How a little-known Goldman Sachs partner took over the LSE and orchestrated an industry rattling $27 billion buyout

How a little-known Goldman Sachs partner took over the LSE and orchestrated an industry...

As a Goldman Sachs banker in 2005, David Schwimmer offered some prescient advice: He helped the New York Stock Exchange buy the electronic-trading platform Archipelago Holdings, ending NYSE's 200 years of mutual ownership and moving it beyond the realm of human traders. Fourteen years later, Schwimmer is still focused on trading's shift into the digital…
One Wall Street expert says stocks could plunge 20% in the next 2 months — and reveals 4 trades investors should make before the collapse

One Wall Street expert says stocks could plunge 20% in the next 2 months...

There's never a shortage of Chicken Littles present when it comes to market forecasting. And with so many pundits consistently call for doom and gloom, it becomes difficult to separate those that are hearsay from those that deserve a second look. After all, the majority wind up being built upon false pretenses and questionable analysis.…
MacKenzie Bezos is officially Amazon’s second-largest individual shareholder and the third-wealthiest woman in the world

MacKenzie Bezos is officially Amazon’s second-largest individual shareholder and the third-wealthiest woman in the...

MacKenzie Bezos, now the ex-wife of Amazon CEO Jeff Bezos, has come into two significant titles in the wake of the divorce: The second-largest individual shareholder of Amazon, according to Bloomberg, and the third wealthiest woman in the world, according to Forbes. Regulatory filings show that Jeff Bezos transferred some 19.7 million Amazon shares to…
Trump’s new tariffs could unleash an avalanche of store closings on the US

Trump’s new tariffs could unleash an avalanche of store closings on the US

The US is experiencing record-high store closures.YouTube / Dan Bell President Donald Trump announced new tariffs Thursday on Chinese imports including footwear, apparel, electronics, and other consumer goods. The tariffs could trigger mass store closures. UBS estimated in May that if the Trump administration added 25% tariffs to all remaining imports from China, an additional…
Relatives of a Boeing 737 Max crash victim went to the FAA to demand answers for lapses that cost 346 people their lives

Relatives of a Boeing 737 Max crash victim went to the FAA to demand...

Samya Stumo and her mother, Nadia Tor, in an undated photo.Clifford Law Offices 24-year-old Samya Stumo was one of 157 killed when a Boeing 737 Max flown by Ethiopian Airlines crashed in March — the second fatal crash involving the new plane within five months. After FAA officials testified in front of a Senate committee,…
Rep. Will Hurd, the only black Republican in the House, abruptly announces he’s retiring

Rep. Will Hurd, the only black Republican in the House, abruptly announces he’s retiring

House Oversight and Government Reform Committee member Rep. Will Hurd of Texas question FBI Director James Comey as he testifies on Capitol Hill in Washington, July 7, 2016.Scott Applewhite/AP Republican Rep. Will Hurd of Texas, a former undercover CIA officer and the only black Republican in the House of Representatives, announced Thursday that he would…
Moderate Democrats don’t have the guts to do what it takes to beat China in a tech war

Moderate Democrats don’t have the guts to do what it takes to beat China...

U.S., Rep. Ryan listens as author Williamson speaks on the first night of the second 2020 Democratic U.S. presidential debate in Detroit, Michigan, U.S.Reuters Moderate Democrats talked a lot about competing with China at Tuesday's Democratic debate, but none of them seemed willing to spend the money to do so. None of them seemed to…
A Wall Street stock chief explains how the Fed has brought the stock market dangerously close to disaster — and why rate cuts might be too late to avoid it

A Wall Street stock chief explains how the Fed has brought the stock market...

This story requires our BI Prime membership. To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content. The Federal Reserve's expected rate cuts may be ineffective in terms of avoiding a crisis in the economy and stock market, according to Barry Bannister, the…
A top exec at health IT giant Cerner explains why it decided to pick Amazon Web Services, in a deal that could give the cloud giant a big leg up in the race to win over hospitals

A top exec at health IT giant Cerner explains why it decided to pick...

Health information-technology giant Cerner is making Amazon Web Services its preferred cloud provider, a huge victory for Amazon as it competes with Google Cloud and Microsoft to sign on healthcare providers. Cerner provides software that's critical to the operations of hospitals and is used for managing patients, billing and other services. It also plans to…
Lyft is halting its e-bike program in San Francisco after two bikes mysteriously erupted in flames

Lyft is halting its e-bike program in San Francisco after two bikes mysteriously erupted...

Lyft is on fire.DON EMMERT/AFP/Getty Images Two of Lyft's electric-assist bikes mysteriously erupted into flames on July 27 and 31 in San Francisco. No injuries were reported, and Lyft is investigating the batteries and bikes for the cause of the fire. Until then, Lyft is suspending its e-bike program, which only became a reality two…

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China’s Communist Party is Getting Nervous About Coronavirus Reporting

China’s Communist Party is Getting Nervous About Coronavirus Reporting

The Chinese government has expelled three Wall Street Journal reporters over an op-ed published by the outlet. The Wall Street Journal has been instrumental in exposing China’s underreporting of the coronavirus outbreak. China may be trying to suppress information about the outbreak by intimidating journalists. The Chinese Communist Party has expelled several journalists for daring…
Andrew Yang Signs on to Be CNN’s Don Lemon for Smart People

Andrew Yang Signs on to Be CNN’s Don Lemon for Smart People

Andrew Yang just signed on to CNN as a political commentator. He follows in the footsteps of many flunked presidential candidates. CNN finally has a Don Lemon for smart people. Presidential aspirant Andrew Yang threw in the towel after the New Hampshire primary. He conceded that as “the math guy” in the race, he had…
Why GeForce Now’s Surprise CyberPunk 2077 News Is Such a Big Deal

Why GeForce Now’s Surprise CyberPunk 2077 News Is Such a Big Deal

Cyberpunk 2077 will be available at launch on the GeForce Now cloud gaming service. Nvidia will offer an RTX-enabled and fully optimized experience from day one. GeForce Now is a force to be reckoned with in the cloud gaming landscape despite last week’s Activision Blizzard library blunder. Nvidia announced today that CD Projekt Red’s upcoming…