businessinsider.com
Most recent 25 articles
'This doesn't sound right': Mastercard's CEO ditched Facebook's Libra after multiple red flags
Mastercard's CEO withdrew from Facebook's Libra over concerns about compliance, making money, and wallets, he told the Financial Times.
Ajay Banga dropped out because Libra's leaders wouldn't commit to observing laws, he couldn't see how the digital currency would make money, and he was sh…
Jared Kushner reportedly used WhatsApp to talk to Mohammed bin Salman - Business Insider
The late House Oversight Committee Chairman Elijah Cummings made Lowell's admission public in a March 2019 letter alleging that Kushner may have broken federal records laws. Democratic lawmakers and cybersecurity experts have criticized Kushner's use of WhatsApp
Bezos' ow…
Trump not convincing GOP voters to oppose impeachment witnesses: poll - Business Insider
House Speaker Nancy Pelosi delayed transmitting the articles of impeachment to the Senate for a month, freezing the process while she and Senate Majority Leader Mitch McConnell duked it out over the terms of the trial. Pelosi's central ask is that McConnell allows a vote on whether to call …
SpaceX's 'UFO on a stick' may turn Starlink customers into key assets - Business Insider
With anticipation building over Starlink's debut, company founder Elon Musk explained how future subscribers will connect to the service using a device called a phased-array antenna, which he said in 2015 should cost around $200 each. (Though some industry analysts say such devices today co…
Trump officials struggle to defend plan to attack Iran cultural sites - Business Insider
President Donald Trump announced on Twitter over the weekend that if Iran retaliated against the US for assassinating its top military general, Qassem Soleimani, the US would respond by attacking 52 Iranian sites, including cultural ones, "VERY FAST AND VERY HARD."
"They're allowed …
Australia investigates claims of Chinese spy influence in parliament - Business Insider
The program also aired an interview with Wang "William" Leqiang, a 27-year-old man claiming to be a Chinese spy who is now seeking political refuge in Australia. Wang told "60 Minutes" that Beijing spies operate in Australia and have tried to influence politics.
"Australians can be reas…
Facebook missed out on buying up half of TikTok, now it says it's a threat to democracy - Business Insider
Three sources familiar with the talks told BuzzFeed's Ryan Mac that Facebook spent the second half of 2016 trying to buy the Shanghai-headquartered Musical.ly in an attempt to break into the Chinese market. These sources said the talks were "serious" but never came to fruition, with Faceboo…
Mark Zuckerberg defends political ads after Twitter bans them - Business Insider
On Wednesday afternoon, Dorsey announced that his social network is banning all political ads, an area of online advertising that is growing increasingly controversial amid rules from tech companies that allow politicians to pay to spread deliberate lies.
The Twitter chief executive sai…
NatSec officials: Trump gave away US tactics detailing al-Baghdadi raid - Business Insider
Trump mapped out part of the dangerous route taken by the airborne special forces to the terrorist's hideout in northwestern Syria. He said the aircraft traveled "very low and very fast," took an hour and 10 minutes, crossed territory held by Russia, and encountered enemy fire. The team, he…
Democrats just dropped a big hint that they have everything they need to impeach Trump - Business Insider
Democratic Rep. Adam Schiff said he viewed the White House's stonewalling and refusal to allow witnesses to comply with congressional subpoenas as potential evidence of Trump's guilt. "If this witness had something to say that would be helpful to the White House, they would want him to…
House Republicans stormed a closed-door impeachment hearing - Business Insider
About 30 House Republicans, headed by Rep. Matt Gaetz, forced their way into the hearing as Laura Cooper, the deputy assistant secretary of defense for Russia, Ukraine and Eurasia, was providing private testimony as part of the impeachment inquiry inside the House Intelligence Committee's S…
Asked to take hour a day moderating Facebook, Mark Zuckerberg declines - Business Insider
"You've got about 15,000 contractors watching murders, stabbings, suicides, other gruesome, disgusting videos, for content moderation, correct?" Rep. Katie Porter of California asked Zuckerberg on Wednesday during a hearing by the House Financial Services Committee. "Yes, that is correct," …
Elizabeth Warren says she won't take big money from tech executives - Business Insider
As part of a campaign push to "clean up the corruption in our elections," Warren said she won't take campaign donations of more than $200 from executives of tech companies like Google and Facebook, or from finance executives. Warren has previously vowed not to take contributions of more tha…
Blizzard cancels Nintendo store event amid Hong Kong controversy - Business Insider
Blizzard has been facing calls for boycotts and protests following the company's decision to punish "Hearthstone" player Ng Wai Chung, better known as Blitzchung. Blitzchung called for the liberation of Hong Kong during a post-match interview at a Blizzard-sponsored event on October 5.
…Trump told China he'd stay quiet on Hong Kong for trade progress: CNN
In a June phone call with Chinese President Xi Jinping, Trump mentioned the political prospects of his Democratic rivals, former Vice President Joe Biden and Sen. Elizabeth Warren, and also promised to stay quiet the Hong Kong protests as long as trade talks progressed, CNN reported on Thursday,…
How WeWork went from $47 billion valuation to bankruptcy talk in 6 weeks
At 7:12 on a mild late-summer morning in New York City, WeWork's registration papers hit the Securities and Exchange Commission's website. The filing, called an S-1, was expected. It was a crucial step in what up to that point had been an exquisitely choreographed march toward an initi…
Boris Johnson tells MPs to back Brexit to stop getting death threats
The prime minister used his first appearance in the House of Commons since the Supreme Court ruled that his decision to shut down Parliament was illegal, to accuse his opponents of signing up to a "surrender bill" compelling the United Kingdom to delay Brexit.
Pushed by Cox's succes…
Thomas Cook airline and travel bankruptcy strands 600,000
The travel company operates its own airline, with a fleet of nearly 50 medium- and long-range jets, and owns several smaller airlines and subsidiaries, including the German carrier Condor. Thomas Cook still had several flights in the air as of Sunday night but was expected to cease operations on…
Mitt Romney: Trump call with Ukraine president on Biden 'troubling'
A phone call between President Donald Trump and Ukraine's new leader, Volodymyr Zelensky, in which Trump is believed to have pushed Zelensky to investigate the Democratic presidential candidate Joe Biden's son, has been building into a political firestorm.
With those words, Romney, the…
Around 4,500 truck drivers lost their jobs in August as the trucking 'bloodbath' rages on
Truck drivers like Chad Boblett, a Lexington, Kentucky-based owner-operator, said 2019 has been a "bloodbath." Rates in the spot market, where loads are moved on demand rather than being facilitated through a contract, are down 15% from last year, when truckers reaped historic profits.
White House picture shows Trump being told Alabama not in Dorian path
An image on the White House's Flickr account showed President Donald Trump being presented with Dorian's likely path, and Alabama wasn't in it.
Does the US have the world's cleanest air? No, it's getting dirtier.
This isn't the first time that Trump has falsely touted America's air as number one — he tweeted a similar statement in October 2018, along with a map from a World Health Organization report. The statement was not true then, and it definitely isn't now.
In terms of PM 2.5 pollution — a…
Amazon reportedly kept a burn book of negative press around NYC HQ2
In a move that Regina George would appreciate, Amazon reportedly kept a "burn book" of all the negative things politicians, union leaders, and other prominent New York City political operatives said publicly amid negotiations for Amazon to build a second headquarters ("HQ2").
The Wall …
Google Cloud is shutting down Hire, the recruiting service that its former CEO Diane Greene helped create
Hire by Google — which helped small to medium-sized business manage their interview processes and candidate pipelines — fell internally under the company's Cloud division. Part of the "difficult decision" to shutter the product, the company said, was to focus its resources on "other products in …
NYU professor Scott Galloway calls WeWork 'WeWTF,' slams bankers
I've started nine firms and I'm, generously, 3-4-2 (win-lose-tie). In retrospect, and I think about this a lot, the only reliable forward-looking indicator of our firm's success or failure was … timing. Specifically, the part of the economic cycle at founding.
The firms we started in re…