Robots, remote hires, and insourcing: A top UBS exec lays out how the Swiss bank is tackling the future of work
UBS's COO gives her outlook for the bank's use of robots; insourcing; remote hiring; its real-estate footprint; and business-continuity sites.
Investors are flying blind during the pandemic when it comes to valuing private shares — and it could be what finally makes unicorn profitability a must-have
Investors typically rely on company projections and disclosures to estimate valuations, but the pandemic has disrupted forecasts and delayed filings.
There's never been a better time for banks to buy fintechs, according to a Capital One cofounder. Here's why both sides need each other more than ever.
Nigel Morris, who cofounded Capital One and spent 10 years as its president and chief operating officer, explained why the two sides need each other.
Goldman said "a security whose appreciation is primarily dependent on whether someone else is willing to pay a higher price for it is not a suitable investment..."
LendingArch is expanding to the US and is well positioned to find uptake in the market since it already has a foothold through existing partnerships.
Billionaire investor Bill Ackman took a 'pretty large stake' in a mystery company during the market meltdown, then sold it weeks later
Ackman's Pershing Square fund dumped the shares and reinvested the proceeds in its existing holdings.
These are the 8 mega-billionaires who have gotten the biggest boost to their net worth this year as the world has grappled with coronavirus
Markets have been on a rebound rally since bottoming in March. While the S&P 500 and Dow are down this year, the Nasdaq erased 2020 losses in May.
An anonymous investor on Reddit claimed he turned $100,000 into $2.2 million, and says he's now betting big on a cruise line
Sharing his trading tale of profit on Reddit, the investor posted a screenshot showing sizeable gains made over the past four years.
An additional 2.1 million Americans filed for unemployment last week, bringing the 10-week total to nearly 41 million.
Starling's plan to reach profitability in early 2021 and launch an IPO have been delayed by the coronavirus
Starling's plans for reaching a break-even point and launching an IPO in the longer term have been delayed by the effects of the pandemic.
Billionaire Ray Dalio is one of the world's richest hedge fund managers. Here are his best quotes on everything from the markets to meditation.
Ray Dalio who founded Bridgewater Associates, made a whopping $2 billion last year according to the Institutional Investor's Annual Rich list.
The surge in such charges arrives as consumer spending plummets, leaving card issuers and consumers at a rapidly growing risk of losses.
"At this pace, claims won't be back below 1 million until September," said Ian Shepherdson, chief economist at Pantheon Macroeconomics.
Bankruptcies have hit the fastest pace since the Great Recession — and more companies are expected to file
This year alone, 98 companies have filed for bankruptcy, the most since 2009, according to Bloomberg data. It's likely even more will file.
David Herro was the world's best international stock-picker for a decade straight. He breaks down 8 stocks he bet on after the coronavirus decimated markets — and 3 he sold.
David Herro's unexpected stock picks won him acclaim in the past. After the market crash, the hunt for new opportunities had him busier than ever.
A part-time real-estate investor quit his traditional job 5 years after snagging his first deal. He shares his no-hassle strategy that's allowed him to travel the world with his 6 kids.
"At the time, I was a real-estate newbie — I didn't really know anything," said Erik Schauman in an exclusive interview with Business Insider.
From warehouses to office space, real-estate markets are being turned upside down — and 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.
IBM is ditching a big WeWork office it has been renting in NYC — showing risks for the flex-space model as the pandemic prompts big companies to rethink real-estate needs
WeWork had heralded IBM's lease at 88 University Place as an important shift in its business from startups to Fortune 500 firms. Now IBM is exiting.
WeWork is grappling with a fresh setback after the pandemic emptied offices. Here's the latest on job cuts, financials, and legal battles.
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.
Mohamed El-Erian compared coronavirus stimulus packages to a poker game, and warned policymakers going 'all in' could backfire
El-Erian suggested clearly outlining metrics of success and course-correct if needed since policymakers are prone to "acting in the fog of war."
Billionaire investor Carl Icahn dumped all of his Hertz shares at an almost $2 billion loss after the car-rental giant's bankruptcy
Icahn sold his 39% stake in the car-rental giant for less than $40 million after it filed for bankruptcy last week.
WeWork is set to vote on adding 2 new independent board members after big investors suing SoftBank unsuccessfully tried to stop it
Two of WeWork's board members are fighting moves to install a pair of directors who they say could decide the fate of a lawsuit against SoftBank.
Ackman's Pershing Square fund sold its $1 billion stake in Berkshire to free up cash in case prices fall again.
A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008
The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.
Jeffrey Epstein is the subject of a major Netflix docuseries. Here are the key moments from the convicted sex offender's past, famous connections, and controversial death.
The multimillionaire faced charges in the sex trafficking of teenage girls. He died by apparent suicide in the Metropolitan Correctional Center.
The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.
Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.
A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.
All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.
All 50 US states as of Memorial Day weekend have relaxed at least some of the restrictions put in place mid-March to contain the spread of COVID-19.
The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day.
Several users took to Twitter with complaints that their account values moved out-of-step with underlying investments.
Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.
Bank of America says a new bubble may be forming in the stock market — and shares a cheap strategy for protection that is 'significantly' more profitable than during the past 10 years
The coronavirus crisis has made US stocks the "safest risk assets" — and Bank of America sees a bubble forming.
Peloton rides, beer by mail, and bouncy castles: Lawyers share their secrets to getting and keeping clients during a pandemic
A lawyer's network is a key source of business opportunities, but the traditional ways of bonding outside the office have vanished.
Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility'
Fresh risk-on attitude and the Fed's lending efforts can drive a strong rally as long as a second wave of COVID-19 cases is avoided, Siegel said.
The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows
Yield-curve control allows central banks to target certain long-term interest rates through the limitless buying and selling of bonds.
THE MILLENNIAL FINANCIAL HEALTH REPORT: How the largest generation is saving and managing their money, and how banks can target products and messaging to reach them
This report identify three millennial sub-generations, the unique financial needs and challenges of each, and the ways providers can tap into them.
A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor
"We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.
Pay for top engineers is immune from cuts at startups that fear losing them and would rather slash executive salaries to reduce costs
An analysis of late-stage tech companies from Thomvest Ventures found that many were in favor of slashing executives' salaries to avoid layoffs.
Moderna falls 20% amid report that insiders have sold $89 million in shares this year as the stock has spiked
According to STAT News, the Moderna executives' sales have led to combined profits of more than $80 million.
The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said
To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.
The company described the layoffs as "the first," with more expected later in the year.
EU plans a record-breaking $826 billion stimulus package to soothe Europe's economic pain from the coronavirus
The European Commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.
GOLDMAN SACHS: Buy these 25 stocks that are wildly popular with hedge funds — and have crushed the market this year
Ben Snider, a strategist at Goldman Sachs, makes a compelling case for owning the stocks that hedge-fund managers love most.
Bankrupt Hertz just told all its landlords it won't pay rent for 6 months in the latest slam to commercial real estate
The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.
Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic
"The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," Dimon said.
Cruise companies were among the hardest hit by the pandemic, as infamous vessel outbreaks led analysts to fear a prolonged downturn for the sector.
Members of Parliament in the UK are concerned that plummeting ATM usage due to the pandemic may put its cash infrastructure in danger of collapse.
Billionaire investor Mario Gabelli's flagship fund has delivered a 3,082% return since its inception. He told us his 13 favorite stocks right now — and the trends he's betting on for a post-coronavirus world.
The veteran investor told Business Insider about his favorite inexpensive stocks that are also benefiting from powerful economic forces.