Business News

Uber insiders describe questionable decisions before its self-driving car killed a pedestrian

At 9:58 p.m. on a nearly moonless Sunday night, 49-year-old Elaine Herzberg stepped into a busy section of Mill Road in Tempe, Arizona, pushing her pink bicycle. A few seconds later, one of Uber's self-driving Volvo SUVs ran into her at 39 MPH and killed her. Inside the car, Rafaela Vasquez was working alone, as…

Pilots working for airlines that transport packages for Amazon are not happy — and...

Pilots working for the group of airlines responsible for making Amazon Air deliveries aren't happy, a recent union survey found. And a lot of them are considering leaving the airlines that Amazon Air relies on, according to a recent survey from the Teamsters Local 1224 union of the Airline Professionals Association. The survey, which wrapped…

MORGAN STANLEY: The stock market as we know it has been flipped completely upside...

For much of the almost 10-year bull market, stock investors got excited during times of weakness. That's because any sort of sell-off provided them with an opportunity to buy more exposure at a discounted price. It was a strategy called "buying the dip," and it worked swimmingly for years. That's largely because the market's underlying…

We visited a David’s Bridal store just before the company filed for bankruptcy. Here’s...

David's Bridal has filed for Chapter 11 bankruptcy protection, it said in a press release on Monday. The new deal will allow the wedding dress chain to reduce its $760 million debt load by $400 million and continue to operate business as usual. According to the company, it has no plans to close its stores…

The Nasdaq is headed for its lowest close in 6 months as FAANG stocks...

Thomson Reuters Stocks fell Monday, dragged lower by mega-cap technology companies, as Wall Street worried about global growth and trade tensions amid a quiet week for economic data. The tech-heavy Nasdaq 100 index plummeted more than 2.5%. It's on pace for its lowest close since the beginning of May, having fallen almost 13% since reaching…

JD.com shares tank after missing on revenue as China’s economic growth slows (JD)

Bobby Yip/Reuters JD.com beat profit estimates, but missed on sales. Its quarterly revenue growth was the slowest since it went public in 2014, in the wake of China's slowing economic growth. Shares are sliding following the announcement. Watch JD.com trade live here. Shares of JD.com plunged as much as 4% before Monday's opening bell after the company posted…

The Kia Stinger is Business Insider’s 2018 Car of the Year

In 1993, Kia arrived in America with its compact Sephia sedan and soon followed with the Sportage compact SUV. The cars were simple, affordable, and utterly underwhelming. Over the next quarter century, Kia and its corporate cousin Hyundai have not only steadily improved their product offerings but also worked to chip away at any negative…

Inside the rise of Goldman Sachs’ trading platform, and the battle for control of...

Goldman Sachs had a problem. It was early 2017, and Marquee, a trading and risk-management platform in which the firm had invested millions with the hopes of turning it into its next big business, was struggling to gain momentum. The platform was going to be Goldman's answer to a finance industry hamstrung by post-crisis regulations.…

David’s Bridal has filed for bankruptcy but says its stores will stay open and...

The wedding-gown retailer David's Bridal filed for Chapter 11 bankruptcy protection early Monday morning. The new deal is intended to enable it to reduce its $760 million debt load by $400 million and to continue to operate business as usual. The company says that it has no plans to close its 300 stores or to…

10 things you need to know before the opening bell

Here is what you need to know. Renault CEO Carlos Ghosn faces arrest in Japan as Nissan ousts him over financial misconduct. Nissan accused Ghosn and another board member of misrepresenting salaries "over many years" and Ghosn of using company assets for personal use. Apple CEO Tim Cook defends taking billions of dollars from Google…

MOST COMMENTED

Car buying red flags: 5 signs you need to walk away...

CLOSE These warning signs should scream danger and prompt you to walk out of the dealership without that new car. USA TODAY New cars sit in a lot at the Auto Warehousing Company near the Port of Richmond on May 24, 2018 in Richmond, California. (Photo by Justin Sullivan/Getty Images) ORG XMIT: 775169176 ORIG FILE…

HOT NEWS