Coatue's $350 million quant hedge fund pulled money out of the market in a move that exposes the dangers of data-driven trades
Sources said that Coatue Management significantly reduced exposure in its quant fund as the global economy shut down in early April.
Some cash-strapped US oil companies can't even afford Chapter 11 bankruptcies, legal experts warn. That means they either have to wait things out or liquidate.
Filing for Chapter 11 comes with all kinds of costs that many oil and gas companies may not be able to afford amid this downturn, legal experts said.
Use of physical currency was weakening before the pandemic, and now vulnerable populations are even more at risk of not being able to access funds.
Hintze's CQS hedge fund reportedly sold investments at a fraction of their face value to raise cash during the pandemic.
Davos, the elite conference attended by billionaires and heads of state, will allow anyone to attend virtually in 2021
In years past, armed guards blocked access to the event's host city for the duration of the conference.
Chinaa彩平台's economy roared back in May while the rest of the world is slowly recovering, according to a widely-watched set of business surveys
Among a set of data released by IHS Markit on the same day, India's business activity index came out to be the lowest.
While a decrease from the previous week, 1.8 million claims is "indicative of a labor market that's under quite a lot of stress," said Michelle Meyer.
From execs to budtenders, over 3,100 people have lost their jobs in cannabis. We're keeping track of all the cuts across the industry here.
Amid investigations, lawsuits, and slumping valuations, cannabis companies are reeling. To stay afloat, they're cutting workers.
Zoom expects to boost revenue by 200% and profits by 300% this year. These 5 charts show the video-conferencing upstart's explosive growth.
Zoom's stock price has already tripled this year, boosting its market capitalization to almost $59 billion.
New data released on Wednesday showed that US companies cut 2.76 million jobs in May, less than one-third of what economists expected.
US companies cut 2.76 million jobs in May, less than one-third of what economists expected, ADP says
While the labor market is still reeling from the pandemic, "job loss likely peaked in April, as many states have begun a phased reopening," ADP said.
Elfin Market is launching a physical credit card –– a cheaper option than traditional P2P alternatives and easier for borrowers to withdraw funds.
Coronavirus bonds are somewhat murky assets, as they aren't tied to specific criteria and funds' uses aren't closely tracked.
Western Union has reportedly made a takeover offer for MoneyGram, and together they would build formidable online and in-store businesses.
Startup Hippo is buying an insurer that has licenses to sell across the US — here's how the unicorn insurtech is flipping the script on incumbents
Rick McCathron, chief insurance officer at Hippo, spoke to Business Insider about the thinking behind the unicorn's planned acquisition of Spinnaker.
A proprietary Bank of America indicator points to 20%-plus gains in the stock market over the next year. Here's what the firm recommends buying now ahead of the rally.
Positive stock-market returns have historically followed 94% of the time in the year after the indicator flashed near its current level.
A $40 billion wealth-management firm says the US economy is only 19% recovered from the pandemic — and lays out a winning investing strategy in the wake of a massive stock-market rally.
Glenmede's new Reopening Index shows why the wealth manager is looking for alternatives to stocks and bonds after a historic market surge.
Oil falls after briefly climbing above $40 for the first time in 3 months, as hopes for a key OPEC meeting dwindle
Analysts say energy markets were not fully confident that Russia would play along with production cuts for another month.
The stock market has largely overlooked violent protests and riots in the US, opting to focus on the pace of long-term economic recovery.
Healthcare stocks were the only sector to see net selling through the period, with firms developing coronavirus drugs seeing the biggest outflows.
Wall Street's biggest firms are forecasting a shift away from market-dominating growth stocks and into their downtrodden peers
"In 14 of the last 14 recessions, value has outperformed growth for at least 3 months when the economy showed signs of improving."
1968 proved that stocks can go higher despite a deadly global pandemic and mass protests, says Fundstrat's Tom Lee
A deadly pandemic that killed 100,000 Americans, mass protests for racial equality, and a rising stock market. Sound like a彩平台? It's actually 1968.
Amazon raised $10 billion in the bond markets, including $1 billion of debt yielding just 0.4% — reportedly the lowest rate in the history of US corporate bonds
Amazon, which has clearly come out as a winner during the pandemic, saw its $10 billion offering being oversubscribed by more than three times.
Wells Fargo CEO Charlie Scharf is looking at outsiders to run the bank's sprawling wealth business. Here's why it may be one of the toughest jobs on Wall Street.
The next executive to lead the wealth and investment management division, among the largest in the US, will likely come from outside the firm.
The post-pandemic law firm will consist of smaller summer classes, more remote workers, and a less decked-out office, a top legal recruiter predicts
While traditionally the legal field has shied away from remote work, the pandemic has proved it's a viable option for lawyers, says Kate Reder Sheikh.
GOLDMAN SACHS: Buy these 15 stocks for powerful profit growth after a historic rally leaves the market with little room for error
Goldman Sachs said these companies were among the few that would generate even stronger returns over the next year.
The US economy could take nearly a decade to recover from the coronavirus pandemic, according to the CBO
The $3.3 trillion in stimulus provided by Congress will only "partially mitigate the deterioration in economic conditions," the report said.
Investors piled into their favorite technology, entertainment, and food stocks as markets gained during May.
Peloton rides, beer by mail, and bouncy castles: Here's how Big Law partners are 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.
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.
A portfolio manager at a $4.6 billion shop breaks down his Warren Buffett-inspired approach to investing — and shares 3 stocks he loaded up on in a 'really attractive' market upended by the coronavirus
"You have to keep in mind that these are unusual times, and shutting down the economy has major ramifications," John Buckingham said.
Bank of America breaks down the next 2 steps the Fed will take to stimulate the coronavirus-addled economy
Financial system deterioration, rising deflation risks, or an early slowdown in economic recovery can trigger the Fed's next policy moves.
Public US companies in a彩平台 have sold more than $120 billion of new shares, the highest since 2015, Reuters reported Tuesday, citing Refinitiv.
'Get on the train': Famed investor Michael Novogratz says bitcoin will soon break the $10,000 threshold as US turmoil spreads
An important resistance level for bitcoin is $10,000, and a sustained breakout above $10,000 would generate price targets with as much as 40% upside.
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.
Major producers including Russia want to extend cuts for one more month, Bloomberg reported. Saudi Arabia favors a one- to three-month extension.
Cannabis giant Canopy Growth's new CEO told us he's reining in the company and aggressively cutting costs after a challenging quarter
Klein's first quarter leading the cannabis giant was a tough one: The company lost over $1 billion and the stock has tumbled.
Silver Lake just added to a string of bets in the struggling travel sector by leading a $108 million investment in vacation property startup Vacasa
Silver Lake's investment in Vacasa, North America's largest vacation property-management company, follows bets on Airbnb and Expedia.
Investment banks are torn on which way the market is heading. Citi warns stocks are 'way ahead of reality,' but JPMorgan says they can climb higher.
The recent stock rally is either hugely overblown or poised to continue, depending on which bank you listen to.
The US chairman of PwC explains how to stand out in a sea of job-seekers, what it takes to make partner at his firm, and where he gets his best ideas for building a diverse workforce
Tim Ryan invests heavily in employees' career development. He thinks people perform better if they're in jobs that suit their skills.
Equity is the new debt, with Corporate America selling record amounts of stock to stockpile cash. Here's what prompted the sudden shift.
The record amount of equity issuance has been a boon for Wall Street banks, which have earned more than $1.7 billion in fees from the ECM deals.
This is what traders are talking about.
The French economy will shrink 11% this year in a 'brutal' recession after the country imposed one of Europe's harshest pandemic lockdowns
Finance Minister Bruno Le Maire said the French government would avoid taxing households to cover growing debt from the coronavirus pandemic.
'The stock market doesn't care about social justice': Jim Cramer says investors are backing potential winners from protests
"From this stock market's perspective, everything that happened this weekend means the stay-at-a彩平台 economy will last longer than we thought."
Global stocks jump as analysts say widespread protests in the US will have 'little to no effect' on markets
Analysts say the rise in stocks could be explained by investors choosing to focus on unprecedented aid from central banks and government intervention.
'Exactly what President Trump wants': Democratic governors are shunning Trump's calls to 'dominate' protests using military forces
"Society that's about dominance and aggression — this is what you get," California governor Gavin Newsom said.
Here's how 4 financial experts think protests could negatively affect markets and the US economic recovery
"The on-going protests and riots do present a threat for the US financial markets," said Naeem Aslam, the chief markets analyst at AvaTrade.
REPORT: Ant Financial and Tencent are rapidly growing their financial services ecosystems — here's exactly what they offer and where we think they'll go next
Business Insider Intelligence looks at a variety of financial services provided by Ant Financial and Tencent and the benefits each one offers.
WeWork is grappling with a fresh setback after the pandemic emptied offices. Here's the latest on job cuts, financials, and executive departures.
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.
A key measure of US manufacturing increased in May for the first time in four months, inspiring confidence in an economic recovery.