/Business/ Last Updated: Thu, Apr 25th, 2019 @ 1:10am EDT

Business Insider

Sarah Gray

Cory Booker's tax returns show an eye-popping financial stat that sets him apart from every other 2020 Democrat

Sen. Cory Booker, a Democrat from New Jersey and current 2020 presidential candidate, released 10 years of his tax returns on Wednesday evening — and one financial stat stands out compared to the other Democratic candidates. In 2018, Booker made $152,639 (his US Senate salary); he paid $22,781 in federal taxes and he donated $24,000 to charity. His charitable donation amount equals a little more than 15% of his 2018 income, and it makes him the Democratic candidate who gave the largest...


Bill Sarubbi, Contributor

Prepare To Add To Gold Positions

Gold prices are due to rise.


John Boyens, CommunityVoice

Putting Leadership Into Action

People won’t follow you unless they believe that you’ve got a clear vision of where to go.

Business Insider

Troy Wolverton

The $5 billion fine Facebook expects to pay the FTC is a joke — on all of us (FB)

The $3 billion to $5 billion fine Facebook expects to pay to settle a Federal Trade Commission inquiry sounds big, but for the company, it really isn't. As part of its earnings report Wednesday, Facebook announced it was setting aside $3 billion to pay the potential fine, although it noted that a deal with the agency isn't yet done. Facebook has $45 billion in cash and securities on hand and generates $5 billion in cash each quarter, even after investments in property and equipment, so it...


Don Reisinger, Contributor

The Best Mini Projectors To Replace Your TV

If you want a screen size that no physical television can provide, but can't shell out for the real deal, you need a mini projector. Our roundup will guide you to the perfect one.

Business Insider

Graham Rapier

Tesla just reported an abysmal quarter with Model S and Model X sales falling off a cliff (TSLA)

Tesla reported first-quarter earnings on Wednesday that missed Wall Street estimates. Model S and X sales dropped drastically in the quarter. CEO Elon Musk said that's not due to cannibalization from the newer, cheaper Model 3.

Tesla reported first-quarter earnings on Wednesday that missed analysts' estimates on both the top and bottom lines.

Among the details shared in the company's letter to shareholders were sales updates on each of Tesla's three models, and demand for its original two,...

Business Insider

Mark Matousek

Elon Musk said now is 'probably' around the right time to raise capital (TSLA)

Tesla CEO Elon Musk said on Wednesday that there is "merit" to the idea of raising new funds. "At this point, I do think there is some merit to raising capital," he said during Tesla's first-quarter earnings call. "This is probably about the right timing." Tesla ended the first quarter with $2.2 billion of cash and cash equivalents, down $1.5 billion from the end of 2018. Visit Business Insider's homepage for more stories.

Tesla CEO Elon Musk said on Wednesday that there is "merit" to the...

Business Insider

Becky Peterson

Slack could publicly file its S-1 this week in a major step toward an IPO

Slack could publicly file for its long-awaited IPO as soon as Friday, Business Insider has confirmed.  The timing of Slack's upcoming S-1, which was first reported by the Wall Street Journal, puts the company on track to go public in May or June. Slack, which was last privately valued at $7 billion, is expected to IPO using a direct listing — an unconventional method in which shareholders sell their stakes directly to the public.

Workplace chat app Slack is expected to publicly file the...


Chuck DeVore, Contributor

Biomass Follies -- Austin, Texas Is The Latest City To Find It Isn't Easy Being Green

Last week, Steve Adler, the mayor of Austin, Texas, announced that city taxpayers would be paying $460 million for a biomass power plant they’d previously paid $128 million to help build on top of a yearly payment of $54 million for six years—that generated electricity for all of two months.

Business Insider

Nick Bastone

Why Facebook is paying a fine of $3 billion to $5 billion (FB)

Facebook is estimating that it could be subject to a $3 billion to $5 billion fine by the Federal Trade Commission (FTC), according to the company's earnings report filed on Wednesday.  The fine could come as a result of Facebook violating a 2011 agreement with the FTC regarding consumer privacy.  As part of that agreement, Facebook agreed to get users' consent before sharing their data with third parties, such as Cambridge Analytica. It also agreed to take steps to better protect users'...

Business Insider

Benjamin Zhang

United Airlines just unveiled its first new look since merging with Continental Airlines nearly a decade ago (UAL)

United Airlines unveiled its new livery on a Boeing 737NG airliner. It's United's first new paint scheme since the company merged with Continental Airlines in 2012. United's livery is an evolution of the old Continental paint design. Visit Business Insider's homepage for more stories.

United Airlines unveiled its brand-new livery on Wednesday. It's United's first new paint scheme since the company merged with Continental Airlines in 2012.

"As we improve and elevate our customer experience,...

Business Insider

Gina Heeb

A new study says Trump's tariffs aren't hurting Europe much and could have a bigger impact on the US

President Donald Trump's trade policies have so far had a mild impact on countries across the Atlantic even as they have cast a cloud of uncertainty over global growth. Effects would also be limited if the Trump administration moved forward with tariffs on European cars. Proposed auto duties would cost auto sectors in Japan and the EU around 10% and 4%, respectively, the economists estimated. Visit MarketsInsider.com for more stories.

President Donald Trump's trade policies have so far had...

Business Insider

Mark Matousek

Elon Musk says Tesla will begin offering its own insurance to customers next month (TSLA)

Tesla CEO Elon Musk said on Wednesday that the electric-car maker will begin offering a new insurance product to its customers in around a month. Musk did not offer further details, and the company did not immediately respond to a request for comment. Tesla owners have dealt with high insurance costs due in part to the relative difficulty of finding replacement parts and qualified body shops. Visit Business Insider's homepage for more stories.

Tesla CEO Elon Musk said on Wednesday that the...


Kyle Torpey, Contributor

This Key Part Of Bitcoin's History Is What Separates It From Competitors

Bitcoin is the only cryptocurrency that has proven itself resistant to social and political pressure to make changes from influential members of the network.


Michael Shellenberger, Contributor

Unreliable Nature Of Solar And Wind Makes Electricity More Expensive, New Study Finds

Solar panels and wind turbines are making electricity significantly more expensive, a major new study by a team of economists from the University of Chicago finds.


Jim Amos, Contributor

'Saving Private Ryan' Returns To Cinemas To Commemorate 75th Anniversary of D-Day

Saving Private Ryan is probably best known for its initial 27 minutes which featured a brutally realistic recreation of the Normandy invasion, which critic Rex Reed of the New York Observer called, "the most overwhelming and agonizing half hour I have ever spent in a theater".

Business Insider

Tanza Loudenback

What average Americans spend on groceries every month in 22 major cities

It's easy to blow your budget on groceries. Because of differences in cost of living, how much people spend on average varies across cities. The average household grocery spend across major US cities ranges from $286 a month in Dallas to nearly $500 a month in Seattle. Visit Business Insider's homepage for more stories.

It's easy to get carried away at the grocery store. She who isn't tempted fill up a basket or cart with extra chips, produce, ice cream, or frozen meals "just in case" is a...

Business Insider

Rebecca Ungarino

LIVE: Tesla is about to release earnings for a quarter it 'may want to forget' (TSLA)

Tesla is scheduled to report first-quarter earnings after Wednesday's closing bell. CEO Elon Musk told investors in February that Tesla was unlikely to turn a profit in the first-quarter, reversing his prior forecast. Shares have fallen 21% this year amid concerns around underlying demand for Tesla's vehicles. Watch Tesla trade live.

Tesla is set to release its financial results following Wednesday's closing bell for a quarter Morgan Stanley described as one the electric-car maker "may want...

Business Insider

Rob Price

LIVE: Facebook expects to be hit with $3-5 billion fine by the FTC, as it beats Wall Street's revenue expectations for Q1 (FB)

Facebook has set aside $3 billion in anticipation of an expected multi-billion dollar fine from US regulators.

On Wednesday, the California social networking giant announced its Q1 2019 financial results. It beat Wall Street's expectations for revenue for the quarter, and announced that it was preparing for a fine from the Federal Trade Commission in the $3-5 billion range relating to its investigation of Facebook's alleged violations of a 2011 consent decree relating to user privacy.


Business Insider

Matt Weinberger

Microsoft beats Wall Street expectations on the top and bottom lines, and the company is inching closer to a $1 trillion market cap (MSFT)

Microsoft announced its earnings for the most recent quarter on Wednesday after the closing bell. 

The stock is gaining in after-hours trading, now up some 2% to about $128 per share, after sharing results that handily beat Wall Street analyst expectations on the top and bottom line.

Here's what Microsoft reported:

Revenue: $30.6 billion versus the $29.86 billion expected by Wall Street analysts — up 14% from the same period last year. EPS (GAAP): $1.14 per share versus $1 expected. Net...

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