A new study shows emerging economies are catching up
Friday, August 14, 2020

It also sheds light on some of the mysteries of economic growth .. read more..

As the lira slides, what will Turkey’s central bank do?
Friday, August 14, 2020

The authorities are desperately trying to avoid rate rises .. read more..

Should personal financial data be sent to foreign tax authorities?
Friday, August 14, 2020

Activists argue current rules favour transparency over privacy .. read more..

In India, gold-based finance is booming
Friday, August 14, 2020

Jewellery turns to collateral in troubled times .. read more..

Blended finance is struggling to take off
Friday, August 14, 2020

Hopes that it will fill a trillion-dollar financing gap seem far-fetched .. read more..

Has the ECB found a way around the lower bound on interest rates?
Friday, August 14, 2020

Its cheap loans to banks could help kickstart inflation .. read more..

A Chinese Netflix Faces SEC Probe After Short-Seller Report
Friday, August 14, 2020

China’s iQiyi, a Netflix-like video-streaming company, said it was under investigation by the U.S. Securities and Exchange Commission, sending its shares plunging. .. read more..

Bernie Madoff's brother, co-conspirator Peter Madoff, released from federal c...
Friday, August 14, 2020

The Federal Bureau of Prisons confirmed in an email that Peter Madoff was released from home confinement on Aug. 13. .. read more..

Jim Simons' Renaissance fund dumped Apple and Amazon and boosted its Tesla st...
Friday, August 14, 2020

Renaissance Technologies sold its Apple and Amazon stakes and ramped up its Tesla investment last quarter, a regulatory filing shows . Jim Simons' quantitative hedge fund likely raked in $600 million to $900 million by selling the two tech stocks. RenTech also raised its Tesla stake by 44% after ... .. read more..

Stocks are little changed as S&P 500 tries once again to reach all-time high
Friday, August 14, 2020

Stocks were mostly flat on Friday as the S&P 500 attempted once more to reach its February record high. .. read more..

Congress fails to reach stimulus deal, leaving tens of millions of Americans ...
Friday, August 14, 2020

Even with millions of Americans desperate for aid, Congress has failed to reach a deal on a second stimulus package. Negotiations might drag on until September. .. read more..

German digital bank N26 is facing outcry from its staff over management
Friday, August 14, 2020

Staff at the Berlin-headquartered fintech company are holding votes this week to elect a board for a works council. .. read more..

Investment manager TIAA is shrinking headcount with aggressive buyouts. Here'...
Friday, August 14, 2020

The $1.1 trillion investment manager TIAA offered a voluntary separation package for employees, Business Insider reported in May.  About 10% of the company's 16,500 employees took the buyout, which will help avoid layoffs through 2021, a spokesman said.  Some financial institutions have... .. read more..

Meet 9 legal tech startups that top VCs say are poised to take off as law fir...
Friday, August 14, 2020

Investments in legal tech startups have steadily increased in recent years after an initial slow start, as law firms, in-house general counsel, and clients are seeking greater efficiency across the industry. Legal tech is still an emerging category said Miriam Rivera, co-founder and managing dire... .. read more..

U.S. Stocks Waver as Retail Sales Growth Slows
Friday, August 14, 2020

U.S. stocks struggled to find direction, putting major indexes on course to notch meager gains for the week, after new data suggested the continuation of a choppy economic recovery. .. read more..

Oil giants' surprising bets on fusion and biofuel
Friday, August 14, 2020

Welcome to Power Line, a weekly energy newsletter brought to you by Business Insider. Here's what you need to know: Want to get Power Line in your inbox every Friday? Sign up here .  Most of our content is available to BI subscribers. Click here for 20% off .  Got feedback? Email us at ... .. read more..

For Consumer Spending, This May Be as Good as It Gets
Friday, August 14, 2020

The harrowing decline and heartening rebound in consumer spending is over. Now comes the hard slog. .. read more..

INSURTECH DISRUPTORS: Here's exactly what full-stack insurtechs are doing to ...
Friday, August 14, 2020

This is a preview of the Insurtech Disruptors research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more fintech coverage with Fintech Pro. Subscribe today to receive industry-changing finance news and analysis to your inbox. Insurtech... .. read more..

The 10 best startup incubators and accelerators to help your new business gro...
Friday, August 14, 2020

Just one in 12 startups succeed, with most failing between their second and fifth year of growth. Startup incubators can help startups learn how to succeed, and accelerators help early-stage businesses grow faster. On average, incubated businesses have an 87% survival rate over five years. We res... .. read more..

This Fund Is Up 7,298% in 10 Years. You Don't Want It.
Friday, August 14, 2020

A leveraged fund that goes by its ticker, TQQQ, triples the daily upside of the Nasdaq 100 index. Only trouble is, it also triples the downside. .. read more..

The chemist who runs Chevron's $350 million venture fund shares an inside loo...
Friday, August 14, 2020

Chevron, the nation's second-largest oil company, runs an in-house venture fund with $350 million in investments.  The fund's president tells Business Insider that its investments are split between companies that support oil and gas production and those falling within the umbrella of clean energy... .. read more..

Bank of America upgrades Tesla and sees 8% upside over the next year after mo...
Friday, August 14, 2020

Bank of America on Friday upgraded Tesla to "neutral" from "underperform" and raised its price target to $1,750 from $800.  The new price target from the firm implies an 8% upside for Tesla shares over the next year.  Shares of Tesla ticked up as much as 4% on Friday. Morgan Stanley als... .. read more..

Cash App is testing out small consumer loans
Friday, August 14, 2020

This story was delivered to Insider Intelligence Payments & Commerce Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry with the Payments & Commerce Briefing. You can learn more abou... .. read more..

From warehouses to office space, real-estate markets are getting turned upsid...
Friday, August 14, 2020

Offices, hotels, and malls were emptied by the coronavirus. Even as they reopen, the disruption has many thinking we're looking at a new normal for how we occupy space.  Big firms are rethinking office needs — and some commercial real-estate deals are being put on ice as financing drie... .. read more..

Morgan Stanley upgrades Tesla stock and boosts price target on high hopes for...
Friday, August 14, 2020

Morgan Stanley analyst Adam Jonas upgraded Tesla shares to "equal-weight" from "underweight" late Thursday, citing a bullish outlook for the company's third-party battery sales. The bank also lifted its price target for Tesla stock to $1,360 from $1,050. The target still implies a 16% decline fro... .. read more..

Parts of the market 'are going to roar' while tech will climb modestly on sti...
Friday, August 14, 2020

David Bailin, Citi Private Bank chief investment officer, said tailwinds from the stimulus and good news of a vaccine will cause parts of the market to "roar" in the next year and a half.  He told Bloomberg on Friday that investors need to be thinking ahead to what will happen to markets whe... .. read more..

Warren Buffett may have dumped his $5 billion JPMorgan stake last quarter, in...
Friday, August 14, 2020

Warren Buffett may have sold some, or all, of his $5 billion worth of JPMorgan shares last quarter. "Looks like JPMorgan is likely gone, or sold way down," tweeted Chris Bloomstran, the head of Semper Augustus Investments and a longtime Berkshire Hathaway shareholder. Bloomstran pointed to the $9... .. read more..

Innovation is seeing a major inflection point due to the pandemic, early grow...
Friday, August 14, 2020

Early stage angel investor Nidhi Chadda of Enzo Advisors pinpoints where she sees the biggest opportunities in cutting edge technology. .. read more..

Here's how Robinhood is raking in record cash on customer trades — despite ma...
Friday, August 14, 2020

Robinhood is raking in more money than ever on customer trades as new investors flood the stock market during the pandemic. .. read more..

US stocks slide after sharp slowdown in retail-sales rebound
Friday, August 14, 2020

US stocks fell on Friday after disappointing retail-sales data indicated that the economic rebound slowed in July. Investors continue to expect further government stimulus even though talks over the next package are at a standstill. The market will also be watching for news on trade talks, as sen... .. read more..

Rocket Companies surges 9% after reporting eye-popping growth in preliminary ...
Friday, August 14, 2020

Shares of recently IPO'd Rocket Companies surged as much as 9% on Friday after the company reported strong preliminary second quarter earnings results. The mortgage loan company likely benefited from low interest rates, which have led to a boom in refinances, and a rise in demand for homes amid t... .. read more..

Challenger bank Holvi exits the UK market just months after entering
Friday, August 14, 2020

This story was delivered to Insider Intelligence Banking Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here . The BBVA-owned Finn... .. read more..

Liberty House wins approval for takeover of French steel plants
Friday, August 14, 2020

Sanjeev Gupta’s conglomerate saw off a rival bid backed by Chinese investor Jingye .. read more..

Apple and Google Can Hold Out Longer Than a Fortnite
Friday, August 14, 2020

Game maker Epic is disadvantaged in fight over app-store fees, but that’s precisely its point. .. read more..

S&P 500 pauses close to all-time high
Friday, August 14, 2020

Travel stocks lead European markets lower after UK quarantine decision .. read more..

Alibaba joins HK stocks benchmark in changing of the guard
Friday, August 14, 2020

Move reflects shift from traditional property and finance bias towards technology .. read more..

A 50-year gold vet and co-creator of its largest ETF shared 2 strategies inve...
Friday, August 14, 2020

Gold has shot up to around $2,000 in recent weeks amid investor uncertainty about an economic recovery. According to State Street's George Milling-Stanley, the price of the precious metal still has a bit of room to run in 2020. Milling-Stanley shared with us 2 strategies to capitalize from the co... .. read more..

POWER PLAYERS: Meet the 15 execs at Mastercard driving an ambitious push into...
Friday, August 14, 2020

Mastercard is one of the world's largest payment networks, but it's increasingly looking outside of its bread-and-butter businesses of processing debit and credit-card transactions. Its card-related revenues are down as spending slowed amid the coronavirus pandemic, according to its second-quarte... .. read more..

LAST CALL: We're seeking nominations for the 2020 Rising Stars of Wall Street...
Friday, August 14, 2020

Business Insider is putting together a power list of the young talent on Wall Street in 2020. We want to hear from you on the individuals that have been rising above the ranks and standing out in the worlds of investment banking, investing as well as sales and trading.  Please submit your ideas  ... .. read more..

Students are weighing the pros and cons of virtual law school. Here's why som...
Friday, August 14, 2020

As many law schools are pulling u-turns on plans for in-person instruction in the fall — opting instead for either a hybrid or fully remote model — students are weighing whether they should defer until next year, or enroll as planned. Learning styles, recruiting, and tuition are just ... .. read more..

Sweden's GDP slumped 8.6% in Q2, more sharply than its neighbors despite its ...
Friday, August 14, 2020

Sweden's GDP fell 8.6% during the second quarter of the year, according to its statistics body. The fall is sharper than its neighbors — Denmark registered a 7.4% fall, and Finland a 3.2% fall. Statistics suggest Norway also fared better than Sweden. Sweden decided not to pursue a nationwid... .. read more..

Singapore unveils a $180 million investment to accelerate fintech development
Friday, August 14, 2020

This story was delivered to Insider Intelligence Fintech Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here . The Singaporean financial r... .. read more..

Belarus bonds dumped by investors fearful of EU sanctions
Friday, August 14, 2020

Sell-off gathers pace as authorities crack down on protests following disputed election .. read more..

Goldman Sachs says the S&P 500 could climb another 7% from current levels if ...
Friday, August 14, 2020

Goldman Sachs said in a note Thursday the S&P 500 can hit 3,600 if markets price in the bank's "comparatively more optimistic US GDP forecast." The bank's strategists Dominic Wilson and Vickie Chang say if the economy contracts by only by 5% in 2020, and grows by 6.2% next year, then real yie... .. read more..

What Trump's Executive Action Means for Student-Loan Borrowers
Friday, August 14, 2020

Even with President Trump’s recent executive action, some types of federal student loans may not qualify for an interest freeze after Sept. 30. .. read more..

Fed governor says central bank will partner with MIT on possible digital curr...
Friday, August 14, 2020

The Federal Reserve is partnering with MIT researchers to build and test a digital currency, central bank governor Lael Brainard said Thursday. The Fed hopes to gain a better understanding of digital currencies, their uses, and the potential implementation of a central bank digital currency, Brai... .. read more..

How to pitch Point72, Bridgewater, and other big names on buying new data set...
Friday, August 14, 2020

The alternative data industry, which sells the unique datasets used by investors to gain an edge, has seen a boom in recent months due to the coronavirus pandemic. Business Insider profiled seven executives at some of the leading hedge funds, banks, and trading shops that are handling their firms... .. read more..

MORGAN STANLEY: Buy these 9 top-rated stocks now for market-beating returns o...
Friday, August 14, 2020

The benchmark  S&P 500 index is close to all-time highs again, and Morgan Stanley strategist Boris Lerner says stock-picking is becoming more important as equities stop swinging in unison. Lerner and his team just updated their MOST stocks, a group they believe is going to beat the marke... .. read more..

The Netflix of China tanks 18% after US regulators launch probe on short-sell...
Friday, August 14, 2020

iQiyi , a Chinese streaming service similar to Netflix, said that the US Securities and Exchange Commission has launched an investigation into the company.  Shares of iQiyi tanked as much as 18% in premarket trading Friday.  The probe comes after a short-seller firm called Wolfpack Rese... .. read more..

Baidu/iQiyi: short shrift
Friday, August 14, 2020

Best to watch China’s Netflix rival from afar .. read more..

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