General World News

A survey says 38% of drinkers won’t touch Corona because of epidemic fear. Corona says despite that ‘misinformation,’ sales are strong

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Marketing research firm YouGov estimates that Corona Extra beer’s image has taken a hit thanks to the coronavirus. For its part, the beer brand’s parent company disputes the idea that the epidemic is a major drain. “Sales of Corona remain strong and we appreciate the continued support of Corona drinkers,” a spokesperson for Constellation Brands […]

General World News

Experts suggest stocking up on your medicines to prepare for a coronavirus outbreak, but insurance restrictions could get in the way for now

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Experts are recommending people stock up on critical medications in order to prepare for a coronavirus outbreak in the US. But some consumers are worried that’s not possible since insurance companies put limits on how much of a medicine you can pick up at once. While insurance companies may ease restrictions during emergency situations, those […]

General World News

Tesla slips 25% in one week as coronavirus weighs on its China operations (TSLA)

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Tesla has shed 25% this week through Thursday’s close as the coronavirus outbreak weighs on the broader market. On Thursday, Tesla slipped 13% when China vehicle registration data showed coronavirus has hurt demand, Bloomberg reported, citing China Automotive Information Net. There could be further pain ahead of China’s struggling automotive industry and Tesla, which had […]

General World News

Don’t get scammed: An investment chief overseeing $1.2 billion shares 3 ways to avoid financial fraud and a ‘lottery ticket mentality’ that can cost millions

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Ben Carlson, director of institutional asset management at $1.2 billion Ritholtz Wealth Management, is tired of seeing investors get swindled by clever sales techniques. He notes how a confluence of slick storytelling and inherent human biases leave investors susceptible to fraud. Carlson’s new book “Don’t Fall For It” aims to teach investors timeless business and […]

General World News

We identified the 20 most powerful people in Bank of America’s equities division. Here’s our exclusive org chart.

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Business Insider is mapping out the power structure in the global banking and markets businesses overseen by Bank of America Merrill Lynch Chief Operating Officer Tom Montag — one of the most powerful executives on Wall Street. Of the three major investment-banking groups, equities is the smallest, accounting for $4.5 billion in revenue last year. […]

General World News

Republican officials are privately bracing for the possibility that a virus-hit US economy could hurt Trump in the election

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The White House has attempted in recent days to downplay the effects the novel coronavirus could have on US growth. But behind closed doors, Republican officials have started to worry a faltering economy could undermine President Donald Trump’s strongest case for re-election. “It’s a concern,” a Senate Republican aide who requested anonymity to discuss internal […]

General World News

LATIN AMERICA FINTECH LANDSCAPE: An inside look at 5 of the most innovative regions propelling the LATAM fintech market to surpass $150 billion

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This is a preview of The Latin America Fintech Landscape research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more fintech coverage with Fintech Pro. Subscribe today to receive industry-changing finance news and analysis to your inbox. Fintech has had a staggering influence globally, catapulting to new highs in major […]

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A Google Cloud exec explains why a new ‘Silicon Slopes’ facility, where PayPal is an early customer, could help it chip away at Microsoft and Amazon’s cloud dominance

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Google Cloud just opened a new facility in Salt Lake City, home of the “Silicon Slopes,” a nickname it earned after attracting the likes of Adobe and PayPal to open data centers and offices in the Salt Lake valley. By the end of 2020, PayPal aims to move 25% of its total transaction volume processing […]

General World News

Morgan Stanley, UBS, and Merrill Lynch execs explain how to nab a spot in their next-gen adviser programs and make it through the ultra-competitive, years-long training process

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Strategies around attracting, training up, and holding onto financial adviser talent are changing. A wave of US advisers are expected to retire in the coming years, and many firms are ill-equipped to fill their shoes with newbies, according to the industry research firm Cerulli Associates. Business Insider reviewed training outlines from some of the world’s […]

General World News

Coronavirus could drive the US economy into recession, ex-Fed chief Janet Yellen warns

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Ex-Federal Reserve Chair Janet Yellen warned coronavirus could cause the US economy to shrink, according to Bloomberg. “It’s just conceivable that it could throw the United States into a recession,” the former central-bank boss said. The Fed will shore up consumer spending, the US economy, and financial markets if needed, Yellen added. Coronavirus has infected […]