Plum: London fintech raises $10m in VC funding during COVID-19

By |2020-07-22T08:31:36+00:00July 22nd, 2020|Business|

Premium Victor Trokoudes, CEO & cofounder of Plum Plum This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. London-based fintech startup Plum has raised $10 million in fresh VC funding amid a boom in its services during coronavirus. Founded in 2017, the financial management app raised funds from Global…

Portland: Senator Wyden says Trump will deploy federal agents elsewhere

By |2020-07-22T08:31:35+00:00July 22nd, 2020|Business|

Federal officers operate amid tear gas while clearing the street in front of the Mark O. Hatfield U.S. Courthouse on July 21, 2020 in Portland, Oregon. Paula Bronstein/Getty Images US Senator Ron Wyden told Business Insider that President Trump will likely deploy federal troops in liberal jurisdictions around the country, not just Portland."You bet that…

‘I wish her well’: Trump on sex trafficking suspect Ghislaine Maxwell

By |2020-07-21T23:30:13+00:00July 21st, 2020|Business|

During Tuesday's coronavirus briefing, President Donald Trump sent his well-wishes to Ghislaine Maxwell, who was recently arrested on charges related to child sex trafficking.Trump was asked if he thought powerful men would be exposed as part of the high-profile case."I don't know. I haven't really been following it too much," Trump said."I just wish her…

Just 40% of US cruise ships have tested crews for coronavirus: CDC

By |2020-07-21T23:30:12+00:00July 21st, 2020|Business|

Many customers are wondering when cruises are coming back.But a new CDC report flashes warning signs for how cruises are handling the coronavirus pandemic today.Just 20 of the 49 ships that have operated in US waters since April 15 tested crew members on board, the study said.Visit Business Insider's homepage for more stories. A new…

Complex Networks insiders says sales team ‘whitewashed’ ad deals

By |2020-07-21T14:28:25+00:00July 21st, 2020|Business|

The sneaker and hip hop-focused Complex Networks has been in the spotlight since some former employees cited microaggressions and unfair treatment of Black staffers.Several former employees told Business Insider that a predominantly white ad sales team at times downplayed the company's Black audience in sales pitches.Complex Networks said July 20 that it was bringing in…

China used Uighur labor to make PPE, including US exports: NYT

By |2020-07-21T14:28:24+00:00July 21st, 2020|Business|

China used the labor of persecuted Uighur people to make personal protective equipment (PPE) that was then exported to the US and other countries, a new New York Times report found.Many Chinese factories use a work program to recruit Uighur employees, The Times reported, which experts say is forced labor.China has detained at least one…

DHS chief claims he has authority to deploy Feds to shut down protests

By |2020-07-21T06:28:36+00:00July 21st, 2020|Business|

Acting secretary Chad Wolf emphasized that the Department of Homeland Security had the authority to provide security for federal buildings in any state amid the ongoing protests.State leaders have condemned the deployment of federal agents to quell the protests, setting up a looming legal showdown over states' rights and federal overreach."We're going to do that,…

Twitter reels from colossal hack as new details surface

By |2020-07-21T06:28:35+00:00July 21st, 2020|Business|

Twitter is still piecing together information about a massive hack last week that compromised 130 accounts and ground the site to a halt for hours.The hack's unprecedented scope initially gave rise to theories that it was carried out by a sophisticated nation-state actor, but it now appears it was conducted by young, less-experienced hackers.New details…

Stage specialist VC firms might lose to behemoths like Sequoia

By |2020-07-20T22:26:46+00:00July 20th, 2020|Business|

Megan Rose Dickey, TechCrunch Reporter and Roelof Botha, Partner of Sequoia Capital attend the TechCrunch 10th Annual Crunchies Awards on February 6, 2017 in San Francisco, California. Steve Jennings / Stringer /Getty Images This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. A war is brewing between behemoth…

Verily’s goal to beat the pandemic pushes some employees to the edge

By |2020-07-20T22:26:45+00:00July 20th, 2020|Business|

This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. In early March, Verily Life Sciences, one of Alphabet's biotech arms, announced it would turn its attention to fighting the pandemic.Internally, it was called "Code Red."Many employees were already unhappy with the way the company was being run. When…

AstraZeneca, Oxford coronavirus vaccine led to human immune responses

By |2020-07-20T14:26:42+00:00July 20th, 2020|Business|

Another leading coronavirus vaccine candidate was able to generate immune responses in healthy volunteers, according to results published Monday. It's the first look at human data for AstraZeneca's vaccine candidate, which was originally developed by University of Oxford scientists. The early data, published in The Lancet, showed the results of 543 vaccinated volunteers.It's still not clear what level…

What happens if $600 unemployment boost runs out for jobless Americans in 7 days

By |2020-07-20T14:26:41+00:00July 20th, 2020|Business|

Around 33 million people on unemployment could see up to 75% of their income vanish by the end of the month if Congress phases out $600 boosted federal unemployment payments with no replacement. "It's prevented families from having to make financial sacrifices in the midst of a great deal of economic and public health uncertainty," the…

Trump defended ‘authoritarian tactics’ alleged by Portland lawmakers

By |2020-07-20T06:27:36+00:00July 20th, 2020|Business|

President Donald Trump defended deploying federal agents to Portland, Oregon, as trying to help take "control of the anarchists and agitators."Oregon Public Broadcasting reported last week that federal law enforcement officers had arrived in the city in unmarked vehicles and detained protesters with no explanation as to why they were being arrested.Trump's administration has defended…

Trump: Fauci ‘bit of an alarmist’ as coronavirus cases rise in US

By |2020-07-20T06:27:35+00:00July 20th, 2020|Business|

President Donald Trump called top US infectious disease expert Dr. Anthony Fauci "a little bit of an alarmist" in his response to the coronavirus outbreaks in the US.Fauci, who also serves on the White House coronavirus task force, said the development of the coronavirus pandemic has turned into his "worst nightmare."Trump said Fauci, like other…

DeWine warns Ohio ‘could become Florida’ as cases rise

By |2020-07-19T21:29:35+00:00July 19th, 2020|Business|

Ohio Gov. Mike DeWine said he hasn't ruled out a statewide mask mandate as he said his state was "headed in the wrong direction." Meet The Press Ohio Gov. Mike DeWine during an appearance on NBC's "Meet the Press" Sunday warned that his state "could become Florida," a current COVID-19 epicenter in the US.DeWine, who…

Los Angeles mayor says city is ‘on the brink’ of declaring another stay-at-home order

By |2020-07-19T21:29:34+00:00July 19th, 2020|Business|

LA Mayor Eric Garcetti said that the city is "on the brink" of another stay-at-home order on Sunday.During an appearance on CNN, Garcetti criticized a lack of national leadership on stopping COVID-19.Last week, Los Angeles County broke its record for a single day, with more than 4,500 new coronavirus cases on Thursday.Visit Business Insider's homepage…

Iran could flood the market with millions of barrels of oil if Joe Biden becomes president, one of Wall Street’s top analysts says

By |2020-07-19T13:27:36+00:00July 19th, 2020|Business|

The oil market is not considering the threat of a Joe Biden victory in the US election, a renowned oil analyst warned this week.  RBC Capital Markets' Helima Croft told Business Insider that a Biden victory could lead to the renegotiation of the Iran Nuclear Deal, which could in turn see Iran up international oil…

President Trump’s niece Mary Trump taunted her uncle on Twitter by boasting about higher TV ratings

By |2020-07-19T13:27:35+00:00July 19th, 2020|Business|

President Trump's niece, Mary Trump, taunted her uncle by boasting about how her recent MSNBC interview got more views than his last Fox News interview in June."5.23 million v. 5.11 million," Mary Trump tweeted on Friday night, with a thoughtful emoji.She also added the hashtag "#seldomseen" — a reference to an attack made by the…

Oregon sues feds over agents grabbing people off streets

By |2020-07-19T05:27:40+00:00July 19th, 2020|Business|

Oregon officials are suing to stop federal agents from "unlawfully detaining" people in Portland.The lawsuit said unidentified federal agents have grabbed people off Portland's streets "without warning or explanation, without a warrant, and without providing any way to determine who is directing this action."The arrests come amid weeks of nightly protests, and the agents have…

WHO recorded the 2nd daily record for new coronavirus cases in row

By |2020-07-19T05:27:39+00:00July 19th, 2020|Business|

The World Health Organization on Saturday reported a second single-day record of new confirmed coronavirus cases.The organization announced 259,848 new cases on Saturday after recording more than 237,000 confirmed cases on Friday identified around the world.  A database by The New York Times said the US shattered its single-day record for new cases on July 16…

Even Kanye West can’t save Gap, UBS says in brutal report on the retailer’s Yeezy deal

By |2020-07-18T21:28:20+00:00July 18th, 2020|Business|

Dimitrios Kambouris / Getty Images This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. Gap Inc.'s shares soared as much as 42% after the company announced a 10-year deal with Kanye West to design a Yeezy line of clothing for Gap's stores and website. But UBS said Friday that…

COVID-19, coronavirus pandemic changed 2020 election and elections forever

By |2020-07-18T21:28:19+00:00July 18th, 2020|Business|

Coronavirus pandemic measures such as social distancing have completely changed what political campaigns look like in 2020.Campaigns will have to adapt to and embrace the notion of impacting voters via technologyCampaigns have to come up with meaningful ways to reach voters virtually — not just with Facebook posts or tweets — in order to be…

Bio: Bill Stepien, new Trump campaign manager and former Christie aide

By |2020-07-18T13:26:54+00:00July 18th, 2020|Business|

Bill Stepien was named President Trump's new campaign manager on Wednesday, replacing his old boss Brad Parscale.This shift comes after the release of new poll numbers showing former Vice President Joe Biden in a doubt-digit lead over Trump. Stepien was first brought onto the Trump campaign in 2016, two years after he was fired by New…

Twitter: 8 accounts had all their data downloaded in giant hack

By |2020-07-18T13:26:53+00:00July 18th, 2020|Business|

Twitter gave an update late on Friday on its investigation into the highly visible hack of dozens of verified accounts on Wednesday.Twitter said 130 accounts were targeted, of which 45 had their passwords reset and tweets sent by the hackers.Up to eight accounts also had their data fully downloaded by the hackers. None were Verified…

Georgia congressman and civil rights icon John Lewis has died at age 80

By |2020-07-18T05:27:36+00:00July 18th, 2020|Business|

Rep. John Lewis of Georgia died late Friday at the age of 80, according to multiple reports.Lewis was a decorated US civil rights icon. He was the last surviving speaker of the March on Washington and one of the original Freedom Riders.He rose to national prominence after leading more than 600 peaceful demonstrators across the…

American Board of Surgery online testing plan fails

By |2020-07-18T05:27:35+00:00July 18th, 2020|Business|

An exam taken by surgeons in the US saw its online system fail Thursday, leaving more than 1,000 aspiring surgeons in the dark on when — or if — they will take the test.The test is a critical and costly part of transitioning from medical resident to a board-certified surgeon. The American Board of Surgery runs…

Trump judges clear the way for resumed federal executions

By |2020-07-17T13:27:03+00:00July 17th, 2020|Business|

Two federal death row inmates have been executed this week, the first time that's happened in 17 years. Another is expected to be put to death on Friday.The sudden policy shift came after four of President Trump's judicial appointees played pivotal roles on decisions clearing the way for the Justice Department to resume federal executions.More…

Government report says students should go back to school

By |2020-07-17T13:27:02+00:00July 17th, 2020|Business|

A new report provides guidance on how schools can reopen as safely as possible but one of its authors thinks the US has 'failed children.' izusek/Getty Images The National Academies of Sciences, Engineering, and Medicine released its guidance on reopening schools on Wednesday.A committee member behind the report told NPR that the guidance comes after…

15 women accuse top Washington Redskins executives of sexual harassment in bombshell report

By |2020-07-17T04:28:18+00:00July 17th, 2020|Business|

The Washington Post published a report on Thursday in which employees of the Washington Redskins accused the team of having a culture of sexual harassment and verbal abuse towards female employees.Fifteen women accused top executives of sexual harassment and verbal abuse committed by members of the organization, including some of the leaders of the team's…

Gokada tech CEO Fahim Saleh was proud of his family and success

By |2020-07-17T04:28:17+00:00July 17th, 2020|Business|

Fahim Saleh was found dismembered in his New York apartment on July 14. REUTERS/Temilade Adelaja Fahim Saleh, a 33-year-old entrepreneur, was found dismembered at his Manhattan apartment this week. A founder of ride-share and delivery technology, Saleh had a mission to bring jobs and opportunity to developing country. Saleh's social media gives the world an inside look…

Black social worker sues American Airlines over kidnapping allegation

By |2020-07-16T20:26:59+00:00July 16th, 2020|Business|

An American Airlines Boeing 737 Max jet at Miami International Airport in March 2019. Joe Raedle/Getty Images A Black social worker is suing American Airlines, alleging that airline employees accused her of kidnapping the white toddler she was accompanying.The social worker, Shannon Murphy, said that she had a court order, the child's birth certificate, and…

Wyden calls out Twitter for not encrypting private messages

By |2020-07-16T20:26:58+00:00July 16th, 2020|Business|

Sen. Ron Wyden said that Jack Dorsey told him in 2018 that Twitter was working on encrypted private messages, the senator said in a statement to Business Insider."It has been nearly two years since our meeting, and Twitter DMs are still not encrypted, leaving them vulnerable to employees who abuse their internal access to the…

Twitter stock dives in pre-market after a widespread hack took control of major celebrities’ accounts including Bill Gates, Elon Musk, and Warren Buffett

By |2020-07-16T12:27:25+00:00July 16th, 2020|Business|

SOPA Images/Getty Twitter stock plummeted 7% in pre-market trading on Thursday after it was hit with a massive blue-tick hack as many verified accounts reported being unable to tweet. The company said a "coordinated social engineering attack" had "successfully targeted" some employees who enabled access to hackers to its internal tools. High-profile users such as…

Global stocks tumble as investors weigh Chinese GDP data, which beats estimates but ‘flatters to deceive’

By |2020-07-16T12:27:24+00:00July 16th, 2020|Business|

VCG/Getty Global stocks plummeted on Thursday as China released mixed data that showed some growth, but its retail sales failed to climb into positive territory.China's benchmark Sh…

Trump demotes Brad Parscale, brings on Bill Stepien as new campaign manager

By |2020-07-16T03:31:25+00:00July 16th, 2020|Business|

President Donald Trump on Wednesday night announced the demotion of his current campaign manager, Brad Parscale. Bill Stepien takes over in the top slot, though Insider reported in May that he'd effectively seized the campaign manager job after Trump suffered through several months of sliding in the polls.Parscale will remain in the Trump campaign as a…

Hackers take over Apple, Obama, Bezos Twitter accounts for bitcoin scam

By |2020-07-16T03:31:24+00:00July 16th, 2020|Business|

Twitter Hackers took over dozens of high-profile Twitter accounts Wednesday and used them to post messages urging people to send thousands of dollars in bitcoin.The scam began when several high-profile cryptocurrency Twitter accounts were compromised and posted malicious links.Dozens of high-profile verified accounts, including those of Barack Obama, Joe Biden, Bill Gates, Kim Kardashian West,…

Fauci slams White House, Peter Navarro for trying to discredit him

By |2020-07-15T18:29:29+00:00July 15th, 2020|Business|

Dr. Anthony Fauci spoke out Wednesday against the White House's attempts to discredit him."I think if you talk to reasonable people in the White House, they realize that was a major mistake on their part, because it doesn't do anything but reflect poorly on them," Fauci said. "I cannot figure out in my wildest dreams…

Government data is getting worse. That’s a catastrophe.

By |2020-07-15T18:29:28+00:00July 15th, 2020|Business|

Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here.QUOTE OF THE DAY"Find Something New" — Ivanka Trump, rolling out the new Trump administration ad campaign aimed at the 33 million Americans put out of work by the pandemic.WHAT'S HAPPENING Associated Press Moderna reported excellent results from its initial vaccine trial. It…

Pitch deck: Lucinity raises $6.1 million for cloud anti-money laundering

By |2020-07-15T10:28:37+00:00July 15th, 2020|Business|

Icelandic fintech startup Lucinity has raised $6.1 million in fresh funding from Karma Ventures and byFounders. The anti-money laundering company uses a cloud-based integration to help financial institutions better understand transaction data. "Banks are trying their hardest to combat money laundering, but the tools to prevent it are limited," Lucinity founder and CEO Gudmundur Kristjansson (better known…

New York Times will move its digital news operation out of Hong Kong

By |2020-07-15T10:28:36+00:00July 15th, 2020|Business|

The New York Times announced on Tuesday that it was moving its digital news operation out of Hong Kong and into Seoul, South Korea, in response to Hong Kong's sweeping national security law. "China's sweeping new national security law in Hong Kong has created a lot of uncertainty about what the new rules will mean to…

Tommy Tuberville defeats Jeff Sessions in Republican runoff for US Senate in Alabama

By |2020-07-15T01:28:10+00:00July 15th, 2020|Business|

Former Auburn University football coach Tommy Tuberville defeated Former Attorney General and US Senator Jeff Sessions in the Republican primary runoff for US Senate in Alabama. The race largely played as a fight over which candidate is more loyal and would best serve Trump, who won the state by a margin of 27 percentage points in…

Postmaster General tells says to leave mail behind if it delays routes

By |2020-07-15T01:28:09+00:00July 15th, 2020|Business|

A USPS employee in Santa Monica, California, during the coronavirus pandemic. Mario Tama/Getty Images The US Postal Service's new Postmaster General has established new cost-saving policies that could slow down mail service.Mail carriers are being told to leave mail behind at distribution centers rather than taking late trips, taking extra trips, or logging overtime, according…

Henrik Fisker reveals his $2.9-billion post-coronavirus business plan

By |2020-07-14T17:27:44+00:00July 14th, 2020|Business|

Fisker Inc. CEO Henrik Fisker. Mario Anzuoni/Reuters This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. Henrik Fisker is an auto-industry veteran whose latest venture, Fisker Inc., just merged with a private-equity firm and is valued at almost $3 billion.Fisker raised $1 billion in the deal.Fisker's first vehicle,…

The latest on the lawsuit between LuLaRoe and its former manufacturer

By |2020-07-14T17:27:43+00:00July 14th, 2020|Business|

Controversial multi-level marketing company LuLaRoe is still undergoing a massive legal battle Providence Industries — which does business as Mydyer — sued its one-time partner for $49 million over unpaid bills in 2018. Mydyer supplied LuLaRoe with apparel. LuLaRoe CEO Mark Stidham was once friends with Providence Industries CEO Dan Kang, and the two men bonded over…

California and Florida are both struggling with COVID-19

By |2020-07-14T09:28:18+00:00July 14th, 2020|Business|

Lisa and Todd Smith, of El Dorado Hills, enjoy drinks as they greet passers-by on Main Street Wednesday, July 1, 2020 in Huntington Beach, CA. Bars across Orange County, many of which have only recently reopened, will be forced to shut down again beginning at midnight Thursday, officials announced. County officials on Wednesday announced the…

Tucker Carlson slams critics of former top writer, announces vacation

By |2020-07-14T09:28:17+00:00July 14th, 2020|Business|

Fox host Tucker Carlson Screenshot/Fox News Tucker Carlson, the Fox News primetime opinion host, called racist and sexist posts secretly written for years by his former head writer "wrong" before condemning the "self-righteousness" of his critics.Carlson claimed the bigoted sentiments Blake Neff expressed routinely online had "no connection" to his show, which Neff says he…

Over 400 US Navy sailors fighting USS Bonhomme Richard fire

By |2020-07-14T01:27:12+00:00July 14th, 2020|Business|

The US Navy revealed Monday that over 400 US Navy sailors are battling the raging fire aboard the amphibious assault ship USS Bonhomme Richard, which caught fire early Sunday.The fire has devastated large parts of the ship, but Navy officials continue to express optimism that the ship can be saved.A former amphibious assault ship commander…

Trump administration cancels civil service award amid ‘deep state’ fixation

By |2020-07-14T01:27:11+00:00July 14th, 2020|Business|

The Presidential Rank Awards are one of the nation's highest honors for the federal government's career civil servants.But the Trump administration is cancelling them this year, citing the COVID-19 pandemicDuring the past three years, Trump has issued several hundred of the awards, including recognition in 2018 to Office of Management and Budget official Mark Sandy.…

Stock picks to buy, 20 firms poised for massive gains for years: UBS

By |2020-07-13T17:26:42+00:00July 13th, 2020|Business|

Premium Spencer Platt/Getty Images This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. A group of strategists at UBS identified 18 stocks with sound underlying businesses that trade in industries they think will be negatively impacted by "megatrends."Although these industries are facing difficulties, the strategists think that many…

G2 applied for PPP loan after building $1 million staircase

By |2020-07-13T17:26:41+00:00July 13th, 2020|Business|

Godard Abel's company G2 built a $1 million staircase, similar to the one pictured here, in the months before it laid off 10% of its staff and applied for a PPP loan. Walker Sands Inc.; Suzanne Kreiter/The Boston Globe via Getty Images; Samantha Lee/Business Insider This story is available exclusively on Business Insider Prime. Join…

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