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BI Prime Markets 2020-05-28T12:16:00Z
David Herro

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.
BI Prime Markets 2020-05-28T15:41:37Z
trader yelling

MORGAN STANLEY: Buy these 23 high-growth stocks that look poised to deliver market-beating returns over the long term

A team of Morgan Stanley equity analysts make a case for 23 stocks they "expect to grow strongly well into the future."
BI Prime Markets 2020-05-28T12:11:00Z
real estate

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.
Politics 2020-05-29T03:43:00Z

Trump cruises on caps lock to claim mail-in voting will 'LEAD TO THE END' for Republicans

Despite the Trump administration's alarming characterization of voter and mail-in voting fraud, real-life cases have been scant.
Transportation 2020-05-28T20:58:00Z

Elon Musk has officially hit the first milestone of his $55 billion compensation package

Elon Musk doesn't take a salary for running Tesla, and most of his wealth is tied up in stock. Now, he can buy even more shares at a big discount.
Markets 2020-05-28T20:08:25Z

US stocks erase gains, close negative after Trump announces Friday press conference on China

Stocks snapped a three-day winning streak amid mounting concerns that the US-China conflict is escalating.
Markets 2020-05-28T19:21:04Z

US corporate bond sales surge past the $1 trillion threshold at the fastest pace ever

Only $548 billion worth of bonds were sold at the same time last year, Bloomberg reported, and the $1 trillion level wasn't reached until November.
Markets 2020-05-28T18:36:37Z

US mortgage rates fall to a record low for the 3rd time since March

"The housing market is continuing its path to recovery as various states reopen, leading to more buyers resuming their home search," said Joel Kan.
BI Prime Finance 2020-05-28T18:19:00Z

Web traffic data shows the biggest winners and losers across 11 different industries during the pandemic: Interest in Chipotle soared while Gucci traffic sank

Data from SimilarWeb shows just how much busier pandemic traffic for darlings like Zoom and Peloton have been since people were forced to stay inside.
Markets 2020-05-28T17:56:34Z

'You have an obligation to others': Mitch McConnell urges Americans to wear face masks in public

The remarks are a stark contrast to Trump, who has refused to wear one in public and mocked a reporter who did so at a White House press conference.
Markets 2020-05-28T17:00:34Z

The US-China trade war has erased $1.7 trillion from US companies' market value, Fed report says

US firms "bore virtually all of the cost" of the new tariffs, the Fed's report said, eating away at earnings over the two-year conflict.
Markets 2020-05-28T16:51:00Z

Wall Street firm that nailed the market bottom now expects the S&P 500 to jump 8% by the end of August

Stifel previously called for a 15% relief rally on March 19, two trading sessions prior to the March 23 bottom.
Markets 2020-05-28T16:28:00Z

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.
Markets 2020-05-28T16:26:00Z

Total US unemployment shrinks for the first time since coronavirus layoffs began in March

It is "a positive for the economy as more people are going back to work as states begin the re-opening process," said Chris Zaccarelli of the IAA.
Markets 2020-05-28T16:13:24Z

If the Fed takes interest rates negative, it will do so in spectacular fashion and avoid 'dipping a policy rate toe' below zero, Standard Chartered said

The bank said a rate cut to -0.5 or -1% below zero would push the Treasury yield curve negative as far out as the 10-Year.
Markets 2020-05-28T15:27:27Z

JPMORGAN: Economic reopening isn't enough to drive a consumer spending rebound, credit-card data show

Trends across states with varied reopenings suggest "lifting formal restrictions has not been enough to restart consumers' engines," JPMorgan said.
Markets 2020-05-28T14:59:00Z

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.
Markets 2020-05-28T14:53:00Z

Goldman Sachs lists 5 reasons why bitcoin is 'not an asset class', nor 'a suitable investment'

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..."
Markets 2020-05-28T14:40:13Z

The Trump administration won't release an official economic projection for the first time in decades as the US grapples with a historic downturn

The White House isn't publishing a forecast that would likely illustrate sharp reductions in growth and high unemployment ahead of the election.
Politics 2020-05-28T14:22:00Z

Dozens of companies that received multimillion-dollar coronavirus bailouts paid no taxes last year

Of the nearly 110 recipients of $4 million or more, Reuters found some 46 paid no corporate tax for the last year.
Markets 2020-05-28T14:20:00Z

Credit-card fraud surges 35% as coronavirus freezes the economy and wipes out jobs

The surge in such charges arrives as consumer spending plummets, leaving card issuers and consumers at a rapidly growing risk of losses.
Markets 2020-05-28T13:50:15Z

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.
Markets 2020-05-28T13:01:00Z

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.
Markets 2020-05-28T12:48:00Z

US weekly jobless claims hit 2.1 million, bringing the 10-week total to more than 40 million

"At this pace, claims won't be back below 1 million until September," said Ian Shepherdson, chief economist at Pantheon Macroeconomics.
Markets 2020-05-28T12:42:12Z

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.
BI Prime Finance 2020-05-28T12:30:00Z

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.
Markets 2020-05-28T11:35:50Z

10 things you need to know before the opening bell

This is what traders are talking about.
Markets 2020-05-28T11:01:24Z

EasyJet stock surges 7% as it slashes up to 4,500 jobs over COVID-19, and warns demand won't fully return until 2023

EasyJet plans to fly only around 30% of its planned capacity in Q4 2020 compared to Q4 19 and is reducing its fleet size as well.
Markets 2020-05-28T10:21:27Z

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."
Markets 2020-05-28T10:13:46Z

Global stocks bounce as investors focus on 'galactic' coronavirus stimulus and shrug off approval of China's new draconian law on Hong Kong

Mike Pompeo, the US secretary of the state, said on Wednesday that the US no longer considers Hong Kong as autonomous from China.
Markets 2020-05-28T08:49:33Z

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.
Finance 2020-05-27T22:20:00Z

Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor

Ackman's Pershing Square fund sold its $1 billion stake in Berkshire to free up cash in case prices fall again.
Tech 2020-05-27T21:58:02Z

Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again

A surge in domestic tourism is fueling a rebound in short-term rentals as states begin to ease lockdowns, according to data from AirDNA.
Markets 2020-05-27T20:23:04Z

Economists expect another 2.1 million Americans filed for unemployment insurance last week

The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.
Military & Defense 2020-05-27T20:12:10Z

'The most heart-wrenching report I have ever read': Nurses neglected soiled residents and reused IV equipment in Canadian nursing homes

A delay in changing soiled residents led to a "skin breakdown," and others were found not to have been bathed for several weeks.
Markets 2020-05-27T20:06:27Z

Dow soars 553 points on mounting optimism around a strong economic recovery

Stocks got a boost in midday trading when chipmaker Micron issued a quarterly sales forecast that beat estimates.
Markets 2020-05-27T20:00:34Z

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.
Markets 2020-05-27T19:52:00Z

Here's why 3 Wall Street analysts just boosted their Apple price targets

All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.
Markets 2020-05-27T19:49:00Z

These 5 'stay at home' stocks are getting pounded as the US economy reopens

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.
Markets 2020-05-27T19:16:03Z

Micron climbs 6% after boosting sales guidance by more than expected

The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day.
Opinion 2020-05-27T18:35:00Z

We lost the war in Afghanistan — time to come home

The US has suffered thousands of losses and spent trillions of dollars in Afghanistan and has nothing to show for it.
Markets 2020-05-27T17:55:41Z

Robinhood says it's fixed an issue that showed incorrect portfolio values for users

Several users took to Twitter with complaints that their account values moved out-of-step with underlying investments.
Markets 2020-05-27T17:30:35Z

One of the most profitable trades since 1993 is broken amid the coronavirus pandemic

Over the first 100 trading days of 2020, a trader that bought the close and sold the open would be down 19.7%.
BI Prime Markets 2020-05-27T17:17:59Z
Markets 2020-05-27T17:01:00Z
Markets 2020-05-27T16:18:00Z

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.
Transportation 2020-05-27T16:13:09Z

7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades

From cheaper cars and houses to cleaner air and better financial decisions, there are some glimmers of hope amid the gloom.
Markets 2020-05-27T16:11:20Z

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.
Markets 2020-05-27T15:54:11Z

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.
Markets 2020-05-27T15:38:00Z

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.
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