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US private payrolls climb by 742,000 in April as labor market strengthens, ADP says

People walk through downtown Brooklyn on May 3, 2021 in New York City. Spencer Platt/Getty Images The US gained 742,000 private payrolls in April, ADP said in its monthly employment report. The reading marks a fourth straight monthly climb but is below economists' 873,000-payroll estimate. The report backs up forecasts of strong hiring from reopening and vaccination in the last month. See more stories on Insider's business page. The US private sector saw hiring accelerate through A...
Tags: US, Trends, Bank Of America, Bloomberg, Joe Biden, Bureau of Labor Statistics, Brooklyn, Ubs, ADP, Fed, Richardson, Nela Richardson, Jerome Powell, Ben Winck, New York City Spencer Platt Getty


The incredible life and career rise of Melinda Gates - one of the world's richest and most powerful women

She heads a foundation with a $40 billion endowment. Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation Melinda Gates is one of the most powerful women in the world, according to Forbes. She could be worth $73 billion if she and Bill Gates split their fortune equally in the divorce. Gates will continue in her role as co-chair of the Bill and Melinda Gates Foundation. See more stories on Insider's business page. Melinda Gates is the fifth most powerful woman in the world, ...
Tags: Science, News, Microsoft, Obama, Bono, Life, Stanford, Africa, Time, US, America, Trends, Features, United States, U2, Aol


The incredible life of Melinda Gates - one of the world's richest and most powerful women

She heads a foundation with a $40 billion endowment. Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation Melinda Gates is one of the most powerful women in the world, according to Forbes. She could be worth $73 billion if she and Bill Gates split their fortune equally in the divorce. Gates will continue in her role as co-chair of the Bill and Melinda Gates Foundation. See more stories on Insider's business page. Melinda Gates is the fifth most powerful woman in the world, ...
Tags: Personal Finance, Education, Microsoft, Obama, Bono, Life, Finance, Stanford, Africa, Time, US, Careers, America, Trends, Features, United States


Bill and Melinda Gates are getting divorced. Here's a look inside their 27-year marriage, from meeting at work, to having 3 kids, to spending $45 billion on philanthropy.

Bill and Melinda gates are splitting up, the Microsoft co-founder announced on Monday. Scott Olson/Getty Images Bill Gates, the founder of Microsoft, announced he and his wife, Melinda, will divorce. Gates married Melinda French in 1994 after the two met at work. The two run the Bill & Melinda Gates Foundation, which has an endowment of $49.8 billion as of 2019. See more stories on Insider's business page. Bill and Melinda Gates are getting divorced.The billionaire Microsoft founder an...
Tags: Florida, Marriage, Microsoft, Bono, Life, Finance, Africa, US, Barack Obama, Trends, Strategy, Ted, Relationship, Features, Munich, Nelson Mandela


Biden's menthol cigarette prohibition is so obviously stupid and wrong it boggles the mind

President Joe Biden speaks on the North Lawn of the White House on April 27, 2021 in Washington, DC. Drew Angerer/Getty Images Biden claimed to regret how his drug warrior legacy led to mass incarceration. And yet he's banning menthol cigarettes, which are popular in Black communities. But the prohibition will lead to harsher policing in those communities. It's like the president hasn't learned a thing from the failed and evil War on Drugs. This is an opinion column. The thou...
Tags: New York, Congress, Washington Post, Washington, White House, Trends, Joe Biden, Ronald Reagan, Aclu, Albert Einstein, DEA, Biden, Staten Island, Eric Garner, Einstein, Kamala Harris


Stock market euphoria is within striking distance of flashing a sell signal, Bank of America warns

Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City Spencer Platt/Getty Images A BofA contrarian indicator that measures investor bullishness rose for the third straight month to a 10-year high in March. The signal is less than a point away from indicating overextended optimism on Wall Street. BofA's indicator forecasts a lackluster 6% total return in the S&P 500 over the next 12 months. Sign up here for our daily newsletter, 10 Things ...
Tags: Wall Street, Trends, Markets, Bank Of America, Biden, Nyse, Ssi, BofA, Savita Subramanian, New York Stock Exchange NYSE, Stock Market Outlook, Stock Market Forecast, Emily Graffeo, New York City Spencer Platt Getty, Sell Side Indicator, Stock Market Euphoria


Confessions of burned-out junior bankers - Jonathan Soros' new hedge fund - Wall Street moves of the week

Two men wearing a masks walks pass the New York Stock Exchange (NYSE) on April 30, 2020 in New York City. Johannes Eisele/AFP/Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Five investment banking analysts gave us an inside look at their typical workday Everything we know about the new hedge fund being spun out of Jonathan Soros' family office by John HollowayFrom Citi to Goldman Sachs to Pimco, we have a ...
Tags: Wall Street, New York City, Trends, Credit Suisse, Citigroup, Pimco, Goldman Sachs, WeWork, Max Levchin, Goldman, Barry, SPAC, Soros, Holloway, Boulder Hill, Jennifer Roberts


GameStop is almost six times more volatile than bitcoin as earnings results jolt retail belief in a turnaround

Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City Spencer Platt/Getty Images Shares of GameStop have been nearly six times more volatile than bitcoin, according to data from Bespoke Invest.Over the past 50 days, GameStop has had an average daily price move of 21% compared to just 4% for bitcoin.GameStop was especially volatile over the past week as investors digested its earnings report.Sign up here for our daily newsletter, 10 Things Before ...
Tags: Trends, Markets, Bitcoin, Stock Market, Gamestop, Nyse, CFRA, New York Stock Exchange NYSE, Matthew Fox, Bitcoin Price, New York City Spencer Platt Getty, Gamestop stock price, Stock Market 2021, Gamestop Stock, MI Exclusive, Ryan Cohen GameStop


The FBI is investigating whether Cuomo and his advisors undercounted COVID-related nursing home deaths

Gov. Andrew Cuomo of New York at a news conference September 8, 2020, in New York City. Spencer Platt/Getty Images The FBI is investigating whether Cuomo and his aides provided false data on nursing home deaths. People familiar with the probe told the NYT that the agency has subpoenaed Cuomo for documents. The FBI has been examining Cuomo's handling of nursing homes during the coronavirus pandemic. See more stories on Insider's business page. The Federal Bureau of Investigation is ...
Tags: Politics, New York, News, Trends, Fbi, New York Times, The Times, Deaths, Nyt, Department Of Justice, Andrew Cuomo, Doj, Nursing Homes, Federal Bureau of Investigation, Cuomo, Health Department


Analyst says Cuomo is 'more motivated' to legalize marijuana in New York as calls mount for him to resign over sexual harassment allegations

New York state Gov. Andrew Cuomo speaks at a news conference on September 08, 2020 in New York City. Spencer Platt/Getty Images An analyst note from BTIG says that Gov. Cuomo is motivated to pass legislation legalizing marijuana. The governor has been accused of sexual harassment by several women including former staff. Lawmakers introduced a legalization bill in January that is under negotiation. See more stories on Insider's business page. New York state might soon legalize marijuan...
Tags: New York, Trends, New Jersey, Andrew Cuomo, Cuomo, BTIG, Carl Quintanilla, Jerry Nadler, Mary Meisenzahl, New York City Spencer Platt Getty, Ocasio Cortez Hakeem Jeffries, MSNBC Cuomo


New details emerge from Cuomo's 6th accuser, claiming he "aggressively groped her in a sexually charged manner"

New York Gov. Andrew Cuomo speaks at a news conference on September 08, 2020 in New York City. Spencer Platt/Getty Images New details emerged from the sixth woman to accuse New York Gov. Andrew Cuomo of sexual harassment. The unnamed female staffer alleged the governor fondled her in his private residence last year. Cuomo denied the new allegations in a statement to Insider Wednesday night. See more stories on Insider's business page. The sixth woman to accuse New York Gov. Andrew Cuom...
Tags: Politics, New York, Trends, Andrew Cuomo, Cuomo, Albany Times Union, Sexual Harrasment, New York City Spencer Platt Getty, Erin Snodgrass, Times Union Once, Tish Jame


10-year Treasury yield climbs past key threshold, pulling tech stocks lower as investors reposition to sectors 'better suited' for economic reopening

Traders work on the floor of the New York Stock Exchange (NYSE) on December 07, 2018 in New York City Spencer Platt/Getty Images The 10-year yield rose beyond 1.6% following a sharp rise in the number of jobs added in the US in February.  The 10-year yield's rise reflects that the US is preparing to exit a "horrible time in our economy," says one analyst.  The Nasdaq lost more ground Friday after Thursday's selloff.  Visit the Business section of Insider for more stories. Borrowing costs a...
Tags: Amazon, US, Trends, Tech, Markets, Tesla, Bureau of Labor Statistics, Treasury, Nasdaq, Yield, Nyse, Jamie Cox, New York Stock Exchange NYSE, Carla Mozee, Cox So, Harris Financial Group


Top crypto lawyers - Walmart lures Goldman bankers - Wall Street moves of the week

Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City Spencer Platt/Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Carlyle executives explain how they helped portfolio company Novolex diversify its workforce.Meet the leading crypto and blockchain-focused lawyers in the red-hot industry.The top Wall Street people moves of the week you need to know. We are also looking for nomina...
Tags: Wall Street, Trends, Walmart, Austin, Miami, Harry, Goldman Sachs, Rally, Goldman, Robinhood, Wells Fargo, Jpmorgan, TIAA, Carlyle, Goodwin, New York Stock Exchange NYSE


A 2nd former aide has come forward to accuse Andrew Cuomo of sexual harassment

New York state Gov. Andrew Cuomo speaks at a news conference on September 08, 2020 in New York City. Spencer Platt/Getty Images A former Cuomo aide alleged the governor sexually harassed her last spring. Charlotte Bennett, 25, said Cuomo made sexual advances and asked her inappropriate questions. The news comes days after another ex-Cuomo aide wrote a Medium essay detailing similar allegations. Visit the Business section of Insider for more stories. A second former aide has come forward to...
Tags: Politics, New York, Trends, The New York Times, Times, Andrew Cuomo, Sexual Harassment, Cuomo, Capitol, Bennett, Garvey, Boylan, Charlotte Bennett, Sexual Harassment Allegations, Michelle Mark, Lindsey Boylan


Job cuts return at Bank of America - Working for Cathie Wood - Inside Coinbase's IPO

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. Spencer Platt/Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:After a one-year reprieve, job cuts at Bank of America are starting up again. Two Ark Invest analysts share what it's like to work with Cathie Wood. Everything you need to know about Coinbase's upcoming IPO.We are also looking for nominations for our upcoming list of...
Tags: San Francisco, Trends, Bank Of America, Silicon Valley, Coinbase, Satoshi Nakamoto, Vlad Tenev, SPAC, Alcantara, Brian Moynihan, Adam Neumann, Jeffrey Epstein, Evercore, New York Stock Exchange NYSE, Brian Armstrong, Maranhao


Job cuts are back at Bank of America - Working for Cathie Wood - Inside the Coinbase S-1

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. Spencer Platt/Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:After a one-year reprieve, job cuts at Bank of America are starting up again. Two Ark Invest analysts share what it's like to work with Cathie Wood. Everything you need to know about Coinbase's upcoming direct listing.We are also looking for nominations for our upcom...
Tags: San Francisco, Trends, Bank Of America, Silicon Valley, Coinbase, Satoshi Nakamoto, Vlad Tenev, SPAC, Alcantara, Brian Moynihan, Adam Neumann, Jeffrey Epstein, Evercore, New York Stock Exchange NYSE, Brian Armstrong, Maranhao


Photos show Lunar New Year celebrations with caution amid an ongoing pandemic

An immediate family from a distance virtually join a family reunion dinner via a phone call on the eve of the lunar new year at home on February 11, 2021 in Kuala Lumpur, Malaysia. Annice Lyn/Getty Images Families opt for distanced or virtual celebrations amid the ongoing COVID-19 pandemic. Limited public festivities continued to take place with health safety precautions in mind. Here's what celebrating one of the most important holidays in the Chinese culture looks like amid the pandemic....
Tags: Hong Kong, Science, London, Indonesia, China, New York City, US, International, Trends, Features, Kuala Lumpur, Red Cross, Bangkok, Chinatown, Chinese New Year, Buddhist


How the the 25th Amendment works to remove a sitting president

Then-President-elect Donald Trump stands with Vice President-elect Mike Pence at a news conference at Trump Tower on January 11, 2017 in New York City. Spencer Platt/Getty Images The 25th Amendment formally outlines the transition of power if the president is unable or unfit to serve. Section IV also allows the vice president and a majority of the Cabinet to remove the president from office. Americans have been particularly interested in the amendment since President Donald Trump took off...
Tags: Google, Politics, News, Law, Congress, Life, Senate, White House, Trends, Cnn, Fbi, Commerce, Tennessee, New York Times, House Of Representatives, Treasury


Inside Airbnb and DoorDash's IPOs - Citigroup's new MD focused on data science - Chase launches virtual banking service

Chinese stock traders work on the nearly empty trading floor at the Shanghai Stock Exchange in Shanghai 19 May 2006. China ended a year-long ban on initial public offerings (IPOs) 18 May, with the resumption of official share sales on its stockmarkets effective immediately after IPOs and additional share issues were suspended in April last year, as part of a plan to overhaul state enterprise ownership by selling down the government's holdings in listed companies and thereby boost the count...
Tags: New York, China, San Francisco, Trends, Shanghai, Chase, Citigroup, Manhattan, Airbnb, Goldman Sachs, Coinbase, Times Square, SPAC, Shanghai Stock Exchange, Chase bank branch, Sonoran Desert


Trump's recent COVID-19 diagnosis has ignited interest in the possibility of him invoking the 25th Amendment. Here's how it works.

Then-President-elect Donald Trump stands with Vice President-elect Mike Pence at a news conference at Trump Tower on January 11, 2017 in New York City. Spencer Platt/Getty Images The 25th Amendment formally outlines the transition of power if the president is unable or unfit to serve. Section IV allows the vice president and a majority of the Cabinet to remove the president from office. Americans have been particularly interested in the amendment since President Donald Trump took office. V...
Tags: Google, Politics, News, Law, Congress, Life, Senate, White House, Trends, Cnn, Fbi, Commerce, Tennessee, New York Times, House Of Representatives, Treasury


See how NYC is reopening for indoor dining as a new state report warns that up to 50% of restaurants could be forced to close permanently

People have lunch at Chelsea Square Restaurant as New York City restaurants open for limited capacity indoor dining on October 1, 2020, in New York. BRYAN R. SMITH/AFP via Getty Images New York City's restaurants were allowed to reopen for indoor dining on Wednesday, though they're currently limited to 25% of the maxium capacity.  The reopening comes at a desparate time for the city's restaurant and bar industry, which has been battered by the coronavirus pandemic and related shutdowns.  A...
Tags: New York, New York City, Trends, Getty Images, Chelsea, Manhattan, Afp, WCBS, Little Italy, Bill DeBlasio, Bryan R Smith, Madeline Stone, Office of the New York State, Getty Images Restaurants, New York City Alexi Rosenfeld Getty, New York City Spencer Platt Getty


Banking job cuts are back — Meet mall-king David Simon — PE recruiting drama

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. Spencer Platt/Getty Images At the height of the pandemic, when seemingly everything remained up in the air, some Wall Street banks looked to offer employees comfort. Many on the Street pledged to hold off on layoffs for the remainder of the year, vowing to weather the storm together with their employees. Six months later, times have changed.Bloomberg reported Goldman Sachs will start cutting job...
Tags: UK, Trends, Bloomberg, Barclays, Citigroup, Goldman Sachs, Cnbc, Trump, Simon, Jcpenney, Jpmorgan, David Simon, Daniel, Simon Property Group, Casey Sullivan, New York Stock Exchange NYSE


Some police chiefs genuinely want to fire their bad apples. Their department's history can make that almost impossible.

Protesters scuffle with police during a march against police violence in Manhattan on April 14, 2015 in New York City. Spencer Platt/Getty Images After George Floyd's killing shifted the national conversation on police brutality, many have questioned how "bad apple" officers with a history of misconduct are able to keep their jobs. In a lot of cases, when a department tries to fire an officer, the decision gets turned over during an appeals process. But experts in policing and unions say t...
Tags: Politics, Crime, News, Minnesota, Minneapolis, Unions, Labor, Oregon, Police, Iraq, Trends, Marine, Aclu, Manhattan, DEA, Houston