/Business/ Last Updated: Tue, Oct 16th, 2018 @ 3:15pm EDT

Forbes

Erik Kain, Contributor

'The Walking Dead' Made A Huge, Unforgivable Mistake With Season 9 And Rick Grimes

AMC's marketing for Season 9 of 'The Walking Dead' has been a total disaster, and bad ratings prove it.

Forbes

Alex Konrad, Forbes Staff

This Upstart Is Using A Bridgewater-Style Data Approach To Beat Traditional VCs To Key Hires—And Deals

Upstart VC firm SignalFire has placed 55 people in six months—and won 44 of 46 head-to-head term sheets—taking an approach inspired by Bridgewater and Uber, not other firms.

Business Insider

Alex Morrell

Bank earnings are over — here's a scorecard of how JPMorgan, Goldman Sachs, Citi, Morgan Stanley, and Bank of America stacked up

Third-quarter earnings at the big US banks are over. Now that the dust has (ever-so slightly) settled, how did the big-five US investment banks stack up against each other? 

Opimas, a capital markets consulting firm, has released a scorecard showing how much individual investment banking business lines — strategic advisory, equity and debt underwriting, and equity and FICC sales and trading — grew year-over-year at Citigroup, JPMorgan Chase, Morgan Stanley, Goldman Sachs, and Bank of...

Business Insider

Akin Oyedele

A Warren Buffett-backed company stands to get a big boost from Sears' demise — here's a list of winners, and what they're telling investors

Mall operators are scrambling to point out how Sears' downfall is a positive development for their businesses.  They include Seritage, the real-estate spin-off from Sears. The company stands to lose rental income from closed stores, but says an investment from Warren Buffett would help it stay afloat.  The 125-year-old retailer filed for bankruptcy protection on Monday, and a handful of real-estate companies were quick to point out how prepared they are to capitalize on it.

The ink on...

Business Insider

Matthew DeBord

Fender has discovered that guitars aren't just for rock stars anymore — and they could help your mind stay young as you age

Fender partnered with a research consultancy and a neuroscientist to learn about guitar players. The results of that research suggest that playing guitar could contribute to well-being. A surprising number of new guitar players have no rock-star ambitions whatsoever. Fender has also gathered interesting data from its Fender Play online learning system, which launched last year.


When it comes to guitars, and electric guitars in particular, no company is bigger than Fender. The 72-year-old...

Business Insider

Bob Bryan

One of Republicans' biggest promises about their tax law is coming apart at the seams

The Treasury Department reported that the budget deficit grew to $779 billion in fiscal year 2018. A primary reason for the increase in the deficit was a decrease in revenue due to the GOP tax law. The evidence so far contradicts Republicans leaders and the Trump administration's argument that the tax law would pay for itself. While there may still be a revenue boost from the law, the early returns do not look encouraging, and most forecasters expect the deficit to continue to...

Business Insider

Áine Cain

Walmart says it will save more than $200 million by making 2 minor changes (WMT)

Walmart is looking to save millions of dollars by making slight tweaks in its stores. CFO and executive vice president Brett Biggs announced that the retail chain planned to replace all of its fluorescent lights with LED lights over the next few years. He said that the swap would save Walmart $200 million over time. Biggs added that the chain was due to save $20 million a year just by switching the floor wax used in the stores.

The smallest of changes can add up to big savings at...

Business Insider

Gina Heeb

The Dow jumps more than 400 points

Stocks jumped Tuesday as strong earnings and economic data lifted spirits on Wall Street.  The three major US indices had shed about 4% during a sell-off last week. Watch US stocks trade in real time here.

Stocks rose sharply Tuesday as strong earnings reports helped lift spirits on Wall Street after one of the worst sell-offs in eight months.

The Dow Jones industrial average rallied as much as 1.6%, 0r more than 400 points, after ending lower four out of the five previous sessions. The...

Business Insider

Graham Rapier

Weed stocks are under pressure on the eve of Canada's legalization (CGC, TLRY)

Cannabis stocks were frothy Tuesday — one day ahead of Canada's full legalization.  After previously setting record highs, Canopy Growth and Aurora Cannabis had fallen into the red alongside the entire sector.

Canada will become the first developed country to legalize recreational cannabis on Wednesday, but with mere hours left before the first sales are legal, many of the largest marijuana stocks were seeing red.

Canopy Growth, Aurora Cannabis, and Tilray — collectively the three...

Business Insider

Graham Rapier

Lyft reportedly taps Wall Street banks for an IPO

Lyft has selected JPMorgan, Credit Suisse, and Jefferies for an IPO, the Wall Street Journal Reported Tuesday. Both Lyft and its ride-hailing competitor Uber are racing towards stock listings. Uber has netted a $120 billion target, the same paper also reported Tuesday.

Lyft has selected JPMorgan as the lead bookrunner for its imminent initial public offering, the Wall Street Journal reported Tuesday, with Credit Suisse and Jefferies also working on the listing.

The IPO is expected to happen...

Business Insider

Andy Kiersz

35 business schools that get the most bang for your buck, ranked

Higher- and business-education specialist QS Quacquarelli Symonds recently released its 2019 Global MBA Ranking, evaluating 251 of the best business schools in the world. One of the components of QS' ranking is the estimated return on investment for an MBA at each school. Here are the 35 schools among the 100 best global MBA programs overall that had the highest return on investment score.

Business school is a big investment, and different MBA programs give a different return on...

Business Insider

Matthew DeBord

I drove a $474,000 Ferrari 812 Superfast to see if the sports car delivers a thrill worth the price — here's the verdict (RACE)

The Ferrari 812 Superfast is the successor to the F12berlinetta. The 812 Superfast is the latest two-seat Ferrari GT car that is powered by a huge V12 engine. The 812 adds over 50 horsepower on the F12, bringing the output to 789 hp and making it the most powerful Ferrari ever. I drove a $474,000 version of the car for a weekend and was in Ferrari heaven. 


Cars with just two seats but with massive motors are, to be honest, pretty rare. Once you've seen a Corvette and an Aston Martin,...

Business Insider

Jason Guerrasio

Netflix is getting a sweet deal from the government on its big studio complex (NFLX)

Netflix will be getting a steal on the Albuquerque, New Mexico production hub it's in the final stages of acquiring. According to Variety, the streaming giant is looking to pay just $30 million to get ABQ Studios, which would be its first ever studio complex. The present assessed value for the site is $22.7 million, less than one third of the original $91million cost of the facility that opened in 2007. Netflix will also receive $14.5 million in government funds.

 

It's now becoming more...

Business Insider

Dakin Campbell and Olivia Oran

Goldman Sachs's bond trading unit is still trying to find its way — and it represents a key priority for new CEO David Solomon (GS)

Goldman's fixed-income, currencies and commodities unit, once a high-flyer that's been humbled in recent years, is still searching for its footing after missing analyst estimates in the third quarter. Turning around the business has been a key priority for new CEO David Solomon.  Goldman Sachs' fixed income sales business has gone through four different global coheads heads in the last three years. After the global head announced his retirement last week, the unit will no longer have an...

Business Insider

Richard Feloni

'We believe we will prove them wrong': Billionaire AOL founder Steve Case says skepticism around his 'Rise of the Rest' project reminds him of AOL's early years

Steve Case is the billionaire founding CEO of AOL and the head of Washington, DC-based venture-capital firm Revolution. AOL was the leader of the first wave of internet companies, and Case says we are at the start of "the third wave," where what's essentially an "internet of everything" will transform industries outside of Silicon Valley. He said the level of opportunity and skepticism around his current "Rise of the Rest" investment project gives him "deja vu" of AOL's early years. This...

Business Insider

Gina Heeb

Saudi Arabia using the 'oil weapon option' could cause prices to soar to $150

There is increasing evidence Saudi Arabia was behind the disappearance of Jamal Khashoggi, a US resident who has been a critic of the crown prince.   After the US threatened sanctions against Saudi Arabia, the oil-rich country seemed to hint at its ability to hit back through the energy market.  Analysts see a 1973-style embargo as unlikely, but warn oil prices could hit triple-digits if tensions escalate.

Saudi Arabia has pushed back against the overwhelming evidence that it was behind...

Business Insider

Lydia Ramsey

'Now we can sprint': Investors including Andreessen Horowitz just made a $300 million bet that a startup can take on healthcare giants at caring for elderly Americans

Devoted Health, a startup that wants to reinvent how we care for aging Americans, just raised $300 million ahead of its launch of health plans for 2019 in parts of Florida.  Devoted's founders have tons of healthcare experience, but the company will have to compete for customers with some of the biggest health insurers in the US. The funding will be used to fuel the plans through 2019, as well as help Devoted build up its technology. "Now we can sprint," DJ Patil, Devoted's head of...

Business Insider

Ethel Jiang

Millennials are buying the Netflix dip ahead of earnings (NFLX)

Netflix will report its third-quarter results after Tuesday's closing bell. Shares have fallen more than 20% since peaking in June and were punished particularly hard during last Wednesday's aggressive market sell-off. Investors on Robinhood, a free-trading app popular among younger traders, have been snapping up shares. Several analysts have slashed their price target ahead of the earnings. Watch Netflix trade in real time here.

Netflix is set to report its third-quarter earnings after...

Business Insider

Alex Morrell

Wall Street research firm Autonomous is embroiled in a lawsuit over claims of gender-pay discrimination and retaliation — and it's getting uglier

Boutique equity-research firm Autonomous Research is embroiled in a lawsuit by a high-ranking female partner over claims of gender-pay discrimination and retaliation. Erin Baskett, a managing partner as well as CFO and CCO of the firm's US office, alleges she was paid significantly less than male peers. Baskett, who continues to work at the firm, also claims when she raised these complaints, as well as concerns regarding what she alleges were regulatory and compliance lapses, senior...

Business Insider

Ethel Jiang

Tesla surges after judge approves Elon Musk's settlement with SEC (TSLA)

Tesla rallied Tuesday morning after a judge approved CEO Elon Musk's settlement over a fraud charge. The Securities and Exchange Commission sued Musk last month over allegations that he committed fraud when he said he had "funding secured" to take Tesla private. All eyes are on now on the company's third-quarter earnings report later this month.  Watch Tesla trade in real time here.

Tesla rallied as much as 5% Tuesday morning after a judge approved CEO Elon Musk's settlement...

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