Nasdaq is spinning off its marketplace for private shares into a separate business as more investors clamor for a piece of pre-IPO companies

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• CASE STUDY: How Goldman Sachs changed the retail banking game - by entering it Digital-only banks are redefining retail banking in major markets around the world. Spurred on by consumer frustrations with incumbents and growing willingness to use digital channels for accessing financial services, these tech-savvy players have acquired customers at pace and ramped up pressure on established firms. In the US, these challengers got off to a slower start than elsewhere, especially compared with Europe. But they've begun gaining traction in the last year. One of the most unique players at the forefront…
• Read the memo Goldman Sachs sent telling employees masks would be mandatory at its Europe HQ Richard Gnodde, Goldman Sachs' International CEO shows His Royal Highness Prince Charles around the bank's London HQ. PETER NICHOLLS / Contributor Face masks will be mandatory in Goldman Sachs' London office, despite UK mask restrictions lifting. Staff were notified in an internal memo sent by the bank's International CEO. Read the memo in full. See more stories on Insider's business page. In the UK, July 19 is being hailed as "freedom day." The country has maintained pandemic restrictions over the…
• StartEngine review: Startup investing for traders with at least $100 StartEngine offers startup investing for all types of traders. See how it works. StartEngine; Insider Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. StartEngine is an equity crowdfunding platform connecting investors to all types of startups. Minimums span from $100 to $1,000, and you may pay a 3.5%…
• See the presentations that hot healthcare and biotech startups used to raise millions from top VCs Cedar's president Arel Lidow and CEO Dr. Florian Otto. Cedar Startups have raised billions on the promise of disrupting healthcare. To win over investors, startups often present their businesses through a slide deck. Here are the presentations obtained by Insider that healthcare startups have used to raise millions. See more stories on Insider's business page. In the past few years, investors have bet billions on healthcare startups looking to disrupt the industry. In 2020 alone, healthcare startups raised $17 billion,…
• Warren Buffett's Berkshire Hathaway could bag a 60% profit when Paytm goes public Warren Buffett. Bill Pugliano/Getty Warren Buffett's Berkshire Hathaway could make a 60% profit when Paytm goes public. The investor's company owns 2.8% of the digital-payments startup, Paytm's draft IPO filing shows. Berkshire, Alibaba, Ant Financial, and SoftBank have all agreed to sell some shares in Paytm's IPO. See more stories on Insider's business page. Warren Buffett's Berkshire Hathaway stands to make a 60% profit on its Paytm shares if the Indian digital-payments group goes public this year as planned. Paytm's…
• Investors buy “exquisite” Silicon Valley tech complex for $357.6 million MOUNTAIN VIEW — An “exquisite” Mountain View tech campus in a vibrant Silicon Valley tech hub has been bought by an alliance of veteran real estate companies. TMG Partners and a real estate unit of Goldman Sachs have teamed up to buy a five-building office complex on Ellis Street in Mountain View for $357.6 million, according to documents filed on July 15 with the Santa Clara County Recorder’s Office. NortonLifeLock, a tech titan formerly known as Symantec, sold the five…
• Hubble space telescope restored after failure NASA has successfully re-started the Hubble Space Telescope after a month long shutdown NASA has successfully switched to backup hardware on the Hubble Space Telescope after a failure that was first put down to a fault memory module. Instead, engineers at ASA needed to move to the backup Power Control Unit (PCU) and the backup Command Unit/Science Data Formatter (CU/SDF) on the Science Instrument and Command & Data Handling (SI C&DH) unit. The PCU distributes power to the SI C&DH…
• Some investors are betting big on Chinese tech despite Cathie Wood's warning of a 'valuation reset' Cathie Wood is the CEO and chief investment officer of ARK Invest, which runs three of the highest-returning stock ETFs of the last three years. ARK Invest Cathie Wood is selling shares in Chinese tech companies, but some investors have a different view. The KraneShares CSI China Internet ETF saw record inflows this week, according to Bloomberg. On Tuesday, Wood told investors, "From a valuation point of view, these stocks have come down and again from a valuation point of…
• Here's how Wall Street bankers went all out to woo Adam Neumann in WeWork's doomed IPO We cofounder and CEO Adam Neumann Getty Adam Neumann was barking into a phone at one of his top deputies, livid at the headlines online and chyrons flashing on tv about his company. It was August 14, 2019, and WeWork--the shared office space startup Neumann co-founded--had just revealed all its financials to the world as part of a planned initial public offering. Neumann, the high-voltage 40-year-old CEO, was expecting a good day--one where a wave of positive press could propel…
• Stablecoins should be regulated like banks and central bank digital currencies could tame these 'wildcat' crypto tokens, according to research from the Fed and Yale US dollar Sopa images/ Getty images Researchers at the Federal Reserve and Yale University have released a report titled 'Taming the Wildcat Stablecoins.' The report suggested stablecoins should be regulated like banks, and promoted CBDCs. The report preceded the Treasury's working group meeting Monday on stablecoins. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cryptocurrencies that are pegged to a stable asset - known as "stablecoins" - should be regulated as strictly as commercial banks…