Credit-card data is broken. Here's how hedge funds and banks are trying to retool one of the original alt-data trades.
Firms are using techniques like post-stratification weighting and "swarming" to help correct how the pandemic has skewed alternative data sets.
Google Cloud just poached a long-time Citi exec. Here's why public-cloud giants keep adding Wall Street veterans to their ranks.
Yolande Piazza, who previously served as the CEO of Citi Fintech, will join Google Cloud as a vice president of financial services.
Amazon just signed its largest-ever warehouse lease in NYC. Here's how it's been making deals left and right to grow its massive storage and distribution network.
Amazon is quickly expanding its network of storage and distributions spaces, and that's providing a big boost to the industrial real-estate market.
Renowned VC Marc Andreessen says he gets no emotional rush when he wins big on an investment, and that keeps him from making irrational bets. 'I actually don't have the gambling gene'
Although Marc Andreessen said he doesn't feel a dopamine rush when he gambles, he sometimes approaches VC like a professional poker player.
THE MONETIZATION OF OPEN BANKING: How legacy institutions can use open banking to develop new revenue streams, reach more customers, and avoid losing out to neobanks and fintechs
Business Insider Intelligence identifies various open banking monetization strategies and outlines actionable steps to make them successful.
THE PAYMENTS ECOSYSTEM: The biggest shifts and trends driving short- and long-term growth and shaping the future of the industry
In this report, Business Insider Intelligence examines the payments ecosystem today, its growth drivers, and where the industry is headed.
A top Mastercard exec lays out why the card giant is spending $825 million to buy financial-data startup Finicity
Finicity's data-sharing platform enables banks, fintechs, and lenders to access financial data from customers.
The tech-heavy Nasdaq hit a record during Tuesday trading after a handful of positive economic-data reports.
Wall Street said it isn't laying off workers, but that doesn't mean banking jobs are safe forever. Here's who's most at risk.
Some global banks have already resumed massive cuts they'd put on pause amid the pandemic soon after Wall Street pledged not to lay off workers.
Mnuchin also said that it's highly unlikely that the US will shut down the economy again, even as fears of a second wave of coronavirus cases mount.
Morgan Stanley handpicks 10 stocks to buy now for the richest profits as travel and outdoor activities transform in the post-pandemic world
A large team of analysts concluded that these companies will benefit the most from the big changes to how travel and tourism are conducted.
‘Elizabeth Warren is right’: Activist investor Jeff Ubben quits his $16 billion hedge fund to launch an ESG firm, citing companies that ‘aren’t working for society or nature’
The activist investor hopes to use his new fund to "prove that there's a return" in impact investing, The Financial Times reported.
US new-真人百家家乐网站home sales jumped nearly 17% in May, more than economists expected, as buyers rushed back to the market
Record-low mortgage rates and pent-up demand from months-long coronavirus lockdowns have fueled the housing market rebound.
Square has started withholding some customer payments, angering business owners who say they need the money amid the coronavirus crisis
Business owners told The New York Times that Square has been withholding up to 30% of customer payments.
Goldman Sachs designed its glitzy London office with public transportation in mind — months before the coronavirus hit. Here's how the company is figuring out the logistics of getting employees back into the office, especially with a lack of parking spots.
Sheila Patel, chairman of Goldman Sachs Asset Management, spoke with Business Insider about how her team is thinking about getting back to the office.
Dennis Lynch and Kristian Heugh run the best large-company stock funds of the last 10 years. The legendary investors break down the 5 principles that guide their quest for long-term growth.
World-class stock pickers Dennis Lynch and Kristian Heugh lay out 5 principles that help them find companies to invest in and run their business.
Global economy to shrink 'disastrous' 4.7% in 2020 amid post-pandemic scarring, Bloomberg economists forecast
Output won't fully rebound until the second quarter of 2021 as unemployment lingers and consumer confidence remains suppressed, the economists said.
'At some point, owners of a business deserve a return, too': Delta CEO defends stock buybacks despite $5 billion bailout
Delta Air Lines CEO Ed Bastian defended the airline's $11.5 billion in stock buybacks during the 2010s, and the coronavirus bailout it received.
US business activity jumps to a 4-month high in June, showing that the shock of the coronavirus pandemic is easing
"The improvement will fuel hopes that the economy can return to growth in the third quarter," said Chris Williamson of IHS Markit.
The pandemic has revealed clear blindspots in a transportation business that had been booming on several fronts before worldwide shutdowns began.
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.
The Fed's unprecedented relief measures could form the greatest financial bubble in history, Ed Yardeni says
The Fed's March 23 policy announcement prompted a "Mother of All Meltups" in the stock market that could just as quickly collapse, Yardeni said.
The definitive collection of the best investing stories Business Insider published during the week ended June 23.
SoftBank executives set to lose hundreds of millions on complex Wirecard trade inspired by Warren Buffett
Wirecard's share price has tanked 80% in the last few days, likely erasing gains that a small group were set to make on a complicated trade.
We talked to billionaires, business titans and an NBA star about the Apollo cofounder who wants to buy the New York Mets. Here's how he can apply his private equity turnaround playbook to a team that haven't won a World Series since 1986.
Under Josh Harris' leadership, his teams have undergone managerial and operational changes, with upgraded facilities and Ph.D. holders running data analysis.
A forensic financial expert broke down how $2 billion vanished from the balance sheet of Wirecard, whose ex-CEO was just arrested
The German payments group Wirecard has come under intense scrutiny since it said $2 billion from its balance sheet likely never existed.
Here's why small businesses are ditching their banks and turning to fintechs like Plaid and PayPal to navigate the complicated process of PPP loan forgiveness
Executives at EY, Plaid, PayPal, and BlueVine explain why forgiveness of PPP loans is so tricky and how they're looking to help.
The three stocks follow an ascending triangle breakout pattern, which is just one technical chart pattern that technical analysts use to to buy a stock.
The White House adviser Peter Navarro roiled markets overnight with negative trade comments that he and Trump rushed to walk back on Tuesday.
Goldman says investors may limit stock purchases due to risk of a 2nd wave of coronavirus cases and the 2020 presidential election
"Periods of elevated policy uncertainty have generally coincided with lower-than-average equity allocations during the past 30 years," said Goldman.
Ryan Cohen, a big fan of Warren Buffett, echoed his view that long-term investors should want the stock market to go down.
American Airlines is raising another $3.5 billion, validating Warren Buffett's decision to dump the 'big four' carriers
"They are saying to the debt holders and investors, 'You've got to put more money into this business if we're going to be able to continue.'"
'Value is not working': Inside a 2-day virtual gathering of bargain-seeking investors struggling with a market that's been stacked against them for a decade
"If you want to find value hidden beneath a rock, be prepared to do some heavy lifting," one speaker's final slide read.
Former Wirecard CEO Markus Braun has been arrested in Germany, days after the company reported that $2.2 billion was missing
An arrest warrant was issued by Munich police in name of the former paper billionaire for market manipulation and over false statements of data.
Europe's economy bounced back sharply in June, but is not quite on track for a 'v-shaped' recovery yet, according to a widely-watched business survey
Markets will take only modest comfort from the business surveys as there isn't firm evidence of a strong 'V' shaped recovery for any economy.
New York's commercial real-estate industry is concentrated in the hands of rich white men. One of the few Black brokers to rise through the ranks says top brokerages should emulate the construction industry if they're serious about diversity.
Professionals of color describe a business dominated by personal connections, family legacies, and professional pedigrees.
The head of Edward Jones shares the company's plan for reopening offices during the pandemic and what it takes to land a job at the financial-services firm managing $1.3 trillion in assets
Penny Pennington was recently impressed by an employee who equipped every single associate at the financial-services firm to work remotely.
"To go and day trade and think that you are investing, that's what I think is absolutely wrong and is likely to be simply disastrous for people."
Trade adviser Peter Navarro walked back a statement made in a Fox interview that a deal was "over" while Trump took to Twitter to say it's still on.
BANKING AND PAYMENTS FOR GEN Z: These digital natives are the next big opportunity — here are the winning strategies
Business Insider Intelligence uses a six-point framework to explain the core attributes that Gen Z values in a banking and payments product.
FINTECH AND FINANCIAL INCLUSION: How low-overhead direct banking models enable banks to profitably serve the US' 33 million underbanked households
Business Insider Intelligence explores the growing opportunity for incumbent banks to tap into the financially underserved.
Meet 2019's Rising Stars of Wall Street from firms like Goldman Sachs, Blackstone, and Apollo shaking up investing, trading, and dealmaking
From starting a hedge fund before 30 to running alternative-data shops and helping lead $27 billion investments, this group is in a league of its own.
MORGAN STANLEY: The best-performing stocks for the end of recessions are loaded for surprising gains in the second half of the year. Here's what to buy now so your portfolio is ready.
Morgan Stanley lays out two ways to profit from more plot twists in the stock market — including a faster recovery than many expect.
Billionaire investor Bill Ackman's 'blank check' company is seeking to raise as much as $6.45 billion
"We will have the largest amount of committed capital of any blank check company upon the completion of this offering," the company said.
Billionaire Bill Ackman says he thinks of Pershing Square more like a private-equity shop than a hedge fund when it comes to hiring staff
Ackman, in an online conference hosted by Bloomberg, said he values private equity experience above all because "we're really a private equity firm."
New coronavirus cases continue to climb across the US as states reopen their economies from sweeping lockdowns that began in mid-March.
The updated price target reflects the bank's view "that our Bear case has a higher probability of occurring than our Bull case," wrote Adam Jonas.
SoftBank's Vision Fund is scrapping an 'IPO readiness group' and telling its portfolio companies to handle the process themselves
The tech-investing giant has its eye on at least one IPO this year, as insurance-tech company Lemonade readies its offering.
Economic reopenings will drive the first bounce-back but fail to revive 2019 highs, Schwarzman said during the Bloomberg Invest Global conference.
Left pinned a $30 price target on Sonos for 2020, implying 130% upside, and said the stock could surge even more.