/Business/ Last Updated: Wed, Oct 23rd, 2019 @ 9:30pm EDT

Business Insider

Paayal Zaveri

Sarah Lacy, the founder of Pando, is selling the blog, quitting journalism, and ditching Silicon Valley after 20 years because she is tired of being sexually harassed and threatened

Sarah Lacy, the founder and Editor-in-Chief of tech blog Pando, is selling the company, quitting journalism and ditching Silicon Valley after 20 years she announced in a blog post on Wednesday. She says her decision comes from years of sexual harassment and threats in her 20 years of covering Silicon Valley. "I have absorbed so many more stories than I have reported, more than I can ever report, about the dark side of Silicon Valley," she says in the blog post. Visit Business Insider's...

Business Insider

Troy Wolverton

Google employees are raising alarms about a new tool that keeps tabs on their internal meetings, but the company says it's nothing to worry about (GOOGL)

Google has developed a browser tool for internal use that can detect when employees are scheduling meetings involving large numbers of people, Bloomberg's Ryan Gallagher reported Wednesday. Employees are worried that the tool is a kind of spyware meant to discourage labor activism or organization. But Google's official line is that the tool is benign and was developed in response to an increase in spam. The budding controversy over the browser extension comes in the wake of growing tension...

Business Insider

Ashley Stewart

Microsoft CEO Satya Nadella lays out the technologies he’s betting on to take it past its $1 trillion valuation (MSFT)

Microsoft CEO Satya Nadella revealed the technologies the company plans to invest in going forward. The company will continue to advance its apps and infrastructure business, prioritize growing in data and AI, as well as compete in new areas in which Nadella said he sees as long-term growth opportunities such as security and compliance, and workflow cloud. Chief Financial Officer Amy Hood revealed on the call the company's Azure cloud computing business had "material growth" in $10...

Business Insider

Bradley Saacks and Rebecca Ungarino

Inside an elite gathering in downtown Manhattan, investors discuss recession fears, yachts, and climate change — 'whether you believe in it or not'

Inside a bright room lined with exposed brick on the third floor of a downtown Manhattan townhouse, members of the investment community sipped cucumber-and-mint-infused water and discussed recession fears, geopolitical issues, and the yacht market. At this wealth management event held on Wednesday, thrown in part by a lifestyle media company and an asset management firm, the chatter captured what elite investors, economists, and decision-makers are dwelling on. Among the topics that men and...

Business Insider

Libertina Brandt

Facebook pledged $1 billion to help fix California's affordable housing crisis one day before Mark Zuckerberg was due to address a claim that Facebook ads were enabling housing discrimination

On October 22, Facebook pledged $1 billion to help fix California's affordable housing crisis. The announcement came one day before Mark Zuckerberg testified before the House Financial Services Committee on lawmakers' questions pertaining to Libra and allegations that Facebook ads enabled discrimination. The $1 billion investment will be spread out over the next decade to create around 200,000 housing units for middle- and low-income residents, according to a blog post written by...

Business Insider

Graham Rapier

Tesla is unveiling a third version of its solar roof this week, Elon Musk says

Tesla will announce "version three" of its solar roof product on Thursday, CEO Elon Musk said Wednesday. The announcement came during the company's third-quarter earnings call following a surprise profit for the quarter, blowing past Wall Street's estimates.  Earlier this year, Walmart sued Tesla, accusing its other solar panel products of causing fires at seven stores.  Visit Business Insider's homepage for more stories.

Tesla plans to unveil a third version of its solar roof product,...


Amy Morin, Contributor

Learn To Stop Dwelling On A Bad Day At Work

The things you think about affect the way you feel, and vice versa.


Craig Hooper, Contributor

The Navy Obfuscates On Shock Testing The $13 Billion USS Ford

Congressional testimony suggests the Navy may be backing out of a Mattis-era commitment to conduct rigorous shock testing on the troubled supercarrier that's the most expensive ship in the world.

Business Insider

Lauren Johnson

Roku’s $150 million acquisition of adtech firm Dataxu could make it more competitive with Amazon, but advertisers worry it could make Roku more of a walled garden

Roku announced that it plans to acquire Boston-based adtech firm Dataxu for $150 million in cash and stock to build a bigger OTT advertising platform. Alison Levin, Roku's VP of ad sales and strategy, said Dataxu gives Roku expertise in performance-based marketing from brands that don't typically spend a lot on TV ads. But advertising execs worried that the acquisition would make Roku more of a walled garden for ad buying, measurement and targeting. Dataxu still makes money from selling...

Business Insider

Matthew DeBord and Reuters

Ford beats on third-quarter earnings but trims full-year profit guidance (F)

Ford beat analysis expectations for its 3rd-quarter profit and saw a slight decline in revenue. Ford also trimmed in full-year profit guidance. The No. 2 US automaker is in the midst of an $11 billion restructuring. Visit Business Insider's homepage for more stories.

Ford turned in a good quarter, but it's still dealing with significant challenges.

On Wednesday, Ford posted a lower quarterly profit as it took charges for its global restructuring, and reduced its full-year operating profit...

Business Insider

Mary Meisenzahl

This game lets you roleplay as a tech CEO, and it was way harder than expected

The Financial Times newspaper has created a game that lets you try out being CEO of a tech startup. As founder and CEO, your mission is to "balance profit and purpose," using limited resources to keep investors and stakeholders happy.  The game draws from real life examples, like recently-ousted WeWork CEO Adam Neumann.

Have you ever looked at the decisions of CEOs like Adam Neumann or Elon Musk and thought you could do a better job? Well, here's your chance.

FT, the publisher of the daily...

Business Insider

Caroline Lupini

5 ways to trade Chase Ultimate Rewards Points for airline miles and get incredible value

Chase Ultimate Rewards points are one of the best types of points to earn if you want both value and flexibility. Because of their flexibility, you can get great deals on airfare by transferring the points to partner airlines like Southwest, JetBlue, United, or Iberia. Using the Expedia-powered Ultimate Rewards travel portal, you can book essentially any flight that is available for sale, along with everything else Expedia sells, such as hotels and rental cars. This can be one of the best...

Business Insider

Alex Nicoll

The CEO of Blackstone's massive office portfolio says industry-wide proptech adoption is hinging on strong leadership — and a healthy dose of fear

Lisa Picard, chief executive of Blackstone's EQ Office, outlined her view of the future of proptech and how real estate companies can put new tech to use at a presentation at a CREtech event last week.  Blackstone purchased the EQ Office portfolio, formerly Equity Office, from Sam Zell in 2007. Picard took the reins in 2016, and it rebranded to EQ Office in 2018 as it began to work more with flex-space providers like Convene, WeWork and Industrious.  Picard called for landlords and...

Business Insider

Sarah Li Cain

I looked into 'house hacking' to live for free, but there are a few reasons I've decided it's not for me

When my husband and I looked at buying a home in a suburb of Jacksonville, Florida, we considered setting ourselves up to "house hack," which would cover the costs of our property. House hacking is where you utilize your primary residence to help you earn income, so you can live for free or drastically reduce expenses. But we found that we couldn't find suitable properties for this strategy where we wanted to live. Plus, having a toddler makes it hard to rent space to roommates or do...

Business Insider

Carmen Reinicke

Beyond Meat falls below $100 per share ahead of earnings after a series of wins for competitors (BYND)

Beyond Meat shares fell as much as 8% Wednesday after competitors Impossible Foods and Kellogg's Morningstar Farms scored wins.  That pushed Beyond's share price below $100 for the first time since June.  Investors are also likely skittish ahead of the company's third quarter earnings release and lockup period expiration next week.  Watch Beyond Meat trade live on Markets Insider.

Beyond Meat is having a bit of a rough week after competitors Impossible Foods and Kellogg's Incogmeato...

Business Insider

Hillary Hoffower

An Italian designer debuted a pair of heels reportedly worth $20 million, made of solid gold, 30 carats of diamonds, and meteorite — and he claims they're 'the most expensive shoes in the world'

In early October, Italian designer Antonio Vietri debuted what might be the world's most expensive shoe — the "Moon Star Shoes," worth nearly $20 million, reported Sophie Prideaux for The National. The Moon Star Shoes are fashioned out of a solid gold heel, 30 carats of diamonds, and a piece of an Argentinian meteorite circa 1576, Prideaux wrote. Footwear has become the most powerful category in the online luxury market, says a report from The NPD Group. Visit Business Insider's homepage...

Business Insider

Kelly Burch

Even without the cash for a down payment, I was able to buy a new house — and keep my old house as a rental

My family had outgrown our 900-square-foot house, but we knew it would make a great rental.  However, we didn't have the cash on hand for a down payment on a bigger home. I took out a $35,000 home equity loan to use as a down payment.  This allowed me to move into a bigger home, while keeping my first home as a rental.  Read more personal finance coverage.

Most people who can afford home ownership follow the same cycle: You buy a starter home to get into the market. When that no longer...

Business Insider

Megan DeMatteo

I got the Chase Freedom for the intro APR offer, but I'm still using the card two years later thanks to its cash-back rewards and purchase protection

I originally signed up for the no-annual-fee Chase Freedom to take advantage of its introductory APR offer and sign-up bonus ahead of a cross-country move. These offers were helpful, and I was able to pay my balance off without interest. I didn't think I'd continue to use the Freedom card after my move, but it's ended up being a great way for me to earn 1% cash back on everyday spending, as well as bonus cash back on rotating quarterly categories. The Freedom's purchase protections and...

Business Insider

Ashley Stewart

LIVE: Here come Microsoft's earnings (MSFT)

Microsoft will report its fiscal Q1 earnings results after the market closes on Wednesday.

The tech giant will provide updates to closely-watched areas of its business, especially its Azure cloud business, which consistently drives revenue growth.

Here's what Wall Street is expecting:

Fiscal Q1 Revenue: $32.3 billion, up nearly 11 percent from the year-ago period Fiscal Q1 EPS (adjusted): $1.24 per share

We'll be covering Microsoft's results live so hit refresh or click here for the latest...

Business Insider

Graham Rapier

Here comes Tesla ... (TSLA)

Tesla is set to report third-quarter earnings on Wednesday shortly after the 4 p.m. closing bell.  Wall Street analysts don't expect the company to return to profitability for this period.  Investors will be watching the company's margins after it churned out a record number of vehicles for the quarter.  Historically, shares of Tesla have moved an average of 8% in either direction following its quarterly reports.  Visit Business Insider's homepage for more stories.

Tesla is set to...

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