Alternative-data player Thasos just laid off the majority of its staff and its CEO resigned. It might be a sign of tough times to come for a market set to grow to $7 billion.

It was worth $42 million, had ties to MIT, and boasted a blue-chip CEO whose prior company Sense Networks was once named "The Next Google" by Newsweek.

September 18, 2019   |   View Online »

Alternative-data player Thasos just laid off the majority of its staff and its CEO resigned. It might be a sign of tough times to come for a market set to grow to $7 billion. Bradley Saacks,Dan DeFrancesco | It was worth $42 million, had ties to MIT, and boasted a blue-chip CEO whose prior company Sense Networks was once named "The Next Google" by Newsweek. Read More »

JPMorgan is winning the most hedge fund business as Wall Street banks swoop in on Deutsche Bank's clients Alex Morrell,Dakin Campbell | Following Deutsche Bank's equities exit, Wall Street competitors have gobbled up billions in assets from the firm's most-coveted hedge fund clients. Read More »

We went to Mastercard's tech showcase, which featured biometric sensors and shrimp-tracking blockchain. It's part of a push to embrace a future without cards. Shannen Balogh | At Mastercard's technology showcase, we got a look at its latest developments in business-to-business payments and blockchain. Read More »

The CEO of $1 billion WeWork rival Knotel says the idea of coworking is 'over' Meghan Morris | Knotel bills itself as different than WeWork because it only works with large companies like Microsoft and Starbucks, not startups. Read More »

A startup that wants to be a Zillow for commercial real estate just raised $10 million in seed funding from Greycroft and leading real estate players Alex Nicoll | Biproxi, launched by former execs from commercial real estate tool Ten-X, offers a database of office real estate properties. Read More »

We asked VCs which European startups impressed them the most this year. Here are the top 15. Callum Burroughs | European tech has had a bumper year, seeing a record $5.3 billion investment from US venture capitalists into the region. Read More »

Blackstone CEO Stephen Schwarzman doesn't think a recession is coming — here's why he's optimistic even as economists worry Casey Sullivan,Richard Feloni | Blackstone CEO Stephen Schwarzman explained to Business Insider why he doesn't think a US recession lies ahead. Read More »

Famed economist David Rosenberg explains how the Saudi oil fiasco's impact on US consumers could hasten the next recession Marley Jay | The resulting increase in oil prices will be a "de facto tax increase for the consumer," Rosenberg told Business Insider. Read More »

'We like to be the friend': Amazon competitor Boxed's CEO reveals how the wholesale retailer is cozying up to CPG giants like Coca-Cola and PepsiCo Tanya Dua | Boxed is giving brands and retailers analytics, data, and guaranteed return on investment on the platform, founder and CEO Chieh Huang said. Read More »

California's contractor bill was aimed at Uber and Lyft, but it could cause much bigger problems for food-delivery startups Megan Hernbroth | Startups like DoorDash, which have faced criticism over their tipping policies, have the most to lose if California's gig-economy bill becomes law. Read More »

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