• Apple CEO Tim Cook calls up Warren Buffett, Lloyd Blankfein, and Bill Clinton for advice (AAPL)

    Apple CEO Tim Cook calls up Warren Buffett, Lloyd Blankfein, and Bill Clinton for advice (AAPL)
    Running Apple is a lonely job, according to CEO Tim Cook. It's hard work, with long hours, and you have to make decisions that affect tens of thousands of employees. 
    But he has a few people he can turn to for advice, Cook revealed in a lengthy interview with the Washington Post. Those people happen to be former President Bill Clinton, Goldman Sachs CEO Lloyd Blankfein, and investing legend Warren Buffett. 
    That's because they understand what Cook is going through,
  • The legacy of the 2011 debt ceiling fight is the biggest issue the next president will face on day one

    The legacy of the 2011 debt ceiling fight is the biggest issue the next president will face on day one
    Five years ago, President Barack Obama signed into law what Todd Harrison, the director of defense budget analysis at the Center for Strategic and International Studies, says will be the biggest challenge for the incoming administration: the Budget Control Act of 2011.
    "The Budget Control Act has dominated the budget debate in Washington for the past five years, and with a new administration coming into office in 2017 the Budget Control Act is likely to be on the top of their agenda," Harrison t
  • 'Suicide Squad' wins the box office for a second week, though with a dramatic decline

    'Suicide Squad' wins the box office for a second week, though with a dramatic decline
    What many feared about "Suicide Squad" in its second week in theaters looks to be coming true.
    Following a record-breaking opening weekend, the latest DC Comics release by Warner Bros. only took in an estimated $43.8 million.
    That's a disappointing 67% decline in gross from last weekend (previous DC Comics movie "Batman v Superman: Dawn of Justice" had a 69.1% drop its second weekend).
    On top of the bad word of mouth "Squad" is receiving, the movie also faced some stiff competition this wee
  • What does George Soros want for his 86th birthday? A new CIO

    What does George Soros want for his 86th birthday? A new CIO
    George Soros' chief investment officer Ted Burdick is stepping down just eight months after being promoted to the role, according to Bloomberg News.Burdick will remain at Soros Fund Management, running a credit portfolio, Katherine Burton and Katia Porzecanski reported.
    The fund is searching for Burdick's replacement and will most likely hire from an external firm, according to a person familiar with the matter who spoke with Business Insider.
    Burdick's move marks the seventh time
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  • An MBA isn't as important as you might think for building a career on Wall Street

    An MBA isn't as important as you might think for building a career on Wall Street
    You might think that holding a Masters of Business Administration, or MBA, is essential to building a career on Wall Street.
    You would be wrong.
    It turns out that MBA degrees are very common at the upper levels within investment banks — but they don't dominate.
    In fact, the most common degree for the most part is in fact a Bachelor of Science.
    That is, of course, because people typically go to business school after completing an analyst program or attaining an
  • Warren Buffett brilliantly explains how bubbles are formed

    Warren Buffett brilliantly explains how bubbles are formed
    In an interview with the Financial Crisis Inquiry Commission (FCIC) back in 2010, Warren Buffett answered several questions about what he thought caused the housing and credit bubble.
    During the interview process, he also gave a crystal clear explanation of how bubbles are formed.It's a great read for anyone interested in investing or behavioral economics.
    The interview comes from a recent document dump from the National Archives, which released transcripts, meeting agen
  • The tech IPO window could be opening — here's what to expect in September

    The tech IPO window could be opening — here's what to expect in September
    The tech IPO market is primed for a resurgence in September — after a historically sluggish start to the year.
    At least three tech startups that have filed for initial public offerings confidentially could make their intentions public as early as the week of August 22, according to people familiar with the matter.
    Those include the software-as-a-service company Apptio, the cybersecurity-software company Carbon Black, and the software company Coupa.
    Apptio, which is based in Bellevue, Washi
  • Americans are starting to get worried about the 'new housing crisis'

    Americans are starting to get worried about the 'new housing crisis'
    Americans are catching on to the rise in home prices.
    The gap between the demand for new homes and the supply coming onto the market, which we've dubbed "the new housing crisis," has caused prices to soar and priced out many first-time homebuyers.
    In fact, San Jose became the first city in the US to have a median house price of $1 million for a single-family home in the second quarter, according to the National Association of Realtors.
    According to Friday's University of Michigan Consumer Sentim
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