/Business/ Last Updated: Mon, Aug 19th, 2019 @ 6:30pm EDT

Business Insider

Daniel Strauss

Apple's wearables business is now the size of a Fortune 200 company (AAPL)

In the face of slowing iPhone sales, Apple is quickly improving and expanding its other hardware products such as the Apple Watch and AirPods.  According to UBS, Apple's wearables segment is now the size of a Fortune 200 company on a trailing 12-month basis.  The segment also contributed more revenue growth in the third quarter of 2019 than Apple's services business, another huge initiative the company has pursued to diversify its business.  Watch Apple trade live.

As Apple drifts away...

Business Insider

Julie Bort

A group of states may launch investigations into big tech companies like Facebook and Google possibly next month

Representatives from as many as a dozen states met with DoJ officials to discuss a multi-state effort to investigate big tech companies like Facebook and Google. The states may announce their own, but coordinated, investigations as early as next month, the Wall Street Journal reports. Calls for investigations into big tech is one area that both US political parties agree on. Visit Business Insider's homepage for more stories.

States including North Carolina, Mississippi, Texas and others...

Business Insider

Libertina Brandt

New York City is home to one of the country's most expensive rental markets — and as of July, rent in Brooklyn peaked at an all-time high for the 2nd month in a row

New York City is home to one of the country's most expensive rental markets. The rental markets in both Brooklyn and Manhattan saw an extremely expensive July, according to Douglas Elliman's monthly rental report. According to the report, the median rent in Brooklyn in July was $3,000. June 2019 was the first time the median rent in Brooklyn hit $3,000 — a record high, according to Elliman, after 11 years of tracking. Visit Business Insider's homepage for more stories.

Rents continues to...

Business Insider

Julie Bort

How WeWork paid Adam Neumann $5.9 million to use the name 'We'

One of the most jaw-dropping transactions revealed in WeWork's S-1 filing involved a $5.9 million payment made to another company controlled by WeWork's CEO. We paid Neumann's other company $5.9 million worth of securities in order to own and use the name "We." One tech-finance pundit, New York University professor Scott Galloway, has skewered the company over this transaction. Read all of BI's WeWork coverage here.

As we previously reported, WeWork founder Adam Neumann has not only locked...

Business Insider

Daniel Strauss

Stocks charge higher on trade progress and signs of government stimulus

Stocks charge higher on Monday after the Trump administration said it had begun planning a new round of trade negotiations with China.  Stocks also got a boost on signs of economic stimulus from Germany, which stoked hopes that other nations would do the same. The US is also expected to extend some exemptions for its ban on Huawei, further soothing concerns of a prolonged trade war between the US and China.  Visit the Markets Insider homepage for more stories. 

Stocks climbed on Monday...

Business Insider

Business Insider

LIVE WEBINAR: Headset CEO Cy Scott and leading cannabis investor Emily Paxhia on raising money in the red-hot marijuana industry

The cannabis sector is red-hot, and marijuana analytics company Headset is one of the buzziest startups in the space.

Earlier this year,  Headset raised $12 million and inked deals with market research firm Nielsen and accounting firm Deloitte.

Join Headset CEO Cy Scott in an exclusive BI Prime webinar on September 5th at 2 PM EST as he takes readers through his pitch deck and explains how he convinced VCs, including early Juul investor Poseidon Asset Management, to buy in.

Poseidon...

Business Insider

Ariana Arghandewal

The average US household spends over $2,000 on gas each year. Here's how many points that translates to with 3 popular credit cards

According to the Bureau of Labor Statistics, the average US household spent more than $2,000 on gas between 2017 and 2018. That's a considerable expense, and it's one you can maximize with rewards credit cards that earn bonus points at gas stations With just over $2,000 in annual gas purchases, you can rack up points, miles, or cash back with cards like the American Express® Business Gold Card, the Hilton Honors American Express Surpass® Card, and the PenFed Platinum Rewards Visa.

If...

Business Insider

Dakin Campbell and Trista Kelley

Barclays has lost a quintet of FIG bankers over the last month — and it shows how Jes Staley's bonus cuts may be affecting morale

Barclays has lost five investment bankers from its Americas financial institutions group in the last month or so. The bankers left due to a variety of individual factors, though some included the British bank's efforts to cut compensation costs in order to meet a year-end profitability goal.  Click here for more BI Prime stories.

Looks like Tim Throsby may have been right. 

In March, the former Barclays exec sent an email to his ex-boss and Barclays CEO, Jes Staley, over what Throsby...

Business Insider

Daniel Strauss

Apple's wearables business is now the size of a Fortune 200 company (AAPL)

In the face of slowing iPhone sales, Apple is quickly improving and expanding its other hardware products such as the Apple Watch and AirPods.  According to UBS, Apple's wearables segment is now the size of a Fortune 200 company on a trailing 12-month basis.  The segment also contributed more revenue growth in the third quarter of 2019 than Apple's services business, another huge initiative the company has pursued to diversify its business.  Watch Apple trade live.

As Apple drifts away...

Business Insider

Carmen Reinicke

Bitcoin has become an unlikely safe haven as global turmoil has rocked markets. But not everyone thinks that’s a good idea.

Cryptocurrencies such as bitcoin are becoming more and more appealing to investors as safe haven assets as trade tensions and geopolitical forces whip global markets and currencies.  Because bitcoin is decentralized, it's not directly subject to market forces such as interest rates or currency debasement. Still, one expert explains to us why they don't recommend investors invest in bitcoin for that reason. Read more on Markets Insider.

As escalating trade tensions between the US and China...

Business Insider

Graham Rapier

RV sales are plummeting, which could mean a recession is on its way — and President Trump's trade war isn't helping the struggling industry

Recreational vehicle sales have consistently fallen in every month of 2019 compared to last year.  Experts worry that the RV decline could be yet another sign that an economic recession is forthcoming.  Last week, the "yield curve" between short- and long-term Treasury bond yields inverted for the first time in a decade. The change has preempted each of the last seven recessions.  Visit Business Insider's homepage for more stories.

Forget the yield curve. Sales of recreational vehicles...

Business Insider

Tanza Loudenback

The net worth it takes at every age to be richer than most people you know

The typical American household has a net worth of about $97,300. The richest 20% of the US population has a median household net worth of nearly $500,000. When broken down by age, it can be helpful to see how your own net worth compares to others'. For example, the richest 20% of 41 to 45-year-olds have a median net worth of $379,000. Visit Business Insider's homepage for more stories.

The journey to building wealth is a highly personal one, but it may be helpful to know how you compare to...

Business Insider

Taylor Nicole Rogers

The billionaire who founded NYC's biggest grocery chain after immigrating to America as an infant explains his support for Trump — and why he thinks the US should build a wall

John Catsimatidis, a Greek immigrant and the founder of New York City grocery chain Gristedes, is a vocal supporter of President Trump. On the topic of Trump's reelection campaign, Catsimatidis told Bloomberg's Hailey Waller, "I don't want a job. I'm here to help." Catsimatidis has a net worth of $3.1 billion, Forbes estimates. Visit Business Insider's homepage for more stories.

John Catsimatidis built a fortune operating a New York City-area grocery chain after his parents brought him to...

Business Insider

Luisa Zhou

I made $106,421 on the side while working a demanding 9-to-5 job. Here are the 5 tricks that helped me the most.

Luisa Zhou's career is built around teaching people how to start their own six-figure-plus businesses working for themselves. Before she turned in her notice at a great job with a six-figure salary, she had already made $106,421 from her side gig. Below, she shares the top tricks that helped her launch a highly successful business — without giving up watching her favorite TV shows. One tip is the "Delete/Delegate/Do" strategy, which helps free up her time for the most crucial tasks at...

Business Insider

Christian Wylonis, The Org

Here are the latest executive power moves that help explain everything that's going on at E*Trade, Rite Aid, and Yum! Brands

Keeping an eye on major hires and promotions is one of the best ways to understand a company's strategy.  The Org tracks executive changes at companies big and small.  Here's a snapshot of the most important executive moves of the week across tech, retail and consumer.

Every week we bring you an overview of the most important executive changes across a variety of industries. 

This week, discount broker E*Trade announced that CEO Karl Roessner has resigned from the company effective...

Business Insider

Ian Phillips and Caralynn Lippo

The Rock just married longtime girlfriend Lauren Hashian. Here's how the highest-paid actor in Hollywood makes and spends his millions.

Congratulations are in order for Dwayne "The Rock" Johnson. The "Hobbs & Shaw" actor just tied the knot with longtime girlfriend Lauren Hashian in a secret Hawaiian ceremony.

As Johnson's personal life is flourishing, his professional life continues to do the same. He ranked 15th on Forbes' 2019 list of the world's highest-paid celebrities, topping the list of the highest-paid actors in the world. According to Forbes, the former WWE star earned $89.4 million over the course of the year....

Business Insider

Richard Feloni

181 CEOs of public companies, including Apple, JPMorgan Chase, and Walmart, have declared a company's purpose is to serve more than just shareholders

The Business Roundtable, an association of CEOs of many of America's largest companies, announced Monday in a statement that it now views the purpose of a company to be not just for shareholders, but for all stakeholders — like customers, employees, and communities. Among the 181 signatories are the CEOs of Amazon, Apple, BlackRock, IBM, JPMorgan Chase, and Walmart. This article is part of Business Insider's ongoing series on Better Capitalism. Visit BusinessInsider.com for more...

Business Insider

Ben Winck

Nvidia jumps after announcing a partnership with Microsoft to give Minecraft a massive graphics overhaul (NVDA)

Nvidia shares jumped as much as 6% Monday after Microsoft announced it would bring the chipmaker's "ray tracing" graphics technology to "Minecraft," one of the world's most popular video games. The graphics upgrade will represent one of the biggest updates to "Minecraft," bringing more realistic lighting, shadows and reflections to the sandbox-style game. The partnership is unlikely to pass over to Microsoft's next-generation console though, as the Xbox One successor will run on AMD...

Business Insider

Alex Morrell

Bank of America's investment-banking hiring blitz continues with several more star dealmakers — including a Lazard veteran who worked on a $100 billion beer merger

Bank of America has poached several senior dealmakers just this month as its investment-banking hiring blitz continues. The latest to join the firm is Jean Greene, a longtime Lazard banker who worked on a $100 billion brewery merger.  The bank has made more than two dozen senior hires amid a substantial turnaround in fortunes from a disappointing 2018.  Click here for more BI Prime stories.

Bank of America's efforts to rejuvenate its dealmaking operations and snatch back market share...

Business Insider

Marley Jay

Recession fears from Trump's trade war have all but ensured the Fed will cut rates further. Here are the 12 stocks Goldman Sachs says could benefit most.

David Kostin — the chief US equity strategist at Goldman Sachs — says high-dividend stocks look very promising in an environment where interest rates likely to fall further. Kostin has identified a subset of the high-dividend group including firms that have the potential to raise payouts even further.  He says those stocks are unusually cheap compared to the rest of the market because investors are too pessimistic about overall dividend growth. Click here for more BI Prime...

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