Blog

The UK Chancellor announces Bounce Back Loans scheme to help SMBs

//
Categories
This story was delivered to Business Insider Intelligence Fintech Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they’re published on Business Insider, click here. Stay up-to-date with our latest coverage on the impacts of coronavirus on technology, marketing, and the digital economy here. The UK’s...
Read More →

Dow falls 340 points as post-coronavirus unemployment filings exceed 30 million

//
Categories
US stocks slipped Thursday after jobless claims data showed another 3.8 million Americans filed for unemployment last week. Shares of Tesla and Facebook surged after reporting earnings. Today, blue-chip companies including Amazon, Apple, Gilead Sciences, Visa, and United will report earnings after market close.  Oil prices gained on early signals of a global demand recovery....
Read More →

The manager of the best small-cap fund of the past 20 years explains why he’s betting big on a consumer recovery — and shares his top 4 stock picks in the struggling sector

//
Categories
Ken Korngiebel runs the Wasatch Micro Cap Fund, which Kiplinger ranks as the best-performing small-cap mutual fund of the last 20 years. He used the market’s slide in February and March to bet on retailers and other companies focused on consumers, reasoning that they’ll benefit the most when the economy recovers. Korngiebel says he looked...
Read More →

Warren Buffett is keeping quiet during the coronavirus crisis. We asked 8 casual investors to speculate on what he’s doing.

//
Categories
Warren Buffett has kept a strangely low profile as the coronavirus outbreak continues to shake markets. The billionaire boss of Berkshire Hathaway, armed with a $128 billion cash pile, could capitalize on the recent sell-off to bolster his portfolio or throw a lifeline to companies as he did during the financial crisis. We asked investing...
Read More →

Banks have been preparing to facilitate additional PPP funding

//
Categories
This story was delivered to Business Insider Intelligence Banking Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they’re published on Business Insider, click here. Stay up-to-date with our latest coverage on the impacts of coronavirus on technology, marketing, and the digital economy here. Major US...
Read More →

4 top VCs from firms like Bain and Andreessen Horowitz lay out winners and losers as the coronavirus transforms how we shop and pay

//
Categories
The coronavirus pandemic has shifted the way consumers shop and pay, both online and in-store. Payments companies make money through fees from each transaction processed at a merchant, so with retail sales down by record amounts, payments revenues will also take a hit. Business Insider asked investors at Activant Capital, Andreessen Horowitz, Bain Capital Ventures,...
Read More →

Digital-only banks like Chime are seeing record signups amid the coronavirus pandemic. Here’s how they drive revenue without lending or charging overdraft fees.

//
Categories
Digital-only banks, or ‘neobanks,’ like Chime are seeing record signups for their online banking products amid the coronavirus pandemic. In the traditional business model for banks, they take in deposits, then lend that money out and charge interest. They make money on the ‘spread,’ or, the difference between the deposit and loan rates, as well...
Read More →