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The No. 3 fund manager of 2019 is betting big on a corner of the market he thinks can survive the retail apocalypse, regardless of outcome. Here are the 2 stocks he's using to take advantage.
News 2 months ago
The No. 3 fund manager of 2019 is betting big on a corner of the market he thinks can survive the retail apocalypse, regardless of outcome. Here are the 2 stocks he's using to take advantage.

Chip Reed runs one of the top mutual funds of 2019, and discount retailers TJX Cos. and Ross Stores were big winners for him. Reed says those two...

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From Sears to TJ Maxx, these were the biggest winners and losers in retail over the past decade
News 2 months ago
From Sears to TJ Maxx, these were the biggest winners and losers in retail over the past decade

The 2010s have been a devastating decade for retail as stores and malls have continued to close at record high rates across the US. More than 9,300...

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This coworking startup has an ambitious plan to succeed where WeWork stumbled, and it begins with owning its own buildings
News 2 months ago
This coworking startup has an ambitious plan to succeed where WeWork stumbled, and it begins with owning its own buildings

Novel Coworking competes with WeWork and is similarly ambitious, but its business model and prospects are distinct, company CEO Bill Bennett told...

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Uber just quietly bought 600 acres of land to build a new test track for self-driving cars in Pittsburgh (UBER)
News 2 months ago
Uber just quietly bought 600 acres of land to build a new test track for self-driving cars in Pittsburgh (UBER)

Uber has purchased nearly 600 acres of land near Pittsburgh to test self-driving car technology, according to The Pittsburgh Business Times. The...

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Read the full memo David Solomon sent to Goldman Sachs employees explaining why he's moving his management team out of stuffy offices and into open seating
News 2 months ago
Read the full memo David Solomon sent to Goldman Sachs employees explaining why he's moving his management team out of stuffy offices and into open seating

Goldman Sachs CEO David Solomon told the firm's 38,000 employees earlier this month about his plan to move the offices of his senior leadership...

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I toured a $24.5 million penthouse in NYC's iconic 'Jenga Building' and found that the interior has a totally different look than its sharp, boxy silhouette does — here's a look inside
News 2 months ago
I toured a $24.5 million penthouse in NYC's iconic 'Jenga Building' and found that the interior has a totally different look than its sharp, boxy silhouette does — here's a look inside

New York City's 56 Leonard — or the "Jenga Building" — has a well-earned nickname and a very distinctive look: It looks like a set of haphazardly...

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Renting my place on Airbnb for 3 months pays my mortgage for the rest of the year, and 4 more reasons I love it
News 2 months ago
Renting my place on Airbnb for 3 months pays my mortgage for the rest of the year, and 4 more reasons I love it

I've been renting my home on Airbnb for four years and, overall, I've had a great experience. The money is great — I'm able to pay my mortgage for...

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13 once-beloved companies that disappeared in the past decade
News 2 months ago
13 once-beloved companies that disappeared in the past decade

Both retail stores and restaurant chains have seen their fair share of closures and bankruptcies over the past decade. Once-beloved brands such as...

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Eddie's Sweet Shop, famous for throwback-style sundaes, is one of the oldest ice cream shops in NYC
News 2 months ago
Eddie's Sweet Shop, famous for throwback-style sundaes, is one of the oldest ice cream shops in NYC

Eddie's Sweet Shop first opened in 1925 and is now considered one of the oldest ice cream parlors in NYC. It's known for an old school atmosphere,...

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19 Disney rides and attractions that opened this decade — and 11 that closed
News 2 months ago
19 Disney rides and attractions that opened this decade — and 11 that closed

Disney parks are constantly changing, with new rides opening and old ones closing every year. The 2010s saw the opening and closing of more than 20...

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Here’s what retail entrepreneurs will face in 2020 as rents rise, consumer behavior changes, and e-commerce giants like Amazon grow
News 2 months ago
Here’s what retail entrepreneurs will face in 2020 as rents rise, consumer behavior changes, and e-commerce giants like Amazon grow

US retailers faced a rough year, with a record 9,300 stores closing in 2019. In spite of good profits, 50% more locations shut down than the year...

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Look inside the most expensive house for sale in the US: 'Casa Encantada,' a legendary Bel-Air mansion asking $225 million
News 2 months ago
Look inside the most expensive house for sale in the US: 'Casa Encantada,' a legendary Bel-Air mansion asking $225 million

A 40,000-square-foot Bel-Air estate, known as Casa Encantada, has hit the market with an asking price of $225 million, making it the most expensive...

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We asked 8 flex-office execs what to expect in 2020 as the year of WeWork draws to a close
News 2 months ago
We asked 8 flex-office execs what to expect in 2020 as the year of WeWork draws to a close

We spoke to eight people in the flex office space about their predictions for 2020. We asked about the potential for industry consolidation and how...

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Blockbuster, Borders, Sports Authority, and more: the biggest retail bankruptcies of the last decade
News 2 months ago
Blockbuster, Borders, Sports Authority, and more: the biggest retail bankruptcies of the last decade

RadioShack, American Apparel, Borders, Blockbuster, Sears and Forever 21 are among the many retail companies that have filed for bankruptcy over...

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How to set up and use Google Pay on your Android phone to make contactless payments at thousands of stores
News 2 months ago
How to set up and use Google Pay on your Android phone to make contactless payments at thousands of stores

You can set up Google Pay to pay for goods and services both online and in stores using your Android phone. To do this, you'll need to have the...

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Looking for $600 cardigans or $220 bee venom-infused face serum? Head to this San Francisco street, where expensive everyday items are the norm.
News 2 months ago
Looking for $600 cardigans or $220 bee venom-infused face serum? Head to this San Francisco street, where expensive everyday items are the norm.

Fillmore Street runs north to south through San Francisco's Pacific Heights, a neighborhood known for housing tech bigwigs and old-moneyed families...

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The 20 most bizarre Christmas presents you can buy in the Buckingham Palace gift shop, from palace shower caps to royal hand cream
News 2 months ago
The 20 most bizarre Christmas presents you can buy in the Buckingham Palace gift shop, from palace shower caps to royal hand cream

When shopping for the royal fan in your life, the Buckingham Palace gift shop is a must-visit. The store, run by the Royal Collection Trust, sells...

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The Drive-Thru: Inside Amazon's delivery plans, McDonald's takes the Chicken McGriddle national, and a tiny IHOP serves tiny pancakes
News 2 months ago
The Drive-Thru: Inside Amazon's delivery plans, McDonald's takes the Chicken McGriddle national, and a tiny IHOP serves tiny pancakes

Hello! If this is your first time reading The Drive-Thru, welcome to BI Retail's weekly rundown of the biggest news in shopping, food, and more. I...

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Lyft thought some users' real names were offensive content. Candice Poon, Cara Dick, Mike Finger and others were ordered to get new names by December 21. (LYFT)
News 2 months ago
Lyft thought some users' real names were offensive content. Candice Poon, Cara Dick, Mike Finger and others were ordered to get new names by December 21. (LYFT)

Some Lyft users received a strange notification on Thursday informing them that their names violated company guidelines. Some of these people had...

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Instacart has quietly resumed delivering from Target this month, just two years after ending its formal partnership (TGT)
News 2 months ago
Instacart has quietly resumed delivering from Target this month, just two years after ending its formal partnership (TGT)

Instacart now delivers from select Target stores without a "formal partnership," Business Insider has learned. Target ended its partnership with...

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Kamala Harris and other prominent Democrats are demanding an investigation into how facial recognition tech is being used on people who live in public housing
News 2 months ago
Kamala Harris and other prominent Democrats are demanding an investigation into how facial recognition tech is being used on people who live in public housing

Democratic lawmakers asked Ben Carson, head of the Department of Housing and Urban Development, to look into the use of facial recognition in...

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The 10 most caring cities in the US, ranked
News 2 months ago
The 10 most caring cities in the US, ranked

WalletHub compared the 100 largest cities in the US to determine the most caring, altruistic cities. They evaluated cities based on 39 metrics...

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Chase announces its Q1 Freedom bonus categories for 2020: 5% back at gas stations, on select streaming services, and more
News 2 months ago
Chase announces its Q1 Freedom bonus categories for 2020: 5% back at gas stations, on select streaming services, and more

The Chase Freedom card offers 5% cash back — or 5x points — in different spending categories each quarter of the year. You can earn 5% back or 5x...

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Glossier's new partnership with Nordstrom proves the luxury department store remains a favorite for e-commerce brands looking to dabble in brick-and-mortar, even as other high-end retailers flounder
News 2 months ago
Glossier's new partnership with Nordstrom proves the luxury department store remains a favorite for e-commerce brands looking to dabble in brick-and-mortar, even as other high-end retailers flounder

Glossier has opened pop-up shops inside seven Nordstrom locations around the US. The pop-ups will only sell the brand's popular fragrance, Glossier...

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Real estate agents reveal the hottest markets for the next 10 years
News 2 months ago
Real estate agents reveal the hottest markets for the next 10 years

We asked real estate agents and experts across the country their predictions for the most popular real estate markets in the 2020s. Some of the...

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Goldman is moving its top executives to open offices  — but the science says it'll be a catastrophe for productivity and health
News 2 months ago
Goldman is moving its top executives to open offices — but the science says it'll be a catastrophe for productivity and health

Goldman Sachs will adopt a more open floor plan, Business Insider's Dakin Campbell reported. While well-intentioned, science suggests a move toward...

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How to stage and sell a $5.5M NYC apartment model unit
News 2 months ago
How to stage and sell a $5.5M NYC apartment model unit

Model units are used as a sample to show how an actual unit will look like in a new development. Cheryl Eisen and her team at Interior Marketing...

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The CEO of WhyHotel explains how he came up with the idea of pop-up hospitality. His startup partners with landlords to fill new apartment buildings fast and just raised $20 million.
News 2 months ago
The CEO of WhyHotel explains how he came up with the idea of pop-up hospitality. His startup partners with landlords to fill new apartment buildings fast and just raised $20 million.

WhyHotel, a company that operates pop-up hotels in new apartment buildings as they start to lease up, just announced a $20 million Series B funding...

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The 25 best companies you'll want to work for in 2020
News 2 months ago
The 25 best companies you'll want to work for in 2020

Job site Glassdoor released their annual ranking of the best companies to work for, based on employee reviews. Major tech companies like Microsoft...

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The 10 cities with the most McDonald's restaurants per capita are almost all in the South
News 2 months ago
The 10 cities with the most McDonald's restaurants per capita are almost all in the South

McDonald's is a symbol of American capitalism. Some cities remain more loyal to the Golden Arches than others. These are the 10 cities with the...

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