Category: Wall Street
‘This is a warning to the Fed’: Wall Street reacts to the collapse of Silicon Valley Bank, the biggest bank...
NYSE Regulators shut down Silicon Valley Bank on Friday, putting it into FDIC receivership. Early Friday, trading was halted for the stock after it plunged 87% in two days. Wall Street strategists and executives shared their reaction to the first bank collapse since 2008. Silicon Valley Bank’s collapse has sparked panic as the financial industry sees the biggest bank failure since 2008. Regulators in California…
Artificial intelligence is on the brink of an ‘iPhone moment’ and can boost the world economy by $15.7 trillion in...
Newsbreak 4 weeks ago in AI, Apple, Around The World, Artificial Intelligence, Bank of America, Big Tech, BOFA, ChatGPT, GDP, iPhone, Markets, MI Exclusive, Stock Market, Tech, Wall Street 0 AI is on the brink of an “iPhone moment,” according to Bank of America. imaginima/Getty Images Bank of America strategists predicted artificial intelligence will revolutionize everything as it teeters on its “iPhone moment.” AI has many commercial uses and will allow for the democratization of data, among other upsides. The global economic impact of the booming technology could reach $15.7 trillion by 2030, BofA said….
‘We haven’t left the bubble’: Wall Street’s elite investors are privately warning that the stock market is headed for a...
Newsbreak 1 month ago in Alyssa Powell, Around The World, China, China Economy, Discourse, Economy, European Union, Federal Reserve, Finance, Germany, Inflation, Insider Illustration, Interest Rates, Investing, Jerome Powell, Markets, News, Politics, recession 2023, Stock Market Crash, Wall Street 0 Wall Street was lulled into a false sense of safety, in keeping with the investing world’s elite, and this complacency will make the coming stock market reversal even more excruciating. Getty Images; Alyssa Powell/Insider Elite investors are privately warning that the market is headed for a second wave of pain The stock market has began off the year in a state of euphoria, shrugging off…
I’ve been a Wall Street economist for 15 years. The deluge of crappy analysis being spouted by so-called ‘specialists’ has...
Newsbreak 2 months ago in Around The World, Discourse, discourse-freelance, Economy, Federal Reserve, Finance, GDP, Inflation, Insider Illustration, Investing, Investments, Markets, Neil Dutta, News, Recession, Robyn Phelps, Stock Market Crash, Wall Street 0 A brand new ecosystem of alarmist analysts is utilizing low-quality knowledge to push a narrative of stock market doom and recession gloom. iStock; Robyn Phelps/Insider If an ‘professional’ is warning you that the market is about to crash, verify their math Beyond popping up as speaking heads on cable information, Wall Street analysts and economists serve an important goal serving to to information the monetary…
The massive wave of layoffs is giving tech workers a brutal wake-up call about the reality of work
Newsbreak 2 months ago in Alphabet, Around The World, Careers, Discourse, Economy, Facebook, Finance, Future of Work, Goldman Sachs, Google, Insider Illustration, Job Market, Layoffs, Markets, Meta, Morgan Stanley, Rachel Mendelson, Salesforce, Strategy, Tech Insider, Tech layoffs, Wall Street 0 Layoffs are forcing tech workers to confront a harsh fact: the office is not the same factor as a household. iStock; Rachel Mendelson/Insider Dehumanizing. Gut-wrenching. Slap in the face. Betrayed. Tech workers are utilizing all kinds of emotional phrases to explain the layoff wave that has gripped the trade and turn into the speak of the enterprise world. “I’m shocked and hurt and still processing,”…
Disney’s Bob Iger shocker is the latest sign that Wall Street is calling the shots at major corporations. Here are...
Newsbreak 4 months ago in Activist investors, Around The World, Bob Iger, Disney, Finance, Markets, MI Exclusive, Stock Market, Wall Street 0 Photo by Michael Loccisano/Getty Images Wall Street has elevated its pressure on corporations to get extra environment friendly amid the ongoing inventory market decline. Bob Iger’s abrupt return to Disney as CEO this week is the latest instance that buyers are calling the shots. Corporate titans like Meta’s Mark Zuckerberg and Alphabet’s Sundar Pichai have not been proof against the pressure from Wall Street. When…
Meet 25 up-and-coming traders, merchants, and dealmakers at firms like Apollo, BlackRock, and JPMorgan
Fidelity; General Atlantic; Jefferies Group; Goldman Sachs; Rachel Mendelson/Insider Each yr, Insider highlights Wall Street rising stars. These are up-and-comers in funding banking, buying and selling, and asset administration. All are 35 or youthful. Check out our full record. As Wall Street navigates risky markets, fewer offers, and plummeting firm valuations, we have a look at the gamers rising up regardless of the challenges and…
The unbelievably fast world of Caroline Ellison where ‘somebody suggests one thing’ then ‘an hour later and it’s already occurred’
Newsbreak 4 months ago in Alameda research, Around The World, Caroline Ellison, crypto, cryptocurrency, ftx, FTX Sam Bankman-Fried, News, Sam Bankman-Fried, Wall Street, weekend BI US 0 Caroline Ellison. Screenshot from Caroline Ellison’s Twitter, @carolinecapital In a 2020 FTX podcast, former Alameda Research CEO mentioned she “took a blind leap into the unknown” when she joined Sam Bankman-Fried. WSJ first reported on the remarks, after Ellison has drawn elevated scrutiny for her function within the demise of FTX. On Friday, bankrupt FTX-linked Alameda fired Ellison and different execs. Caroline Ellison mentioned she…
Warren Buffett’s Berkshire Hathaway reveals it sold about $4 billion of US Bancorp stock – and likely scored a $600...
Newsbreak 5 months ago in Around The World, Bank stocks, Banking, Berkshire Hathaway, BYD stock, Electric Vehicles, Markets, MI Exclusive, stock portfolio, stock sales, Stocks, US Bancorp, Wall Street, Warren Buffett 0 Warren Buffett. AP Images Warren Buffett’s Berkshire Hathaway sold over 60% of its US Bancorp stock for about $4 billion. The investor’s firm has slashed its stake within the financial institution from practically 10% to underneath 4% this yr. Berkshire was a web purchaser of shares within the third quarter, however it has trimmed positions akin to BYD. Warren Buffett’s Berkshire Hathaway has cashed in…
An investor with 35,000 rental houses is sitting on $3 billion of ‘dry powder’ as it waits for the perfect...
Newsbreak 5 months ago in Around The World, Housing Market, Landlords, Real Estate, rental homes, single family rental, Wall Street 0 Tricon Residential is slowing purchases in the face of increased rates of interest, however expects there will likely be alternatives to buy bigger portfolios at discounted costs in the future, its CEO, Gary Berman, mentioned. pbk-pg/Getty Images Tricon Residential is one of the largest homeowners of single-family rental homes in the US. The SFR business boomed throughout the pandemic, however large traders are slowing purchases…
Goldman Sachs just announced its newest partner class. From trading to investment banking, here’s the businesses that got the most,...
Newsbreak 5 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…
Binance just bought FTX. Here’s how rumors of insolvency and fears of contagion led Sam Bankman-Fried into a deal.
Newsbreak 5 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…
Inside BlackRock’s long journey toward crypto adoption
Newsbreak 5 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…
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…
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…
Inside ex-Goldman Sachs banker Gregg Lemkau’s big bet on himself
Newsbreak 5 months ago in 10 Things on Wall Street, Around The World, Credit Suisse, Finance, Musk, Newsletter, Twitterl, Wall Street 0 TGIF! It’s Dan DeFrancesco checking in from NYC. Well, there you will have it of us, Elon Musk is officially Twitter’s new owner, bringing a near months of pricey litigation. However, the drama is not over simply but, as sources say Musk has already fired not less than 4 prime execs, including CEO Parag Agrawal. Speaking of Elon, we have ideas from one fintech govt on…
Top VCs view payments startups as ‘inflation hedged.’ Here’s why they’re so bullish on the space.
Newsbreak 5 months ago in 10 Things on Wall Street, Around The World, Finance, Newsletter, Wall Street 0 Hey there! It’s Dan DeFrancesco checking in from NYC. Hang in there. The weekend is almost here. Today we’ve got the most likely candidates to build a so-called ‘super app’ in the US, sports startups that investors are excited about, and more Elon Musk shenanigans. But first, credit or debit? If this was forwarded to you, sign up here. Download Insider’s app here. VCs see big…
25 up-and-coming investors, traders, and dealmakers at firms like Blackstone, JPMorgan, and Citadel
Fidelity; General Atlantic; Jefferies Group; Goldman Sachs; Rachel Mendelson/Insider Each year, Insider highlights Wall Street rising stars. These are up-and-comers in investment banking, trading, and asset management. All are 35 or younger. Check out our full list. As Wall Street navigates volatile markets, fewer deals, and plummeting company valuations, we take a look at the players rising up despite the challenges and grasping opportunities as…
JPMorgan’s Jamie Dimon says Russia’s war on Ukraine and other geopolitics are more concerning than a recession
Newsbreak 5 months ago in Around The World, Finance, Geopolitics, Jamie Dimon, JPMorgan, Markets, MI Exclusive, Russia, Saudi Arabia Future Investment Initiative, Ukraine war, Wall Street 0 JPMorgan CEO Jamie Dimon. REUTERS/ Larry Downing JPMorgan CEO Jamie Dimon warned that geopolitical matters are more concerning than a recession right now. Regarding a recession, Dimon said “we’ll manage right through that.” He made comments at Saudi Arabia’s Future Investment Initiative conference on Tuesday. While a recession looms, JPMorgan CEO Jamie Dimon warned that geopolitical uncertainty poses a more concerning threat to the global…
The Elon Musk-Twitter saga could finally be coming to end
Newsbreak 4 months ago in 10 Things on Wall Street, Around The World, Elon Musk, Finance, Newsletter, Twitter, Wall Street 0 Welcome again! Dan DeFrancesco checking in from NYC. Here’s hoping you had a terrific weekend. Today, we’re protecting an investment bank trimming headcount, the variety of billionaires pledging to give away most of their wealth falling to a record low, and why key guarantees from the legalization of weed have gone up in smoke. But first, it is the end of an period. If this was…