The definitive Wall Street scorecard is out — and Goldman Sachs is slipping

The latest ranking of Wall Street supremacy is out, and there’s a notable shift at the top of the league tables. JPMorgan once again dominated the competition in the first half of the year for revenue across fixed income, equities, and banking, according to data-analytics company Coalition. The largest bank by assets in the US […]

Rubicon — a macro hedge fund in London — has lost a third of its value this year

NEW YORK – Rubicon Fund Management, a large London hedge fund focused on trading around global economic events, has suffered a 33.2% loss in its flagship fund this year. The losses were disclosed in investor documents reviewed by Business Insider. That implies that investors are pulling money from Rubicon also. Ross Gillam, a spokesman for […]

Google’s $1.1 billion deal with HTC is about something much bigger than making a better smartphone (GOOG, GOOGL)

Google’s acquisition of a team of smartphone engineers from HTC could prove important to its future. In the short term, the team should help Google’s Pixel phones better compete with Apple’s iPhone and other flagship smartphones. But longer term, the deal fills in an important gap for Google, as it looks to compete in a […]

A $1.6 billion rival to Oracle and Amazon just filed to go public (ORCL)

MongoDB, a New York-based database startup reportedly valued at $1.6 billion, officially filed for its IPO on Thursday afternoon. In August, TechCrunch reported that MongoDB had confidentially filed the paperwork to go public, taking advantage of new SEC rules. The fact that this paperwork appeared publicly on the Securities Exchange Commission’s system appears to confirm […]