BI Prime Finance 2020-04-18T14:30:26Z
FILE PHOTO: Stephen A. Schwarzman, chairman and CEO of Blackstone, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2019. REUTERS/Arnd Wiegmann

Private-equity firms are scrambling to save portfolio companies by calling in money from investors and rewriting worst-case scenarios

PE portfolio companies like casinos, parks, hotels, and retail companies have been slammed with a drop-off in revenue because of the coronavirus, with no clear sign of how long the downturn will last.
BI Prime Markets 2020-04-20T15:14:01Z
John Barr

One of the world's best small-company fund managers tells us how he finds 'hidden growth' that others miss — and shares his 3 top picks for the year ahead

John Barr has outranked most of his peers by finding companies that are barely breaking even, but possess major growth upside.
BI Prime Finance 2020-04-20T20:36:56Z
Leon Cooperman

Billionaire investor Leon Cooperman dumped millions of shares in newspaper conglomerate Gannett at a huge loss

Gannett has been slammed by the novel coronavirus pandemic, which has shuttered businesses that would advertise in the company's newspapers.
Finance 2020-04-21T02:01:00Z

AI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks — here are the strategies the winners are using

Business Insider Intelligence identifies the most meaningful AI applications across banks' front and middle offices.
BI Prime Tech 2020-04-21T00:48:40Z

A Silicon Valley lawyer who works on tech offerings thinks the IPO window could reopen later this year. But he says only a very small group of companies will be able to go public.

The IPO market may be closed now, but it could reopen later this year for a short period for a select few firms, said Goodwin's Rick Kline.
Finance 2020-04-21T00:01:00Z

BANKING AND PAYMENTS FOR GEN Z: These digital natives are the next big opportunity — here are the winning strategies

Business Insider Intelligence uses a six-point framework to explain the core attributes that Gen Z values in a banking and payments product.
Finance 2020-04-20T23:03:00Z

FINTECH AND FINANCIAL INCLUSION: How low-overhead direct banking models enable banks to profitably serve the US' 33 million underbanked households

Business Insider Intelligence explores the growing opportunity for incumbent banks to tap into the financially underserved.
BI Prime Markets 2020-04-20T21:43:00Z

GOLDMAN SACHS: Buy these 21 stocks that are beating their peers by paying down debt amid an unprecedented plunge in cash spending

Investors are being rewarded for buying companies with ample cash reserves as the economy sinks into recession.
BI Prime Markets 2020-04-20T21:43:00Z

Investors overseeing $37 billion outline the 5 criteria they seek in trades that are 'almost impossible to compete with' — and share 3 stocks they've been buying amid market mayhem

"You can't just run a screen and buy. There's real critical thought and judgement required behind this," according to Jeff Mueller of Polen Capital.
Markets 2020-04-20T21:43:00Z

Traders piled $1.6 billion into an oil ETF last week — right before prices went negative for the first time in history

Last week's inflows to the United States Oil Fund, or USO, were the best on record for the exchange-traded fund since its inception in 2006.
Markets 2020-04-20T21:12:00Z

Oil plunges 321% into negative territory for the first time ever as demand evaporates

"The steep fall in the price is because of the lack of sufficient demand and lack of storage place," one analyst said.
Markets 2020-04-20T21:08:00Z

'We don't think this is the end of it': Goldman Sachs' commodities expert explains why oil market chaos can continue into mid-May

Shutting a well down is expensive and can damage infrastructure, Jeff Currie said on Monday, leaving firms unlikely to immediately cut pumping.
BI Prime Finance 2020-04-20T21:08:00Z

The CEO of Causality Link, an AI-powered research startup, explains how he nabbed funding from a family office in the middle of the coronavirus pandemic

Pierre Haren, Causality Link co-founder and CEO, spoke to Business Insider about the fintech's recently closed $5 million Series A.
Finance 2020-04-20T21:01:00Z

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.
BI Prime Markets 2020-04-20T21:01:00Z

One of 4 people overseeing a $500 billion corporate bailout fund lays out the risks of making no-strings-attached loans to mystery corporations — and warns of a full-on populist revolt

Bharat Ramamurti says the commission has a "major obligation to the public" to ensure loans don't enrich corporate executives.
BI Prime Finance 2020-04-20T20:52:00Z

Morgan Stanley is pushing ahead with its E-Trade takeover amid the market turmoil. Here's how it's thinking about integrating the two firms.

The firms announced their deal just as stocks peaked and the coronavirus was hitting the US. It's still on track to close later this year.
Markets 2020-04-20T20:04:31Z

Dow tumbles 592 points as oil crashes below zero for the first time ever

Traders exiting expiring oil-futures contracts have been "driving the already low cost of oil to plunge even further," said Rick Swope of E-Trade.
Finance 2020-04-20T20:02:00Z

Meet 2019's Rising Stars of Wall Street from firms like Goldman Sachs, Blackstone, and Apollo shaking up investing, trading, and dealmaking

From starting a hedge fund before 30 to running alternative-data shops and helping lead $27 billion investments, this group is in a league of its own.
Markets 2020-04-20T19:31:00Z

Oil is experiencing rare oversupply that's threatening to further whipsaw the market and drive prices even lower

There's "no real clarity about what lies ahead, so there's no reason to expect demand to increase over the near term," said Reid Morrison of PwC.
Markets 2020-04-20T19:19:16Z

Coronavirus triggers $133 million worth of the World Bank's pandemic bonds, releasing aid to developing nations hammered by the outbreak

The bonds' triggers were too strict to release aid when it was needed most, a former World Bank economist told Business Insider in February.
Markets 2020-04-20T18:28:00Z

Dow falls 400 points as oil crashes below zero for the first time on record

Historic losses in oil created a risk-off mood across all markets as investors grappled with coronavirus-related fallout.
Markets 2020-04-20T16:55:49Z

KKR is revamping and renaming a failed $600 million credit fund — and the new version is designed to buy loads of coronavirus-hit debt

The new vehicle aims to gain client approval for reusing at least $217 million from its soured predecessor, Bloomberg reported.
Finance 2020-04-20T16:30:00Z

Future of Fintech: Funding's New Guard

In the Future of Fintech: Funding's New Guard slide deck, Business Insider Intelligence explores how three key trends are driving a surge in funding.
Markets 2020-04-20T16:15:00Z

The Chicago Fed's top economic index suggests the US entered a recession in March

The index's three-month moving average slid to -0.32, nearing the -0.7 threshold the bank associates with "an increasing likelihood of a recession."
Markets 2020-04-20T16:09:00Z

United Airlines plummets 8% after revealing the coronavirus outbreak drove a $2.1 billion quarterly loss

Quarterly revenue tanked 17% to $8 billion as the pandemic forced widespread flight cancellations and emergency borrowing for the company.
Markets 2020-04-20T16:06:00Z

'Warren Buffett created the template': Mark Cuban said US officials should copy the investor's past bailout deals

"When the market recovered and those stocks went up, he made a killing," billionaire investor Cuban told a Recode podcast.
Finance 2020-04-20T16:01:00Z

THE CHATBOTS IN INSURANCE PLAYBOOK: Case studies on how three insurers are using chatbots to boost customer acquisition, slash claims processing times, and increase staff productivity

In a new 2020 report, Business Insider Intelligence uses a proprietary transformation maturity scale to allow firms measure the maturity of their chatbot deployments.
Markets 2020-04-20T16:00:00Z

Jim Simons' Renaissance scored a 39% gain in its flagship Medallion fund as the coronavirus hammered rivals

The Cold War codebreaker's secretive hedge fund gained 10% in March, when an estimated 75% of hedge funds suffered losses.
Retail 2020-04-20T15:49:55Z

Shake Shack returned its $10 million coronavirus stimulus loan. Ruth's Chris, Potbelly, and other chains are keeping more than $81 million meant for struggling small businesses.

Six chains have not indicated that they plan to return the more than $80 million they've received in Payroll Protection Program loans.
BI Prime Finance 2020-04-20T15:16:00Z

Albourne Village — a quirky online hedge fund community — is getting ready for a revamp. We took a look at the 20-year history of a site that lists billionaire founding fathers like Izzy Englander.

The website lists billionaires like Millennium founder Izzy Englander as founding fathers, and was a place for online hedge fund industry networking.
Markets 2020-04-20T14:37:07Z

Earnings are set to slump the most since 2009 as coronavirus batters businesses — and forecasts show the worst is yet to come

Negative earnings in financials "were mainly responsible for the increase in the overall earnings decline during the week," said John Butters.
BI Prime Finance 2020-04-20T14:28:00Z

Goldman partnered with JetBlue to offer installment loans on travel joining fintechs, banks, and airlines that are pitching new ways to finance future vacations

Goldman launched MarcusPay last week, a point-of-sale financing product that lets consumers pay in monthly installments for purchases over $750.
Finance 2020-04-20T14:05:00Z

These 5 factors are fueling a massive transformation in banking

Business Insider Intelligence has created an infographic showcasing compelling statistics from its recent banking research.
BI Prime Finance 2020-04-20T14:00:00Z

There's more than $10 billion waiting to pounce on the ailing real-estate sector. A $80 million mortgage sale for a Brooklyn hotel could be one of the first hospitality opportunities.

Lender to Williamsburg Hotel wants to sell loans totaling $80 million against the property, in the first of what could be a wave of distressed sales.
Finance 2020-04-20T13:50:00Z

UK banks have approved over 1.2 million mortgage payment holidays

UK banks approved over 1.2 million mortgage payment holidays within three weeks of extending the option to customers impacted by the coronavirus.
Finance 2020-04-20T13:46:00Z

Robinhood closes in on $250 million funding round as demand for digital investment spikes

Robinhood is raising fresh funds, likely worth between $200 million and $250 million, thanks to a spike in demand for digital investment platforms.
BI Prime Finance 2020-04-20T13:28:00Z

Experts warn that a $500 million lifeline for AMC Theatres won't be enough if the coronavirus keeps its theaters empty through fall

AMC Theatres has been facing a cash crunch amid a shutdown of all of its 1,000 theaters. A new debt offering could keep the lights on until November.
BI Prime Markets 2020-04-20T13:25:00Z

BANK OF AMERICA: Buy these 12 under-the-radar stocks that have balance sheets perfectly built to weather coronavirus turbulence

The stock market is destabilized, which means there are serious under-the-radar bargains to be found.
Markets 2020-04-20T12:50:45Z

The White House stalls tariff payments for pandemic-battered firms while keeping taxes against China unchanged

Importers facing "significant financial hardship" from the outbreak will have a 90-day delay option for all fees, duties, and taxes, a statement said.
Transportation 2020-04-20T12:40:16Z

United lost $2.1 billion in the first quarter because of coronavirus, and it's a dark sign of just how bad things will get for the airline industry

United's losses due to the coronavirus outbreak came in March, and losses have accelerated in recent weeks.
Finance 2020-04-20T11:01:00Z

CASE STUDY: How Goldman Sachs changed the retail banking game — by entering it

Business Insider spoke with Omer Ismail, US head of consumer digital finance for Goldman Sachs, about how the firm is disrupting retail banking.
Finance 2020-04-20T10:17:38Z

Denmark and Poland are refusing to bail out companies registered in offshore tax havens

Governments around the world are offering financial assistance to struggling firms in the wake of the coronavirus crisis.
Science 2020-04-20T09:03:00Z

THE HEALTHCARE PAYMENTS REPORT: The strategies payments leaders are using to take advantage of the $3.7 trillion opportunity in US healthcare

BI Intelligence looks at the types of healthcare payments, the stakeholders making them, where they're going, and what's driving change in the market.
Finance 2020-04-20T06:02:00Z

Latest fintech industry trends, technologies and research from our ecosystem report

In a new report, Business Insider Intelligence analyzes how the global fintech ecosystem has developed over the last 12 months.
Markets 2020-04-20T02:00:45Z

Oil plummets 21% to 21-year low as sinking demand spurs uncertainty around storage

Oil has continued to tumble following OPEC's record-breaking production cut as the coronavirus outbreak craters demand.
Finance 2020-04-20T00:04:00Z

Read the pitch deck that helped Divvy raise $30 million to provide alternate financing for prospective homebuyers

BI Prime has published the investor deck Divvy used to acquire $30 million to start changing the way people buy homes. Read it here.
Finance 2020-04-19T23:01:00Z

AI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks — here are the strategies the winners are using

Business Insider Intelligence identifies the most meaningful AI applications across banks' front and middle offices.
Tech 2020-04-19T23:01:00Z

The UK has greenlit a $300 million package to try to save thousands of startups from collapse during the COVID-19 pandemic

The UK plans to help bail out startups that may not otherwise survive the hit from the novel coronavirus.
Markets 2020-04-19T19:17:00Z

Oil has plunged 20% in the week since OPEC's historic production cut as traders remain unconvinced it can offset a coronavirus-led demand crunch

Oil fell further Friday after China's economy suffered its first contraction in 28 years as gross domestic product tanked 6.8%.
BI Prime Markets 2020-04-19T19:17:00Z
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