Economy - Finance > Video

Quibi is reportedly exploring strategic options including a possible sale

29 days ago   |   By Business Insider

Summary List Placement
Jeffrey Katzenberg's mobile-video startup Quibi, which raised $1.75 billion, is exploring major strategic moves, including a possible sale of the company, The Wall Street Journal reported on Monday.
According to the publication, which cited people familiar with the situation, Quibi is reviewing options with advisors including:
A possible sale
Another fund raise
Going public through a merger with a special purpose acquisition company, or a SPAC, that's set up to fund such a deal
Quibi, which launched in April, has struggled to attract subscribers with its short-form...
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Some of the biggest names on Wall Street have launched MEMX, a new stock exchange

Some of the biggest names on Wall Street have launched MEMX, a new stock exchange

29 days ago   |   By Business Insider

Summary List Placement
The Members Exchange, a new US stock exchange that counts some of Wall Street's biggest banks as its backers, launches on September 21 .
MEMX, as the exchange is known, was founded by nine leaders in the financial services industry in 2019, among them Morgan Stanley, UBS and Fidelity Investments.
"Participants in today's equity markets deserve an innovative alternative that is aligned with their interests, which is why we are pleased to support the launch of this new trading platform," said Vlad Khandros, UBS's managing director and global head of market structure...
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Dow plunges 800 points in brutal selloff

Dow plunges 800 points in brutal selloff

29 days ago   |   By Fortune

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Stocks are falling sharply in early trading on Wall Street Monday, joining a global tumble for markets as the S&P 500 sinks more than 2%.
Losses began in Asia as soon as trading opened for the week, and they accelerated in Europe on worries about the possibility of tougher restrictions on public life due to rising coronavirus counts there, before knocking U.S. stocks and Treasury yields lower.
The losses were widespread, with almost all the stocks in the S&P 500 lower...
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Buy US stocks as the market's repeated pullbacks create great bargains for growth companies, says one Wall Street chief strategist

Buy US stocks as the market's repeated pullbacks create great bargains for growth companies, says one Wall Street chief strategist

29 days ago   |   By Business Insider

Summary List Placement
John Stoltzfus, Oppenheimer chief investment strategist, told CNBC on Friday that the recent market pullbacks signal a bargain buying opportunity for growth companies in the US.
He said that the US has been outperforming most of the markets around the world, and its innovation makes it the best place to invest.
Investors should seek out "babies that have been thrown out with the bath water," like mega-cap technology names, he added.
Stoltzfus also said the S&P 500 could rally back to its September 2 high by the end of 2020.
Visit Business Insider's homepage for more...
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Search our database of Wall Street headhunters who are recruiting talent for trading, dealmaking, and investment management jobs

Search our database of Wall Street headhunters who are recruiting talent for trading, dealmaking, and investment management jobs

29 days ago   |   By Business Insider

Summary List Placement
Recruiting for Wall Street gigs remains hypercompetitive, even amid the coronavirus pandemic.
Strategic hiring perked up this summer as Wall Street settled into the new normal. And especially in times of distress and dislocation, the right talent can set firms up for years of prosperity - many learned this amid the financial crisis in 2008, proactively poaching the best talent from the beleaguered big banks. And the wrong personnel could mean watching competitors surge ahead of you.
Business Insider spoke with its network of sources and mined online data from over 80...
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Housing Starts at 1.415 Million Annual Rate in September

Housing Starts at 1.415 Million Annual Rate in September

From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,415,000. This... Read more ...

Senate Republicans will take a Supreme Court appointment over passing a...

Senate Republicans will take a Supreme Court appointment over passing a stimulus before the election. GOP insiders expect voters will reward them for that choice

Summary List Placement Republicans concede both publicly and privately that they could lose the Senate and the White House in November. But they don't see a last-minute... Read more ...

The economy will be just fine without more stimulus - but markets could sell...

The economy will be just fine without more stimulus - but markets could sell off sharply, says one top strategist

Summary List Placement The US economic recovery can continue without fresh stimulus, but the lack of a near-term deal could rankle markets, Seema Shah, chief strategist at... Read more ...

These 25 seed investors wrote the most checks in 2020, backing over 500 new...

These 25 seed investors wrote the most checks in 2020, backing over 500 new startups, while other VCs shied away from early-stage bets

Summary List Placement When the pandemic first shut down the U.S. economy in March, it was first-time founders who took the hardest hit in the world of venture... Read more ...

A fund manager who's doubling up the competition in 2020 tells us his...

A fund manager who's doubling up the competition in 2020 tells us his strategy for investing in the 'K-shaped' economic recovery - and details the only 2 stocks he added as the market recovery took off

Summary List Placement As the stock market's dramatic comeback from its March lows hit a major speed bump and volatility increased, a lot of investors scrambled to reposition... Read more ...

Maestro PMS Adds Frontline User Focused Native Tablet Version to Complement...

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Experience hospitality's unique property-management system that gives hoteliers the ‘Power to Choose' how its deployed at CYBER HITEC; Join Maestro's Exhibitor Tutorial Session... Read more ...

Alibaba is investing $3.6 million to take a controlling stake in hypermarket...

Alibaba is investing $3.6 million to take a controlling stake in hypermarket operator Sun Art Retail Group

Summary List Placement Alibaba announced plans to acquire a controlling stake in Sun Art Retail Group for approximately $3.6 billion, building on a $2.88 billion investment it... Read more ...

Economics Lessons From The Pandemic

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Since COVID-19 hit our shores, economists have been crunching data to see how it's affecting our economy. (Image credit: Michael Ciaglo/Getty Images) Read more ...

Jam raises $3.5 million to Figma-tize product collaboration

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The web of collaboration apps invading remote work toolkits have led to plenty of messy workflows for teams that communicate in a language of desktop screenshots and DMs... Read more ...

Corporate restructuring needs could surpass 2008 levels amid a surge in junk...

Corporate restructuring needs could surpass 2008 levels amid a surge in junk debt, BlackRock says

Summary List Placement The scale of corporate restructuring could surpass financial-crisis highs on a swelling pile of junk-rated debt, BlackRock said Monday. Sub-investment... Read more ...