• BlackRock to talk to gun makers over response to school shootings
    The world's largest asset manager says it plans to speak with gunmakers following public outcry over school shootings.
  • Year after coronation, Breitbart has diminished presence at CPAC
    This year's iteration of CPAC provides a vivid picture of how much has changed for Steve Bannon and the site he used to lead.
  • Car washes are a nightmare for self-driving cars
    Read full story for latest details.
  • How Gargantuan Can Private Equity Get?
    The biggest private-equity firms are in a fund-raising frenzy, but it will be increasingly hard to find the returns that have made them such money magnets.
  • Airbnb adds fancier rental options and loyalty program
    Airbnb is adding more lodging types to its site, such as boutique hotels, bed and breakfasts and high-end rentals.
  • Standard & Poor's downgrades Gibson Guitars
    Standard & Poor's downgrades guitar maker Gibson Brands over concerns of a potential default in corporate debt this summer. But Gibson says default won't happen.
  • The Cat S61 Smartphone Will Let You See Through Walls, Test Air Quality
    For the average consumer, just about any iPhone or standard Samsung smartphone will do, but just like anything else in the world of gadgets, there is a subset of users in a very specialized niche that need even more bells […] The post The Cat S61 Smartphone Will Let You See Through Walls, Test Air Quality appeared first on ValueWalk.
  • Private Capital Secondaries Reach New Heights In 2017
    Record fundraising is matched by record transaction activity as industry gains prominence [REITs] Check out our H2 hedge fund letters here. The private capital secondary market had a banner year in 2017. The fundraising market saw records in the number […] The post Private Capital Secondaries Reach New Heights In 2017 appeared first on ValueWalk.
  • The Four Horsemen Of The Retirement Apocalypse
    Those who fail to plan, plan to fail. And while most people would never start a business without a business plan, many investors manage their money without an investment plan that identifies their ability, willingness and need to take risk, […] The post The Four Horsemen Of The Retirement Apocalypse appeared first on ValueWalk.
  • A Facebook exec breaks down the 2 biggest misconceptions about landing a job at the tech giant
    • Facebook jobs might seem unattainable, but you should still apply. • That's VP of HR Janelle Gale's advice for prospective candidates. • Facebook isn't looking for people with inside connections or educations from top schools, she said. • Gale said they're mostly looking for people who are going to be able to bring a lot of passion into their roles. Jobs at Facebook require a killer application. But that doesn't mean you should immediately disqualify yourself. The tech giant recently topped Glassdoor's 2018 Employees' Choice Awards, and a whopping 94% of Facebook employees who've left reviews on Glassdoor would recommend the company to a friend. That's why Facebook VP of HR Janelle Gale is set to address how the company keeps its employees happy and engaged at Glassdoor's Best Places to Work Tour. Gale said job candidates with an interest in Facebook shouldn't second guess themselves. Instead, you should just find a role that you know you'd truly enjoy, and apply. It's as simple as that. "Make sure that's the central part of your story, because we're looking for the thing you enjoy," she told Business Insider. "We may ask you, 'Tell us about a time when time flew for you when you were working on a project?' because that is a signal for us. That is work you are going to be good at because you enjoy it." She also cleared up two major misconceptions about landing a job at Facebook:SEE ALSO: Facebook was just named the best workplace of 2018 — step inside its New York office, where employees enjoy an in-house pastry chef and tons of celebrity cameos DON'T MISS: What it's REALLY like to work at Facebook SEE ALSO: The 50 best places to work in 2018, according to employees You don't need an Ivy League degree Gale said she's occasionally encountered people who assume Facebook narrowly recruits candidates from Ivy Leagues or other top schools. But she said that's not the case. "We really broaden the net of schools that we go after," she said. And people without bachelor's degrees are welcome, too. Facebook founder and CEO Mark Zuckerberg is a college dropout himself, Gale observed. "We're looking for talent, no matter what their background," Gale said. "If they have a passion for what they are doing, and an interest for building a community for billions of people, and they have the technical skills and the interest to do that, we want them, no matter what their background." You don't need a referral Gale said that some people feel "reticent" about applying because they "think the only way to get in the door is through a referral." "The fact is, we use multiple channels to hire people here," she said. Your options include campus job fairs, Facebook-hosted events, and the tech giant's career site. Referrals are just one channel available to job seekers. "We really focus on hiring for skills as opposed to experience," Gale said. "We're trying to find the people who are doing interesting things no matter where they are." See the rest of the story at Business Insider
  • Venezuelan refugee crisis hits Colombia
    Colombia is facing one hurdle after another. And it's increasingly burdened with an unprecedented refugee crisis.
  • Nasdaq wants to boot iced tea maker for taking advantage of bitcoin craze
    Long Blockchain, which used to be known as Long Island Iced Tea, is being called out by Nasdaq for allegedly trying to fool investors by capitalizing on the bitcoin craze.
  • Bill Ackman’s Q4 Trading Activity: Buys MONDELEZ INTERNATIONAL INC (MDLZ) And Nike Inc (NKE)
    This hedge fund outperformed the market in Q4 as revealed in its recent 13F filing with the SEC. I take a closer look at Pershing Square’s $5.9 billion portfolio and current stock holdings below. Check out our H2 hedge fund […] The post Bill Ackman’s Q4 Trading Activity: Buys MONDELEZ INTERNATIONAL INC (MDLZ) And Nike Inc (NKE) appeared first on ValueWalk.
  • Cryptojackers are hacking websites to mine cryptocurrencies
    Hackers have a new trick up their sleeves: hijacking computers to generate digital coins.
  • What you need to know on Wall Street today
    Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. Upon first glance, Matt Moberg's background fits that of your traditional finance professional. He got his MBA from a top-tier school, and became a certified public accountant (CPA) early in his career. After an internship at Franklin Templeton, he scored a full-time gig and eventually ascended the ranks over two decades to his current position as lead manager of the firm's $5 billion DynaTech fund. But it's Moberg's undergraduate background as a European history major he says gives him an edge when it comes to assembling the perfect portfolio. You can read why here.  Elsewhere in finance news, there has been a shakeup at the top of one of billionaire Ken Griffin's stock-picking units. And female investment bankers at Barclays get bonuses that are 79% lower than men on average. In markets news: Snap is sliding after Kylie Jenner tweets she doesn't use the app anymore JPMorgan's market-moving quant guru sees 2 big reasons why stocks will keep climbing Bank of America strategists shatter a widespread myth about interest rates and stocks after being bombarded with questions Walmart's recent struggles have been hugely profitable for one group of investors And in crypto news:  Top cryptocurrency traders are asking for a big shake-up to bitcoin futures Bitcoin fell below $10,000 on Thursday for the fourth time in 2018 Telegram is reportedly holding a 2nd pre-ICO sale but some crypto investors aren't touching it with a ten-foot pole Riot Blockchain's CEO is pushing back against critics and trying to convince the world his company is serious about crypto Coinbase is finally supporting new tech that could fix bitcoin's slowness problem A 21-year-old just raised $34 million to build an anonymous crypto-trading platform Join the conversation about this story » NOW WATCH: We asked Jamie Dimon why JPMorgan is forming a new healthcare company with Amazon and Berkshire Hathaway — here's what he said
  • BUFFETT: Here's the kind of person I'd like to head up Berkshire Hathaway when I'm gone (BRKA)
    Wealth, experience, and humility are among the traits that Berkshire Hathaway CEO Warren Buffett has said he would like his successor to have. Shareholders will be reading Warren Buffett's annual letter, due on Saturday, for anything he says about who might replace him.  In January, Buffett promoted two senior executives — Ajit Jain and Greg Abel — to Berkshire Hathaway's board, fueling speculation that it would be one of them. Whoever replaces Warren Buffett as Berkshire Hathaway's CEO will have gigantic shoes to fill.  That's why this Saturday, when Buffett releases his annual letter, shareholders will be reading for anything Buffett says on succession. Buffett fueled more speculation about his pick in January, when he announced the promotion of two senior executives — Ajit Jain and Greg Abel — to Berkshire's board of directors.  At the annual meeting last year, Buffett detailed to shareholders the traits he'd like to see in a successor, following a question on how the person should be compensated: "I actually would hope that we have somebody that's already very rich — which they should be if they've been working a long time — and really is not motivated by whether they have ten times as much money than they and their families can need or a hundred times as much. "And, they might even wish to perhaps set an example by engaging for something far lower than actually what you could say their true market value is. That could or could not happen, but I think it would be terrific if it did. I can't blame anybody for wanting their market value. "If they didn't elect to go in that direction, I would say that you would probably pay them a very modest amount and then have an option which increased in striking price annually." This segued into a scathing critique of compensation consultants, who are hired by corporate boards of directors to provide independent advice on shareholders' behalf. "I have avoided all my life compensation consultants. I hardly can find the words to express my contempt," said Charlie Munger, Berkshire's vice chairman.   Munger did find such words during the 2012 meeting when he said "prostitution would be a step up" for compensation consultants. "If the board hires a compensation consultant after I go, I will come back mad," Buffett said.  For Buffett, the problem is that compensation consultants use other companies as a guide. "What consultant is ever going to get another assignment if he says you should pay your CEO down in the fourth quartile," Buffett said. "It isn't that the people are evil or anything, it's just that the nature of the situation produces a result that is not consistent with how representatives of the owners should behave."SEE ALSO: BUFFETT: Driverless vehicles 'won't be a good thing' for business Join the conversation about this story » NOW WATCH: Microsoft President Brad Smith says the US shouldn't get 'too isolationist'
  • Android P: New Features To Expect From The Update
    While Android Oreo is still absent on the majority of devices, with only a fraction of models supporting Google’s newest operating system, it appears as if the tech giant behind Android is hard at work on Android P. Each new […] The post Android P: New Features To Expect From The Update appeared first on ValueWalk.
  • The Real Earnings Season Starts Now – 10K Filings
    Corporate earnings season may be winding down, but the real earnings season – annual 10-K filing season – starts today. Corporate earnings announcements provide investors with limited and often misleading data. Only by reading all of the financial footnotes, which […] The post The Real Earnings Season Starts Now – 10K Filings appeared first on ValueWalk.
  • Trump administration wants more people to work for food stamps
    The Trump administration is seeking comments on how to require more able-bodied, working age adults without dependents to work for food stamps.
  • The Most-Recent Selloff Was Just The Beginning
    On October 19, 1987, the Dow experienced its biggest one-day percentage loss in history – plunging 22.6%. It was “Black Monday.” The selloff was so fast and so severe, nothing else even comes close. [REITs] The second worst percentage loss […] The post The Most-Recent Selloff Was Just The Beginning appeared first on ValueWalk.
  • Inflation is the market's biggest fear — here's how to protect yourself
    After about 35 years of generally falling inflation, signs of an uptick has unnerved investors. Inflation expectations have been climbing, and have been showing up in recent wages and consumer price data. According to a recent research note from Fidelity Viewpoints, there are three key reasons to consider inflation risk:  Inflation erodes purchasing power Rising inflation has historically been a drag on stock and bond returns When inflation is higher and more volatile, correlation between stocks and bonds increases According to Fidelity Investments, investors may be able to mitigate inflation risks by adding diversification with asset classes that have historically held up better in rising inflation environments. Consider commodities, commodity-producing equities, gold, and short-duration bonds. Join the conversation about this story »
  • Take a look inside the most valuable mall in America, a massive $6 billion shopping center in Hawaii with more than 350 stores
    Despite the fact that many malls across America are suffering, some are doing quite well.  Hawaii's Ala Moana Shopping Center was recently named the most valuable mall in America, with nearly $6 billion in total assets.  The mall has more than 350 stores and restaurants.  The retail apocalypse has claimed many malls across America, but some of the best in the country have continued to thrive. Located in Honolulu, Hawaii, the Ala Moana Shopping Center was recently named the most valuable mall in America. With over 350 stores and restaurants ranging from budget-friendly chains to high-end boutiques and department stores, the Ala Moana Center is worth roughly $5.74 billion, with about $1,500 in sales per square foot, according to a recent study by the research firm Boenning & Scattergood, which was reported on by CNBC.  Keep scrolling for a tour of the shopping center:SEE ALSO: This clothing startup built a cult following and millions in sales online — here's what it's like to shop at its first real-life store The Ala Moana Shopping Center is the largest open-air mall in the world, with over 2.4 million square feet of retail space catering to tourists and Hawaiian locals of all ages and budgets. An expansion in 2013, celebrated with a massive opening ceremony, brought over 300,000 square feet of additional retail space and 800 additional parking stalls. In the most recent expansion, a Target store was added. Instagram Embed: 658px   The mall has over 350 stores, including more than 100 restaurants ranging from international chains to local food vendors. See the rest of the story at Business Insider
  • The biggest résumé mistake makes recruiters cringe and hiring managers dismiss you immediately
    As a former recruiter, I hated when job seekers submitted résumés that lacked a measurable list of achievements.  Business Insider reached out to several résumé experts who agree that failing to include specific metrics on a résumé is one of the biggest mistakes you can make.  Don't count on your job description to sell what you've accomplished. When sifting through résumés during my time as a staffing manager, it was a huge pet peeve to review bullet points that lacked a measurable list of achievements to substantiate the job seeker's claims. In my experience, when candidates failed to provide specific metrics and clear accomplishments on their résumé, they were often overlooked. Business Insider reached out to various experts on the matter, and many of them agreed that job seekers who fail to include measurements of success are making a huge mistake.  "Lack of measurements and results in the file is my biggest résumé pet peeve," executive résumé writer and career strategist Adrienne Tom told Business Insider. "Without any measurements of success, the file is lacking proof of skill." Overall, a laundry list of daily tasks does nothing to convince the recruiter that the job seeker will be able to provide value in the role at hand.  And while you may say that recruiters could just use job titles to gauge what a person did, this is not nearly as feasible as it might seem. "A job title alone is not enough to clarify personal value, complexity of skill set, or breadth of expertise," said Tom. "What matters most in a résumé will be the results that each individual has generated within their roles, regardless of title or rank." Also, it is important to remember that job titles do not have universal meaning. Tom explains this concept with the following example: "A CFO at a small startup may be directing all aspects of daily finance and accounting activities as the only financial expert in the company, whereas a CFO at a major global organization will likely be focused on overarching financial strategy with several direct reports who manage smaller tasks." While it's a good idea to quantify your success with numbers, your résumé needs to also include language that indicates that you are familiar with the industry. "Numbers are great, but be sure to include categories, and even clients — anything that will give the reader a sense that you are familiar with the world that the role takes place in," career expert and résumé writer Andrea Gerson told Business Insider. By including specific metrics and industry keywords on your résumé, you can show employers what you have done and what you can bring to a specific position. SEE ALSO: The one question you should never ask during a job interview DON'T MISS: 11 résumé mistakes that make hiring managers dismiss you immediately Join the conversation about this story » NOW WATCH: Why North Korea sent hundreds of cheerleaders to the Olympics
  • 4 Charts That Show Why Equities May Collapse
    Did the recent 10% drop in the stock market bother you? Let me take a wild guess: it’s because you have money in stocks. You might feel comforted that we’re all in this together. Don’t be… because we’re not. Roughly […] The post 4 Charts That Show Why Equities May Collapse appeared first on ValueWalk.
  • Yellen’s Grade as Fed Chair Should Be “Incomplete”
    On February 3rd, Janet Yellen concluded her four-year tenure as Chairwoman of the Federal Reserve. On the eve of her handing over the reins to newly confirmed Chairman Jerome Powell, Vice News Tonight ran a segment lauding Yellen as “one […] The post Yellen’s Grade as Fed Chair Should Be “Incomplete” appeared first on ValueWalk.
  • Ripple Price, Ethereum Price Plunge Amid Fresh Regulatory Risk
    The ripple price and ethereum price both tumbled on Thursday along with the value of most other cryptocurrencies. Regulatory jitters arose again after British lawmakers threatened to introduce laws for cryptocurrencies and sparked an investigation into their impacts. Meanwhile, chart […] The post Ripple Price, Ethereum Price Plunge Amid Fresh Regulatory Risk appeared first on ValueWalk.
  • Amid Regulation And Disruption, Banks Start ToStall
    When Boston Consulting Group looks at the market environment for large banks, several issues come to mind. Thoughts of a “persistently low interest rates, increased competition, digital disruption, and steadily rising operating costs” come after five years of growth. But […] The post Amid Regulation And Disruption, Banks Start ToStall appeared first on ValueWalk.
  • The fight for Sharpie and Yankee Candle
    A proxy fight is unfolding at Newell Brands.
  • Democrats get campaign cash from banks ahead of deregulation vote
    Senate bill would exempt regional lenders from post-crisis oversight rules
  • 47 documentaries on Netflix right now that will make you smarter
    One of the great things about Netflix is that it has brought thoughtful, compelling documentaries to a much wider audience — something filmmakers could only dream of a decade ago. And with binge-worthy titles like Netflix original "Jim & Andy: The Great Beyond" and Oscar-nominated "Last Men in Aleppo" a click away, you can get a lot of great nonfiction viewing any night of the week. You'll learn a lot more about the world, but don't worry — you'll also be entertained. Here are 47 documentaries we think you should stream right away on Netflix. Note: Numerous Netflix titles drop off the streaming service monthly, so the availability of titles below may change.SEE ALSO: All the 'Avengers' and Marvel fans who nailed their cosplay at Comic-Con 1. "13th" Director Ava DuVernay looks at the history of the US prison system and how it relates to the nation's history of racial inequality. 2. "Amanda Knox" The murder trial in Italy of the American exchange student Amanda Knox, who is now free, captivated the world in the early 2000s. This Netflix original looks back at the case and gets the perspective of Knox and others closely involved. 3. "The Battered Bastards of Baseball" In a fascinating look at one of the more colorful stories in baseball lore, directors Chapman and Maclain Way follow the Portland Mavericks, an independent baseball team owned by the movie star Bing Russell (Kurt Russell's father) who threw out all the conventions of the national pastime to build a regional sensation in the late 1970s. See the rest of the story at Business Insider
  • You can now buy and sell bitcoin and ethereum without paying any fees on Robinhood — but you'll have to get in line
    Commission-free brokerage site Robinhood is offering users a chance to trade bitcoin and ethereum with zero transaction fees. The feature is only available in select states, and there are already more than 1 million people on the waitlist. The move to trade in cryptocurrencies could place Robinhood as a key competitor to cryptocurrency trading platforms like Coinbase. Commission-free brokerage site Robinhood, recently valued at $1.3 billion, is now offering its users the chance to buy and sell cryptocurrencies like ethereum and bitcoin, with zero transaction fees. But if you want to make a commission-free cryptocurrency trade on Robinhood, you'll need to get in line: Since the feature was first announced in January, interest boomed. The service is currently tallying the waitlist to get access to the cryptocurrency trading feature at more than 1 million prospective customers. Now that the cryptocurrency features are rolling out, though, that waitlist should start to gradually move up.  The commission-free aspect is a trademark of Robinhood, which has offered the same policy for stock trades over the five years it's been in existence. Extending that policy places Robinhood in prime competition with other popular cryptocurrency trading platforms, including the $1.6 billion startup Coinbase.  For now, access to commission-free bitcoin and bthereum trades on Robinhood are relegated to users living in California, Massachusetts, Missouri, Montana, and New Hampshire, although the company has plans to expand its geographical reach in the future.  Robinhood is also introducing Robinhood Feed — a real-time chat for people interested in keeping up to date on cryptocurrencies, market fluctuations, and investing advice. Like the trading platform, Robinhood Feed has tons of interest: On its site, the company hints that Feed is only available to a limited number of users, and that early adopters will have the chance to give direct feedback on the product.SEE ALSO: Robinhood dives into cryptocurrency with free bitcoin and ethereum trading Join the conversation about this story » NOW WATCH: Economist Ken Rogoff: Cryptocurrencies will eventually be regulated and issued by the government
  • Five ways millennial caregivers can find help
    NEW YORK (Reuters) - Amanda Singer had her plate full running a dance studio in Massachusetts.
  • Chevy Bolt named Best Small EV by Consumer Reports
    Consumer Reports named Top Picks in 10 different vehicle categories, including compact, mid-sized and minivan.
  • 5 things you need to know about tax law, bonuses, raises
    Read full story for latest details.
  • Aswath Damodaran: The Price Is Right Bob!
    In my first nine posts on my data update for 2018, I focused on the costs that companies face in raising equity and debt, and their investment, financing and dividend decisions. In assessing those decisions, though, I looked at their […] The post Aswath Damodaran: The Price Is Right Bob! appeared first on ValueWalk.
  • An investing startup managing $10 billion is copying the largest hedge fund in the world
    Wealthfront, the California investing startup, is adding risk parity to its suite of investment solutions.  The portfolio strategy was first created by Bridgewater Associates, the hedge fund overseeing $119 billion in assets.  Wealthfront is offering a flagship strategy of the largest hedge fund in the world to its customers. The California roboadviser, which manages more than $10 billion in assets, is adding risk parity, a strategy used in one of the largest funds overseen by Bridgewater Associates, a hedge fund with $119 billion in assets founded by Ray Dalio.  Risk parity, a portfolio strategy that focuses on allocating risk, was first brought to market via Bridgewater's All Weather Fund, which launched in 1996.  The All Weather strategy made a 3.5% gain in the third quarter of 2017, according to Business Insider hedge fund correspondent Rachael Levy. Its returns have varied over the years, and as of the end of September the fund managed $53 billion, according to a person with knowledge of Bridgewater's assets.  Risk parity is the newest addition to Wealthfront's PassivePlus suite of investment solutions. Other features that make up PassivePlus include tax loss harvesting, direct indexing, and smart beta.  "Wealthfront's PassivePlus marries decades of academic insights with technology to deliver disciplined investment approach that helps our clients achieve their financial goals," Dr. Jakub Jurek, Wealthfront's VP of research, said.  "Our launch of Risk Parity demonstrates that even more sophisticated strategies can be deployed via software in a cost-effective manner." Wealthfront has been building out its offerings since it landed $75 million in a fundraising round led by Tiger Global, the New York investment fund. The company announced a feature earlier this year that helps users navigate the home buying process, for instance. SEE ALSO: Goldman Sachs snagged a senior Google engineer as it looks to carry out its CFO's bold vision Join the conversation about this story » NOW WATCH: VMware CEO reveals which tech will have the most impact on the world, and why Elon Musk is wrong on AI
  • Angry Birds maker plummets 54% since IPO
    Angry Birds maker Rovio has lost more than half its value since going public in October. Its shares plunged Thursday after it warned revenue and profits could fall this year.
  • Top Ten Most Corrupt Prime Ministers In The World [REPORT]
    Politicians, especially those holding a public office, are supposed to serve their country and their people. But many politicians use their political power for illegitimate private gains – at the expense of taxpayers, of course. According to a list of […] The post Top Ten Most Corrupt Prime Ministers In The World [REPORT] appeared first on ValueWalk.
  • Activists Demands Visa, Mastercard Refuse to Process Sales From Retailers Who Sell Assault Weapons
    So now anti gun activists want to target any businesses which sell assault weapons – not the Credit Card companies themselves – so all assault weapon gun sellers so not just Wal-Mart but small businesses – I favor tighter gun […] The post Activists Demands Visa, Mastercard Refuse to Process Sales From Retailers Who Sell Assault Weapons appeared first on ValueWalk.
  • Hedge fund billionaire: 70% chance of recession before 2020 election
    The roaring American economy is likely to sink into a recession prior to President Trump's bid to get reelected in 2020.
  • Margaret Brennan named host of CBS' 'Face the Nation'
    Brennan will give up the White House beat but will retain the foreign affairs beat.
  • Should I pay off my student loan debt early if I can?
    Here are 5 questions to ask yourself before deciding to pay off student debt early.
  • H&M responds to claim they used Chinese prison labor
    Three big companies are investigating allegations that prisoners in China made packaging bearing their brand names.
  • Fintech could be bigger than ATMs, PayPal, and Bitcoin combined
    This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here. Fintech broke onto the scene as a disruptive force following the 2008 crisis, but the industry's influence on the broader financial services system is changing.  The fintech industry no longer stands clearly apart from financial services proper, and is increasingly growing embedded in mainstream finance. We’re now seeing the initial stages of this transformation. For instance, funding is growing more internationally distributed, and startups are making necessary adjustments to prove sustainability and secure a seat at the table. Most fintech segments in the ascendant a year ago have continued to rise and grow more valuable to the broader financial system. Meanwhile, several fintech categories have had to make adjustments to stay on top. New subsegments are also appearing on the scene — such as digital identity verification fintechs — as new opportunities for innovation are discovered.  Significantly, incumbents are responding more proactively to the rising influence of fintech by making updates to their consumer-facing channels, back-end systems, and overall business operations. Most are realizing that the best way to adapt is to work alongside the fintechs that are transforming the financial services environment, either by partnering with them or acquiring the startups entirely. As fintech's power grows, incumbents will have no choice but to change in order to stay relevant and competitive. All around, fintech is becoming embedded in mainstream finance. Maria Terekhova, research analyst for BI Intelligence, Business Insider's premium research service, has written the definitive Fintech Ecosystem report that looks at the shifts in the broader environment that fintechs operate in, including funding patterns and regulatory trends; examines the adaptations that some of fintech's biggest subsegments have had to make to secure a foothold in the financial services system; and discusses how the continued rise of the fintech industry is pressuring incumbents to make fundamental changes to their business models and roles. It ends by assessing what a global economy increasingly influenced by innovative fintechs will look like. Here are some key takeaways from the report: The fintech industry is far more than a group of digitally native, consumer-centric startups, although they are, in many ways, becoming the new face of financial services. It's increasingly clear that fintech no longer stands apart from financial services proper, and is morphing into an integral part of the financial system.  To secure their position in the mainstream economy, some of the main fintech subsegments have had to adjust their business models. These include neobanks, robo-advisors, and alt lenders. Other fintech categories, meanwhile, have instead found that current conditions are well suited to their original models, and are seeing largely smooth sailing, like regtechs, insurtechs, and payments fintechs. Innovation and dynamism is still alive in fintech too, with new categories still emerging. The rising influence of fintechs is having a dramatic effect on incumbents, from banks to insurers to wealth managers, pushing them to respond proactively to stay relevant. Incumbents are reacting to changes wrought by fintechs on three key fronts: the front end, the back end, and in their core business operations. As such, incumbents and fintechs are converging on a digital middle ground. As this happens, the fintech industry is on the cusp of becoming an integral component of the broader financial services ecosystem. But it will likely first have to go through a complete credit cycle, and survive an economic downturn like the one that set the stage for its arrival in 2008, for this to happen. In full, the report: Looks at how the environment in which the fintech industry operates is changing, and what that means for the digitization of financial services. Gives an overview of the main subsegments within the global fintech industry, and discusses which categories have had to adapt to survive, which have reaped benefits from their original game plans, and which new segments have come to the fore in the past twelve months. Outlines the adaptations that incumbent financial institutions have begun making to adjust to an economy that's inevitably shifting to digital, and in which tech-savvy fintechs are increasingly setting the standards. Discusses what the future of financial services will look like as fintech embeds itself into the financial mainstream. Interested in getting the full report? Here are two ways to access it: Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> Learn More Now Purchase & download the full report from our research store. >> Purchase & Download Now Join the conversation about this story »
  • Signal Launches Signal Foundation With $50M From WhatsApp Cofounder
    WhatsApp co-founder Brian Acton has invested $50 million in an encrypted messaging app – Signal – and will work with the newly formed Signal Foundation. In a blog post, Signal chief, Moxie Marlinspike, announced the launch of Signal Foundation, a […] The post Signal Launches Signal Foundation With $50M From WhatsApp Cofounder appeared first on ValueWalk.
  • Institutional Investors Focus On ESG, Alternatives As Volatility Returns
    Preparing for a Market Shift as Volatility Returns: Institutional Investors Focus on Alternative Investments, ESG and Risk Management, Natixis Survey Finds 78% of institutions anticipated the increased volatility now shaking the markets Institutions apply alternative investments to a wide range […] The post Institutional Investors Focus On ESG, Alternatives As Volatility Returns appeared first on ValueWalk.
  • Trump has '45' embroidered on his shirt cuffs — but style experts say it's a big mistake
    A photo taken of President Donald Trump's notes during a conversation about guns prominently displayed his shirt cuffs. Many noticed the "45" emblazoned on them, which is an obvious nod to his position in the lineup of US presidents. Monograms are a huge debate in menswear, and many say they're not a stylish choice.  It's really easy to guess Trump's favorite number. It's 45. Look, it's right there on his shirt cuff, embroidered in blue for all to see. The monogram was most recently on display during a White House "listening session" that focused on gun control. While a monogram typically uses an owner's initials, Trump's uses a logo that refers only to him and his place in the US presidential order. This is unusual, but it isn't the first time Trump has taken the number "45" as his own — it's also appeared on hats he's worn. Still, monograms are extremely controversial in men's style circles. They're basically a minefield in rules and taste. Monograms have their roots in preppy style. Traditionally, they were an easy way to differentiate whose shirt was whose when they were all jumbled together in the laundry, presumably at an East Coast university. We doubt that it serves the same functional style for the president. Some on Twitter called the president "narcissistic" for employing the monogram, while others derided his sartorial choices and compared them unfavorably to those of other world leaders. Style experts have debated the merits of any kind of monograms on clothing for decades, and it's a heated topic. "The people most likely to be impressed by ... embroidery are by definition allergic to the ideas that elegance is restraint and discretion the better part of not looking goofy," men's style expert Troy Patterson wrote in 2013 for Slate. Most take less of a hardline against monograms and have nothing against them, provided they are discreet and limited. The air of personalization they give to a man's wardrobe is alluring, after all. Even JFK was photographed with a monogram on his left breast in a picture published in 1960. The choice of placement, however, is another place where guys can go wrong. While the cuff is one of several areas on dress shirts where men often place their monograms, Trump's location choice is where he really went wrong. Justin L. Jeffers, who runs the blog The Fine Young Gentleman, did not mince words.  "The place to not put your monogram is on the edge of the shirt cuff. I played around with this placement on a few shirts and could not get over the ever-presence of it, even when in a matching color to the shirt," he wrote in 2013. "Never again." While a monogram can be subtle, one on the shirt cuff is the opposite of that. It peeks out, and with contrasting stitches, it draws the eye immediately, distracting from the rest of what you have to say. They face outward and are impossible to hide. Still, there's plenty of support for fans of monogrammed cuffs. Pinterest is full of inspiration for those who are daring enough, and most shirt companies will offer it as an option.SEE ALSO: Trump's 'absurd efforts to conceal his hair loss' were revealed for a brief moment — and it helps solve the mystery of his hair Join the conversation about this story » NOW WATCH: Diet Coke has released four new flavors — here's what our resident Diet Coke fans have to say
  • San Francisco's homeless are getting six-figure jobs in a gritty neighborhood that's been overrun by tech companies
    Nowhere in San Francisco is wealth disparity more prevalent than the Tenderloin. In one of the grittiest downtown neighborhoods, homeless people sleep outside the offices of Uber, Microsoft, Twitter, Square, and other high-powered tech companies. Needles, garbage, and feces are found in concentrations comparable to some of the world's poorest slums. Drug dealers conduct business on the same blocks where tech workers buy venture-backed coffee. It's clear that not everyone has benefitted from the economic gains of the tech boom. In 2015, a formerly homeless man launched Code Tenderloin, a non-profit that provides job readiness training and basic coding skills to the city's homeless, formerly incarcerated, and disenfranchised populations — with the goal of putting them to work in the tech industry. About half of the 300 people that Code Tenderloin has accepted into the program reported finding employment after graduation. An elite few have landed six-figure salaries as software engineers and customer service technicians at companies including Microsoft and LinkedIn. I recently shadowed a cohort of Code Tenderloin participants. Here's what I learned.SEE ALSO: A formerly homeless man gave us a tour of the gritty San Francisco neighborhood that's been overrun by tech companies Every morning, tech workers carrying laptop bags, slugging meal-replacement shakes, and riding electric scooters glide down the streets of San Francisco's Tenderoin neighborhood. For some, the way to work passes through an enclave for the city's chronically homeless. The tech industry has added some 10,000 jobs to the Tenderloin and the surrounding area over the last decade. But those jobs typically don't go to people who live on the streets. See the rest of the story at Business Insider
  • An explosion on a ferry in Mexico reportedly injured as many as 25 people
    An explosion on a Barcos Caribe ferry in Playa del Carmen, Mexico, reportedly injured as many as 25 people. None of the injuries have reportedly been fatal or life-threatening. While the cause of the explosion has not been determined yet, early suggestions indicate a mechanical failure may be at fault. An explosion on a ferry in Playa del Carmen, Mexico, injured as many as 25 people, according to the Associated Press. None of the injuries have reportedly been fatal or life-threatening. Passengers were exiting the Barcos Caribe ship when the explosion sent fire and debris toward passengers and people on an adjacent dock. While the cause of the explosion has not been determined yet, early suggestions indicate a mechanical failure may be at fault, AP reports.  Video exclusivo del momento de la explosión del ferry de Barcos Caribe, empresa de la familia del ex gobernador Roberto Borge, en Playa del Carmen; hay 15 heridos — Denise Maerker (@DeniseMaerker) February 21, 2018 Reports on the number of injuries caused by the explosion has varied. The local municipal government and port authority reportedly said 18 people were injured, while Local Civil Defense director Juan Medina Sosa reportedly said 25 people were injured.        SEE ALSO: Over 500 people have gotten sick on Royal Caribbean cruises since December Join the conversation about this story » NOW WATCH: Jim Chanos on the return of choppy markets, Tesla, and the 'rent-seeking behavior' that's hurting our economy
  • Disney World union accuses Disney of taking hostage $1,000 bonuses from the Trump tax cut
    A union representing employees of Walt Disney World is accusing Disney of withholding $1,000 bonuses the company is offering as a result of the GOP tax law. Union members voted against a $0.50 per-hour pay increase in December and now say Disney is keeping the bonuses as leverage in an attempt to get employees to support the deal. Disney informed the union that the bonuses will expire if no deal is reached by August 31. The union that represents employees at Disney World is accusing the company of essentially taking hostage promised $1,000 bonuses from the recently passed GOP tax law as part of contract negotiations. The Service Trades Council Union — a coalition of various smaller unions that represents workers at Disney World — officially filed a complaint with the National Labor Relations Board over the withheld bonuses on Monday. Members of the union overwhelmingly voted down an offer from Disney that included a $0.50 per-hour pay increase and a $200 signing bonus in December. When the company announced the tax cut bonus in January, it told the union that the pay would not be distributed until a deal was signed. It said that if no deal was signed by August 31, the offer would expire. The union leaders say Disney is unfairly discriminating against the employees, or "cast members," because they are engaged in contract negotiations and using the bonuses as leverage to accept a substandard pay increase. "At a time when Disney expects a yearly windfall of $1.6 billion, Disney is discriminating against 38,000 of some of its lowest paid Cast Members,” said Angie McKinnon, a leader of one of the unions lodging the complaint. "Using the $1,000 bonus to force Cast Members to accept low wages amounts to extortion." Disney maintains that including the bonuses as a part of the negotiations over a new contract is a fair practice. "Our offer to increase pay by 6-10 percent over the next two years reflects our ongoing commitment to our Cast Members. Wages and bonuses are part of our negotiation process," a Disney spokesperson told The Washington Post. "We will continue to meet with the Union to move toward a ratified agreement." According to the union, the average pay for cast members is $10.71 an hour.SEE ALSO: Americans are starting to love the GOP tax law — and they haven't even noticed its benefits Join the conversation about this story » NOW WATCH: How to make America great — according to one of the three cofounders of Black Lives Matter