them planning to increase their...

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Mattress Firm stores are at the center of controversies and conspiracy theories — here's what it's like to shop there
News 11 months ago
Mattress Firm stores are at the center of controversies and conspiracy theories — here's what it's like to shop there

Mattress Firm is the largest specialty mattress retailer in the United States, with around 3,400 stores.  It has increasingly come under pressure...

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These stores have the best return policies in retail
News 11 months ago
These stores have the best return policies in retail

L.L.Bean has long been known for its lifetime return policy, which it ended in February. The store now offers a still-generous one-year window for...

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Sears' CEO is making a last-ditch effort to avoid bankruptcy (SHLD)
News 11 months ago
Sears' CEO is making a last-ditch effort to avoid bankruptcy (SHLD)

Sears is teetering on the edge of bankruptcy.  In a proposal made public on Monday, Sears CEO Eddie Lampert said he wants creditors to restructure...

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BANK OF AMERICA: The most important segment of the housing market has peaked
News 11 months ago
BANK OF AMERICA: The most important segment of the housing market has peaked

The top is in for existing-home sales, which make up 90% of transactions in the US, according to economists at Bank of America Merrill Lynch.  They...

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A new perk for the wealthy, right in their own apartment buildings: resident-only restaurants and drinks on the house in private bars
News 12 months ago
A new perk for the wealthy, right in their own apartment buildings: resident-only restaurants and drinks on the house in private bars

Luxury apartments are rolling out fancy and resident-exclusive restaurants. The Wall Street Journal reported that a recent crop of such eateries...

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New York City homeowners are cutting prices in a way not seen since the financial crisis
News 12 months ago
New York City homeowners are cutting prices in a way not seen since the financial crisis

The number of New York City home sellers who cut their asking prices spiked to the highest level since 2009 during the week after Labor Day,...

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