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Premium Finance 2021-01-27T11:30:00Z
joy gray blackstone 4x3

Jon Gray is the future of Blackstone. 50 insiders reveal how the superinvestor consolidated power, elbowed out rivals, and is remaking the firm in his golden-boy image.

Blackstone No. 2 Jon Gray is taking over from Stephen Schwarzman. This is the untold story of his rise at the firm.
Premium Finance 2021-01-27T21:38:41Z
Kim Posnett

Meet Kim Posnett, the youngest head of a powerful team inside Goldman Sachs' investment bank that's focused on pitching new, innovative ways to get deals done

Kim Posnett told Insider how she's working to expand Goldman's client footprint during a time of intense innovation in dealmaking.
Premium Finance 2021-01-27T18:59:39Z
Larry Fink

Here are 4 highlights from Larry Fink's letters to CEOs and BlackRock clients that will serve as a big boost to the red-hot ESG market in 2021

In Larry Fink's annual letters, BlackRock takes the lead on ESG in 4 key areas — from plans for net-zero to 'temperature aligned' investment products.
Premium Finance 2021-01-28T13:00:00Z

Demand for tech and cloud expertise in accounting is growing, says Deloitte's audit CEO. Here are the skills can help you land a job at the firm.

Deloitte's Lara Abrash says that tech-savvy hires who join the firm will have a running head start into the first six months on the job.
Finance 2021-01-28T13:00:00Z

Inside the rise of Blackstone's Jon Gray, the mastermind behind a bold transformation that's won unlikely fans like Bumble and Oatly

We talked with 50 insiders including Blackstone CEO Stephen Schwarzman to learn what's next for the world's biggest private-equity firm.
Markets 2021-01-28T12:17:30Z

Tesla stock slumps 8% after 4th-quarter earnings fall short of forecasts

Elon Musk's electric-vehicle company grew sales by 46% year-on-year to $10.7 billion, but earnings per share were below Wall Street's expectations.
Finance 2021-01-28T12:01:00Z

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.
Premium Markets 2021-01-28T10:59:11Z

Value investor Adam Mead shares 7 key insights into Warren Buffett's Berkshire Hathaway after writing its complete financial history

Buffett's concentrated investments, ability to delegate, and dedication to educating investors stood out to the author of the upcoming book.
Finance 2021-01-28T10:50:00Z

The untold story of Blackstone's Jon Gray — Reddit trading frenzy continues — Meet star Goldman banker Kim Posnett

The top finance stories for January 28, including the latest news on the rise of Blackstone's Jon Gray.
Markets 2021-01-28T10:38:46Z

'Big Short' investor Michael Burry says Tesla isn't GameStop — and Wall Street Bets shouldn't be taken down

"You can't just delete/cancel investors," the Scion Asset Management chief said in a tweet calling for short-selling reforms.
Premium Law 2021-01-28T10:00:00Z

Coca-Cola's goals for its law firms prioritize Black lawyers, long overlooked by Big Law, in push for diversity

Coca-Cola's top lawyer has told law firms to give work to Black lawyers. It's unlike other companies' pushes for diverse outside-counsel teams.
Finance 2021-01-28T09:54:23Z

Google is the latest corporate giant to halt donations to Republican lawmakers who voted against Biden's certification as president, joining Amazon and Walmart

Dow and AT&T are also among several companies that have halted donations to the 147 lawmakers who voted against Joe Biden's certification.
Markets 2021-01-28T02:08:12Z

Discord bans r/wallstreetbets server over hate speech as the group drives GameStop shares through the roof

Moderators of r/wallstreetbets, the Reddit forum behind a massive market rally involving GameStop shares, slammed the move.
Finance 2021-01-27T22:52:55Z

Here's how short-selling works, and how Reddit's day-trader army spoiled the strategy for GameStop bears

Short-sellers have taken a hit now that GameStop shares have topped $330, in what analysts have dubbed an irrational rally stoked by a Reddit group.
Premium Finance 2021-01-27T21:58:39Z

One chart shows how 3 GameStop shareholders gained nearly $4 billion in a week

Chewy's Ryan Cohen took a 12.9% GameStop stake for $76 million last August, and now it's worth $3.1 billion. Three men gained $4.1 billion in a week.
Tech 2021-01-27T20:22:21Z

The 4 main reasons that GameStop stock became the target of a Reddit forum with more than 2 million members

GameStop stock has spiked in value across the past week, and it's all being driven by a massive Reddit forum. They didn't choose GameStop at random.

The best offers from Insider Coupons

Finance 2021-01-27T19:11:31Z

The White House is 'monitoring the situation' with GameStop and the stock market

The White House said its economic team, "including Secretary Yellen and others, are monitoring the situation" around GameStop's skyrocketed shares.
Tech 2021-01-27T15:49:06Z

Some users are experiencing issues with trading platforms Vanguard, TD Ameritrade, and Charles Schwab due to heavy volume

Thousands of users are reporting issues with the platforms on DownDetector. TD Ameritrade told Insider that it's working to resolve the issues.
Energy 2021-01-27T14:50:44Z

See the key employees who run Exxon Mobil in our exclusive org chart

These executives will define the future of Exxon as it stares down a stunted oil market and pressure to address climate change.
Premium Finance 2021-01-27T14:45:59Z

A real-estate investor who retired at 37 breaks down how he makes $15,000 a month in passive income

Dustin Heiner said on "The Side Hustle Show" to make sure that you rake in a certain amount of money each month in passive income per property owned.
Finance 2021-01-27T13:40:26Z

Jack Ma's Ant Group reportedly plans to transform into a financial holding company overseen by China's central bank

Jack Ma's Ant Group becoming a financial holding company would give Chinese regulators oversight of all its activities, sources told the WSJ.
Finance 2021-01-27T13:40:00Z

Current's overdraft cushion is a costly customer satisfaction play

Current shielded clients from $100 million of overdraft fees in the last eight months—an expensive but effective way to boost loyalty.
Finance 2021-01-27T10:50:00Z

How hedge funds track Reddit YOLOs — Leon Black paid Epstein to move his yacht — Fintech Dave nabs Apple Card exec

The top finance stories for January 27, including the latest news on how hedge funds are scraping web data tied to the subreddit WallStreetBets.
Finance 2021-01-27T02:58:43Z

Goldman CEO David Solomon given a $10 million pay cut as punishment for firm's involvement in bribery scandal

Goldman has paid more than $7 billion to US and international regulators over a criminal bribery scheme involving Malaysia's 1MDB fund.
Markets 2021-01-26T23:31:04Z

'Big Short' investor Michael Burry blasts Reddit-fueled GameStop rally as 'unnatural, insane, and dangerous'

"What is going on now - there should be legal and regulatory repercussions," the Scion Asset Management boss tweeted.
Premium Finance 2021-01-26T23:04:34Z

How hedge funds are tracking Reddit posts to protect their portfolios after the Wall Street Bets crowd helped tank Melvin Capital's short positions

The web-scraping company Thinknum is creating a Reddit-focused data product for clients to track the most popular tickers on the platform.
Markets 2021-01-26T21:13:31Z

'Big Short' investor Michael Burry made a 1,500% gain on GameStop during its Reddit-fueled rally

The Scion Asset Management chief's investment ballooned in value from $17 million to as high as $271 million in under four months.
Premium Finance 2021-01-26T21:10:37Z

Here's what billionaire Apollo CEO Leon Black paid Jeffrey Epstein $158 million for, from finding billions in tax savings to moving his yacht

While his big contribution was helping with tax issues, Epstein also contested the ownership of a Picasso sculpture and helped Black buy a private jet.
Premium Real Estate 2021-01-26T19:02:12Z

Here's how long mortgage rates might stay under 3%

Industry experts project 30-year fixed mortgage rates will increase in 2021, hitting as high as 3.4% after lows well below 3% in 2020.
Premium Energy 2021-01-26T17:13:47Z

The CEO of the world's biggest asset manager warns that companies will 'suffer' if they don't cut carbon emissions. Read excerpts from his letter to CEOs here.

BlackRock chief Larry Fink urged companies to disclose their plans for reducing greenhouse gas emissions in his annual letter to CEOs.
Premium Real Estate 2021-01-26T17:00:13Z

How a single mom's real-estate investing propelled her from unemployed to a six-figure salary

In 2012, Amanda Young bought a property to rent out for passive income. Now she owns seven rentals and flips "sinkhole" homes to make $125,000 a year.
Finance 2021-01-26T16:00:00Z

Read the pitch deck that helped Divvy raise $30 million to provide alternate financing for prospective homebuyers

BI Prime has published the investor deck Divvy used to acquire $30 million to start changing the way people buy homes. Read it here.
Premium Advertising 2021-01-26T15:52:36Z

See the pitch deck Taboola used to convince investors to hop on board its SPAC deal and take the company public

Taboola is merging with ION Acquisition Corp, which raised $259 million in an IPO last October. The deal will value Taboola at $2.6 billion, it said.
Energy 2021-01-26T15:51:27Z

Exxon is slashing workers and cutting costs after a historic year of loss. Here's everything we know.

After a historic year of loss, Exxon is cutting jobs and reorganizing its workforce. Follow this story for updates.
Finance 2021-01-26T15:47:20Z

Nancy Pelosi's husband has plowed up to $1 million into bullish bets on Tesla stock

Paul Pelosi made up to $3.5 million in total security purchases, including Apple and Disney call options and AllianceBernstein stock.
Retail 2021-01-26T15:30:00Z

Why college textbooks are so expensive

Almost 80% of the textbook industry is dominated by five publishing companies. The costs of textbooks overall have rose 67% from 2008 to 2018.
Finance 2021-01-26T15:25:38Z

BlackRock boss Larry Fink calls on CEOs worldwide to disclose concrete plans for reaching net zero by 2050

BlackRock's CEO Larry Fink told companies to "disclose a plan for how their business model will be compatible with a net zero economy."
Premium Finance 2021-01-26T14:55:51Z
Premium Finance 2021-01-26T14:08:00Z

SIGN UP FOR OUR LIVE EVENT NEXT WEEK: Execs from Goldman Sachs, Lead Edge Capital, and Latham & Watkins reveal what's on tap for the red-hot IPO market in 2021

A banker, a lawyer and a venture capitalist share their secrets for how to think about the IPO market this year.
Premium Media 2021-01-26T13:05:15Z

11 high-profile SPACs to watch in 2021 as speculation about media consolidation heats up

Big names like Ben Lerer, Charlie Ergen, and Joanna Coles are spearheading SPACs by playing up their deep expertise in media.
Premium Finance 2021-01-26T13:00:00Z

Personal finance app Dave just hired one of the lead executives behind the Apple Card, and he's already thinking about new features the startup can roll out

Jarad Fisher, former lead executive of Apple Card, will become Dave's first chief commercial officer focused on product strategy and partnerships.
Premium Finance 2021-01-26T12:30:00Z

A fintech automating the back office just raised a $60 million Series C led by Sequoia at a $600 million valuation. Investors explain why they're impressed with the 'elite team' of cofounders.

Pilot was founded by three MIT alumni who worked on two other startups together. This time they're on a mission to automate the back office.
Finance 2021-01-26T10:50:00Z

Apollo billionaire Black to step down — How to land a crypto job – End of banker burnout

The top finance stories for January 26, including the latest news on how to land a job in crypto trading.
Finance 2021-01-26T09:33:00Z

Top Swiss bank UBS crushes expectations with 54% rise in 4th-quarter net profit as income from wealthy clients swells

The Swiss lender's results unveil a strong start to the tenure of new chief executive Ralph Hamers, who took over from Sergio Ermotti on November 1.
Finance 2021-01-25T22:13:32Z

Billionaire Apollo CEO Leon Black to resign after investigation reveals he paid $158 million to Jeffrey Epstein

An independent review found that neither Black nor Apollo employees had been involved with Epstein's criminal activities.
Premium Finance 2021-01-25T19:43:45Z

How to land a job in the red-hot world of crypto trading and investing, according to 7 insiders from firms like Grayscale and Galaxy Digital

Big firms in the world of crypto trading are hiring right now. These tips can help you navigate the recruiting process and land a job.
Finance 2021-01-25T18:42:04Z

A 22-year-old CEO wants to educate Gen Z with an app he compares to the Duolingo of financial literacy

Bolun Li spoke to LinkedIn News in late January about his Zogo app, financial literacy, and how Gen Z is poised to disrupt the finance industry.
Premium Finance 2021-01-25T17:37:16Z

Dinakar Singh's Axon Capital soared 74% last year. The former Goldman Sachs partner lays out the opportunities he's eyeing in 2021.

The $400 million hedge fund has already started 2021 up 7% so far. Singh tells Insider where he is making his bets this year.
Premium Real Estate 2021-01-25T16:55:12Z

How full Democratic control of Washington DC could change mortgage rates

Joe Biden's first presidential term and Democratic majorities in the House and Senate are expected to boost mortgage rates throughout 2021.
Premium Finance 2021-01-25T16:09:18Z

Wealth deals could see another record-setting year, and 7 firms that are on the hunt for RIAs shared their plan of attack

After a record year for wealth management M&A, more deals are expected this year. Business Insider is taking you inside some of the firms' plans.
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