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Premium Finance 2020-07-03T13:19:00Z
CME trading floor

JPMorgan volatility traders raked in $700 million through June — 3 times what they brought in for all of 2019. Here's how they outpaced Goldman Sachs and Morgan Stanley on the hottest trade of the year.

Trades linked to massive spikes of volatility have wiped out some funds in 2020. But most Wall Street banks raked in stellar first-half revenues.
Premium Finance 2020-07-02T16:02:04Z
coronavirus hackers

Cyberattacks against financial firms are up 238%. Experts explain why deep-pocketed private equity firms are most at risk.

Private equity, and their portfolio companies, represent the latest target for hackers since banks and hedge funds have shored up defenses.
Premium Finance 2020-07-03T12:53:00Z
Amazon warehouse

Commercial real-estate hiring is heating back up. From strategy-focused exec jobs to the red-hot industrial space, 4 recruiters lay out roles they're trying to fill.

Commercial real estate companies are hiring more executive-level strategic roles, and also filling spots focused on industrial real estate.
Premium Finance 2020-07-03T16:00:23Z
Markets 2020-07-03T15:02:01Z

Facebook's stock price has had a rollercoaster year driven by an ad boycott, censorship controversies, and blockbuster results. Here are its biggest moves in 2020.

The social-media giant was one among the good performers despite the storm of the pandemic, but its stock now tells us a different story.
Premium Finance 2020-07-03T14:00:00Z

Meet Material Bank, a Bain-backed logistics startup disrupting the architecture industry. Here's a look at its vision for becoming the Amazon of design.

Investors are betting that the design and construction material industry is primed for the sort of e-commerce revolution that changed consumer retail.
Markets 2020-07-03T13:59:00Z

These 6 charts from the June jobs report show how much the economy has recovered — and how much further it has to go

"The bounce is impressive and welcome but there is a long road ahead to restore all the jobs that were lost in this recession," said BofA economists.
Markets 2020-07-03T13:54:00Z

'Capital markets are not free': Billionaire investor Ray Dalio says the Fed is boosting asset prices, valuation metrics don't apply, and the US dollar is at risk

"The economy and the markets are driven by the central banks in coordination with the central government," the Bridgewater Associates co-chief said.
Finance 2020-07-03T13:52:00Z

From warehouses to office space, real-estate markets are being turned upside down. These are the winners and losers.

Flex-office firms are struggling, and companies are rethinking leases for offices. Meanwhile, demand for warehouse space is emerging as a bright spot.
Markets 2020-07-03T12:10:44Z

10 things you need to know in markets today

This is what traders are talking about.
Premium Markets 2020-07-03T12:05:00Z

GOLDMAN SACHS: Buy these 13 stocks that are poised to crush the market within the next 2 weeks as earnings season gets underway

Stock liquidity has been hard to find, and Goldman Sachs says these stocks that are a little safer from market turmoil have a major advantage.
Markets 2020-07-03T11:33:19Z

A handful of multi-strategy hedge funds posted huge gains in the first half this year, bucking the industry's trend of underperformance

The big winners were: Chicago-based Citadel Advisors, Izzy Englander's Millennium Management, and Balyasny Asset Management.
Markets 2020-07-03T09:43:58Z

Goldman Sachs says global oil demand won't rebound to pre-coronavirus crisis levels until at least 2022

Gasoline demand is expected to be the fastest to recover among oil products due to a transition in consumer behaviour, Goldman said.
Markets 2020-07-02T20:04:45Z

Nasdaq closes at record as traders cheer strong jobs report

American businesses added 4.8 million payrolls last month, according to the Bureau of Labor Statistics, beating expectations of a 3 million increase.
Premium Markets 2020-07-02T19:50:00Z

The most accurate tech analyst on Wall Street says these 6 stocks have potential for huge gains as they transform the sector

Brent Bracelin has become the most accurate analyst on Wall Street as the cloud-computing companies he covers have skyrocketed in 2020.
Insider Intelligence 2020-07-02T19:02:00Z

PPP SMALL BUSINESS LOANS: How $659 billion in coronavirus-linked loans are being spread across lenders, states, and industries

This report examines the first round of PPP funding, including approval patterns and how loans spread across lenders, geographies, and industries.
Premium Finance 2020-07-02T17:51:00Z

An app helping families save for college used this pitch deck to raise $9 million from investors like Anthos Capital and NBA all-star Baron Davis

Since February, UNest has added 25,000 accounts and will use the funding to invest in more marketing and brand awareness.
Science 2020-07-02T16:39:00Z

Power Line: Exxon's confusing bet on algae — Rising stars of clean energy — Top oil stocks

Power Line is Business Insider's weekly energy newsletter. Sign up to get it in your inbox every Friday.
Markets 2020-07-02T16:13:00Z

'We are still in a deep economic hole': 5 economists explain why the June jobs report is weaker than it appears

"Any improvement is good, but we still have a long way to go before we can return to pre-crisis levels," said Daniel Zhao of Glassdoor.
Markets 2020-07-02T15:44:07Z

CEO confidence climbs in 2nd quarter, with 70% expecting economic improvement by 2021

One in 10 CEOs surveyed by The Conference Board thinks the economy improved over the past six months, but only 16% expect the economy to worsen by 2021.
Markets 2020-07-02T14:40:00Z

Tesla shares surge 10% to record high after 2nd-quarter deliveries beat estimates

The company's production levels were down 20% as the COVID-19 pandemic halted production at its factory in Fremont, California.
Premium Finance 2020-07-02T13:57:00Z

Investors at Point72 and Goldman Sachs believe industry giants like FIS and Fiserv will be the next to be disrupted by fintech. Here's where they are most susceptible.

Infrastructure players have massive scale, but they've fallen behind on tech, leaving space for fintechs to disrupt their businesses piece by piece.
Markets 2020-07-02T13:41:00Z

Dow surges 440 points after US adds way more jobs than expected in June

American businesses added a better-than-expected 4.8 million payrolls last month, while the US unemployment rate fell to 11.1%.
Finance 2020-07-02T13:11:00Z

TransferWise obtained a UK license to offer investment products on its platform

The FCA authorized TransferWise to offer investment products in the UK, and it should partner with third-party marketplaces to widen customer reach.
Markets 2020-07-02T12:47:37Z

US weekly jobless claims hit 1.4 million, more than economist forecasts

Despite the historically elevated number, Thursday's Labor Department report marked the 13th straight week of declining claims.
Markets 2020-07-02T12:45:42Z

Failure to slow the spread of COVID-19 could spark a full-blown financial crisis, Fed president says

The US is "still in the middle of the crisis," St. Louis Fed chief James Bullard said, adding "the disease is still quite capable of surprising us."
Finance 2020-07-02T12:45:14Z

Chime is rolling out a new credit card that helps users improve their credit scores

Chime has launched a new Visa credit card, dubbed the Chime Credit Builder Card, designed to help customers build a credit history.
Premium Markets 2020-07-02T12:05:00Z

A 22-year market vet explains why stocks are headed for a 'massive reset' as the economy struggles to recover from COVID-19 — and outlines why that will put mega-cap tech companies in serious danger

"And I think today, there's a lot of foolish behavior going on in the market — and ultimately they're going to pay," said David Neuhauser.
Markets 2020-07-02T12:01:06Z

10 things you need to know before the opening bell

This is what traders are talking about.
Markets 2020-07-02T12:00:00Z

3 reasons why Bank of America says to be bullish on US stocks, including economic surprise index hitting record high

The note comes the same day JPMorgan listed 3 reasons to be bullish on stocks, and a day after the S&P 500 posted its best quarter since 1987.
Markets 2020-07-02T11:29:48Z

The IMF's chief economist poured cold water on the Bank of England's claim the UK is heading for a V-shaped recovery

The UK economy could see "a spike initially, and then going forward, I think we could end up with something much more flat," Gopinath said.

Billionaire 'bond king' Jeff Gundlach dissed day traders, downplayed a 'V-shaped' recovery, and defended Trump's tax cuts in a recent interview. Here are his best quotes.

"There are several more shoes, if not Imelda Marcos' closet full of shoes to fall on this economic and market situation."
Finance 2020-07-02T11:04:00Z

DIGITAL IDENTITY AND THE FUTURE OF BANKING: How digital identity can slash the costs of onboarding and regulatory compliance by up to 70% for banks

This report defines digital ID, discusses the technologies used to deliver the solution, and lays out why banks could be a leader in digital identity.
Markets 2020-07-02T11:00:52Z

The coronavirus pandemic will fundamentally shift how the UK economy works forever. Here are 5 ways it will change.

The current scale of government intervention used to protect the nation will add pressure to aid other parts of the economy.
Markets 2020-07-02T09:46:22Z

Billionaire John Paulson, who netted $20 billion from the 2008 'Big Short' crisis, quits the hedge fund world

"With one chapter closing, a new one is beginning ... and I look forward to continuing as an active participant in financial markets," Paulson said.
Finance 2020-07-02T00:02:00Z

REGTECH REVISITED: How the regtech landscape is evolving to address FIs' ever growing compliance needs

A new 2018 report from Business Insider Intelligence provides a brief overview of the current global financial regulatory compliance landscape and the regtech industry's position within it.
Finance 2020-07-01T23:00:00Z

THE DIGITAL BANKING ECOSYSTEM: These are the key players, biggest shifts, and trends driving short- and long-term growth in one of the world's largest industries

This report explores the incumbent banking landscape as a whole, and the third parties banks are calling on to help their transition to digital.
Finance 2020-07-01T22:00:00Z

These are the winning strategies for AI in banking

Download this FREE report to read Business Insider Intelligence's analysis of effective strategies to capture AI's potential in banking.
Premium Finance 2020-07-01T20:44:47Z

A 179-year-old data shop just raised $1.7 billion in an IPO. Dun & Bradstreet's president walked us through its quick return to public markets and why the company's in high demand.

The company spent 16 months under private ownership before returning to the public markets, where its offering was upsized.
Markets 2020-07-01T20:08:01Z

US stocks close mixed as traders weigh vaccine progress against disappointing jobs data

The Dow fluctuated between gains and losses throughout the afternoon before ending the day slightly lower.
Markets 2020-07-01T19:28:42Z

The US economic recovery could take 'just 4 or 5 years' if coronavirus is controlled, Fed president says

The US could see economic recovery quickly if there's a coronavirus vaccine or robust mitigation strategy, said Mary Daly, San Francisco Fed president.
Markets 2020-07-01T19:04:00Z

Fed officials pushed for clearer guidance on future policy, meeting minutes show

Central bankers agreed clearer forward guidance is "important" to effectively guiding markets and legislators through the rebound.
Premium Finance 2020-07-01T18:54:56Z

Billions of dollars of Las Vegas development is up in the air right now, but the owner of Caesars Palace sees the city's crisis as an opportunity to imagine its next mega-project.

The owner of Las Vegas's largest casino resorts is arranging to buy 23 acres just east of the Las Vegas strip for roughly $100 million.
Premium Finance 2020-07-01T18:54:00Z

Goldman Sachs predicts oil will surge more than 30% by next year. Here are 9 energy stocks it says to buy now to benefit from the recovery.

As oil markets enter their third month of recovery, Goldman Sachs analysts share their advice on which energy stocks to buy — and which to ditch.
Markets 2020-07-01T17:59:49Z

BANK OF AMERICA: Wall Street bullishness gauge spikes most in 2 years, signaling a 11% gain for S&P 500 within a year

The bank's metric gained to 55.8% from 54.9% in June, a sizable increase but still "far from the euphoria one sees at the end of bull markets."
Markets 2020-07-01T17:54:15Z

These were the 10 most popular stocks on Robinhood in the month of June

Robintrack is a platform that uses data from Robinhood's API to track how many Robinhood users own a particular stock over time.
Markets 2020-07-01T17:37:00Z

US stocks rise as COVID-19 vaccine progress offsets disappointing jobs data

Stocks climbed in regular trading, reversing premarket losses, following positive COVID-19 vaccine trial data from Pfizer and BioNtech.
Markets 2020-07-01T17:33:00Z

3 reasons why JPMorgan just doubled down on its US stock bullishness

Kolanovic said summer seasonality "should help the volatility spike continue to fade," which could drive investors to buy stocks throughout summer.
Markets 2020-07-01T16:55:55Z

FedEx skyrockets 17% on surprise revenue beat and a slew of Wall Street upgrades

More than a dozen Wall Street analysts rushed to upgrade their FedEx price targets following the company's earnings Tuesday.
Markets 2020-07-01T15:44:26Z

Top US manufacturing index jumped the most since 1980 in June as reopenings spurred growth

The Institute for Supply Management's manufacturing gauge soared 9.5 percentage points to 52.6 last month, topping economists' 49.8 estimate.
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