Blog Profile / Business Insider: Clusterstock

Filed Under:Business & Finance
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Archived Since:February 11, 2009

Blog Post Archive

Lidl is now more popular than Waitrose

LONDON — Lidl has overtaken Waitrose to become the UK's seventh biggest supermarket, according to a new consumer survey. Data from Kantar Worldpanel shows German discounter Lidl grew its market share by 0.7 percentage points to a record high of 5.2% in the 12 weeks to August 13%. Show More Summary

Theresa May breaks her promise to tackle excessive executive pay

Prime Minister May ditches promise to force shareholder votes on pay. May promised action to make economy "that works not for a privileged few but for every one of us." Allies of PM believed legislation would be voted down by Tory MPs. U-turn...Show More Summary

Former top Lloyds executives are suing the lender over unpaid bonuses

LONDON – Two former top employees of Lloyds Banking Group are suing the lender over unpaid bonuses, dating back several years. Former Chief Executive Eric Daniels and former head of Lloyds' wholesale banking arm Truett Tate filed claims...Show More Summary

Profit warning, CEO gone, shares in freefall: Subprime lender Provident Financial is in crisis

LONDON – Shares in Provident Financial, a UK-based door-to-door lender, fell more than 57% on Tuesday after the company cut its dividend, issued a profit warning, announced the resignation of its CEO, and announced the regulator is investigating...Show More Summary

A business associate of Donald Trump is building a £600 million 'Versace-branded' skyscraper in central London

A property firm owned by DAMAC International has awarded a £250 million ($320 million) contract to developers to build a 50-storey skyscraper in London. DAMAC chairman Hussain Sajwani is a close business associate of Donald Trump. The...Show More Summary

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Tuesday. 1. Britain will outline ways on Tuesday to resolve cross-border civil disputes with the European Union after Brexit, Reuters reports. In the third of five such papersShow More Summary

21 vintage photos of Hawaii from before it became a state

Hawaii became the final state to join the union 58 years ago, when President Eisenhower signed the Hawaii Admission Act on August 21, 1959. The youngest state is known for its island cuisine, beautiful state parks, distinct culturalShow More Summary

STOCKS DO NOTHING: Here's what you need to know

The major indexes bounced off their lowest levels of the day in early trading but ultimately closed little changed on the back of two straight weekly declines. It was a quiet day for economic data, and earnings season is now mostly behind...Show More Summary

New drone footage shows just how huge Tesla's Gigafactory really is

It looks like there is a lot of action going on at Tesla's giant Gigafactory.  The factory, which is located in Sparks, Nevada, is where Tesla is producing the battery cells for its electric cars and drivetrains for its Model 3, theShow More Summary

DIGITAL DISRUPTION OF CREDIT SCORING: How developments in the credit scoring space are opening up new opportunities for incumbent lenders

This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here. Traditional consumer lenders, like banks and credit unions, have historicallyShow More Summary

Elon Musk may have done the one thing you’re not supposed to do during an eclipse

Tesla CEO Elon Musk may have taken a big risk watching the eclipse on Monday.  Musk said via Twitter that he watched the solar eclipse wearing sunglasses through the glass roof of his Tesla Model S.  Watching eclipse with sunglasses on through the Model S glass roof. Show More Summary

Ellen Pao explains how the affair she had at work led to her infamous gender discrimination lawsuit

The road to Ellen Pao's infamous gender discrimination suit against Kleiner Perkins began with a 2006 business trip. Pao, then a junior partner at the Silicon Valley venture firm, was asked to take a trip to Germany with another partner, Ajit Nazre. Show More Summary

GOLDMAN SACHS: Here are the 13 VIP stocks that are most popular with hedge funds

Despite a challenging market environment for hedge funds, they have returned on average 7% so far in 2017. While that mark has not been good enough to beat the market, they are still on pace for their best return since 2009. In a recently...Show More Summary

Amazon is about to claim a new victim in the retail apocalypse (FL, FINL)

Foot Locker and Finish Line are in danger of losing market share to Amazon. UBS analysts expect the two to start shutting stores. Foot Locker and Finish Line also have a large presence in malls that have lost anchors Macy's and JC Penney. Retailers...Show More Summary

We did the math to see if it's worth buying a ticket for the $650 million Powerball jackpot

The Powerball jackpot for Wednesday's drawing, after no one won on Saturday, is up to $650 million as of 11:30 a.m. ET Monday. That is a pretty huge chunk of money. However, as we saw before Saturday's drawing, when the jackpot was $535...Show More Summary

Ray Dalio, the founder of the world's largest hedge fund, is worried that democracy is being threatened

Bridgewater Associates founder and co-CIO Ray Dalio thinks that democracy is being threatened. In a LinkedIn post published Monday, Dalio said that democracies are healthy when the principles "that bind people are stronger than those...Show More Summary

Welcoming refugees brings unexpected economic benefits

Donald Trump’s divisive ban on travel from several Muslim-majority countries has sparked a debate about not only the security implications of immigration but also its economic impact. A new working paper from the National Bureau of Economic...Show More Summary

GOLDMAN SACHS: This may not be the big correction that markets have been waiting for

A correction seems to be in order for the stock market after a stretch of historically low volatility. But technical analysts at Goldman Sachs say the recent sell-off wasn't the start of one. A decline of about 10% is broadly considered...Show More Summary

Nike's intense rivalry with Adidas just escalated

The competition between Nike and Adidas is getting crazier. The largest sportswear maker was downgraded from "buy" to "hold" by Jefferies analysts in light of "intensifying US competition" from main competitor Adidas. "The athletic footwear...Show More Summary

Visa challenges UnionPay in China (V)

This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Visa has filed an application with the People’s Bank of China to become the first nondomestic payment network...Show More Summary

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