Harry’s Harry’s cofounders Andy Katz-Mayfield and Jeff Raider. LONDON — Startup shaving brand Harry’s is launching in the UK, the company’s first international market outside of North America. New York-based Harry’s, founded in 2013, manufactures razor blades and shaving handles, as well as making shaving cream and after shave balm. The company has three million […]
CARNEY: Now is not the time to raise rates
REUTERS/Kirsty Wigglesworth/Pool Mark Carney, Governor of the Bank of England speaks during a panel discussion at The Bank of England in London, Britain, March 21, 2017. LONDON — Bank of England Governor Mark Carney does not believe that it is time for Britain’s central bank to raise interest rates, despite inflation climbing sharply above target […]
Britain’s economic growth ‘shifts down a gear’ as Brexit talks begin
Reuters / Francois Lenoir The European Union’s chief Brexit negotiator Michael Barnier (R) welcomes Britain’s Secretary of State for Exiting the European Union David Davis at the European Commission ahead of their first day of talks in Brussels, June 19, 2017. LONDON — The UK economy is set for a persistently slow pace of growth […]
Goldman Sachs’ new online lending business has already hit a $1 billion milestone
Goldman Sachs launched Marcus, an online lending business for customers seeking loans of $ 30,000 or less, in October 2016. It was a departure from what Goldman Sachs is best known for, namely, wealth management, trading, and investment banking. And the business has already hit a $ 1 billion milestone, according to Goldman Sachs Lloyd […]
WHOLE FOODS CEO: We focused on employees at the ‘expense of our customers’
Over the years, critics of Whole Foods sardonically coined the nickname “Whole Paycheck,” highlighting the steep prices of its high-end, organic fare. In the wake of the company’s merger with Amazon, it seems Whole Foods CEO John Mackey is ready to improve its relationship with customers. In a town hall meeting last Friday, the day it was […]
Goldman Sachs CEO Lloyd Blankfein explained why he started antagonizing Trump on Twitter
Bryan Bedder/Getty Images for The New York Times Goldman Sachs Group chairman and CEO Lloyd Blankfein. Goldman Sachs CEO Lloyd Blankfein started tweeting this month, and it’s fair to say he jumped right in. In his first tweet, the Wall Street CEO, using the handle @lloydblankfein, lamented President Donald Trump’s decision to pull out of […]
The ‘Fearless Girl’ on Wall Street is racking up advertising awards at Cannes
AP Photo/Bebeto Matthews After taking over Wall Street, the Fearless Girl has invaded Cannes. Asset manager State Street — and advertising agency McCann New York — put a bronze statue of a defiant girl in front of Wall Street’s iconic charging bull statue in February. It was part of a campaign by State Street to pressure companies […]
Retail exec warns a global economic crisis is looming: ‘This bubble… will explode’
Getty/Pascal Le Segretain Bernard Arnault is the CEO of multinational luxury goods conglomerate LVMH. Bernard Arnault, CEO and chairman of the world’s largest luxury goods conglomerate LVMH, has a dire warning for the global economy. “For the economic climate, the present situation is … mid-term scary,” Bernard Arnault said on CNBC on June 15. Arnault justified his […]
What you need to know on Wall Street today
Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get this newsletter delivered straight to your inbox. The S&P 500 is up 9% so far this year, and it would like to thank its most trusted allies: high-flying tech stocks. But the benchmark’s reliance […]
Millennial entrepreneurs really do want different things
Steve Jennings/Getty Evan Spiegel of Snapchat attends TechCruch Disrupt SF 2013 in San Francisco. You’ve probably heard that millennials are different. They are more likely to prefer cooking at home than their elders. They want to buy from and invest in companies that have a purpose and an eye on social good. They’re over the idea […]