BI Prime Finance 2020-05-04T19:17:00Z
Advisory composite 4x3

Inside the rush to staff up restructuring pros at top advisory firms like Moelis and Evercore

Many banks that specialize in restructuring also rely heavily on M&A revenues, meaning it's essential to capture their share of restructuring work.
BI Prime Finance 2020-05-04T13:00:00Z
steve cohen

Steve Cohen's former right-hand man is launching his own fund. Here's everything we know about Tom Conheeney's EmeraldRidge Advisors.

Tom Conheeney worked at Point72's predecessor SAC Capital from 1999 to 2014 as the COO and president.
BI Prime Finance 2020-05-04T12:32:00Z

E-commerce giant Shopify just launched a way for retailers to transform stores into fulfillment centers by quickly adding curbside pickups

Shopify has long been known for powering the online stores for brands like Allbirds, Bombas, and Rebecca Minkoff.
Markets 2020-05-06T11:08:05Z

Disney's profit plunged 91% last quarter as the coronavirus shut down most of its business

The bright spot was Disney Plus, which has roughly doubled its subscribers to 54.5 million this year.
Finance 2020-05-06T09:00:00Z

A look at the global fintech landscape and how countries are embracing digital disruption in financial services

With large banks and agile startups both competing to get a piece of the rapidly growing fintech industry, new fintech hubs are sprouting in cities across the world. See how the landscape has evolved and where it's likely to go.
Finance 2020-05-06T06:00:00Z

ACCOUNTS PAYABLE AUTOMATION: The multitrillion-dollar accounts payable market is finally digitizing — here's how payments providers can grab a piece of it

This report breaks down analog and digital processes at all three stages of an accounts payable transaction, evaluating barriers toward digitization.
Finance 2020-05-06T05:01:00Z

Why are Apple Pay, Starbucks' app, and Samsung Pay so much more successful than other wallet providers?

A new report from BI Intelligence addresses how in-store mobile payments volume will grow through 2021, why that’s below past expectations, and what successful cases can teach other players in the space.
Tech 2020-05-06T00:18:00Z

Venture-backed startups are laying off thousands of tech workers as the coronavirus strains finances. Here's a list of all of the startups that are cutting headcount.

Here's everything we know about which venture-backed startups are slashing headcount due to the coronavirus and economic fallout.
Finance 2020-05-05T23:01:00Z

THE MONETIZATION OF OPEN BANKING: How legacy institutions can use open banking to develop new revenue streams, reach more customers, and avoid losing out to neobanks and fintechs

Business Insider Intelligence identifies various open banking monetization strategies and outlines actionable steps to make them successful.
Finance 2020-05-05T22:05:00Z

THE PAYMENTS ECOSYSTEM: The biggest shifts and trends driving short- and long-term growth and shaping the future of the industry

In this report, Business Insider Intelligence examines the payments ecosystem today, its growth drivers, and where the industry is headed.
BI Prime Tech 2020-05-05T20:39:46Z

Airbnb expects revenues to be slashed by more than half this year, CEO says

Airbnb expects 2020 revenues to be less than half of what they were in 2019, even once travel resumes, because of fallout from the COVID-19 pandemic.
BI Prime Finance 2020-05-05T20:24:59Z

Read the full memo Airbnb CEO Brian Chesky just sent to staff announcing 1,900 job cuts. It lays out severance details and which teams are getting hit the hardest.

CEO Brian Chesky said Airbnb's revenue would likely halve versus 2019, and explained how the cuts were decided and what severance workers can expect.
Finance 2020-05-05T20:22:00Z

Why Congress' own economists predict 15 million unemployed in 2021

Trump says the economy will take off when social-distancing ends, but the Congressional Budget Office estimates 9% unemployment at the end of 2021
Markets 2020-05-05T20:05:28Z

US stocks climb on economic reopening hope, oil-price rebound

Optimism around the containment of coronavirus drowned out reports showing the trade deficit swelling and the services sector contracting.
BI Prime Markets 2020-05-05T20:01:00Z

These 22 well-known companies are vulnerable to acquisitions by private-equity buyers due to the coronavirus, BTIG says

The crisis has cheapened the valuations of many popular companies and made them targets for private-equity buyers.
BI Prime Strategy 2020-05-05T19:36:53Z

Bank robots have been fighting a secret war with outdated government tech to decide who gets $670 billion in small business bailouts. Here's the inside story.

In a normal year, E-Tran processes roughly $20 billion in loans. By the time this crisis is over, it's slated to dole out more than $1 trillion.
BI Prime Tech 2020-05-05T19:20:03Z

A NEW WORLD ORDER: A VC who left his job in the dot-com crash thinks today's economic downturn is more like that 2000 tech cataclysm than the 2008 financial crisis

Founders Fund general partner Keith Rabois said it is "highly likely" the United States economy will suffer a depression.

COVID-19 Executive Survey

Business Insider Intelligence surveyed global executive decision makers to see how they think COVID-19 will impact their companies and the economy.
Markets 2020-05-05T18:46:34Z

Regeneron widens its lead as the S&P 500's top performer after saying key COVID-19 drug may be available in the fall

Regeneron's antibody cocktail COVID-19 treatment is set to begin clinical trials over the summer, with a goal of having doses available late August.
Markets 2020-05-05T18:38:00Z

Norwegian Cruise Line tanks 24% after warning investors it has 'substantial doubt' it can keep operating

The company said it expected to report a net loss in the first quarter as well as the full year because of the coronavirus pandemic.
Markets 2020-05-05T18:37:00Z

'We're all going to be permanently scarred': Billionaire Sam Zell cautions that the coronavirus will leave a Great Depression-level dent in the economy

A wave of bankruptcies is needed for economic recovery, but the pandemic's prolonged pressure on demand will drive more defaults than usual, Zell said.
Markets 2020-05-05T18:36:29Z

Chegg spikes 37% on surging subscriber numbers as students make a broad transition toward online learning

Chegg reported first quarter earnings on Monday that beat analyst estimates, and raised second quarter revenue guidance to above analyst estimates.
BI Prime Markets 2020-05-05T18:09:00Z
Markets 2020-05-05T18:08:00Z

US consumer debt hit a record $14.3 trillion in the first quarter

"The latest report reflects a time when many of the economic effects of the COVID-19 pandemic were only starting to be felt," said the New York Fed.
Finance 2020-05-05T18:01:00Z

THE ONLINE MORTGAGE LENDING REPORT: How banks are striking back against Quicken Loans and other digital-first lenders in the $9 trillion US mortgage market

Business Insider Intelligence examines the state of mortgage lending and how technology has enabled alt lenders to transform the home loan process.
Finance 2020-05-05T16:02:00Z

This is the 19-slide pitch deck two 22-year-olds used to nab $57 million in funding from Silicon Valley

BI Prime received Brex's permission to offer a look into the startup's full 19-slide pitch deck from its Series B funding round.
Markets 2020-05-05T16:01:22Z

Why Warren Buffett bet on the 'big 4' airlines against his own advice, then dumped them at a loss

The famed investor predicted more people would fly and the airlines would keep their value and continue buying back shares. Then the pandemic arrived.
Markets 2020-05-05T15:43:16Z

The US services sector fell into contraction territory for the first time since the financial crisis in April, ending a 122-month expansion

The Insitute for Supply Managaement's services index plunged to 41.8 from 52.5, extending the virus-fueled decline into its second-straight month.
Finance 2020-05-05T15:26:41Z

JPMorgan and Goldman Sachs-backed Members Exchange just got a green light from the SEC to go head-to-head with giants like NYSE and Nasdaq

The Members Exchange, whose backers include Morgan Stanley, Virtu, and Citadel Securities, now plans to go live in the third quarter of 2020.
Markets 2020-05-05T15:18:09Z

Trump's favorite trade-war scorecard plunged in March amid a record slump in exports

"We had been expecting a gradual rebound in the spring on the back of the signing of the Phase One trade deal," said Ian Shepherdson.
BI Prime Finance 2020-05-05T14:58:00Z

Oil giant Halliburton laid off almost 1,700 workers across 3 states amid the 'most severe' downturn in a generation, filings show

The oil field service company has cut hundreds of workers from facilities in Texas, Oklahoma, and Colorado in response to the oil-price collapse.
Finance 2020-05-05T14:57:00Z

MoneyGram's digital channel is growing even as the pandemic decimates its walk-in business

MoneyGram is weathering the pandemic well, but it will have to rely on its digital business to survive the expected drop in remittance volume.
Finance 2020-05-05T14:01:00Z

THE RISE OF BANKING-AS-A-SERVICE: The most innovative banks are taking advantage of disruption by inventing a new revenue stream — here's how incumbents can follow suit

Business Insider Intelligence looks at benefits banks stand to gain by offering BaaS platforms and discusses players that have already had success.
Markets 2020-05-05T13:53:00Z

Tesla rally may qualify Elon Musk for $700 million payout — 3 days after he complained that shares were too expensive

The payout would give Musk the ability to buy 1.69 million Tesla shares at $350.02 each. The company closed at $761.19 per share on Monday.
Markets 2020-05-05T13:47:15Z

Traders betting against airlines made $188 million in a single day after Warren Buffett said he sold all his shares

"The world has changed for the airlines," said Buffett. "The future is much less clear to me about how the business will turn out."
Markets 2020-05-05T13:44:14Z

Dow jumps 300 points as oil-price recovery extends into its 5th day

The rally in US stocks has mirrored a rebound off recent lows for crude oil, which was under pressure amid the coronavirus pandemic.
Markets 2020-05-05T13:28:01Z

Morgan Stanley says the global economy is bottoming out, signaling a 'sharper but shorter' downturn than the great financial crisis

Morgan Stanley estimates that by mid-May, "54% of the [US] economy will be in a meaningful reopening phase," wrote economist Chetan Ahya.
Finance 2020-05-05T13:21:00Z

GoBear has acquired AsiaKredit to drive growth through digital consumer lending

Financial marketplace GoBear has acquired digital consumer lender AsiaKredit –– allowing the it to expand into two entirely new business lines.
Finance 2020-05-05T13:02:00Z

These are the hottest fintech startups and companies in the world

Business Insider Intelligence has put together the following list of 10 Up and Coming Fintechs for 2019.
Finance 2020-05-05T13:01:00Z

US personal savings rate increases due to lowered spending amid social distancing

The US personal savings rate increased from 8% in February to 13.1% in March due to lowered spending from social distancing.
BI Prime Markets 2020-05-05T12:10:00Z

Award-winning fund manager Randall Dishmon says the way to win at investing is to think like a Warren Buffett-style acquirer. Here are the 3 questions he always asks before buying a stock.

Fund manager Randall Dishmon explains how exactly he takes a company's pulse. It's an approach highly indebted to Warren Buffett.
BI Prime Finance 2020-05-05T12:00:00Z

Charles Schwab is launching fractional stock-trading in June, making good on a promise that sent rivals Robinhood and Fidelity racing to offer slices of pricey shares

Brokerage Charles Schwab will offer fractional share trading starting in June with a $5 minimum. Customers can buy fractions of S&P 500 components.
Finance 2020-05-05T12:00:00Z

Offices are transforming forever. Here's what to expect when you go back to work — and why it won't be like you remembered.

How employers, real-estate services providers, and landlords are rethinking offices post-coronavirus, and what to expect when you return.
BI Prime Finance 2020-05-05T11:47:00Z

Digital-only bank N26 just raised $100 million. Now, it's rolling out features like contactless payments to cater to users' evolving needs.

The German bank, valued at $3.5 billion, is looking to grow its core markets across Europe and the United States, its US CEO told Business Insider.
Finance 2020-05-05T11:29:00Z

The way we shop and pay is transforming as consumers embrace contactless transactions and curbside pickup. Here's everything you need to know.

Ongoing trends like buy now, pay later and contactless payments are accelerating, while new trends like buy online, pick up in-store are emerging.
Finance 2020-05-05T11:09:00Z

WeWork is rolling out more job cuts as the coronavirus deals the coworking giant its latest setback. Here's the latest on what's going on inside the company.

After a failed IPO, coworking giant WeWork has been struggling to turn itself around. Here's the latest on job cuts, legal battles, and more.
BI Prime Finance 2020-05-05T11:00:00Z

'Quantamental' investing is suddenly a buzzword in the hedge fund world, and we talked to the CEO of a fintech that just nabbed $8 million to help power the approach

Boosted.ai, a fintech that helps fundamental managers use quantitative skills, just raised an $8 million Series A led by Portag3 Ventures.
Finance 2020-05-05T02:01:00Z

AI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks — here are the strategies the winners are using

Business Insider Intelligence identifies the most meaningful AI applications across banks' front and middle offices.
Finance 2020-05-05T00:05:00Z

BANKING AND PAYMENTS FOR GEN Z: These digital natives are the next big opportunity — here are the winning strategies

Business Insider Intelligence uses a six-point framework to explain the core attributes that Gen Z values in a banking and payments product.
BI Prime Finance 2020-05-04T23:37:32Z

Adam Neumann sues SoftBank for backing out of buying nearly $1 billion of his WeWork shares, saying the investor changed up the terms and he didn't sign off

The lawsuit highlights a new detail about how Marcelo Claure and SoftBank acted in late December that could be key to Neumann's strategy.
Loading Something is loading.
View more