Category Archives: Business

Business

As Trump’s trade war escalates to ‘new heights,’ Wall Street warns investors are in for more whiplash

As Trump’s trade war escalates to ‘new heights,’ Wall Street warns investors are in for more whiplash

Stock-market investors were dealt another blow late in the week as the US’ and China’s trade tit-for-tat entered new territory, ushering in wild market swings. As both nations inflict fresh rounds of tariffs and rock an already vulnerable market, strategists are warning the turbulence may be far from over. Here’s what happened: After the financial…

Hong Kong protests descended into violence over surveillance concerns on the movement’s 12th weekend

Hong Kong protests descended into violence over surveillance concerns on the movement’s 12th weekend

Pro-democracy protests in Hong Kong descended into violent chaos over the weekend as authorities and protestors clashed and broke nearly two weeks of peace. Hundreds of protesters shut down streets and wielded slingshots, poles, iron bars, and bricks in the fight with police that bloomed after a planned march against the government-installed “smart lampposts” that…

Wall Street wasn’t expecting much from Salesforce earnings, but its results and its $15.7 billion Tableau acquisition proved them wrong

Wall Street wasn’t expecting much from Salesforce earnings, but its results and its $15.7 billion Tableau acquisition proved them wrong

Before Salesforce announced earnings this week, analysts tell Business Insider that Wall Street was getting nervous about its core business. Its stock price has been languishing in recent months, taking a big hit back in May as the Salesforce platform itself faced a 15-hour outage. But analysts say that Salesforce’s better-than-expected earnings report on Thursday,…

Members of Twitter’s Trust & Safety Council says the social media platform didn’t consult them before changing its policies

Members of Twitter’s Trust & Safety Council says the social media platform didn’t consult them before changing its policies

Twitter is being criticized by members of its own Trust & Safety Council for failing to communicate its recent policy and product changes in advance. The security council members are not Twitter employees — the council comprises dozens of outside advocates and grassroots organizations with expertise in public safety, media literacy, digital citizenship, and online…

Billionaire David Koch owned at least $143 million of real estate in NYC, the Hamptons, Aspen, and Florida. Take a look at his lavish homes, from a $40 million Manhattan townhouse to a 13-bedroom Palm Beach villa.

Billionaire David Koch owned at least $143 million of real estate in NYC, the Hamptons, Aspen, and Florida. Take a look at his lavish homes, from a $40 million Manhattan townhouse to a 13-bedroom Palm Beach villa.

Billionaire conservative mega-donor David Koch has died at age 79. The late Koch Industries co-owner was worth an estimated $58.7 billion when he died (per Bloomberg). Most of Koch’s wealth stemmed from his 42% stake in Koch Industries, the industrial conglomerate with an annual revenue of about $110 billion, according to Forbes. Known for his…

Bernstein warns that retirees’ returns from 401(k) plans could be on borrowed time. Here’s how that could make inequality worse and alter the entire investing business.

Bernstein warns that retirees’ returns from 401(k) plans could be on borrowed time. Here’s how that could make inequality worse and alter the entire investing business.

Just about everyone with a 401(k) has worried there won’t be enough money in it when they retire. The Bernstein analyst Inigo Fraser-Jenkins said they’re right to be concerned. A surging stock market and a three-decade bull market in bonds have enriched people’s 401(k)s and other defined-contribution accounts in recent years. Fraser-Jenkins said stocks and…

10 stunning images of the UK’s Royal Air Force Red Arrows zooming past New York landmarks with US Thunderbirds and F-35s

10 stunning images of the UK’s Royal Air Force Red Arrows zooming past New York landmarks with US Thunderbirds and F-35s

The Royal Air Force’s Red Arrows streaked red, white, and blue down the Hudson River on Thursday as they flew a demonstration flight alongside the US Air Force Thunderbirds, the F-22 Raptor demonstration team, and four US Air Force F-35s. It’s the first US tour for the Red Arrows since 2008. Read on for stunning…

Striking photos show the devastation wreaked by record-breaking fires in the Amazon rainforest

Striking photos show the devastation wreaked by record-breaking fires in the Amazon rainforest

Nearly 10,000 fiery infernos are raging across the Amazon, razing tropical vegetation and trees. Since August 15, more than 9,500 new forest fires have started across Brazil, primarily in the Amazon rainforest basin. The largest state in Brazil, Amazonas, has declared a state of emergency. Smoke from the recent fires spread thousands of miles this…

A high-end dry cleaner who’s scrubbed wine out of a $500,000 Chanel wedding dress reveals what it’s like to clean up the bloody, vomit-y messes of wealthy New Yorkers

A high-end dry cleaner who’s scrubbed wine out of a $500,000 Chanel wedding dress reveals what it’s like to clean up the bloody, vomit-y messes of wealthy New Yorkers

Jerry Pozniak, owner of luxury laundry service Jeeves New York, has seen a lot in his 33 years of doing the dry cleaning of wealthy New Yorkers. Pozniak, whose services start at $35 for a tie and can go upwards of $200 per item to clean fur coats and handbags, shared some of his wildest…