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2 privacy crises in one week prove Facebook still hasn’t solved its privacy woes, even after a $5 billion fine (FB)
Facebook just got hit with two privacy scandals in the last two weeks. First, a trusted partner was caught harvesting the data of millions of Instagram users. Then, the company acknowledged that it was sending audio from users’ Messenger chats to human transcribers. The double whammy shows Facebook still has a massive blind spot on... Read More →
Life insurance is one of the best tools for protecting your family’s future — and the younger you are, the cheaper it is
A life insurance policy can replace income, help pay off debt, or provide a savings cushion for your dependents if you die prematurely. Usually, the younger you are when you buy a life insurance policy, the cheaper it is, regardless of the amount of coverage. From the time the first monthly premium is paid until... Read More →
THE MONETIZATION OF OPEN BANKING: How legacy institutions can use open banking to develop new revenue streams, reach more customers, and avoid losing out to neobanks and fintechs
This is a preview of The Monetization of Open Banking research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Fintech industry research reports. Open banking has arrived, and it’s transforming the UK’s banking landscape — next up could be the world. Regulatory efforts in the UK are transforming... Read More →
A top Citigroup executive is departing as the bank winds down a secretive $1 billion business amid competition from private equity
A little-known principal-investing team at Citigroup is being wound down, and the executive who led the group has left the firm, according to people familiar with the matter. What remains of Citi Credit Opportunities, a vestige of pre-financial-crisis banking that had $1 billion in its balance sheet to make loans to small and midsize companies,... Read More →
The Dow surges more than 500 points after the US postpones China tariffs
All three major US stock indexes rose on Monday after the Trump Administration said it would exempt some Chinese imports from tariffs scheduled to take effect in September. The US Trade Representative also said duties on other products, including cell phones, laptops, and some clothing items, would be postponed until December 15. Shares of Apple... Read More →
I talked to 6 elite matchmakers, and they all said there are 3 red flags they watch for when vetting millionaire clients
I spoke with six elite matchmakers for Business Insider’s monthlong series, “Dating Like a Millionaire.” about what it’s like to date when you’re in the 1%. All the matchmakers have vigorous vetting processes to determine whether they should take on a client, from house calls and simulated dates to interviews and investigations. There are also three... Read More →
Lisbon is the hottest travel destination for millennials in 2019. We asked 20-somethings for their best travel tips — from fairy-tale castles to buzzing nightlife, here’s what they said.
Lisbon, Portugal, is the most popular travel destination for millennials, according to travel-planning site müvTravel. Millennials love Lisbon for its architecture and neighborhoods that charm by day and buzz at night. Located on the coast, Lisbon is also in proximity to beaches and resort towns for a day trip. Visit BusinessInsider.com for more stories. Millennials... Read More →
Dispensed: Career advice from BI’s young healthcare leaders, a wild week for biotechs, and a list of white-hot AI startups
Hello, Welcome to your regularly scheduled Friday edition of Dispensed, where we’re looking forward to the weekend after finally getting out our list of 30 leaders under 40 transforming healthcare. We hope you all have enjoyed the project as much as we enjoyed getting to know the honorees this summer. Click here to see the... Read More →
The bizarre story of 1MDB, the Goldman Sachs-backed Malaysian fund that turned into one of the biggest scandals in financial history
1MDB is one of the biggest financial scandals of all-time. It’s so wild it’s got links to the Wolf of Wall Street film, Miranda Kerr, and Donald Trump. The latest news is that 17 former and current Goldman execs have been charged over the scandal. We broke down all the major events for you that... Read More →
Blend’s CFO explains how the buzzy mortgage startup overshot its own expectations with a $130 million Series E — and the metrics that made investors salivate
Fintech startup Blend recently closed a $130 million funding round with two lead investors, trouncing CFO Marc Greenberg’s expectations for one lead and a haul of $75 million to $100 million. Big banks have been turning to fintech startups like Blend that promise to help make cumbersome processes like mortgage lending easier. To win investors... Read More →