Traders are brimming with confidence on the latest tax reform progress

Progress is being made in Washington on Republican tax reform Investors are being emboldened and are responding by buying risk assets Traders worldwide piled into riskier assets on Friday after the Senate passed its fiscal year 2018 budget resolution on Thursday, helping pave the way for Republican tax reform. Futures…

We talked to the chief investment strategist at $6 trillion fund giant BlackRock about stocks, bitcoin and the Fed (BLK)

We sat down with Richard Turnill, global chief investment strategist for BlackRock, the world’s largest money manager. He’s bullish on stock markets around the world. While BlackRock is exploring blockchain technology, Turnill says there’s no way to assess a fair price for bitcoin, and doesn’t own any. Richard Turnill is…

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, MDB)

Here is what you need to know. The Senate passes its budget, clearing a huge hurdle for Trump’s tax plan. The Senate passed a 2018 budget resolution with a 51-to-49 vote, paving the way for Republicans to pass tax reform without support from Democrats. Brexit trade negotiations delayed by the…

IKEA UK CEO: TaskRabbit deal is part of plan to ‘become more relevant’

IKEA acquired TaskRabbit last month for an undisclosed price. TaskRabbit’s platform lets you hire people to do odd jobs, from cleaning to assembling furniture. “We need to offer services” to “become more relevant,” IKEA UK CEO says. LONDON — IKEA’s acquisition of gig economy company TaskRabbit is part of the…

THE B2B PAYMENTS EXPLAINER: Why business payments have been slow to digitize, and what’s changing that in 2017

This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. As the world around us digitizes, payments are no exception. The way we manage money and make payments has moved from physical channels, like cash and…

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

Japanese conglomerate SoftBank plans to aggressively grow its $100 billion Vision Fund to roughly $880 billion. “Vision Funds 2, 3 and 4 will be established every two to three years,” according to CEO Masayoshi Son. SoftBank has already used the massive fund to invest in Nvidia, ARM, Improbable, and others.…

The race to create a self-driving taxi fleet just took a bizarre turn with a $1 billion bet on Lyft led by Alphabet (GOOG, GOOGL)

CapitalG, Alphabet’s investment arm, led a $1 billion funding round in Lyft. Alphabet has forged a close relationship with Lyft on self-driving cars as its pre-existing relationship with Uber has soured. The funding round highlights the intense battle to get self-driving cars on the road. Google is having a very…

People told the MongoDB founders they were ‘completely crazy’ and now the company is worth $1.6 billion

A decade ago, people told the MongoDB founders they were crazy to try and build their tech company in New York instead of Silicon Valley. On Thursday, MongoDB proved the naysayers wrong with a successful IPO. It’s been a “surreal” experience for one of its founders, 36-year-old Eliot Horowitz, he…

MongoDB soars 33% on its first day of trading — the CEO explains how they plan to beat Oracle and Amazon (MDB)

The database company MongoDB listed its stock on the Nasdaq under the symbol MDB. The company priced its IPO at $24 a share, above the expected range of $20 to $22. The shares closed at $32.07 after the first day of trading, more than 30% higher than the IPO price.…