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Finance 2023-09-04T14:45:37Z

Meet Ted Pick, the hard-charging Wall Street trading boss who looks poised to succeed James Gorman as CEO of Morgan Stanley

The bank veteran is known for his Hermès ties, football-coach management style, and relentless drive, Pick's clients and ex-colleagues told Insider.
Finance 2023-09-04T14:40:19Z

Here are 6 ways the rich save big on taxes, from putting mansions in trusts to guaranteeing inheritance for future generations

What might seem to be farfetched tax mitigation tactics are perfectly legal, lawyers and bankers to the wealthy tell Insider.
Finance 2023-09-04T12:01:02Z

What Wall Street is telling employees about returning to the office, from Goldman Sachs to JPMorgan and Blackstone

See which banks, hedge funds, and private equity firms want their staff back five days a week and which allow some work from home.
Economy 2023-09-04T04:08:51Z

Russia says it will not let foreign banks exit the market easily — unless they unfreeze Russian assets

President Vladimir Putin's regime continues to impose an increasing number of punitive measures on companies trying to exit the Russian market.
Finance 2023-09-03T19:47:45Z

BlackRock is wrestling with succession planning. Here's the latest news on the biggest money manager.

BlackRock, which oversees $9.4 trillion, is planning for who will replace founder Larry Fink as CEO. Here's the latest BlackRock news from Insider.
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Premium Finance 2023-09-01T17:25:25Z

Wall Street's beach reads: 35 books to read on your summer vacation, picked by top investors, dealmakers, and traders

We compiled a list of books that Wall Streeters have recommended over the years that have helped them get ahead.
Markets 2023-09-01T13:50:06Z

A scrap metal scam led to hundreds of millions in estimated losses at Europe's top copper producer

The metals industry has been rocked by massive thefts over the past year, including a bag of rocks imitating nickel at the London Metal Exchange.
Markets 2023-08-31T15:25:08Z

Taylor Swift helps drive AMC Entertainment's stock higher after announcement of Eras Tour concert film

Taylor Swift's Eras Tour has been a massive success, and it even caught the attention of the Federal Reserve for its impact on local economies.
Finance 2023-08-31T09:11:56Z

UBS to cut 3,000 jobs in Switzerland after Credit Suisse takeover

UBS CEO Sergio Ermotti said it will lay off "around 1,000" workers as it integrates Credit Suisse's domestic bank. A further 2,000 cuts will follow.
Economy 2023-08-30T19:57:03Z

An indicator of Americans' willingness to gamble could suggest continued resilience in the US economy

The strength in Nevada's casino industry could serve as a broader signal to investors that the US economy is doing just fine.
Markets 2023-08-30T18:03:52Z

Here's why China's yuan will never be able to dethrone the US dollar

"That weaponization of the dollar is part of the reason why Russia, China, and other BRICS nations have vied for an alternative to the dollar."
Education 2023-08-30T17:12:15Z

I went to college for free in Scotland. Here are 5 things about my experience that Americans may find surprising.

Insider's reporter went to college for free in her homeland, Scotland. The country hasn't charged students tuition fees since before 2008.
Finance 2023-08-29T15:15:10Z

Inside Citadel's $19,000-a-month summer internship, where math whizzes are coached on everything from coding to drafting emails

Interns get face time with Citadel execs during company meals and learn how to craft 60-word emails, per Bloomberg.
Premium Finance 2023-08-29T09:44:00Z

54 up-and-coming fintechs transforming Wall Street and the way consumers bank, trade, invest, and pay, according to 34 top investors

Check out investors' top picks for promising fintechs. Behind-the-scenes firms and payment-, risk-, and compliance-related startups dominated this year's list.
Economy 2023-08-28T19:10:02Z

'Interest rates are killing our industry': Here's what businesses are saying about the Fed's impact on the economy

"For the first time in a long time, we are seeing customers reduce or cancel orders due to softening end-use demand," a survey respondent said.
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Markets 2023-08-28T13:54:16Z

The stock market could surge another 9% before year-end if the Fed does these 2 things, Wharton professor Jeremy Siegel says

The Federal Reserve needs to hold off on any further interest rate hikes for Jeremy Siegel's bullish stock market projection to materialize.
Premium Finance 2023-08-28T10:02:01Z

Blackstone's data center gamble

Blackstone's push into data centers reflects how it has sought to adapt to a fast-changing market as its giant real estate fund faces pressure.
Markets 2023-08-26T12:30:01Z

Consumers aren't even close to being tapped out. Here's why, and what that means for the stock market.

While $1 trillion in credit card debt might sound like a lot, what really matters is whether or not consumers can pay down those debts. They can.
Premium Finance 2023-08-25T14:47:43Z

BlackRock keeps delaying a new fund as the world's largest money manager wrestles with political attacks

Last fall, BlackRock filed to launch an ESG municipal bond exchange-traded fund. It hasn't launched while ESG has become a flashpoint on Wall Street.
Markets 2023-08-23T16:42:26Z

Bitcoin could drop to the $20,000 range if a key price level is breached

"We remain long-term neutral, but we are wary of negative catalysts that could develop from a bigger retracement," Katie Stockton said.
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