With every major private markets firm, and many smaller ones, racing to offer their products to wealthy retail investors, it's easy to forget that this was once anathema for the industry. Just ten years ago, most money invested in the private markets came from institutional investors, and the only way for regular people to get exposure was to be lucky enough to have a pension. Doug Ostrover, the co-CEO of Blue Owl and co-founder of GSO, now Blackstone Credit, is one of the private markets industry's privat ...

NBCUniversal is the latest major media company to call its employees back into the office. The company told employees on Monday that starting on January 5, 2026, NBCU's hybrid employees would be required to work in person at least four days a week. Workers would still have the option to work remotely on Fridays."We are better when we are together," said Adam Miller, NBCUniversal's chief operating officer, in a memo viewed by Business Insider. "As we have all experienced, in-person work and collaboration sp ...

Netflix, it's time to deepen your embrace of romance. That's one takeaway from a new report that crunched the numbers on how many viewing hours Netflix gets from different genres versus how much money it spends on them.The report by media veteran Hernan Lopez, founder of research firm Owl & Co., shows that Netflix gets the most bang for its buck from genres including romance, comedy, and kids and family. The report is based on Netflix's engagement reports and data from Ampere Analysis. Those three categor ...

There's more bad news for Tesla. Elon Musk's carmaker accounted for 38% of total EV sales in the US last month, according to data from research company Cox Automotive shared with Reuters. This is the first time since October 2017 that it has dropped below 40%, the report notes.Representatives for Cox Automotive and Tesla did not immediately respond to a request for comment from Business Insider. According to Cox's report, Tesla once held more than 80% of the US EV market, but it has faced some challenges ...

BYD has set its sights on Tesla's European backyard. The Chinese EV maker announced on Monday that it would nearly triple the number of sales and service locations in Germany, the home of Tesla's European gigafactory, by the end of 2026.The German expansion comes as part of a larger European push that will see the number of BYD stores on the continent double to more than 2,000 next year, executives said in a press conference at the IAA Mobility summit in Munich. BYD, China's biggest automaker, has bet hea ...

President Donald Trump's Intel deal is earning him some measure of approval from an unexpected corner: progressives. After Trump announced a plan for the US government to take a roughly 9.9% stake in the iconic US tech company, Sen. Bernie Sanders of Vermont offered cautious praise for the move. Other progressives say they have little problem with the investment itself, but would like to see other policies accompany it.It's the latest indication of how the deal, which marks a substantial break from longsta ...

Tesla has unveiled a new pay package for Elon Musk that could turn the world's richest man into the first trillionaire.The EV giant announced on Friday that it would submit the enormous new compensation plan, which requires the Tesla CEO to boost the company's valuation to $8.5 trillion, for shareholder approval in November. The proposed pay package is unprecedented in both its size and the scale at which Tesla will have to grow for Musk to achieve it.Here are five takeaways from what could end up being ...

When in doubt, go for the gold (investment). That's the sentiment among investors trying to navigate the ongoing fight between President Donald Trump and the Federal Reserve.Gold set a record this week, eclipsing the $3,600-an-ounce mark. It's up 36% this year, far outstripping the S&P 500's 10% return. And we're not even close to the ceiling, writes BI's Samuel O'Brient. Goldman Sachs could see the precious metal rallying to $5,000, which is about a 40% increase from where it currently sits.The bank's re ...

Tesla has just unveiled a massive new pay package for Elon Musk. The proposed compensation plan, which the EV giant outlined in an SEC filing on Friday, could net Musk as much as $1 trillion — if he can hit a series of ambitious milestones that includes taking Tesla to a $8.5 trillion market cap by 2035.This is a developing story. Check back for updates. ...

Core Insights - Lululemon has acknowledged a decline in customer engagement due to predictable product offerings and stale styles, particularly in lounge and social categories [1] - The company reported a 7% year-over-year increase in net revenue for Q2, reaching $2.5 billion, but profits fell by 5.6% to $370 million, slightly missing revenue expectations [1] - CEO Calvin McDonald highlighted that consumers are spending less on apparel and are more selective, impacting overall sales [2] Financial Performance - Net revenue for the second quarter grew to $2.5 billion, a 7% increase year-over-year [1] - Profit for the same period decreased by 5.6% to $370 million [1] - Full-year profit guidance was reduced due to expected tariff impacts amounting to $240 million [2] Market Reaction - Lululemon's shares dropped over 15% in after-hours trading and have declined more than 46% year-to-date [3] - Analysts have compared Lululemon to mass-market brands like Gap, suggesting this shift could negatively affect its business model [3] Consumer Trends - The company is facing challenges as consumers are spending less on performance activewear and are seeking truly new styles [2] - Analysts noted an excessive number of sales promotions, with over 1,000 items on sale in the brand's digital store, indicating struggles with inventory sell-through [7][8] Strategic Plans - Lululemon plans to increase the proportion of new styles in its offerings from 23% to approximately 35% by next spring [9] - The company aims to refresh iconic items and accelerate the launch of new products [9] - McDonald expressed confidence in the brand's loyal customer base and the path forward to meet customer expectations [10]