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An Australian fund manager who runs $50 billion says Uber is a ponzi scheme and is 99% sure to be broke in a decade

AN AUSTRALIAN FUND MANAGER WHO RUNS $50 BILLION SAYS UBER IS A PONZI SCHEME AND IS 99% SURE TO BE BROKE IN A DECADE

Hamish Douglass, the co-founder of the Magellan Financial Group with $50 billion under management, thinks ride share service Uber has...

Australian fund manager who runs $37 billion calls Uber a 'ponzi scheme,' claims it'll be broke in a decade

AUSTRALIAN FUND MANAGER WHO RUNS $37 BILLION CALLS UBER A 'PONZI SCHEME,' CLAIMS IT'LL BE BROKE IN A DECADE

Money Sharma/AFP/Getty Images Hamish Douglass, the co-founder of the Magellan Financial Group with more than $37 billion USD under...

 
 
 
Game engine maker Unity raises $400 million in private equity from Silver Lake

GAME ENGINE MAKER UNITY RAISES $400 MILLION IN PRIVATE EQUITY FROM SILVER LAKE

Game engine maker Unity Technologies isn't hurting for money. The company has raised $400 million in private equity from Silver Lake,...

7 factors that could make a lower salary a better deal

7 FACTORS THAT COULD MAKE A LOWER SALARY A BETTER DEAL

Flickr/Strelka Institute for Media, Architecture and Design Money is often on our minds - how to get more of it so we can cover bills...

 
 
 
What you need to know in advertising today

WHAT YOU NEED TO KNOW IN ADVERTISING TODAY

Thomson Reuters Facebook says it want to help media companies make more money from digital ads. And now, the social networking giant...

TransferWise launches ‘Borderless' banking account for businesses, sole traders and freelancers

TRANSFERWISE LAUNCHES ‘BORDERLESS' BANKING ACCOUNT FOR BUSINESSES, SOLE TRADERS AND FREELANCERS

Having already taken a significant chunk of the international money transfer market away from the major banks, London-headquartered...

 
 
 
TransferWise launches new business account and plans foreign exchange card

TRANSFERWISE LAUNCHES NEW BUSINESS ACCOUNT AND PLANS FOREIGN EXCHANGE CARD

LONDON - TransferWise is branching out beyond its core business of online international money transfer, launching a new business account...

Google's outdoor Nest Cam is on sale, but you can still get 8 of these cameras for even less

GOOGLE'S OUTDOOR NEST CAM IS ON SALE, BUT YOU CAN STILL GET 8 OF THESE CAMERAS FOR EVEN LESS

The $200 outdoor Nest Cam model is on sale on Amazon for just $168 right now, but that's still a whole lot of money to pay for a single...

 
 
 
'The offer was too good to refuse': A major Russian money-laundering case was unexpectedly settled in New York

'THE OFFER WAS TOO GOOD TO REFUSE': A MAJOR RUSSIAN MONEY-LAUNDERING CASE WAS UNEXPECTEDLY SETTLED IN NEW YORK

A major money-laundering case set to go to trial last week in New York was suddenly settled three days earlier, with both the US government...

Ford's new CEO will have to tell Wall Street a different story

FORD'S NEW CEO WILL HAVE TO TELL WALL STREET A DIFFERENT STORY

Thomson Reuters If you think investors buy into companies because they make money now and will make money in the future, you'd be wrong...

 
 
 
Here are the 15 best things you can buy at REI's biggest sale of the year

HERE ARE THE 15 BEST THINGS YOU CAN BUY AT REI'S BIGGEST SALE OF THE YEAR

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the...

Black Boy Joy: Drake Wins Record-Breaking 13 Trophies At The 2017 Billboard Music Awards

BLACK BOY JOY: DRAKE WINS RECORD-BREAKING 13 TROPHIES AT THE 2017 BILLBOARD MUSIC AWARDS

Young Money Owns The Billboard Music Awards Young Money Records pretty much OWNED the 2017 Billboard Music Awards - between Nicki Minaj...

 
 
 
Echo Dot, Amazon's most affordable Alexa speaker, has never been cheaper than it is today

ECHO DOT, AMAZON'S MOST AFFORDABLE ALEXA SPEAKER, HAS NEVER BEEN CHEAPER THAN IT IS TODAY

Amazon's various hardware products go on sale from time to time, but the company often gives shoppers an opportunity to save even more...

6 Ways to Beat the Heat without Turning on the AC

6 WAYS TO BEAT THE HEAT WITHOUT TURNING ON THE AC

Whether you're trying to save money or dealing with a broken air conditioner, sometimes you need to find simple ways to beat the heat...

 
 
 
What is Donald Trump doing with his hands on a glowing orb?

WHAT IS DONALD TRUMP DOING WITH HIS HANDS ON A GLOWING ORB?

In 2016 Donald Trump wrote on Facebook, “Saudi Arabia and many of the countries that gave vast amounts of money to the Clinton Foundation...

Transport for London to build new generation of DLR trains

TRANSPORT FOR LONDON TO BUILD NEW GENERATION OF DLR TRAINS

Customers on the Docklands Light Railway are set to benefit from new walk-through air-conditioned trains from 2022. The new trains,...

 
 
 
This artist has been illustrating her credit card debt to help manage her finances

THIS ARTIST HAS BEEN ILLUSTRATING HER CREDIT CARD DEBT TO HELP MANAGE HER FINANCES

Credit cards can be incredibly useful. They earn you Airmiles. They can buy you a little time when it comes to funding new kitchens...

Shipamax raises $2.5M for its cloud software platform for the bulk shipping industry

SHIPAMAX RAISES $2.5M FOR ITS CLOUD SOFTWARE PLATFORM FOR THE BULK SHIPPING INDUSTRY

Shipamax, a London-based startup and recent graduate of Silicon Valley accelerator Y Combinator, has raised $2.5 million in seed funding,...

 
 
 
Saudis And The UAE Will Donate $100 Million To A Fund Inspired By Ivanka Trump

SAUDIS AND THE UAE WILL DONATE $100 MILLION TO A FUND INSPIRED BY IVANKA TRUMP

As a candidate, President Trump regularly criticized the Clinton Foundation for taking money from Middle East despots. But these donations...

There's a new biggest risk to global markets

THERE'S A NEW BIGGEST RISK TO GLOBAL MARKETS

The newly crowned biggest worry in global markets comes from a familiar Investors now see the tightening of Chinese credit as the...