July 15, 2019

Goldman Sachs execs are jockeying for power in the firm’s big new private investing unit — and the stakes couldn’t be higher

A plan to combine five investing teams into a single alternatives unit has been beset by doubts over the strategy's wisdom and internal rivalries, according to people with knowledge of the discussions. Business Insider spoke ...
July 15, 2019

Facebook blockchain boss David Marcus says Libra won’t launch until it has ‘fully addressed regulatory concerns’ (FB)

On Tuesday, Facebook blockchain exec David Marcus will testify before a US Senate committee about the company's digital currency Libra. In advance of hearing, the committee has released a copy of Marcus' prepared testimony. T...
July 15, 2019

Amazon workers in Germany to strike over pay, Verdi union says

Workers at seven Amazon sites across Germany will go on strike over pay for at least two days this week starting on Sunday night going into Monday, labor union Verdi said.
July 15, 2019

Asian shares pull ahead after encouraging Chinese data

Asian shares advanced on Monday as investors breathed a sigh of relief after encouraging Chinese data suggested the world's second-biggest economy may be starting to stabilize thanks to ramped-up stimulus from Beijing.
July 13, 2019

The company behind Bud Light said it won’t take its Asia unit public, cancelling the largest IPO of 2019

Anheuser-Busch InBev has cancelled its Asia IPO, expected to be the largest of 2019.  Shares of the company fell on the news. The company said it would closely monitor conditions in Asia for its next move.  Watch A...
July 13, 2019

Non-profits, museums, and hedge funds: Here are the groups that have cut ties with the Sackler family over the opioid crisis

The Sackler family amassed a $13 billion fortune from Purdue Pharma, which owns OxyContin. The family has been accused of fueling the opioid epidemic because of how Purdue marketed OxyContin.  Many institutions including...
July 13, 2019

Trump administration freezing fuel efficiency penalties

The Trump administration said late on Friday it was issuing final rules to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements.
July 13, 2019

AB InBev pulls Budweiser listing, canceling year’s largest IPO

Anheuser-Busch InBev said on Friday it will not proceed with the planned listing in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd, in what would have been the world's biggest initial public offering (IPO) of 2019.
July 12, 2019

3 financial decisions that will make it harder to retire

The first costs to cut in preparation for retirement are the biggest: your debt, your housing, and your car. If you choose to take on more debt, live in a house that stretches your budget, or drive a car you can't afford, you...
July 12, 2019

How to retire early so you can work, travel, and relax on your own schedule

Retiring early takes time and incredible discipline. If you're planning to retire early, you should aim to have at least 25 to 30 times your estimated annual expenses saved or invested, though that number may be lower or hig...