Business


 

Goldman Sachs' new online lending business has already hit a $1 billion milestone (GS)

Goldman Sachs launched Marcus, an online lending business for customers seeking loans of $30,000 or less, in October 2016. It was a departure from what Goldman Sachs is best known for, namely, wealth management, trading, and investment banking. And the business has already hit a $1 billion milestone, according to Goldman Sachs Lloyd Blankfein. Blankfein said in an interview on CNBC’s “Mad Money with Jim Cramer” that "we just crossed over a billion dollars." "By the end of this year, we'll be cro...
Tags: Trends, Goldman Sachs, Goldman, Cnbc, Marcus, Jim Cramer, Jim Rogers, Ismail, HCM, Goldman Sachs We, Omer Ismail, HCM Human Capital Management, Edith Cooper, Goldman Sachs Lloyd, Blankfein Blankfein


Relevnt launches a publisher-centric news app

 Florida startup Relevnt is experimenting with a new approach to online publishing. Founder and CEO Winder Hughes said that it’s become unrealistic to expect readers to download an app for every publication that they follow, or even to type a bunch of URLs into their mobile browser. At the same time, when publishers rely on big platforms like Facebook and Google for distribution,… Read More
Tags: Google, Startups, TC, Mobile, Facebook, Apps, Florida, Media, Tech, Winder Hughes, Relevnt


Binary Capital reportedly delays closing new fund amid controversy

 In the wake of allegations of sexual harassment and the resignation of Binary Capital co-founder Justin Caldbeck, the firm has delayed closing its second fund, Axios reports. Caldbeck issued a statement saying he would take an indefinite leave of absence after multiple women in the tech industry alleged they faced unwanted and inappropriate advances from him. The Information first reported… Read More
Tags: Fundings & Exits, Startups, TC, Tech, Justin Caldbeck, Binary Capital, Caldbeck


China’s New Cybersecurity Law: The 101

China’s Cybersecurity Law (CSL) became effective on June 1, 2017 and it regulates the construction, operation, maintenance and use of networks, as well as network security supervision and management within mainland China. The Cyberspace Administration of China (CAC) is the primary governmental authority supervising and enforcing the CSL. The CSL regulates cybersecurity from different aspects, including network operation security, network information security, as well as monitoring, early warnin...
Tags: Business, Internet, China, State, CII, Cyberspace Administration of China CAC, CSL, Basics of China Business Law, China Business, Network Operations Security Under the CSL, Procurement Security Review When, CSL Data, Draft Data Transfer Measures, Network Information Security


Sports broadcast copyright in China — the stranglehold of originality

I spoke in Beijing last week at a conference on legal protection of sports broadcasts, organized by the National Copyright Administration of China (NCAC) and the United States Patent and Trademark Office. Other speakers included Chinese judges, Chinese and American lawyers and academics, sports league and broadcaster general counsel, and American and European IP officials. What follows is based on the speech I gave at the conference. Copyright in sports broadcasts is not explicitly recognized in...
Tags: Business, Internet, Australia, China, US, Beijing, United States, Premier League, Le Tv, China China, United States Patent and Trademark Office, Berne, China Film Industry, China IP, China Media Capital, PPTV


VC Justin Caldbeck raised funding in email to accuser ahead of scandal breaking

 TechCrunch has reviewed an email allegedly sent by VC Justin Caldbeck, of Binary Capital, to one of the female founders who have accused him of inappropriate behavior — which suggests he tried to use his influence as an investor to encourage the woman to drop the allegations against him. Read More
Tags: Startups, TC, Sexism, Tech, Vc, Venture Capital, Silicon Valley, Justin Caldbeck, Binary Capital, Evertoon, Niniane Wang


Rewriting the Manual With The Accidental Entrepreneur’s Handbook

If you wanted to become an entrepreneur, chances are that 99 percent of the people would tell you that you need a business plan. They would tell you to study the market, estimate how much money you need, and how much in sales you need to cover your expenses. The Accidental Entrepreneur’s Handbook: Useful Stuff For Your Enterprise Voyage would question that logic. This book argues that you don’t need some external requirement (like a degree or fancy 50 plus page business plan) to become an entrep...
Tags: Sales, Business Books, Scott, Iain, Handbook, Startup Books, Iain Scott


Elon Musk loves video games — here are his favorites

Elon Musk may be the CEO of two different companies, but he still makes time to game. As the head of Tesla Motors, Musk is leading the rebirth of all-electric vehicles. At SpaceX, his steering a company whose mission is to "revolutionize space technology, with the ultimate goal of enabling people to live on other planets." And that's not to mention that he oversees SolarCity, a company focused on making solar energy commonplace that Tesla bought last year. But when he's not busy transforming tra...
Tags: Spacex, Elon Musk, Trends, Tesla, Solarcity, Musk, Reddit AMA, Twitter Elon Musk, Tesla Motors Musk


Baristas push Starbucks for more equitable parental leave

Two Starbucks baristas who delivered more than 30,000 signatures to the company last week say LGBTQ families are among those treated unfairly. Also, famed chef Alice Waters hopes Jeff Bezos will use Whole Foods to “change our food system overnight.”
Tags: Amazon, Business, News, Starbucks, Jeff Bezos, Alice Waters


Why some gadgets have to pay to be on TV and some don't — inside the tricky world of product placement

If you watch TV today you're definitely going to see some real-life gadgets and brands.  Sometimes, those products are included in the shot because a company offered money to get their product on-screen for a period of time. But other products are included in the scene because a prop or set professional on the production just needed stuff to fill out the scene, according to Jon Holtzman, who used to help Apple get free exposure on TV and movies during the early 90s, when it needed it. Think abou...
Tags: Apple, Hbo, Hollywood, Trends, Square, Silicon Valley, Carrie Bradshaw, Holtzman, Jon Holtzman, City Apple, Holtzman Silicon Valley, Aston Kucher, Holtxman


While we wait for autonomous cars, here are 6 ways to be a better human driver

There's a pretty good chance we'll have cars that can drive themselves in our lifetimes. But given the regulatory hurdles, it's unlikely autonomous vehicles will be available to the masses anytime soon. So in the interim, we humans will have to continue to drive ourselves. Cars are much safer than they used to be, but almost 40,000 people die every year in auto-related incidents in the US alone. You don't want to join that grim statistic, so your best bet, if you do drive, is to get better at it...
Tags: Apple, US, Trends, Tesla, Porsche


Learn the art of manipulating data with this serious MATLAB training for only $27

When engineers and mathematicians need to get down to some hardcore computer modeling and data visualization, MATLAB is one of the prime programming languages and environments of choice. Data analysis is one of the fastest growing areas of need in many businesses and MATLAB is at the heart of that analysis. So learn MATLAB from the ground up with this complete mastery bundle of courses. Right now, you can get these five MATLAB courses for only $27 (86 percent off its regular price) from TNW Deal...
Tags: Startups, Tech, Offers, Matlab, Tools & Skills, TNW Deals Across


One Year Anniversary of House Republican Tax Reform Blueprint

On June 24, 2016, the House Republicans released their "A Better Way" blueprint for tax reform. Obviously as part of an election strategy. On November 9, 2016, with Republican victories all around, I thought there would be fast track activity to draft legislative language to be released early in the 115th Congress.  We haven't seen any legislative language yet although I suspect some exists.The details of the plan can be found in the full report of the Republicans and a July 2016 article I have...
Tags: Taxes, Republicans, Congress, Senate, Gop, House, Paul ryan, Cnbc, Trump, Hatch, Ryan, National Retail Federation, Senate Finance Committee, Better Way, National Association of Manufacturers, Professor Nellen


What it's like to work as a 'budtender' in the legal marijuana industry

Coffee shops have baristas. Bars have bartenders. And marijuana retailers have "budtenders." An estimated 30,000 Americans work in legal marijuana dispensaries, with a significant portion of those retail employees assisting customers at point of sale. Budtenders have an intimate knowledge of the products sold and can make recommendations based on customer preferences — whether they prefer smoking or vaping, for example, or whether they want to get high while partying or binge-watching TV. With m...
Tags: California, Los Angeles, San Francisco, Trends, Business Insider, Henry, Nikki, LA Weekly, Barbary Coast, Jesse Henry, Budtenders


Here's why Cadillac's new CT6 plug-in one of the best luxury sedans on the market (GM)

Cadillac rolled out the CT6 to much fanfare at a spectacularly ambitious party at the 2015 New York auto show. A year later, the full-size sedan — Cadillac's "flagship" vehicle — hit dealerships. Just in time for consumer tastes to shift decisively toward luxury crossovers and SUVs. Caddy sells those, too, so the CT6's sluggish debut isn't a huge deal. Besides, every other luxury brand is in the same boat. BMW, Mercedes, Audi, Lexus, Jaguar, Volvo, Acura, Lincoln, Infiniti and even Maserati and ...
Tags: New York, Trends, Manhattan, Cadillac, Maserati, Hudson River, Alfa Romeo, Blue Hill, Stone Barns, EVT


‘Transformers’ tops box office but is biggest in China

NEW YORK (AP) — Michael Bay’s “Transformers: The Last Knight” scored a franchise-low debut but still easily topped the North American box office with an estimated $43.5 million in ticket sales over the weekend. The Paramount Pictures release, the fifth in the “Transformers” series, totaled $69.1 million in five days, after opening Wednesday. But it […]
Tags: Business, New York, News, China, Michael Bay, Paramount Pictures, Nation & World


The 10 best low-cost airlines in the world

This week, leading consumer aviation rating agency Skytrax, named AirAsia the best low-cost airline in the world for the ninth consecutive year. The Sepang-based company was presented with the award at a ceremony during the 2017 Paris Airshow. "We take the world champion title seriously and we will strive to continue to improve for both our guests and shareholders," AirAsia CEO Tony Fernandes said in a statement. "Over the last 15 years we have created a great brand and over the next 15, we w...
Tags: Asia, Europe, US, Trends, Paris, Brazil, Tony Fernandes, South America, Airbus, New Delhi, Boeing, Southwest Airlines, Jetblue, Airasia, Skytrax, Sepang


Trump approves $2B sale of drones to India ahead of meeting

WASHINGTON (AP) — The Trump administration has authorized the sale of unarmed surveillance drones to India, the manufacturer said Friday, as the two nations’ leaders prepare for their first face-to-face meeting. India initiated its request to buy 22 Guardian MQ-9B unmanned aircraft for maritime surveillance last year. The deal is estimated to be worth about […]
Tags: Business, News, Washington, India, Ap, Trump, Nation & World Politics


Why Republicans are struggling mightily to overhaul tax code

WASHINGTON (AP) — Why are Republicans struggling mightily to reach a consensus on how to overhaul the nation’s tax system? The GOP is supposed to be really good at cutting taxes. President George W. Bush cut taxes. So did President Ronald Reagan, though he also raised them. Why is President Donald Trump, who has promised […]
Tags: Business, News, Washington, Ap, Gop, Ronald Reagan, Donald Trump, George W Bush, Nation & World Politics


Italy giving 5.2B euros in resources to keep 2 banks open

ROME (AP) — The Italian government on Sunday made 5.2 billion euros ($5.8 billion) of resources immediately available to keep operative two banks that the European Central Bank has deemed “failing or about to fail,” sending them into insolvency procedures. Premier Paolo Gentiloni defended the swift action by the government as vital for ensuring Italy’s […]
Tags: Business, News, European Central Bank, Rome, Italy, Paolo Gentiloni, Nation & World


No wonder Senate kept health bill under wraps

It’s the homestretch for the rollback of Obamacare. If Republicans succeed, their threadbare replacement faces a tough road test.
Tags: Business, News, Senate, Economy


As Fitbit Inc Rebuilds, Competition Will Only Get Tougher

Fitbit (NYSE: FIT) has seen decelerating growth in seven of its last eight quarters , and investors have punished the stock. Shares of the fitness device maker are down over 80% from their first day close back in 2015.Data by YCharts.Continue reading [Author: [email protected] (Brian Withers)]
Tags: Finance, Fit, Consumer Goods, Fitbit Inc, Brian Withers, 35270186-4f07-11e7-badf-0050569d4be0


An ex-Tesla engineer created an FDA-compliant cure for hangovers

Sisun Lee loved his job as an engineer at Tesla. He had absolutely no intention of quitting and starting his own company. But what started out as a fun side project to find a cure for hangovers has grown so big, he felt he had to quit his job this week and launch a company. On July 5, his startup Morning Recovery, will be open for business, where it will sell an FDA-compliant hangover cure. The whole thing started about a year ago, when the then 26-year-old Lee took a trip to his home country of...
Tags: Apple, Facebook, Asia, South Korea, Elon Musk, US, Toronto, Trends, Tesla, Fda, Ucla, Shark Tank, Lee, Liang, DHM, Sisun Lee


Even the cinematographer filming 'Westworld' didn't know the secrets of the show

"Westworld" isn't known for its subtly. The HBO series is filled with detailed sets from the Old West amusement park, and the sleek, modern facility below it.  Robert McLachlan , a cinematographer who's worked on "Westworld," "Game of Thrones," and "Ray Donovan," recently talked with Business Insider about working on HBO's epic (and epically confusing) sci-fi western. He's no stranger to shows of that size, having  shot the infamous Red Wedding episode on "Game of Thrones." McLachlan went in...
Tags: Hbo, La, Trends, Showtime, Westworld, Ray Donovan, Bernard, Old West, McLachlan, Robert McLachlan, Carrie Wittmer, Wittmer


Google DeepMind is giving the NHS free access to its patient monitoring app (GOOG)

The financial terms of Google DeepMind's partnership with the Royal Free London NHS Foundation have been disclosed for the first time. Google's artificial intelligence lab DeepMind is currently allowing the Royal Free to use its patient monitoring smartphone app Streams for free, the Royal Free Trust told Business Insider following a freedom of information (FOI) battle that went on for six months. However, the Royal Free must pay DeepMind a "service fee" if DeepMind ends up providing more than £...
Tags: Google, UK, Trends, NHS, Business Insider, Taunton, Deepmind, Foi, Ico, Duffy, Imperial, MacDonald, Royal Free, Julia Powles, NDG, Powles


The Importance of Self-Branding on the Job Market

Everyone knows what the term “brand” means, but what is a “personal brand”, really? Well, quite simply: it’s the performance, contributions and value that your next employer can expect from you. It marks your career reputation and has far-reaching effects with regards to your job search. In short, your personal branding represents you, as a professional. If you want to learn just why it’s so important, read on! Standing apart The number one benefit of branding is outlined in the fact that it ...
Tags: Jobs, United States, Tracey Clayton


Fintech LendInvest's growth slows due to 'challenging' property market and investment

LONDON — Online mortgage marketplace LendInvest saw revenue growth slow and profits dive last year as it invested for growth and dealt with "challenging" market conditions. Accounts seen by Business Insider show LendInvest's revenue grew from £18.6 million to £22.1 million in the year to March 2017. That's a significant slowdown on the prior year when revenues jumped to £18.6 million from £7.2 million in 2015. The company made a loss of £1 million in the year to March 2017, down from a pre-tax p...
Tags: Europe, UK, London, Scotland, Trends, Brexit, Henry Blodget, Christian Faes, LendInvest, Beijing Kunlun, Faes, Manchester York


3 Things to Watch in the Stock Market This Week

Stocks had a quiet week last week, with the Dow Jones Industrial Average  (DJINDICES: ^DJI)  and the S&P 500 (SNPINDEX: ^GSPC)  each moving by less than 0.25%. That left both indexes near all-time highs and up more than 8% so far on the year.^DJI data by YCharts.Continue reading [Author: [email protected] (Demitrios Kalogeropoulos)]
Tags: Finance, Dji, Consumer Goods, MKC, Demitrios Kalogeropoulos, GSPC, NKE, STZ, 906c4f56-5745-11e7-9eda-0050569d32b9


By July, Verizon will block users from accessing Yahoo & Tumblr using AT&T email addresses

 In a move that’s sure to rattle net neutrality supporters and potentially points to a walled-garden future for TechCrunch’s parent company Oath (and its parent Verizon), Yahoo services and Tumblr (both Oath properties) will no longer let users log in with an AT&T email address (or any of its subsidiary service providers). AT&T is a competitor to Verizon. In a notice that… Read More
Tags: Startups, TC, Verizon, Yahoo, AT T, Verizon Yahoo, OATH, July Verizon


Trump leaving McConnell to handle Senate bill on health care

WASHINGTON (AP) — Donald Trump’s bull-in-a-china-shop approach to the presidency hasn’t helped him notch significant victories on Capitol Hill over his first five months in office. The nuts and bolts of legislation and the maddening, unpredictable ways and rhythms of Congress can seem foreign to him. Most of his top advisers have little Washington experience […]
Tags: Business, News, Congress, Washington, Senate, Ap, Capitol Hill, Donald Trump, Trump, McConnell, Nation & World Politics



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