News 

SoftBank plans to invest roughly $880 billion in tech through its already-massive Vision Fund

“SoftBank plans to invest roughly $880 billion in tech companies through at least three more iterations of its Vision Fund, CEO Masayoshi Son recently told Nikkei” writes Alex Heath for businessinsider.my. The Japanese conglomerate already commands the world’s biggest private equity fund with the $100 billion it raised for the first Vision Fund this year.SoftBank has already invested in a wide range of companies this year, including Brain Corp, Mailbox, Boston Dynamics, Improbable, Nvidia, and Slack.SoftBank tapped companies like Apple, Qualcomm, and the government of Saudi Arabia to back its…

Read More
News 

North Korea has been threatening an aboveground nuclear detonation — here’s how it could go down

“North Korea has tested a thermonuclear device and tested intercontinental and intermediate-range ballistic missiles but never demonstrated its ability to combine the two” writes Alex Lockie for businessinsider.sg. Tong Zhao, a leading expert on North Korea at the Carnegie Endowment for International Peace’s Nuclear Policy Program in Beijing, told Business Insider that if North Korea does detonate a nuclear bomb over the Pacific, “the Chinese position to North Korea can be fundamentally changed.” Ultimately Zhao doubts that North Korea would pull such a stunt, given it relies on outside help…

Read More
News 

Security flaws in child smartwatches mean hackers can use them to spy on kids’ locations

“The various issues were discovered by security firm Mnemonic, working with the Norweigan Consumer Council, after it analysed the Gator, Tinitell, Viksfjord/SeTracker, and Xplora smartwatches” writes Rob Price for businessinsider.sg. Only the Tinitell promises to implement reasonable security standards, Mnemonic said. Source: businessinsider.sg Share This:

Read More
News 

Trump just made a huge move that could blow up Obamacare

“Some health-policy experts have said that without the payments, the individual insurance exchanges could be devastated as insurers leave and premiums skyrocket” writes Bob Bryan for businessinsider.sg. After multiple failures by Republicans to pass legislation to overhaul the US healthcare system, Trump has pursued measures to undermine the stability of the ACA, the landmark healthcare law also known as Obamacare.The Trump administration has kicked the can down the road on the appeal and appropriated the payments on a monthly basis, attempting to use them as leverage in multiple negotiations with…

Read More
News 

The benefits of this popular credit card make it perfect for first timers

“Whenever I meet someone who wants to travel like I do, I immediately ask about a credit card strategy” writes The Points Guy for businessinsider.com. If you’re thinking about expanding your points and miles strategy to include opening and using multiple credit cards, now’s a fantastic time to open the Sapphire Preferred Card. Source: businessinsider.com Share This:

Read More
Markets News 

The biggest problem in a market where everything is expensive

“Business Insider CEO Henry Blodget looks at President Donald Trump’s claims that he’s responsible for the record-setting stock market, and finds that the S&P 500 rose just as much over the first 11 months of Barack Obama’s second term” writes Kara Chin for businessinsider.com. Blodget also provides a bearish argument, which suggests that high valuations have historically preceded periods of market weakness.He also points out that prices are high across many different asset types, which means that diversification might not help investors out right now. Business Insider executive editor Sara…

Read More
News Regulators 

A ‘ridiculous mistake’ gave North Korea access to the US and South Korea’s secret war plans

“North Korean personnel reportedly attacked a South Korean cybersecurity firm and embedded themselves in the software” writes Alex Lockie for businessinsider.my. As a result, North Korea reportedly got ahold of Operation Plan 5015, the US and South Korea’s secret war plan to kill the North Korean leader Kim Jong Un.A South Korea lawmaker recently disclosed that hackers suspected to be North Korean gained access to Seoul’s highly secured military intranet in September 2016 and made off with the US and South Korea’s secret war plans.South Korea’s military used the software…

Read More
News 

Trump has been lying a lot about his ‘small business’ tax cut

“A recent NBC/Wall Street Journal poll found far more Americans thought there should be a tax cut for small business (57%) than thought their own family should get a tax cut (40%)” writes Josh Barro for businessinsider.my. So, Republicans came up with a proposal that purports to benefit small businesses.That worker has just converted his or her wage income into “business” income, allowing him or her to take advantage of this lower tax rate.The Republican tax framework would cap the tax rate on such income at 25%, even as individual…

Read More
News 

Amazon, not Google inspires fear in the boardroom

“Amazon has become a popular point of discussion when executives at rival firms are talking with analysts and shareholders” writes Caroline Cakebread for businessinsider.com.au. As we can see in this chart from Statista — based on data from FactSet and Recode — Amazon has overtaken Google as the most mentioned company in public corporate conference calls. Source: businessinsider.com.au Share This:

Read More
News 

Republicans might make a big reversal on one of the most controversial parts of Trump’s tax plan

“The SALT deductions allow earners in states with particularly high income rates to take a chuck out of their federal tax bills” writes Joe Perticone for businessinsider.com.au. For Republicans, however, it comes down to numbers and whether eliminating SALT deductions would increase taxes on constituents. Regardless of how various blue state Republicans fall on the elimination of SALT deductions, the main deal-breaker for Republicans seems to be the impact any tax bill would have on middle class Americans. Source: businessinsider.com.au Share This:

Read More