Category: Newsletter
Bridgewater’s new executive team is already making big changes. But was it all part of Ray Dalio’s master plan?
Almost Friday! Dan DeFrancesco in NYC. The results are in from yesterday’s poll on Wall Street-adjacent TV shows, and “Succession” took the top spot with just shy of 50% of the votes. “Billions” came in a close second, while “Industry” clocked in at a distant third (shame on you all). As one reader pointed out to me, I might have tipped the scales slightly by including…
The good news is markets look resilient — but the bad news is just about everything else
TGIF. Phil Rosen right here, reporting from New York City. I’m completely satisfied to see that, lastly, the remainder of the world appears to be catching on to the magic that is Magic: The Gathering. Haven’t heard of it? Well the once-niche card game just became a $1 billion brand. That means gross sales of those fantastical playing cards that includes creatures, spells, and planeswalkers…
Big Tech CEOs are asking employees to step up — or step aside
Newsbreak 4 months ago in 10 things in tech, Alphabet, Around The World, Elon Musk, Newsletter, Newsletters, Sundar Pichai, Tech, Tech Insider, Twitter 0 Welcome to one other week, readers. Writing to you from New York, I’m your host, Jordan Parker Erb. Over the previous few weeks, we have watched as Elon Musk has shifted Twitter’s tradition. One of the largest transitions was his determination that employees will likely be fired until they work at an “extremely hardcore” rate to construct “Twitter 2.0.” But Musk is not the one…
Base comp at boutique banks has soared. Here’s how much 9 firms are paying analysts, associates, and VPs.
Newsbreak 4 months ago in 10 Things on Wall Street, Around The World, BI Graphics, Finance, Newsletter, Samantha Lee 0 Hello! It’s Dan DeFrancesco checking in from NYC. Today we have tales on Steve Cohen feeling bullish on his casino plans, VCs ideas on what’s next for crypto, and how activists on Wall Street are calling the shots at some of the biggest companies. But first, let’s take a peek inside some pockets. If this was forwarded to you, sign up here. Download Insider’s app here….
The death of Twitter won’t be as messy as many anticipate. Here’s what its demise could look like.
Newsbreak 4 months ago in 10 things in tech, Around The World, Elon Musk, Newsletter, Newsletters, Tech, Tech Insider, Twitter 0 Hello from a really chilly New York. I’m your host, Jordan Parker Erb, and I’ve spent this morning wistfully pondering of easier instances, like just a few hours in the past after I was nonetheless wrapped up in my flannel bedding. But it is not wholesome to dwell on the previous, so let’s look forward. Today, we’re speaking about what the downfall of Twitter could…
Wall Street activism is proving its influence on companies. Just look at Disney’s Bob Iger.
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Markets, Newsletter 0 Good morning, Opening Bell crew. I’m Phil Rosen, reporting from Manhattan. We’re 48 hours from turkey day, however markets are buzzing alongside simply nice. Investors are nonetheless digesting the information that Bob Iger will reprise his position because the chief government of Disney. The man retired for lower than a yr and he is already again, and beneath his watch, onlookers count on among the…
Wall Street’s love language is coding. Here are the ones you need to know.
Newsbreak 4 months ago in 10 Things on Wall Street, Around The World, BI Graphics, Finance, Newsletter, Samantha Lee 0 Welcome again! Dan DeFrancesco in NYC. The World Cup formally kicked off yesterday, however things really get rolling today. (Reminder: USA performs at this time at 2 p.m. EST vs Wales, Friday at 2 p.m. EST vs England, and 11/29 at 2 p.m. EST vs Iran.) A couple of predictions*: -France would not make it previous the group stage (I really appreciated this choose earlier than…
As Amazon’s Alexa unit faces layoffs, insiders describe a department in crisis
Newsbreak 4 months ago in 10 things in tech, Amazon, Amazon Alexa, Around The World, Layoffs, Newsletter, Newsletters, Tech, Tech Insider, Tech layoffs 0 Hey y’all, welcome to Monday. Back behind the keyboard this week, I’m Jordan Parker Erb. A thousand due to Matt Weinberger, who was a superb 10 Things in Tech captain whereas I used to be away. So, did I miss something? I imply, except for the massive cuts at Amazon, Twitter’s continuing meltdown, and the spectacular implosion of crypto trade FTX, it appeared like a…
A crypto exec shares details of his phone calls with Sam Bankman-Fried days before FTX imploded
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Binance, crypto, cryptocurrency, ECB, Economy, ftx, Markets, Newsletter, OKX, Sam Bankman-Fried 0 Good morning to my favourite nook of the web. Senior reporter Phil Rosen right here. It’s good to see you. Today, we’re zooming in on the revealing calls that occurred simply before the autumn of FTX, between Sam Bankman-Fried and a rival exec. I caught up with that exec to listen to about Bankman-Fried’s eleventh-hour scramble for a billion-dollar deal. But before we get to…
Wall Street finally has the leverage it’s been wanting over Big Tech
Newsbreak 4 months ago in 10 things in tech, Around The World, Elon Musk, Facebook, Google, Meta, News, Newsletter, Tech, Tech Insider 0 It’s Friday! We made it! Hooray! This is Matt Weinberger, writing to you from San Francisco. The week is drawing to an in depth, and with it, my time writing this text. Monday’s version of 10 Things in Tech shall be written as soon as extra by your ordinary host, Jordan Parker Erb. Before I am going, let me simply say: Thank you for studying! Thursday…
A top economist breaks down why he’s forecasting a 50% chance of recession next year
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Economy, Finance, housing correction, Housing Market, Investing, Mark Zandi, Markets, Moody's Analytics, Newsletter, Stock Market 0 Good morning, crew. I’m Phil Rosen, reporting from New York. I’m further glad to see you right here immediately, as I’m sharing what I realized from speaking to 1 of the nation’s top economists. In a wide-ranging dialog, Moody’s Analytics’ Mark Zandi broke down his US recession forecast and the way a looming housing correction differs from 2008. Meanwhile, Twitter has locked its staff out…
Googlers are making memes to deal with the looming threat of job cuts
Newsbreak 4 months ago in 10 things in tech, Alphabet, Around The World, Elon Musk, Google, memes, News, Newsletter, Tech, Twitter 0 Subject: Googlers make memes to deal with anxiousness Hello, and welcome to Thursday. This is Matt Weinberger, filling in as soon as once more for Jordan Erb. Did you recognize that the phrase “Thursday” is derived from “Thor’s Day” in Old English? That’s all the excuse I would like, personally, to spend much more time with “God of War Ragnarok.” That’s not an advert, I’m only…
Private equity is ready to make moves as the economy sours, but its approach to dealmaking might be different than...
Newsbreak 4 months ago in 10 Things on Wall Street, Around The World, BI Graphic, BI Graphics, Finance, Newsletter 0 Hiya! Surprise, shock, it is Dan DeFrancesco once more. I’d cease introducing myself by now, but then I could not preserve shamelessly plugging my Twitter account. Today we have tales on the struggles at a Blackstone-backed media company, Donald Trump losing a big backer on Wall Street, and how to make your Thanksgiving meal bomb-dot-com tasty. But first, one individual’s trash is one other’s distressed…
Introducing Insider’s 100 people transforming business
Newsbreak 4 months ago in 10 things in tech, Amazon, Around The World, Newsletter, Newsletters, Taylor Swift, Tech, Twitter 0 It is Wednesday, my dudes. This is Matt Weinberger, filling in as soon as extra for Jordan Erb. This could also be a contrarian place, however Wednesday is my favourite day of the week — it is when new comedian books come out (properly, DC began releasing them on Tuesdays lately, however nonetheless). It’s my pleasure to introduce to you Insider’s listing of 100 People Transforming…
A conversation with Shark Tank’s Kevin O’Leary on FTX, Sam Bankman-Fried, and crypto regulation.
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Bitcoin, crypto, Economy, Federal Reserve, ftx, Kevin O'Leary, Markets, Newsletter, Sam Bankman-Fried, Shark Tank 0 Happy hump day, readers. Phil Rosen right here. I’m nonetheless mulling over a conversation I had yesterday with Shark Tank’s “Mr. Wonderful,” Kevin O’Leary. Top of thoughts, inevitably, was final week’s implosion of FTX, as O’Leary was a spokesperson and investor with the alternate. It was our third conversation collectively, and O’Leary shared candid ideas on his FTX investments going to zero, in addition to…
The method to Elon Musk’s Twitter madness reveals itself
Newsbreak 4 months ago in 10 things in tech, Amazon, Around The World, Elon Musk, Newsletter, Newsletters, Tech, Tech Insider, Twitter 0 Welcome to the working week. This is Matt Weinberger, deputy editor of tech evaluation, filling in as soon as once more for Jordan Erb. By the time you learn this, I’ll have spent my weekend enjoying a ton of the brand new “God of War: Ragnarök” for the PlayStation 5. On Friday, the United States noticed the Veterans Day vacation. And for those who’re simply getting…
FTX’s blowup is a turning point for Wall Street’s crypto adoption journey
TGIF! It’s Dan DeFrancesco checking in from NYC. This week has been a notably lengthy one, so please take pleasure in your weekend. You deserve it. Today we have tales on why you should be somewhat optimistic about a potential recession, more bad news for crypto, and a useful guide for what you should be streaming. But first, the place does Wall Street go from right…
How the same mistake led to thousands of layoffs across the Tech industry
Newsbreak 4 months ago in 10 things in tech, Around The World, Elon Musk, Layoffs, Mark Zuckerberg, Meta, Newsletter, Newsletters, Tech, Tech Insider, Twitter 0 Hello, and Happy Friday. This is Matt Weinberger, Insider’s deputy editor of tech evaluation, filling in for Jordan Erb for the subsequent week. By method of introduction: I simply took this new function after a protracted stint main our newsroom’s cloud computing protection; I’m stage 39 in Pokémon Go; and my BTS biases are RM and Jin. Today marks the finish of every week that…
Inflation is getting less hot – and the greatest-case scenario for stocks just played out.
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, crypto, Economy, Fed, ftx, Markets, Newsletter, Sam Bankman-Fried, Stock Market Outlook 0 Happy Friday to my favourite nook of the web. Senior reporter Phil Rosen right here one final time earlier than the weekend. If you did not examine your portfolios yesterday, take a peek now if you wish to really feel like Christmas got here early. The inventory market just had its greatest day of the yr. We can chalk that as much as the Thursday…
Goldman Sachs just announced its newest partner class. From trading to investment banking, here’s the businesses that got the most,...
Newsbreak 4 months ago in 10 Things on Wall Street, Around The World, Finance, Newsletter, Wall Street 0 Hiya! It’s Dan DeFrancesco checking in from NYC. It’s been an extended week for many people, however we’re virtually there. On faucet right this moment we have got the newest on the FTX-Binance drama, Elon’s plans for turning Twitter into a fintech, and how to navigate your next job interview. But first, the picks are in for one among the most unique golf equipment on Wall…
Facebook employees react to being laid off
Newsbreak 4 months ago in 10 things in tech, Around The World, Facebook, Layoffs, Meta, Newsletter, Newsletters, Tech, Tech Insider 0 Happy Thursday, readers. I’m your host, Jordan Parker Erb. I’m spending a number of days away at a convention, so I’ll be leaving you within the succesful arms of Insider’s Matt Weinberger for the subsequent week. I’ll see you quickly. The main story right now is the continued fallout from Meta’s layoffs. After the corporate let go 1000’s of employees on Wednesday, some took to…
Binance just bought FTX. Here’s how rumors of insolvency and fears of contagion led Sam Bankman-Fried into a deal.
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Binance, cryptocurrency, Dealmaking, Economy, Fed, Federal Reserve, ftx, Markets, Newsletter, Sam Bankman-Fried, Wall Street 0 Good morning group, Phil Rosen right here. When I wakened yesterday, I might not have guessed that the day after a main US election (live updates here) I’d be main the e-newsletter with cryptocurrency — however the world of deal-making waits for nobody. Here’s the brief of it: The once-top-dog crypto agency, FTX, helmed by 30-year-old billionaire Sam Bankman-Fried, is being bought by Binance amid…
Facebook has announced layoffs. Here’s which teams are likely to be affected.
Newsbreak 4 months ago in 10 things in tech, Around The World, Facebook, Mark Zuckerberg, Meta, Newsletter, Newsletters, Tech, Tech Insider 0 Hello once more, tech followers. Writing to you from New York, I’m your host, Jordan Parker Erb. First issues first: outcomes from the 2022 midterm elections are nonetheless coming in – follow Insider’s live coverage here. But within the tech world: There’s one factor we won’t appear to escape — layoffs. This morning Meta announced it’s going to lay off more than 11,000 employees. Salesforce is reportedly…
Inside BlackRock’s long journey toward crypto adoption
Newsbreak 4 months ago in 10 Things on Wall Street, Around The World, Finance, Newsletter, Wall Street 0 Hiya! It’s Dan DeFrancesco checking in from NYC (however not for long — although the Powerball drawing has been delayed, I plan on successful it quickly and jetting off some place the place it is all the time 80 levels). Today we have tales on fintech trends not getting enough attention, an inside look at the layoffs ravaging the tech industry, and a few tips from…
Midterms could be a ‘recreation changer’ for stocks – and experts see big upside for the S&P 500 this election...
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Economy, FundStrat, Goldman Sachs, Markets, Midterms, Morgan Stanley, Newsletter, Stock Market Outlook 0 Good morning, readers. Senior reporter Phil Rosen right here, writing to you from Manhattan. It’s election day in the US, and numerous polls sign that cash is high of thoughts for voters. Americans for months now appear to only care about the economy. Inflation’s at a multi-decade excessive, housing prices are painful to have a look at, and costs at the pump stay stubbornly elevated. …
Why Twitter’s downloads and usage have surged following Elon Musk’s takeover
Newsbreak 4 months ago in 10 things in tech, Around The World, Elon Musk, Newsletter, Newsletters, Tech, Tech Insider, Twitter 0 It’s midterm Election Day within the US. With key races unfolding throughout the nation, we have a repeatedly updated live blog you possibly can observe for the most recent information. As with every part in 2022, there’s an Elon Musk angle: Yesterday, he encouraged his followers to elect a Republican Congress, regardless of beforehand saying that Twitter needs to be “politically neutral.” I’m your host,…
One of Wall Street’s most exclusive clubs is about to add a few more members
Newsbreak 4 months ago in 10 Things on Wall Street, Around The World, Finance, Newsletter, Wall Street 0 Hiya! It’s Dan DeFrancesco checking in from NYC. If you’re feeling such as you’re popping out of a sugar coma, here’s some tips for how to quit the candy. Today we have got tales on the troubles in China and why that’s not good for the worldwide economic system, the VC who built a reputation as a fintech super-connector, and a NASCAR driver doing the type…
Facebook likely has your contact info — even if you never signed up for its companies. Here’s how to remove...
Newsbreak 5 months ago in 10 things in tech, Around The World, Elon Musk, Facebook, Meta, Newsletter, Newsletters, Tech, Tech Insider, Twitter 0 Hey, y’all. Writing to you from New York City, I’m your host, Jordan Parker Erb. What did you do within the transient window that Instagram was down yesterday? Maybe you laid face down in the dead of night or possibly you did not even discover the outage. Either manner, it seems to be again up, so we are able to all return to our often…
America is facing a dramatic diesel shortage that could get even worse
Newsbreak 5 months ago in 10 things, 10 things opening bell, Around The World, Bank of America, China, Diesel, Economy, Energy, Europe, Finance, Fuel, Halloween, Markets, Newsletter, Russia 0 Good morning markets individuals, I’m senior reporter Phil Rosen. If you are like me, breakfast this morning consists of the Halloween sweet you “forgot” to go away out for trick-or-treaters final evening. (Don’t fear, I will not inform anybody.) Or possibly, you loaded up forward of time so that you could meet the push and have leftovers. Econ 101, actually — when demand overruns provide,…
Schonfeld is rolling out a team focused on credit in another sign of Wall Street’s rising interest in debt investing
Newsbreak 4 months ago in 10 Things on Wall Street, Around The World, Finance, Fintech, Markets, Newsletter, Schonfeld, Wall Street 0 Happy Halloween! It’s Dan DeFrancesco checking in from NYC. I’m dressing up because the spookiest factor of all: consumer outflows. Today we’ll find out why fintechs should have more than one bank relationship, break down the best way to get a new, higher-paying job at your old employer, and take a peek inside one of the swankiest NYC office buildings. But first, the brand new lenders…