When television producer Mark Burnett called Daymond John in 2008 to ask if he'd like to be on the upcoming series "Shark Tank," it was the perfect time in John's career for something new.
His clothing company FUBU was bringing in $300 million in revenue at its peak, but its popularity waned in the early 2000s. John had investments in about 10 different fashion companies, and all but two or three were severely hurt by the recession.
When Burnett called, John was already considering
Astrid Stawiarz/Getty ImagesThis story first appeared in Modern Trader and is republished here with permission.
For what is likely be the largest IPO in years, the Snapchat filing has been swamped in secrecy.
Snapchat founders Evan Spiegel and Bobby Murphy aimed to raise at least $3 billion in March after recently releasing their S-1 document.
The result of our investigation? Steer clear.
Like any company issuing risk factors, Snapchat has many questions to answer.
Dig under the hood and th
The Federal Reserve said January 22 it is worried about the "low level of implied volatility in equity markets"
The VIX, a gauge of market fearfulness, has been bouncing around at historic lows
That seems at odds with the "considerable uncertainty" the Fed expects in US policy
The Federal Reserve is worried that the stock market might be showing signs of complacency.
The central bank's most recent Fed minutes for the January/February mee
JeepThe Jeep Renegade has one of the most distinctive provenances of any vehicle currently on sale in the US. For starters, it's almost entirely made in Italy. Fiat Chrysler Automobiles has taken a platform it also uses for the Fiat 500X and made it into a Jeep. In terms of the math, 62% of the vehicle is bella figura Italian, while 22% is red, white, and blue — or just red and white as some parts hail from Canada.
Yes, it's a Jeep that would make President Donald Trump spit his
Thomson Reuters(The Sports Xchange) - Baltimore Ravens safety Matt Elam was arrested on multiple drug charges early Sunday morning in Miami.Elam, 25, was booked at 3:45 a.m. at the Turner Guilford Knight Correctional Center in Miami on charges of possession of more than 20 grams of marijuana, possession with intent to sell or deliver, and possession of a controlled substance. He also was charged with reckless driving.Elam initially was pulled over for reckless driving and was found with 126 gram
The INSIDER Summary
• People editor in chief Jess Cagle accidentally made a mention to "Hidden Fences," a non-existent movie at the Oscars.• "Hidden Fences" is a mashup of two best picture nominees "Hidden Figures" and "Fences."• The slipup first occurred earlier this year at the Golden Globes.
It's the gaffe that just won't go away.
While covering the red carpet for the Academy Awards, People editor in chief Jess Cagle referred to a non-existent movie called "Hidde
Nearly half of Mexicans don't think their government should've sent Sinaloa cartel kingpin Joaquin "El Chapo" Guzman to the US, and more than 60% think the Mexican government should've held on to him for negotiations with President Donald Trump.
The poll, conducted two days after Guzman was sent north on Jan. 19, queried 400 Mexicans about the kingpin's extradition, with a margin of error of 4.9%.
The extradition was unexpected, and came just hours before Trump was swor
AP Photo/Susan WalshBARCELONA, Spain — There's a war raging between Google and Amazon over what could be the next major computing platform: voice-controlled AI assistants.
The two companies each have competing assistants, Google Assistant and Amazon's Alexa, and they're both rushing to get them into as many devices as possible. On Sunday, Amazon announced that it has recruited a useful ally for that mission: Motorola.
Virtual assistants are controlled using only your voice. You can tell
SnapIn the last five years, Snapchat has gone from a sexting app built in a Stanford dorm to a business that could soon be worth $22 billion on the public market.
Who are the early employees who've helped make the disappearing messaging app such a hit?
Back in 2013, Business Insider rounded up 20 of Snapchat's earliest employees. Many of them were Stanford classmates of founders Evan Spiegel and Bobby Murphy.
We're revisiting the list now that Snapchat is used by 158 million people each day a
FencesHollywood’s biggest night, the Academy Awards ceremony, goes down on Sunday. After months of talk about the movies lining up to be the frontrunners and millions of dollars spent by studios to campaign for them, we will finally get some closure.
"La La Land" leads the field with a record-tying 14 nominations, and we expect it to take home many of those Oscars. But there are titles including "Moonlight" and "Hidden Figures" that could play spoilers.
Then there's the best actor catego
Kiichiro Sato/APDUBLIN, Ohio (AP) — Wendy's says it plans to install self-ordering kiosks at about 1,000 locations by the end of the year.
A typical location would have three kiosks, The Columbus Dispatch reported. Higher-volume restaurants will be given priority for the kiosks.
Wendy's chief information officer, David Trimm, said the kiosks are intended to appeal to younger customers and reduce labor costs. Kiosks also allow customers of the fast food giant to circumvent long lines duri
If there is a single quality that defines Uber, it’s that it is somewhat sociopathic by design: An antipathy toward norms is built into the car-hailing company’s business model.
Algorithms determine surge pricing, which often causes prices to spiral precisely when people need them most, like during snowstorms—unless the company opts to turn the surge off.
While operating in a regulated industry, Uber has often sought to enter markets without getting the necessary permission
On Thursday, White House press secretary Sean Spicer sent a tremor through the nascent legal-marijuana industry, saying he thought there would be "greater enforcement" of federal marijuana laws under President Donald Trump and Attorney General Jeff Sessions.
In the past, Sessions has been a vocal opponent of marijuana, which is now legal for medical and recreational use in a number of states.
While Spicer was more circumspect when discussing medical marijuana, his comme
Reuters / Steve MarkusSome of the biggest names in the investing world are backing a hot new hedge fund, according to people familiar with the situation.
Philippe Laffont, the founder of Coatue Management; Louis Bacon, the founder of Moore Capital; and Dan Loeb, the founder of Third Point, are planning to invest in Ben Melkman's Light Sky Macro, a New York hedge fund that is set to launch March 1.
Billionaire Steve Cohen, the founder of Point72 Asset Management, is also investing in the fund.
Thomson ReutersThe chairman of the House Intelligence Committee, Devin Nunes, is not particularly concerned by the fact that former National Security Adviser Michael Flynn discussed sanctions against Russia with the Russian ambassador during the transition.
Nor is Nunes worried about evidence that Paul Manafort and other Trump aides were in frequent contact with Russian intelligence officials during the presidential campaign. But he is shocked—shocked—that the communications of Trum
Chris Jones, Getty ImagesNeil Fingleton, who played the colossal warrior Mag the Mighty on “Game of Thrones,” died from heart failure on Saturday. He was 36.
Fingleton was the U.K.’s tallest man at seven feet, seven inches in height. In addition to “Thrones,” Fingleton appeared in “Doctor Who,” Avengers: Age of Ultron,” and “X-Men: First Class.”
His death was announced Sunday by Tall Person Club’s Facebook page.
There's no better time than the present to sharpen your innovation practices, and attending live events with industry leaders and experts in person is one of the best ways to expand your innovation knowledge
MNWin McNamee/Getty Images
Democratic Sen. Sheldon Whitehouse of Rhode Island recently spoke with Business Insider while promoting his newly released book, "Captured: The Corporate Infiltration of American Democracy."
Whitehouse is a fierce critic of the role that money plays in politics in a post-Citizens United America.
Elected in 2006, Whitehouse is the ranking member of a Senate Judiciary subcommittee investigating Russia's role in the 2016 election.
Business Insider discussed a number o
Facebook/WeissNo one knows how difficult it is to manufacture in America like the people who actually do it.
Los Angeles-based workshop, Weiss watches is the perfect example. Its founder Cameron Weiss, is passionate about reviving US mechanical watch manufacturing.
"Making my timepieces in America is important to me because I am very passionate about watchmaking, and I believe this is the best way to resurrect the industry in the US," Weiss told Business Insider.
He quickly ran into some
Joe Raedle/Getty Images
The senior adviser who led President Donald Trump's trade transition team suggested to Business Insider that the next trade agreement that could come under fire from the White House is the US's participation in the World Trade Organization.
Dan DiMicco, the former Nucor CEO and board member of the Coalition for a Prosperous America, said "right now" the global organization "does not work for us."
Formed in 1995, the organization consists of more than 160 members.
Established Profitable Restaurant & Saloon with Full Kitchen and lots of History!Founded in 1862, this Restaurant & Saloon still has the authentic feel of the Old West, nestled in Heart of the Historic Uptown Area...situated in Lassen County with a Major Highway running right through town in front of the business.This is a great community with lots of amenities, community college, history, recreation and beautiful scenery nearby. If your looking to get out of the traffic and congestion and still
Thomson ReutersWASHINGTON (Reuters) — U.S. President Donald Trump's push against Islamic State in Syria could present him with an unenviable choice: Alienate NATO ally Turkey by relying on Kurdish fighters or adopt a plan that may slow the assault and require many more U.S. combat forces.
The objective of the coming U.S.-backed offensive is the city of Raqqa, Islamic State's de facto capital, which U.S. officials think the hardline group has been using as a hub to hatch plots against the
Zealandia is a new and mostly submerged continent off the coast of New Zealand.
The discovery started with offshore oil drilling in the 1960s.
A UN treaty that gave drilling rights to continental crust drove further research.
Scientists used the industry data to help determine Zealandia exists.
By now you've probably seen the big geology news: Earth has a brand-new continent called Zealandia, and it's been hiding from us for ages.
What's less widely known about the discove
Immigration is one of the hottest topics of debates in the United States. Pew Research Center released data on the metropolitan areas with the largest number of unauthorized immigrants for 2014. The top 20 areas account for 60% of the unauthorized immigration population in the United States. New York and Los Angeles come in at the top one and two, respectively.
Follow BI Video: On Twitter
Steve Marcus/ReutersWBO world welterweight champion Manny Pacquiao and Amir Khan say they have agreed to terms for a fight on April 23.
The boxers' promoters are yet to announce any details. Golden Boy Promotions, Khan's promoter, didn't reply to a request from The Associated Press on Sunday for confirmation.
Pacquiao, who came out of retirement to win the WBO belt by beating Jesse Vargas in November, says on his Twitter account that he is fighting Khan because "this is what the fans wanted."
The INSIDER Summary:
• The Academy Award of Merit — a golden statue of a man — is better known by its nickname "Oscar."• The popular story behind the nickname is that Academy member Margaret Herrick said it looked like her Uncle Oscar.• The name stuck, and now the Academy Awards are known as the Oscars.
The Academy of Motion Picture Arts and Sciences was formed in 1927, and just two years later the organizatio
Frederick M. Brown / Getty ImagesLOS ANGELES (AP) — A family representative says prolific and charismatic actor Bill Paxton, who played an astronaut in "Apollo 13" and a treasure hunter in "Titanic," has died from complications due to surgery.
The family representative issued a statement Sunday on the death. Further details were not provided.
Paxton, a Texas native, got his start in films in the art department on Roger Corman movies in the '70s before getting a chance to go in front of t
BARCELONA, Spain — Modern smartphones are unfathomably complex and impressive devices, but they have one major problem: They're boring.
It's all brushed aluminium and black mirrors, sweeping curves and endless gleaming glass. They're like a miniature model of the City of London in your pocket. There's no heart.
In this hostile chrome landscape, cheap smartphones often stand out — their plastic casing injecting some much-needed variety into the selection available. One of the
Retired Adm. William McRaven, who led the Joint Special Operations Command before becoming University of Texas System Chancellor, condemned President Donald Trump's repeated attacks on the news media and the press during a speech Tuesday.
"The president said the news media is the enemy of the American people," McRaven said in comments at the inaugural event of the Communication and Leadership Speaker Series at the University of Texas. "This sentiment may be the greatest threat
Reuters/Johan NilssonHELSINKI (AP) — Swedish police say at least 15 people have been injured when a fire broke out overnight at one of the country's largest refugee centers outside of Vanersborg in southwestern Sweden.
Police spokesman Tommy Nyman says two people were taken to the hospital to be treated for injuries after jumping out of a second-floor window to escape the blaze and 15 people in all were treated for smoke inhalation.
He said police received the alarm at 4:15 a.m. Sunday a
Business Insider/Jeff DunnWhile BlackBerry proper is no longer making its own hardware, BlackBerry phones aren’t dead for good.
TCL, the Chinese tech firm that picked up the branding rights to the once-leading smartphone maker last year, on Saturday unveiled the BlackBerry KeyOne, a device that aims to win over BlackBerry diehards by slapping the company’s trademark physical keyboard onto a modern Android phone.
We got a sneak peak at CES back when the device was going by
Matthew DeBord/BII spent almost two years researching a new audio setup for my house. By way of background, I don't own any TVs and although we pay for a variety of video-steaming services, I don't watch them all that much (everybody else does, on laptops, tablets, and iPhones).
However, I do listen to a lot of music. Before I moved from Los Angeles a couple of years ago, I had a kind of evolving hybrid old-school/new-school audio setup. At any given time, there was a component hi-fi stereo plu
Antonio Villas-Boas/Business InsiderLG announced its new flagship smartphone, the G6, on Sunday during the Mobile World Conference in Barcelona.
The G6 brings several new features to the G series that finally puts LG's flagship series on par with the competition. To add those new features, LG also had to remove some signature features, but we doubt many people will be too upset.
We had some hands-on time with the G6 at a pre-brief event in NYC. Check out what we thought about LG's latest
YouTubeVans — the California clothing company best known for its action sports apparel — is looking to broaden its appeal to people beyond the skating community.
Its latest ad campaign highlights individuals from a variety of different creative walks of life and represents a departure from its usual skater-focused marketing.
Vans' global brand president Doug Palladini said in an interview with Adweek: "We are no longer just a skateboarding brand. We’ve become a broader l
US Secretary of State Rex Tillerson and Homeland Security Secretary John Kelly visited Mexico this week, where they met with the country's president, Enrique Peña Nieto, and other senior officials.
Mexicans' ire with US President Donald Trump has been inflamed by his hardline stance on issues like immigration and border control, as well as by his administration's inconsistencies on some of those policies.
Kelly and Tillerson's meetings with Mexican officials come
Talking to Siri may be hit or miss, but Apple's iPhone is actually pretty good at understanding what you're saying to it.
In fact, Apple's speech-to-text software can be extremely useful outside of Siri. Users can talk to their phone and have it turn to text for anything that takes text input.
The button to dictate text to speech is prominently displayed on the default iOS keyboard next to the spacebar.
Talking with my colleagues, I was surprised about how fe
Dude, look around. Everyone in the room can totally tell you're high right now. And they're judging you for it. Don't hold your hands in your lap like that, you look bonkers. Quick, do something normal! Put them on your head. Both hands, on your head. Ahhhhh. Much better.
Weed, in case you haven't heard, often makes users super paranoid. The cliche of the freaked-out stoner makes a kind of intuitive sense. Marijuana is a widely banned substance with a strong smell and
Flickr/Alan LightPlatitudes won't help you.
I know, I've tried to implement them all. They're frustrating.
Go for it! Live for today! Stay motivated!
I'm more interested in how we can radically improve our lives.
How can we stay truly motivated? How can we maintain hyper-efficiencies?
How can we stay happy at work?
How can we find true fulfillment by cultivating the most attractive aspects of our personalities?
Here are 10 unexpected things you can do daily to radically
Antonio Villas-Boas/Business InsiderSamsung announced two new tablets during its MWC event in Barcelona, and one of them can run the full version of Windows 10.
The Galaxy Tab S3 is a high-end Android tablet with special features centered around entertainment, and the Galaxy Book series vaguely aims its guns at the Microsoft Surface Pro tablet PCs.
They're nice devices, but we don't know how much they cost yet, so we can't accurately comment on how they compare against other simila
Wikipedia CommonsAs the US starts to forward-deploy more of its F-35 Lightning, China and Russia have been putting the finishing touches on their own batches of fifth-generation aircraft — and they all express vastly different ideas about what the future of air combat will look like.
For the US, stealth and sophisticated networks define its vision for the future of air combat with the F-22 and F-35.
For China, the plan is to use range to take out high-value targets with the J-20.
Thomson ReutersMANILA (Reuters) - Philippine President Rodrigo Duterte's war on drugs had until three weeks ago driven the trade in crystal methamphetamine underground, according to residents and drug users in some of the slum areas of the nation's capital city.
As thousands of users and dealers were shot dead by police and vigilantes in the first seven months after Duterte came to power last June, open dealing in the drug, known here by its street name shabu, largely stopped. Instead, deals we
Tommaso Boddi/Getty ImagesToday, actors have become very proud of going back and forth between roles in movies and television.
But that hasn't always been the case.
For most of Hollywood's history, there has been a pretty deep divide between television actors and movie stars. There was no shame in getting one's start in TV. But once one made the leap to movies, most never looked back.
As Oscar-winner and star of FX's"The People v. O.J. Simpson: American Crime Story," Cuba Gooding, Jr. to
Charley Gallay/Getty ImagesThere has been a lot of speculation around Snap’s imminent IPO, whether the stock price will soar or fall, if the lack of voting power for the issued shares will make a difference, whether someone will come and buy them out even post-IPO, whether they’ll continue to innovate on their core social product or turn into a camera company — a Kodak for millennials of sorts — and dozens of other hypotheses ad nauseam.
I won’t dare to predict wha
Jonathan Ernst/ReutersThe “deep state” is the flavor of the month for conspiracy theorists, the “black helicopters” of 2017.
The idea of career intelligence and military officers and bureaucrats marshaling the institutional power they have spent decades mastering to advance their goals regardless of the whims or wants of elected public officials or the people at large is irresistible, Tom Clancy stuff.
But I’ve seen what there is of a deep state, and let me tell y
Orange Coast College FacebookA California college reversed the decision to suspend one of their students for surreptitiously recording his professor during an anti-Trump rant, The Washington Post reported.
Caleb O’Neil, a freshman business major at Orange Coast College, recorded his human sexuality professor calling Trump's election win a"an act of terrorism."
During the rant, which took place November 15, Olga Perez Stable Cox told her class that "We’re really back to be
A number of Alzheimer's drugs have failed late-stage clinical trials in the past few months
It's prompting researchers and companies to start focusing on treating people when they're pre-symptomatic
Treating the disease once symptoms begin to show up, they argue, might be too late to have any real impact on the disease
Alzheimer's affects nearly 5 million Americans, a number that's expected to balloon to 13.8 million by 2050.
The search for a treatment hasn't been
Thomson ReutersNot long ago, Dr. Copper was sick. Today the doctor is looking a lot healthier.
It’s been a rough few years for copper. Since hitting all-time highs of US$10,250/metric tonne in February 2011, it has suffered nearly 6 years of tumbling prices. As shown in the graph below, copper fell 58 percent from its all-time highs to its lows in January 2016. But in the last year, the industrial metal’s fortunes have begun to reverse. Last year copper was up 17.4 percent, and in 2
Getty, Business InsiderSome of the stars up for Oscars on Sunday night will lose, but they'll still come away with six figures worth of free stuff.
The "swag bag" given to Oscar nominees has become a regular part of the awards for years now. The company Distinctive Assets puts together "Everyone Wins" bags for major nominees in the best actor, best actress, best supporting actor, best supporting actress, and best director categories.
The items for the 2017 Oscar nominees total over $
Thomson ReutersWASHINGTON (Reuters) - The White House on Sunday did not rule out that Attorney General Jeff Sessions may recuse himself from Justice Department investigations into Russian meddling in the 2016 presidential election.
Sarah Huckabee Sanders, a deputy White House press secretary, said congressional investigations of Russian meddling in the 2016 presidential election would have to run their course before Sessions, who was a top campaign adviser to Trump, needed to decide whether to
Columbia PicturesThere's no doubt about it: The Oscars are flawed. Sometimes movies that arguably deserve their due more than another, or movies that simply don't generate enough hype, go unnoticed and unrecognized with nothing more than a pity nomination. Or no nomination at all. We'll see all of that at this year's Oscars, airing on February 26.
Then there are the just terrible movies and performances that somehow manage to snag the envible trophy.
There's a lo
Melia Robinson/Business Insider
If Rubio's is the David to Chipotle's Goliath, David is catching up.
The San Diego-born chain, founded by a college-aged surfer and made famous for its fish taco recipe, rose to fame when it toppled Chipotle to become the top-rated Mexican restaurant chain in America in a 2015 Consumer Reports survey.
Since then, Rubio's has expanded from 163 locations on the West Coast to 206 nationwide, with an East Coast launch planned for 2017. By comparison, Chipotle has o
The INSIDER Summary
• Stars have been spotted on the Oscar red carpet wearing blue ribbons.• The blue ribbons are to support the ACLU, the American Civil Liberties' Union.• Oscar nominees Ruth Negga and Lin Manuel Miranda are among the stars sporting the ribbons.
While Oscar speeches are expected to be political tonight, it turns out even the fashion will be, too.
If you were watching the Oscars red carpet, you might have noticed some stars wearing blue ribbons.
REUTERS/Jonathan ErnstMost people would save money under the tax overhaul proposed by President Donald Trump, according to an analysis of the plan by the Tax Policy Center.
But not everybody.
Using the analysis, Business Insider broke down the financial implications of Trump's most recent tax plan — he has teased the release of an updated plan in the coming weeks — for a variety of tax filers.
By and large, the more you make, the better you would fare under Trump's propo
REUTERS/Chris BerryOn Saturday, former Labor Secretary Tom Perez narrowly won the election to lead the Democratic National Committee.
The election pitted Bernie Sanders' far-left choice of Rep. Keith Ellison, against Perez, who garnered more establishment support.
Both former President Barack Obama and former Vice President Joe Biden threw their support behind Perez. The DNC election took multiple rounds of balloting to name a clear winner.
President Donald Trump sei
APWASHINGTON (AP) — The White House says that when President Donald Trump skips the White House Correspondents' Association dinner, expect him to spend that Saturday night in April "focused on what he can to do to help better America."
The dinner attracts politicians, journalists and celebrities and is typically attended by the president, who's often roasted.
Trump isn't saying why he won't be there. He has railed against "the fake news media," saying it is "the enemy of the American peo
US Navy/Petty Officer 1st Class Daniel HintonSAN DIEGO, Calif. — The former vice chair of the Joint Chiefs warned on Wednesday that Russia and China were going against what he called the "global operating system" of order, rules, and alliances.
"This system is under attack," Adm. James Winnefeld (Ret.) told attendees of the AFCEA West 2017 conference. "They’ve thrown away the rules, and we’re not ready for it."
In his keynote address, Winnefeld outlined the current
Jerod Harris/Getty Images for Dow JonesThe NBA may still be behind the NFL and Major League Baseball in terms of generating revenue, but thanks to skyrocketing TV contracts and smaller rosters, an NBA career can be quite lucrative.
This is especially true for the athletes who played a large chunk of their careers between the late 1990s and the 2011 lockout.
While many of the all-time greats of the past 20 years are among the highest paid of all time, these years also led to some large con
Ebrahim NorooziDUBAI (Reuters) - Iran launched naval drills at the mouth of the Gulf and the Indian Ocean on Sunday, a naval commander said, as tensions with the United States escalated after U.S President Donald Trump put Tehran "on notice".
Since taking office last month, Trump has pledged to get tough with Iran, warning the Islamic Republic after its ballistic missile test on Jan. 29 that it was playing with fire and all U.S. options were on the table.
Iran's annual exercises will be held i
It's been a rough year for veteran MLB pitcher Jake Peavy.
As detailed by ESPN's Jerry Crasnick, Peavy is currently unsigned and waiting to sort out some personal matters before joining a team.
According to Crasnick, last February, Peavy fell victim to a Ponzi scheme orchestrated by a financial investor named Ash Narayan, who took money that was supposed to go into "conservative investments" and funneled it into a failed ticketing business.
The investigation went
A New Understanding
Psychedelic substances like LSD and psilocybin — the active ingredient in magic mushrooms — are powerful, able to transform the way that people who use them perceive the world.
Because of that, after years of prohibition, psychiatric researchers in the US are hoping to take advantage of that power to transform mental health treatment.
And as the new documentary "A New Understanding: The Science of Psilocybin" shows, the results we've seen so far are powerf
Thousands of Russians marched through the center of Moscow on Sunday to honor opposition leader Boris Nemtsov two years after he was gunned down near the Kremlin walls, and to call for further investigations into his killing.
The 55-year-old Nemtsov, a former deputy prime minister and prominent critic of President Vladimir Putin, was shot dead on a bridge near the Kremlin late in the evening of Feb. 27, 2015, as he walked home with his girlfriend from a restaurant.
US Navy photo.The father of William "Ryan" Owens, the Navy SEAL Team 6 member who was the first US combat death during US President Donald Trump's presidency in January, urged the Trump administration to not "hide behind my son's death" and provide answers.
In an interview with the Miami Herald, Bill Owens, also a Navy veteran, called for an investigation into the raid that left his son, an eight-year-old girl, and as many as 29 civilians dead.
US military sources told Reuters
During the depths of the Great Recession, Donald Trump counted among his many income sources a side gig as a pitchman for ACN Inc., a company whose “members” sold newfangled videophones and other products.
“Trust me, it’s changing everything,” he promised in a 2009 promotional video shown to eager crowds of recruits, many of whom would fork over nearly $500 to sell ACN phones in hopes they could sign up more would-be entrepreneurs to do the same.
In the United States, Volkswagen has a major problem that goes beyond its emissions-cheating scandal. As Business Insider's Ben Zhang has noted, VW is struggling to sell to Americans.
"Through November, the Volkswagen brand managed to move just 286,000 cars — down 10% over last year while representing a minuscule 1.8% share of the US auto market," he recently reported. "All the while in Europe and Asia, VW is one of the most competitive brands in the market."
The solution is SUVs. But
WeWorkJapan's SoftBank Group Corp is close to finalizing an investment in U.S. office-sharing startup WeWork in a deal expected to be worth over $3 billion, CNBC reported on Sunday.
The investment under discussion is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion, CNBC reported, citing a source.
SoftBank may increase the size of the secondary investment to nearly $2 billion for a total investment of nearly $4 billion, CNBC added.
One person f
Associated PressOn February 13 in a Malaysian airport, authorities say, two women sprayed poison on Kim Jong-nam — the exiled half-brother of North Korea's ruler, Kim Jong Un — leading to Jong-nam's death.
South Korean and US officials believe North Korean agents assassinated Jong-nam, according to Reuters, and on Friday, Malaysian police said they'd found VX nerve gas on his eyes and face.
"VX is the most toxic substance known — 10 milligrams of the oily liquid on your skin,
Republican Rep. Leonard Lance faced a raucous, record town-hall crowd in his New Jersey district this week, where he was constantly told that he needed to "do your job."
He said forcing President Donald Trump to turn over tax returns would be an "overreach from Congress" and that he didn't like Congress going after the "returns of a private individual." A constituent then yelled back: "He’s the president! He’s a public individual!"
He faced four questions on Russian interf
Get fit. Stay fit. Easy goals to set, but they're hard to achieve.
At least part of the reason for that is that the science on fitness and dieting has changed over time. People who read about fitness in the '70s heard different information than those who read about fitness in the '90s. And the scientific consensus in the '90s was based on less complete information than researchers have today.
But those old ideas stick around, and sometimes bad new ideas — only supported by one o
Mario Tama/Getty Images
The election of Donald Trump has had reverberations around corporate America.
The president has a profound influence on the way companies do business and their bottom line. He is also prone to mentioning specific companies in Tweets and campaign speeches, sending share prices up or down in the process.
We used Sentieo, an equity-research platform, to search recent company-earning calls for mentions of Trump and the new administration.
Scroll through below to
Under the border adjusted tax (BAT) plan, imports will be penalized and exports rewarded… which theoretically, in a perfect world without pushback, would leave our economy nicely balanced and undisrupted.
But I doubt it will happen that way, because the importers and exporters are not the same businesses. I’ve written extensively about this topic in my three part series, "Tax Reform: The Good, the Bad, and the Really Ugly" in Thoughts from the Frontline. (subscribe here for free.
REUTERS/BeawihartaNEW YORK (AP) — Samsung's product showcase Sunday is notable for what's missing: a new flagship phone.
Instead, Samsung is spotlighting new Android and Windows tablets after delaying the Galaxy S8 smartphone — an indirect casualty of the unprecedented September recall of the fire-prone Note 7 phone . The new tablets will carry the Galaxy brand and come with many of the Note 7's features, including the S Pen stylus and screens with rich colors.
Consumers will have
LinkedIn screenshotA former Citadel money manager is gearing up for one of this year's biggest hedge fund launches.
Brandon Haley's Holocene Advisors is planning to launch with about $1 billion on April 3, according to people familiar with the situation.
The hedge fund firm is in capital-raising mode, with Haley appearing at a Goldman Sachs emerging managers' conference in Florida earlier this month, according to attendees.
Haley is expected to make a significant investment in the fund with h
"Becoming Warren Buffett"/HBO
Warren Buffett may have an estimated net worth of around $76 billion, but the Omaha headquarters of his conglomerate Berkshire Hathaway are simple and sparse.
In the hallway leading to Buffett's office are hung some fun photos of himself and his team, as well as some corporate swag from some of his investments, like the Coca-Cola Company.
There are also the framed front pages of seven newspapers from infamous days in Wall Street history.
They're a way to keep Bu
AP Photo/Geert Vanden Wijngaert
First came the executive order. Then came the tweets from CEOs.
On January 27, President Donald Trump signed an executive order barring refugees and immigrants from seven predominantly Muslim countries from entering the US.
Before the day was over, Facebook's CEO had published a post denouncing the order. By the end of the weekend, Starbucks' CEO had outlined plans to hire 10,000 refugees. And, within a week, Uber's CEO had quit Trump's economic team as thousan
REUTERS/Neil Hall Investors often ask us which of the two primary bond market risks—interest rate or credit—they should focus on in 2017. Our answer? Both of them—and the interaction between the two.
Fixed-income investors know, of course, that they must manage both types of risk. And both pay off over time, because investors who take more risk are compensated with higher returns.
But usually, the two types of risks don’t pay at the same time. After the global financial
Samsung's next major smartphone is coming in a little over a month.
On Sunday the company sent invitations to the press for an event in New York City where it will announce the Galaxy S8, its first major product since the Galaxy Note 7 debacle last year. The event takes place Wednesday, March 29.
Here's a look at the invitation, which teases the new phone:
There's a lot of pressure on Samsung to nail the Galaxy S8 launch following the embarrassing Galaxy Note