Beware overhype about AI and make these 7 smart investments instead, according to a tech portfolio manager at a $120 billion firm
Lower inflation and a resilient labor market have many market pundits excited about the economy. Technology investor Jonathan Curtis is bullish, though he’s worried about AI stocks in late 2023. Below are seven parts of the market that Curtis is comfortable investing in now. Even after the recent market pullback, there’s plenty for investors to…
3 business owners share the one change they made to turn everything round and start making money
Business owners might make mistakes when they first start, which could cost them income. Insider spoke with three people who started their own marketing, blogging, and writing businesses. They each shared one change they made that turned their businesses around. Some entrepreneurs must wait months, if not years, to gain their first customers or turn…
Is the office the next ‘Big Short?’ A trader who returned 119% betting against shopping malls shares his playbook
Dan McNamara’s Polpo Capital is shorting office real estate, a risky move that could be lucrative. The trade has drawn comparisons to “The Big Short,” which McNamara says is overblown. His office playbook includes some shorting, distressed-debt buys, and interest-only loans. Dan McNamara’s office is on the 19th floor of a plain office building in…
A top Two Sigma investment executive has taken leave from the firm amid a series of challenges for the hedge fund giant
A Two Sigma chief investment officer has taken a medical leave, Insider has learned. The firm announced the leave of Alex Ginsburg, CIO of equities, to investors and employees in July. The fund is also grappling with governance and management issues related to its feuding founders. Insider has learned that a senior Two Sigma investment…
Creator merch startup Fanjoy has filed for bankruptcy
Creator merch startup Fanjoy has filed for Chapter 11 bankruptcy, a court filing showed. The e-commerce company handles merchandise sales for top digital creators. In 2017, Fanjoy pivoted its business model to helping internet stars sell merch. According to a court filing obtained by Insider, creator merch startup Fanjoy filed for Chapter 11 bankruptcy earlier this…
Morgan Stanley’s training course to work with super-rich clients has a 40% first-time failure rate. Execs shared an example of a case study that caps the program off.
Each year, some 100 Morgan Stanley advisors take a course to earn the family wealth director title. The hardest part of the 150-hour program is a live case study. Morgan Stanley executives Alex Chester and David Bokman share what trips up advisors the most. Every year, approximately 100 Morgan Stanley advisors take an exam in…
Keith Rabois’ startup OpenStore is launching a new program to boost Shopify merchants who aren’t big enough to sell their stores yet
Keith Rabois’ OpenStore is launching a new accelerator program for Shopify merchants. A cohort of five merchants will be chosen to participate in a 10-week program with OpenStore. It’s the Shopify aggregator’s third offering to sellers. Keith Rabois’ Shopify aggregator startup, OpenStore, is launching a new offering for Shopify merchants. The new program, OpenStore Boost,…
Amazon built a data center empire in northern Virginia. Exclusive filings reveal it’s using as much energy as a major city.
Amazon is in the midst of $87 billion of data center development in Virginia. The company’s data centers in the state can consume about half the power of New York City. It’s the largest player in a fast-growing industry that could stress grids and speed the climate crisis. Amazon is in the midst of a…
A former BlackRock stock chief shares 5 stocks and one area of the bond market he likes right now as growing recessionary pressures threaten to spoil the S&P 500’s rally
Bob Doll thinks a mild recession will hit the US economy sometime in the near-to-mid future. But he still thinks there are opportunities to be found, especially in value names. Five stocks he likes in particular are CI, MCK, VLO, PSX, and ADBE. Bob Doll isn’t overly optimistic about the broader stock market’s upside potential…
