May 18, 2019

The history of how Uber went from the most feared startup in the world to its massive IPO

Uber went public this month on the New York Stock Exchange in a much-watched IPO. Since it was founded in 2009, Uber has transformed the ride-hailing industry and grown to become the most valuable companies in the world. See ...
May 18, 2019

SMB LENDING REPORT: How alt lenders are providing SMBs with new funding options, and the ways incumbents can respond to stay ahead

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here...
May 18, 2019

Exclusive: Saudi’s Falih says oil stocks still building, but OPEC to act if needed

Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market's needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building...
May 18, 2019

Boeing says it has corrected simulator software of 737 MAX jets

Boeing Co has made corrections to simulator software that mimics the flying experience of its 737 MAX jets, which were involved in two fatal crashes, and the company has provided additional information to device operators, a spokesman said on Friday.
May 17, 2019

The cost of Trump’s bailout program for farmers is poised to more than double

Bailout spending on farmers is poised to more than double as the US-China trade war drags on. With a second bailout program on deck, the total price tag of tariff aid so far could jump past $30 billion.  But farmers have...
May 17, 2019

Cofounders Jen Rubio and Steph Korey built online luggage retailer Away into a $1.4 billion company in just 3 years. Next up, it wants to be a ‘travel brand.’

Away, an online luggage seller, announced on Wednesday it raised $100 million at $1.4 billion valuation just three years after it was founded by Jen Rubio and Steph Korey. Away is the most recent female-founded company that ...
May 17, 2019

Hedge fund Marshall Wace is a secret winner in the Amazon-led $575 million funding round for food-delivery company Deliveroo

Amazon just led a round of funding for the London-based Deliveroo, which is worth $575 million, that pushed down the stocks of its competitors Just Eat, Takeaway.com, and Uber.  The hedge fund Marshall Wace emerged as a ...
May 17, 2019

Millennials have helped take credit-card popularity back to full throttle. Banks are getting nervous and starting to crack down.

America's credit-card party has roared back to full throttle, thanks in part to young borrowers. Credit cards, long the most popular form of consumer credit, declined after the financial crisis, especially among people in the...
May 17, 2019

Microsoft and Sony’s surprise game streaming alliance is a shocker, and it raises an uncomfortable truth about the cloud wars (MSFT, SNE)

On Thursday, Microsoft and Sony made a joint announcement that they would "explore joint development of future cloud solutions in Microsoft Azure to support their respective game and content-streaming services."  This pa...
May 16, 2019

Trump’s Huawei ban may have dire implications for Apple — but investors shouldn’t ‘jump to conclusions’ just yet, analyst says (AAPL)

The Trump administration on Wednesday banned Huawei from buying parts from US companies without the government's approval. While some experts say the ban could have negative implications for US technology companies, incl...