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.
BI Prime Enterprise 2020-04-20T20:28:00Z
Jim Benton Chorus.ai

Startup Chorus.ai analyzed millions of sales meetings since the pandemic using AI, and found successful salespeople demonstrated empathy towards their customers

Jim Benton was hired as CEO of Chorus.ai a week after the San Francisco AI startup began working remotely. Here's what he's learned about connecting.
BI Prime Markets 2020-04-20T20:10:00Z
Oil worker

The price of US crude oil just went negative for the first time ever. Here's what that really means, and why you can't fill up your car for free.

US crude oil was trading in negative territory on Monday for the first time in history. That means producers will pay people to take oil from them.
BI Prime Science 2020-04-20T19:55:00Z

Experts just set out a playbook for how governors should reopen states, and it includes 2- to 3-week phases with distancing measures applied to places like restaurants and outdoor events

Researchers with the Johns Hopkins Center for Health Security laid out how governors might reopen states gradually amid the pandemic.
BI Prime Finance 2020-04-20T18:58:21Z

Morgan Stanley's E-Trade deal is pushing ahead during the market turmoil. Here's a look at who's set to lead the charge inside.

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.
BI Prime Media 2020-04-20T18:58:00Z

How TikTok can kickstart your music career, according to an artist who used the app to get a major label deal

The four strategies that 22-year-old rapper Tiagz used to gain exposure on TikTok and jumpstart his career in music.
BI Prime Executive Lifestyle 2020-04-20T18:55:30Z

How New York City's housing market after the pandemic will compare to post 9/11 — industry leaders see many similarities, but a few crucial differences

The industry sees the two crises as very similar, except 9/11 impacted only New York's housing market, whereas the pandemic is national and global.
BI Prime Markets 2020-04-20T17:59:35Z

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 Strategy 2020-04-20T17:56:47Z

Legal risks for business owners are changing every day. Here's how you could be vulnerable over paid leave, cleaning supplies, and your work-from-home policy.

Here's what employment lawyers say you need to know about managing paid leave, coronavirus cases at work, and cleaning supplies, among other things.
BI Prime Strategy 2020-04-20T17:56:02Z

Plant-based fried 'chicken' and a blockchain for turkeys: How agricultural giant Cargill is innovating the global food-production industry and potentially changing what you eat along the way

Now, the IT team's mission is to "be the growth of the company. Not just enable it, but actually be it," said CIO Justin Kershaw.
BI Prime Strategy 2020-04-20T17:16:00Z

The ultimate guide to getting a job at a dispensary, according to current and former employees, shop owners, and recruiters in the cannabis space

The industry currently employs about 200,000 people in the US, and that number is expected to increase to over 400,000 by 2021. So how can you get in?
BI Prime Science 2020-04-20T17:11:00Z

A buzzy healthcare startup that raised $50 million from Andreessen Horowitz 3 months ago just cut staff amid the coronavirus pandemic

Healthcare companies haven't been immune to layoffs, pay cuts, and furloughs, even on the front lines of the coronavirus response.
BI Prime Tech 2020-04-20T17:00:25Z

8 books that legendary tech investor Marc Andreessen thinks everyone should read during the pandemic

Marc Andreessen has a new reading list for his followers who are isolating at home during the coronavirus pandemic.
BI Prime Enterprise 2020-04-20T16:44:02Z

$416 million data analytics provider Domo is the most likely company to be acquired by a big player like Microsoft or Oracle in the wake of the coronavirus crisis, experts predict

As the crisis creates M&A opportunities, analysts point to one particularly strong acquisition target: cloud data-analytics provider Domo.
BI Prime Strategy 2020-04-20T16:42:01Z

Cannabis experts explain the opportunities waiting to be claimed by entrepreneurs even after we're plunged into a recession — and they have nothing to do with CBD

"This is a chance to catch up or think of something innovative to offer this space," said Mary Pryor, the founder of several cannabis ventures.
BI Prime Strategy 2020-04-20T16:39:24Z

What to do with your $1,200 stimulus check if you want to start a side hustle while quarantined, from 3 pros who kicked off successful side gigs without spending a dollar

Your top priority is to have something saved up for emergencies. In the meantime, start a side gig by leveraging social media accounts.
BI Prime Media 2020-04-20T16:31:14Z

Meet the 14 top executives running Quibi, Meg Whitman and Jeffrey Katzenberg's startup that wants to prove people will pay for TV-quality mobile video

Quibi has recruited some notable Hollywood and Silicon Valley alum but also had some high-profile departures ahead of launch.
BI Prime Markets 2020-04-20T16:11:00Z

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.
BI Prime BI Prime 2020-04-20T15:52:00Z

How 18 oil giants from Exxon to Halliburton are cutting staff and slashing spending in response to the historic oil price meltdown

The coronavirus pandemic is cratering oil demand. We're keeping track of how oil giants are responding, from laying off staff to slashing capex.
BI Prime Strategy 2020-04-20T15:48:00Z

11 science-backed signs that could prove you're the smartest person in the room

Think you're smarter than everyone you know? You could be, scientists say, if you're tall, funny, and a firstborn.
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.
BI Prime Markets 2020-04-20T15:14:01Z

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 Strategy 2020-04-20T15:12:41Z

A former Disney executive shares 4 of the most brilliant ideas he's seen for coping with the coronavirus

Duncan Wardle spent 25 years at Disney. He says the COVID-19 outbreak has upset how we operate, but it's also inspired innovative ways to handle it.
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.
BI Prime Markets 2020-04-20T14:27:00Z

Why the price of oil is continuing to free-fall after a historic supply cut — and when experts think it may finally reach rock bottom

OPEC reached a historic agreement to cut production, yet it did little to prevent the price of oil from plummeting, as oil demand continues to crater.
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.
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.
BI Prime Markets 2020-04-20T13:24:00Z

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 Strategy 2020-04-20T13:14:00Z

The 8 best executive MBAs in the world that let you get a prestigious degree while working full time

11 alumni and staffers explain what makes these programs so great in terms of curriculum, job prospects, networking opportunities, and more.
BI Prime Finance 2020-04-20T13:00:00Z

'We are proud of the nerves of steel of our investors': The CEO of an AI-based fintech shares what it's like to close a Series A 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.
BI Prime Media 2020-04-20T12:32:48Z

A sports startup CEO explains how he's cutting costs and retooling his business to avoid layoffs

Fantasy Life CEO Yasin Abbak is focused on keeping costs down and avoiding business distractions until live sports pick back up again.
BI Prime Advertising 2020-04-20T12:00:00Z

TV advertising is a mess — these 23 industry insiders are working to fix it

These people from Nielsen, Publicis, Hulu, and more are trying to solve TV advertisers' problems as people flock to streaming services.
BI Prime Tech 2020-04-20T10:36:03Z

Famed Silicon Valley investor Marc Andreessen says America failed in its pandemic response because it's forgotten how to build

"As I write this, New York City has put out a desperate call for rain ponchos to be used as medical gowns."
BI Prime Tech 2020-04-20T07:00:00Z

We got an exclusive look at the pitch deck buzzy tech startup Alan used to raise $54 million from Index Ventures after a 165% increase in revenues

"This is a time for people to care about one and other and I think we see a long term trend of employers taking more care of their employees."
BI Prime Markets 2020-04-19T19:17:00Z
BI Prime Markets 2020-04-19T17:12:00Z

A 47-year market vet explains why he sees the economy's 'super-cycle' hurtling towards depression — and lays out his case for an 80% stock plunge later this year

David Hunter, chief macro strategist at Contrarian Macro Advisors, sees "a bear market of historic proportions" barreling down the pike.
BI Prime Enterprise 2020-04-19T13:45:00Z

The CEO of Okta had a hair gel emergency while filming the virtual keynote for an online version of his annual tech conference

Todd McKinnon shares the weirdness of putting on a virtual, multi-day tech conference from lockdown with his family at his San Francisco home
BI Prime Strategy 2020-04-19T13:30:00Z

Here's how a couple used their own relationship struggles to build a $2 million love-coaching side hustle that saved 10,000 marriages

Stacey and Paul Martino used online marketing to draw in potential clients who were struggling with divorce and other relationship issues.
BI Prime Finance 2020-04-19T13:00:00Z

AQR's former machine-learning head says quant funds should start 'nowcasting' to react to real-time data instead of trying to predict the future

Marcos Lopez de Prado, who led AQR's machine-learning efforts before leaving for Cornell, said that quants were overly reliant on models in March.
BI Prime Tech 2020-04-19T11:25:00Z

Airbnb employees chipped in $1 million from their own pockets to help economically devastated hosts, and that says something beautiful, and scary

2020 should have been one of celebration for Airbnb employees. Instead they generously gave to help hosts survive the COVID-19 crises.
BI Prime Tech 2020-04-19T08:01:00Z
BI Prime Finance 2020-04-18T19:06:50Z

Some of WeWork's outsourced cleaners just lost their jobs — even as the coworking giant keeps offices open and charges members for space they can't use

When WeWork outsourced cleaning staff in December, execs said benefits would be comparable. The separation pay is less than what laid-off WeWork staff got.
BI Prime Tech 2020-04-18T15:40:00Z

Insurance companies say they can't grant blanket coverage for all coronavirus losses, but startups can still insure against specific risks like data breaches that stem from the outbreak.

Vouch, a startup insuring other startups, has been busy providing coverage for potential losses linked to the pandemic, CEO Sam Hodges says.
BI Prime Tech 2020-04-18T15:20:00Z

These VCs are still open for business, according to a startup founder who is tracking which firms are looking at pitch decks and writing checks

The list currently has over 100 submissions, and includes key elements like whether VC firms are taking new meetings and signing term sheets.
BI Prime Tech 2020-04-18T15:15:00Z

For the past month I've been using Superhuman, the email app VCs are obsessed with that costs $30 a month — and I'm never going back to Gmail

Superhuman changed my relationship with email. I stopped hoarding messages. I became more responsive. And I reached inbox zero for the first time.
BI Prime Finance 2020-04-18T14:30:26Z

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 Retail 2020-04-18T14:00:00Z

The coronavirus is upending the bridal industry. Here's how one $18-million-backed gown startup is hitting record sales in spite of the pandemic

The CEO of a gown startup that hit record sales during the pandemic reveals why her company is thriving as the industry is pummeled.
BI Prime Enterprise 2020-04-18T13:50:00Z

These 15 companies could be acquisition targets for Amazon, Microsoft, and Google as the coronavirus crisis ratchets up the cloud wars and crushes tech valuations

The COVID-19 crisis could lead to consolidation phase in the cloud. These 15 companies could be acquisition targets for Amazon, Microsoft and Google.
BI Prime Markets 2020-04-18T13:38:00Z

Goldman Sachs unpacks a ticking time bomb in the market's junkiest debt due to the coronavirus — and explains why even the Fed will be unable to avoid it

Goldman warns that many of these struggling companies will not find the cash to repay their debt on time.
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