A wealth manager for the ultra rich explains why he’s advising clients to avoid stocks — and reveals where they should put their money instead

A wealth manager for the ultra rich explains why he’s advising clients to avoid...

A top private wealth adviser is telling investors to hold on to their cash in 2019, saying it doesn't make sense that stocks have skyrocketed as profit forecasts have dimmed. "The rate of change is in the wrong direction for explosive stock market growth," Garrett Roche, the lead private wealth adviser, investment portfolio strategist, and…
Sen. Warner blasts Google for hidden Nest microphone:  Federal agencies and Congress ‘must have hearings to shine a light on the dark underbelly of the digital economy’

Sen. Warner blasts Google for hidden Nest microphone: Federal agencies and Congress ‘must...

On Tuesday, Google apologized for not disclosing to consumers that its Nest security system — specifically, its Nest Guard device — contains a microphone that, when enabled, can listen to users' voices and sync with its Assistant product. Now, Virginia Sen. Mark Warner, the vice chairman of the Senate Intelligence Committee, wants answers. "This is…
Walmart is quietly taking charge of its rail operations — and it could cut serious transportation costs as the country’s largest retailer seeks to boost e-commerce profits

Walmart is quietly taking charge of its rail operations — and it could cut...

Usually, the companies printed on cargo containers aren't household names — it's more typical to see companies like CSX, BNSF, and so on printed on freight trains as they whoosh by. There's a much more recognizable brand that's making its own push into intermodal (or train) containers, though: Walmart. Since the summer of 2018, the…
MORGAN STANLEY: Delusional currency investors are making a huge mistake that could blow up in their faces — but these trades could save the day

MORGAN STANLEY: Delusional currency investors are making a huge mistake that could blow up...

If you're investing in foreign currencies and feeling good, a top strategist for Morgan Stanley says you might be missing a potentially damaging trend bubbling under the market's surface. Hans Redeker, the head of global foreign-exchange strategy for Morgan Stanley Investment Management, says investors have started acting as if market liquidity is on the upswing…
Mueller’s findings in the Russia probe could reportedly be delivered as soon as next week

Mueller’s findings in the Russia probe could reportedly be delivered as soon as next...

Attorney General William Barr is gearing up to announce the end of the special counsel Robert Mueller's Russia investigation as soon as next week, CNN reported. Barr is also said to be planning to submit a summary of Mueller's findings in the investigation soon after. Barr was confirmed as attorney general last week. Before he…
There are more people older than 65 than younger than 5 for the first time – here’s how that’s changing the world

There are more people older than 65 than younger than 5 for the first...

Koki Nagahama/Getty Images The world's population is aging while many countries' birth rates fail to keep up. There are now more people over the age of 65 than there are under the age of five - a dispersion that's never occurred before, according to Deutsche Bank. The data point is part of a broader trend with…
Cannabis producer Tilray is making a big bet on the world’s largest hemp food company (TLRY)

Cannabis producer Tilray is making a big bet on the world’s largest hemp food...

FREDERIC J. BROWN/AFP/Getty Images Tilray announced Wednesday that will acquire Manitoba Harvest, the world's largest hemp food company, in a cash and stock deal. Tilray will pay 419 million Canadian dollars ($318 million). Tilray began trading on the Nasdaq in July, becoming the first cannabis company to have an initial public offering in the US.…
We asked 8 Wall Street recruiters about the hottest trends in hiring across banking, trading, hedge funds, and asset management

We asked 8 Wall Street recruiters about the hottest trends in hiring across banking,...

Wall Street bonuses for 2018 have been announced or hit the bank by now. That means means it's moving season for the industry's bankers, traders, and portfolio managers. Business Insider spoke with headhunters who work with the top firms and candidates in the industry to find out what's driving hiring in 2019. Some things haven't…
Elon Musk doubled down on a bold claim he made about how quickly Tesla vehicles will be able to drive themselves

Elon Musk doubled down on a bold claim he made about how quickly Tesla...

Tesla CEO Elon Musk said he is "certain" that Tesla vehicles will be able to operate without any driver intervention by the end of this year, pending regulatory approval, during an interview with ARK Invest. "I think we will be feature-complete full self-driving this year, meaning the car will be able to find you in…
Bernie Sanders raked in more than $4 million in donations hours after announcing his 2020 presidential bid

Bernie Sanders raked in more than $4 million in donations hours after announcing his...

Ten hours after announcing he would run in the 2020 US presidential election, Sen. Bernie Sanders of Vermont raised more than $4 million from nearly 150,000 individual donors, the campaign said in an email on Tuesday. Faiz Shakir, Sanders' campaign manager, could not confirm the exact dollar figure on Tuesday afternoon but said in an…

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