MSCI and S&P are soon to make some changes to how tech companies are categorized on the S&P 500 for the first time since 1999.    On September 28, a new Communication Services sector will replace the current Telecoms sector, and will include some of the biggest stocks including Facebook and Netflix. It’s only the second... Read More →

This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. The US prepaid card ecosystem is huge, with 10.7 billion prepaid card transactions made in 2016 reaching $290 billion. And it’s shifting focus from low-income, un- and underbanked consumers toward millennials... Read More →

Oscar Suris, Wells Fargo’s head of corporate communications, left the bank in July and won’t be replaced. His duties will be subsumed into those of Jim Rowe, a former CFO at the credit-card lender Providian Financial who doesn’t have any corporate-communications experience. Meanwhile, Wells is battling to repair its reputation in the wake of scandals... Read More →

The security-robotics company Cobalt raised $13 million in a Series A round of financing this year, despite putting together a pitch deck the night before meeting with venture capitalists. Cobalt’s CEO, Travis Deyle, 35, said the company wowed investors because it was able to deliver on two goals. Deyle set out to have a product... Read More →

Technology makes our lives easier every day. How we respond to texts and emails, pay for our lunches, even withdraw cash — it’s all been affected by advances in lifestyle technology. Cardless ATMs are one of the latest fintech developments to enter our lives, making it possible to take out cash without your physical debit card.... Read More →

Constellation Brands is upping its stake in Canopy Growth by $4 billion to 38%. The investment overshadowed a bigger-than-expected first-quarter loss by the Canadian cannabis company. Shares of CGC surged more than 22% in trading Wednesday following the announcement. Follow Canopy’s stock price in real-time here.  Canopy Growth, the largest publicly traded marijuana company, fell short... Read More →

Tesla CEO Elon Musk wrote in a blog post Monday that he left a meeting on July 31 with “no question that a deal with the Saudi sovereign fund could be closed.” The blog post offers new details into Tesla’s plan to go private at $420 per share, which the billionaire announced last week, saying... Read More →

This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. Click here to learn more. A revolution in payments and banking is beginning as virtual assistants like Siri and Alexa gain the abilities of cashiers, personal shoppers, and bank tellers. Already, Siri can help users make peer-to-peer (P2P) transfers with... Read More →

This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Between housing costs, utilities, taxes, insurance, loans, and more, US adults paid an estimated $3.9 trillion in bills last year. That market is growing slowly, but it’s changing fast — more... Read More →

Amazon could follow Apple in hitting a $1 trillion valuation.  Shares hit an all-time high on Thursday and many on Wall Street say it’s poised to hit the milestone. Follow Amazon’s stock price in real-time here.  Shares of Amazon climbed 0.8% on Thursday, hitting an all-time high of $1,899.96, as the e-commerce giant inches towards... Read More →