In today’s Minutes: Richard Branson steps down as chairman of Virgin Hyperloop, Netflix will increase debt load via a $2B bond offering, and Goldman Sachs will get into the wealth management business for mere peasants. Plus, don’t worry, you’re not the only one who isn’t passionate about your job.
In today’s Minutes: JPMorgan plans to open a fintech hub in Silicon Valley, Cleveland-Cliff’s CEO goes off the rails on earnings call, and Moody’s cuts Italy credit rating to one step above junk. Plus, we’ve got some good news if you’re a terrible investor.
In today’s Minutes: oil is in in a free fall just weeks after experts believed it could hit $100, US Treasury Secretary Steven Mnuchin was the latest headliner to pull out of the Future Investment Initiative Summit aka Davos in the Desert, and Novartis buys Endocyte for $2B. Plus, steer clear of financial advisers this week.
In today’s Minutes: Deutsche Bank traders found guilty in Libor rigging case, Constellation Brands’ CEO to step down, and the US plans to withdraw from postal treaty. Plus, a crash course in legal weed.
In today’s Minutes: bankers are pitching Uber on a $120B IPO valuation, Audi is hit with a $930M fine associated with diesel-gate, and Netflix beats earnings by a mile. Plus, all the cool kids are buying Sears right now.
In today’s Minutes: the US budget deficit hits $779B, Fidelity will begin managing crypto for institutional clients, and Twilio will buy SendGrid for $2B. Plus, where you should be investing $10k right now..
In today’s Minutes: Gary Cohn will take a role as an adviser to a blockchain startup, Saudi Arabia’s stock market slumps as questions remain about missing journalist, and Sears will enter Chapter 11 bankruptcy. Plus, why you’re not hearing back about jobs.
In today’s Minutes: the Treasury found no evidence that Beijing was manipulating its currency, Apple is paying $600M for a portion of Dialog Semiconductor, and Walmart is planning a foray into original entertainment. Plus, what not to do when you quit a job.
In today’s Minutes: equity markets got absolutely crushed on Wednesday, Smile Direct Club raises $380M, and OGN, a South Korean epsorts cable network is shooting its shot in the US. Plus, our resident work mom is back to answer your pressing drug test questions.
In today’s Minutes: Coal mining company Westmoreland filed for Chapter 11 bankruptcy, Google is dropping the 3rd version of its phone Pixel, and Snap stock has dropped to its lowest value ever as it tries to become profitable. Plus, mortage rates are going up, what’s that mean for home prices?
In today’s Minutes: Google+ shutters after report of security breach that affected 500k users, LinkedIn buys employee engagement service Glint for undisclosed amount, and Microsoft invests $200M in Grab. Plus, it’s time to disconnect from the “always on” world.
In today’s Minutes: unemployment rates drop to 3.7%, Saudi Arabia plans to invest $45B in SoftBank’s second Vision Fund, and La Croix is being sued for including synthetic ingredients in its natural sparkling water. Plus, being the Excel ninja of your office is a blessing and curse.
In today’s Minutes: 10 Yr Treasury bond yields have reached multi-year highs as increased Fed rate hikes and an overall strong economy give investors more confidence, Jack Dorsey’s payment service, Square, will start allowing users to pay for items over time, with some interest, and Amazon and Apple were targets of Chinese espionage through a tiny microchips allegedly placed in their data centers. Plus, some advice on how to get ahead without burning out, from people who have been there.
In today’s Minutes: Honda will partner with GM to develop autonomous vehicles as part of a $2.5B deal, Hortonworks and Cloudera will come together in a $5.2B merger, and Highfields Capital is the latest hedge fund to shut its doors. Plus, men slack off when their bonuses are replaced with salary. Shocker.
In today’s Minutes: FDA raids JUUL HQ seizing thousands of marketing documents, Toys R Us cancels bankruptcy auction and plans comeback, and Tencent Music is planning a $30B US IPO. Plus we’re taking and answering your career questions.
In today’s Minutes: GE parts ways with CEO Flannery in a surprise move, Nafta has been redrafted and renamed, and Facebook names Adam Mosseri to lead Instagram. Plus Slacking off has never been so productive.
In today’s Minutes: Elon Musk and the SEC settle suit, 50M Facebook accounts were hacked, and US and Canada are closing in on a NAFTA deal. Plus Marc Benioff, CEO of Salesforce, puts on a clinic in how not to reply to an email.
In today’s Minutes: the SEC sues Tesla and Elon Musk over his “funding secured” tweet, Petrobras will pay the US and Brazil a collective $853M to settle bribery charges, and Boeing wins $9B Air Force contract over Lockheed. Plus Jeff Bezos wants you to circumvent your boss.
In today’s Minutes: Michael Kors has announced a plan to buy Versace for $2.1B and rename the company “Capri Holdings,” Qualcomm is suing Apple - claiming the latter stole Qualcomm’s chip design and gave it to Intel to make cheaper hardware, Arby’s owner continues its expansion by purchasing fast food company Sonic, and it may turn out that looking like you work 80 hours a week is more productive than actually working 80 hours a week.
In today’s Minutes: Sirius XM is buying music streaming service for $3.5B, SnapChat and Amazon agree on a partnership allowing users to buy items they see in Snaps through Amazon, The US’ has a new largest Oil Refiner, and if you thought getting replaced by a robot was bad, imagine a robot hiring that robot.
In today’s Minutes: Comcast wins auction for Sky in weekend bidding war with Fox, China calls off trade negotiations with US as tariffs are set to kick in, and we can all learn a thing or two about leadership from George Washington.
In today’s Minutes: Wells Fargo will cut 26k jobs over the next 3 years, Fox and Comcast will settle their bidding war for Sky with an auction, and Alexa is about to infiltrate your life. Plus, here’s how not to quit.
In today’s Minutes: Denmark’s largest bank faces allegations of fraud on a massive scale, Tilray rises as much as 94%, and Amazon plans to open up to 3k cashierless stores. Plus, the pressing economic question of our time is finally answered.
In today’s Minutes: the Department of Justice launches an investigation into Elon Musk and Tesla, major credit card companies settle on $6.2B payment to merchants suing over fees, and Postmates raises whopping $300M. Plus, ain’t nobody got time for non-competes.
In today’s Minutes: the Trump administration plans to implement tariffs on $200B worth of goods, Amazon is sniffing out internal snitches who are tipping of sellers on how to make more sales, and the Saudi government just invested $1B in a Tesla competitor. Plus, it’s time to stop office-pantry fat-shaming.
In today’s Minutes: SpaceX will send a civilian to space in its BFR, Staples will buy Essendant, the massive supplier of office supplies for $482M, and Marc Benioff, the founder of Salesforce will purchase Time magazine for $190M. Plus, are cord-cutter TV packages worth it?
In today’s Minutes: Goldman Sachs’ incoming CEO announces new leadership team, iHeartMedia will buy HowStuffWorks for $55M, and Walmart acquires Cornershop for $225M. Plus, it’s time to make weekday lunch great again.
In today’s Minutes: Jimmy Buffett is getting into the cannabis industry … obviously, Hurricane Florence is about to wreak economic havoc on the US, and Hudson’s Bay merges European assets. Plus, finally, the stablecoin we’ve all been waiting to invest in.
In today’s Minutes: Stellar will acquire Chain for an estimated $200M and Justin Kan secures $65M from a16z for his latest startup. Plus, you might want to sit down for this … the third leading cause of death in the workplace is homicide.
In today’s Minutes: Jack Ma will step down as chairman of Alibaba next year, Elon Musk is under fire for smoking weed on the Joe Rogan podcast, and President Trump threatens additional tariffs on China. Plus, why you should let Kanye help you get your money right.
In today’s Minutes: The US Department of Justice tracked down a North Korean hacker responsible for the Sony data breach in 2014, CBS has offered $100M to former-CEO Les Moonves who is currently under allegations of sexual harassment, and MasterClass who brings celebrity-taught classes to the public has raised $80M to expand internationally. Plus, does facial hair have a place in a professional setting?
In today’s Minutes: Goldman Sachs announces plans to table crypto trading desk, Twitter shares fell as much as 6% during Jack Dorsey’s hearing, and Fox will invest $100M in e-sports streaming startup, Caffeine. Plus, does facial hair have a place in a professional setting?
In today’s Minutes: Amazon becomes second company to hit $1T market capitalization, Nike shares fall 3% as #NikeBoycott takes hold, and ING will pay an $899M fine. Plus, why don’t markets give a f*ck about all of this bad news?
In today’s Minutes: Coca-Cola will close its largest acquisition to date, Ford is cancelling plans to import the Chinese-manufactured Focus, and Dunkin plans to invest $100M in its stores. Plus, should we feel bad for paying next to nothing for convenience?
In today’s Minutes: Amazon and Bernie Sanders are publicly sparring over employee wages, SurveyMonkey publicly files for an IPO, and Dick’s sales fall on self-imposed gun restrictions. Plus, don’t take financial advice from Mychal Kendricks.
In today’s Minutes: Yahoo still scans its more than 200M email accounts to facilitate marketer targeting, Aston Martin will go public with a valuation of more than $6B, and Yum China rejected a $17B buyout. Plus, Robinhood announces a slew of new security offerings.
In today’s Minutes: the US and Mexico have reached an agreement on parts of NAFTA, Toyota will invest $500M in Uber at a $72B valuation, and the Department of Agriculture will make $4.7B in aid available to farmers. Plus, never, ever say these things in an interview.
In today’s Minutes: Wendy’s will sells its stake in Arby’s parent company for $450M, Teva wins approval to produce generic EpiPen, and Doordash lands $250M funding round. Plus, US employees are really, really bad at using PTO.
In today’s Minutes: Corona beer maker Constellation is investing $4B in Canopy Growth a weed company, Qatar pledges to lend Turkey $15B to help its Lira crisis, and the SEC issued a Subpoena to Tesla to investigate Elon Musk’s tweets of having “funding secured”.
In today’s Minutes: early Tinder employees are suing IAC and Match for $2B, Coca-Cola is buying a stake in Kobe Bryant’s Gatorade competitor, and Alphabet plans to invest $375M in Oscar Health. Plus, never take career advice from Omarosa.
In today’s Minutes: Andreessen Horowitz will open a celeb-led fund geared towards people of color, VF Corp. plans to sell Wrangler and Lee denim brands, and Netflix CFO David Wells plans to step down. Plus, next time you’re busy, just remember, it could be worse, you could be Jack Dorsey.
In today’s Minutes: after the US imposed tariffs on Turkey, the lira tumbled vs. the dollar, Monsanto will have to pay $289M in cancer suit, and Citgo shares at stake in a suit targeting Venezuela. Plus, never forget, your company could have another you in a minute.
In today’s Minutes: Deutsche Bank continues its cost cutting efforts, Samsung announces Galaxy Note 9 and an Echo competitor, and Adidas crushes earnings after winning World Cup. Plus how much millennials need to make to be “happy.”
In today’s Minutes: Slack secures $400M in funding at a $7B valuation, the SEC will probe Elon Musk regarding the truthfulness of his infamous tweet, and Congressman Chris Collins was arrested and charged with insider trading. Plus it’s easier than ever for anyone to invest in early stage startups.
In today’s Minutes: Elon Musk tweets that he is planning to take Tesla private, Stan Kroenke, the owner of the LA Rams buys the remaining portion of the Arsenal soccer team that he didn’t already own, and Meg Whitman led NewTV raises $1B. Plus how to set work-life balance boundaries.
In today’s Minutes: the New York City Council is ready to approve a cap on new licenses for ride-hailing services, Zillow is buying Mortgage Lenders of America, and Indra Nooyi is stepping down as CEO of Pepsi. Plus how cleaning out your inbox can change how you work.
In today’s Minutes: Starbucks teams up with Microsoft and ICE to allow consumers to pay with bitcoin, Heineken partners with China Resources Beer, and Beijing plans to impose tariffs on $60B worth of US goods. Plus Paul Krugman explains economics while riding a rollercoaster.
In today’s Minutes: Facebook deleted over a dozen fake Instagram and FB accounts used for political misinformation, after having to take out emergency loans earlier this week to stay in business MoviePass announces a raise in prices, and after a nice earnings beat, Chipotle had to shut down another store in Ohio after two customers got sick.
In today’s Minutes: Nokia and T-Mobile agreed to a deal to make the world’s largest 5G network deal, US foods bought one, two, three, four, five food businesses from Services Group of America for $1.8B, and American Express made deals with foreign business customers assuring one rate, but upped it without notification.
In today’s Minutes: WeWork China raises $500M to expand to additional cities, MoviePass secures an emergency loan after briefly running out of cash, and BP buys BHP’s US onshore assets for $10B. Plus, never, ever use LinkedIn’s new voice messenger.
In today’s Minutes: Walmart ends its two-decade store-card partnership with Synchrony, Slack will buy Atlassian’s Hipchat, and Amazon hits record profit despite lower than expected revenue. Plus, how does Facebook’s bloodbath affect your personal finances?
In today’s Minutes: Facebook misses revenue projections and shares plummet, 23andMe and GSK will enter $300M partnership, and Waymo will partner with Walmart and others to help shuttle shoppers. Plus, why cash shouldn’t rule everything around you.
In today’s Minutes: Ford consolidates its autonomous vehicle groups and makes a massive investment in the technology, eBay and Square are teaming up to provide small business loans, and Lululemon names Calvin McDonald as CEO
In today’s Minutes: Tesla is asking for refunds from some of its suppliers, Pinterest is quickly closing in on $1B in ad revenue and plans to IPO in 2019, Nikes plans to bump pay for 10% of workforce in effort to end pay inequality. Plus, what EBITDA really means.
In today’s Minutes: State Street will buy Charles River Systems for $2.6B, Eventbrite has filed a confidential IPO, indicating its intention to go public, and Fiat Chrysler CEO steps down amid ailing health. Plus, how to implement work jargon into your personal relationships.
In today’s Minutes: Comcast will drop out of the bidding war for Fox, instead focusing on SkyTV, Wells Fargo will reimburse clients for products they didn’t want or need, and Tilray is the first ever cannabis producer to IPO. Plus, if unemployment is so low, why aren’t wages increasing?
In today’s Minutes: the EU hands down a $5.1B fine to Google for its business practices in the mobile phone market, Facebook will begin policing fake news that promotes violence, and Prime Day boosts non-Amazon retailers too. Plus, we take you “Behind Closed Mahogany Doors.”
In today’s Minutes: Netflix collected more Emmy nominations than HBO, the US lifts its ban on ZTE after the company paid its fine in full, and US banks begin a barrage of Q2 reporting. Plus, it's time to start looking more closely at your phone bill.
In today’s Minutes: John Schnatter steps down as chairman of Papa John’s after dropping a racial slur, the US Department of Justice is appealing a court decision allowing the AT&T-Time Warner deal to proceed, and Johnson & Johnson settles ovarian cancer suit. Plus, tread carefully on Venmo.
In today’s Minutes: Broadcom will acquire CA Technologies for just under $19B, ESPN and ABC will air Overwatch in primetime, and Dunkin Donuts is getting a new CEO. Plus, Papa John teaches us how to not act on a conference call.
In today’s Minutes: Tesla announces plans for a massive new factory in Shanghai, MediaMath raises $225M and attains unicorn status, and Postmates will expand to 100 new cities. Plus, we tackle how not to quit your job and lifestyle creep.
In today’s Minutes: Uber will partner with Lime in a $335M deal, Starbucks plans to phase out all single use straws by 2020, and 21M Timehop users were hacked. Plus, there are only 3 times when an emoji is acceptable in work email and why are today’s billionaires so damn boring?
In today’s Minutes: Sonos has files for an IPO, Gemini, the Winklevoss twins’ crypto exchange hires the NYSE CIO, and Russia plans to impose retaliatory tariffs on US. Plus, robots are coming for your white collar job and the products Americans associate with high income.
In today’s Minutes: Juul raises $1.2B to make vaping cool again, Elon Musk and Tesla hit their goal of producing 5k Model 3’s in one week, and Canada strikes back against US with $13B in tariffs. Plus, the case for bringing back the AIM away message.
In today’s Minutes: Amazon will acquire online pharmacy company PillPack as it finally breaks into the Healthcare sector, Deutsche Bank failed a Stress Test performed by the Federal Reserve, and Investing Savant Ray Dalio announced he will be stepping back and reducing his role in managing Bridgewater Associates. Plus, we have an expert reading list for vacation!
In today’s Minutes: Conagra Brands will acquire Pinnacle Foods for $8.1B, Lyft’s valuation reaches $15B after raising $600M, and Peloton acquires music startup Neurotic Media. Plus, we try to kick our iPhone habit.
In today’s Minutes: WWE inks a new TV deal with USA Networks and Fox Sports, Sequoia Capital has raised $6B of the $8B it is looking to secure for its latest fund and the city of London will grant Uber a 15-month license. Plus, we say goodbye to GE.
In today’s Minutes: Harley Davidson plans to combat tariffs by moving production abroad, AT&T plans to acquire AppNexus for $1.6B and Andreessen Horowitz will launch a crypto fund. Plus, inside Amazon’s plan to allow poor performers to literally beg for their jobs.
In today’s Minutes: OPEC will increase oil output by about 1M barrels per day to bring prices down and Donald Trump is proposing additional tariffs on European car imports. Plus, we’ve got a look at the week ahead in business, economic, and markets news.
In today’s Minutes: The supreme court ruled in favor of states to collect sales tax on internet sales within their jurisdictions, AT&T announced a limited TV service, and Food delivery company Swiggy received a $465M funding round, putting it over a $1B valuation. You asked for it, and we keep bringing you more personal finance tips!
In today’s Minutes: JP Morgan, Amazon, and Berkshire Hathaway appointed a CEO to run its healthcare venture, Instagram rolled out Long-form video to its 1 billion followers, and Fox finally chose Disney as its suitor to the acquisition ball. Plus, we’re dipping our toes in bringing you the latest in personal finance.
In today’s Minutes: Bain Capital acquires Varsity Brands in a deal worth $2.5B, mobile providers are pulling the plug on data brokers, and Walgreens will be replacing GE in the Dow Jones Industrial Average. Plus, we’re dipping our toes in bringing you the latest in personal finance.
In today’s Minutes: SurveyMonkey has confidentially filed for an IPO, Google plans to invest $550M in JD.com to combat Amazon, and Square got the greenlight to allow crypto trading in-app. Plus, Elon Musk’s latest email to Tesla employees might be cause for concern.
In today’s Minutes: AT&T will rename Time Warner as WarnerMedia, Apple and Oprah plan to collaborate on Apple’s new streaming service, and Elizabeth Holmes is indicted on wire fraud charges. Plus, Moelis is not happy with bankers latest Excel hack.
In today’s Minutes: Etsy’s stock soars on news that it will increase fees, the SEC announces that it will not categorize Ether as a security, and the World Cup is costing Russia about $11B. Plus, bankers spend a lot of time trying to predict who will win the World Cup.
In today’s Minutes: AT&T-Time Warner deal gets greenlight, Nintendo announces Super Smash Bros. and Fortnite at E3, and Tesla plans to cut jobs amid Model 3 delivery delays. Plus, Google is planning to change the college search game.
Today’s daily brief includes bitcoin’s latest plummet, the confectioner, Mars, will buy a vet operator for over $2B, and Domino’s Pizza ventures into construction. Plus, how to deal with stress and anxiety at work.
Today’s daily brief includes Hans Vestberg taking over as Verizon CEO, the G7 wrapped up but not without major drama, and US authorities will allow a Chinese conglomerate to take over Genworth Financial. Plus, tech bros finally get what's coming to them for using first-name-only email addresses.
Today’s daily brief includes McDonald's plans to cut layers of management as part of a $500M cost cutting initiative, Amazon won the right to stream 20 EPL games, and ZTE will settle with the US government for $1B. Plus the team shares their favorite TED talks. Remember, work might suck, but you don’t have to.
Today’s daily brief includes the latest on Ritual’s $70M funding round, L Catterton’s investment in Jessica Alba’s Honest Co., and the resignation of Athenahealth’s CEO amid sexual harassment allegations. Plus we contemplate if an MBA is worth it. Remember, work might suck, but you don’t have to.
Today’s daily brief includes the latest on the UK taking another massive loss on the sale of its stake in RBS, Major League Baseball plans to purchase the maker of its official ball, and MyHeritage, a popular genealogy site, uncovers a data breach affecting 92M users. Plus we’ve got some tips on free courses from Udemy and a free book from Bill Gates. Remember, work might suck, but you don’t have to.
Today The Water Coolest covers Walmart taking a loss on the divestiture of its Brazilian assets, Howard Schultz will step down as Executive Chairman of Starbucks and Microsoft finally buys GitHub. Plus full coverage of Apple’s WWDC.
Today The Water Coolest covers the lowest unemployment rate in close to 18 years, Delaware plans to become the first state to legalize single-game sports gambling and Facebook will kill its “trending” section amid fake news controversy. Plus some Monday Motivation from Eric ‘The Hip Hop Preacher’ Thomas and a look at the week in news ahead.