Entrepreneurial young people flock to 'mini private equity' as the job market stagnates
8 min read
Meet the tiny investment bank behind Newsmax's rip-roaring stock debut
A little-known investment bank called Digital Offering was behind Newsmax's public stock offering. An exec explains how the firm won the deal.
4 min read
Deloitte is the biggest loser so far in DOGE's consulting crackdown
Deloitte has had at least 127 government contracts cut or modified since January, a BI analysis found. DOGE said the savings were about $370 million.
3 min read
Charlie Javice must wear an ankle monitor despite her budding Pilates career, judge rules
Lawyers for the convicted JPMorgan defrauder argued that she couldn't wear a monitor due to her "particularly challenging and dynamic" teaching style.
4 min read
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Millennium and Citadel lose money for the second straight month in a turbulent March
Multistrategy managers have so far outpaced the stock market, which had its worst quarter in years to start 2025.
3 min read
Jensen Huang and Michael Dell are out of the $100 billion club after a terrible quarter for stocks
Jensen Huang, Michael Dell, and Amancio Ortega exited the ranks of the very richest after stocks tumbled in the first quarter, denting their net worth.
3 min read
How Mastercard is building the Venmo of crypto
From JPMorgan to the everyday American, here's how Mastercard wants to build the payments network of the future.
5 min read
The late Charlie Munger said investing in Alibaba was a huge mistake. He might have been wrong.
Charlie Munger, Warren Buffett's late business partner, called Alibaba one of his gravest errors, but the Chinese tech giant's stock has since surged.
4 min read
Larry Fink wants to build a new BlackRock — this time in private markets
BlackRock's Larry Fink said in his annual letter that 2025 is potentially a "pivotal moment" in investing, as he laid out his private markets playbook.
3 min read
Elon Musk is finding out why Warren Buffett steers clear of politics
Tesla is being targeted over Elon Musk's ties to Donald Trump, showing Warren Buffett was right to worry that getting political could hit his company.
4 min read
'Captain America' star Anthony Mackie tells young actors to think like investors and diversify their portfolios
The "Captain America: Brave New World" star said performers can't rely on remaining "hot" forever and spoke about how he keeps his four sons grounded.
3 min read
Goldman Sachs is hiring someone to manage its fleet of private jets
Goldman Sachs is offering up to $160,000 for an associate to help CEO David Solomon and other top execs get around on the bank's private Gulfstreams.
4 min read
Charlie Javice verdict: Frank founder is guilty in $175M defrauding of JPMorgan Chase
Charlie Javice's trial verdict is in: The Frank student aid startup founder is guilty of defrauding JPMorgan. The max sentence is 30 years in prison.
5 min read
These banks stand to be the biggest winners of the Senate's decision on overdraft fees
Overdraft fees have been on the decline, but a new Senate decision could herald their comeback. See which banks stand to win.
3 min read
EY boss Janet Truncale pushes a major shake-up of the Big Four firm after her predecessor's attempt failed
Truncale is implementing transformational changes to the Big Four firm, marking a clear break from EY's failed bid to split audit and consulting.
3 min read
Warren Buffett is beating the market with Berkshire Hathaway up 17%
The Berkshire Hathaway stock is up 17%, proving Warren Buffett's ability to strike a win no matter how shaky the circumstances.
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One of Schonfeld's top macro investors has stopped running a book at the $12 billion firm to focus on developing talent
Mitesh Parikh joined hedge fund Schonfeld in 2021 and is the firm's cohead of its discretionary macro and fixed income unit.
3 min read
Now Robinhood says it will deliver cash to your door
Robinhood says customers can skip trips to the ATM and get cash delivered straight to their door if they sign up for its banking services.
2 min read
Wall Streeters' record 2024 bonuses were about 4 times as much as the average US worker makes in a year
Wall Street bonuses reached an average $244,700 in 2024, a new report says. But a stalled dealmaking landscape is spelling warning signs this year.
4 min read
Warren Buffett is totally crushing it this year
Berkshire Hathaway stock has soared 16% this year as investors bank on Warren Buffett to not just weather the storm, but profit from it too.
5 min read
Looking for a career in private equity? Here's how to navigate the slump.
The Golden Age of private equity is over, but hot opportunities still abound if you know where to look.
5 min read
The golden age of private equity is over. Here is what it means for your career.
Building a portfolio of companies to grow and sell is not as profitable as it once was. Here's what it means for the private equity career path.
8 min read
Another bank jumps on the 5-day RTO train
The Ken Moelis-led investment bank joins a growing number of companies calling workers back to the office Monday through Friday.
3 min read
Someone finally won Warren Buffett's $1 million March Madness contest
A Berkshire Hathaway employee has bagged Warren Buffett's $1 million prize after calling 31 of 32 games in the first round of March Madness.
3 min read
Ray Dalio has a new gig very far from home: advising an upstart $900 billion fund
The sovereign wealth fund, which reports directly to Indonesia's president, is under scrutiny about transparency and governance.
2 min read
A former Point72 exec's new data startup hopes to strip away big funds' deep-pocketed advantage
The new venture raised $55 million from investors such as Michael Kives' K5 Global and Jim Pallotta's Raptor Group.
3 min read
Will.i.am says he invested in Tesla before Elon Musk became CEO — but missed out on Airbnb
The Black Eyed Peas star said he bought into Tesla years before it went public, but messed up by rejecting the chance to be an early Airbnb investor.
3 min read
The list of major companies laying off staff this year, including Morgan Stanley, Wayfair, Block, and Meta
Layoffs have hit companies from HPE to Meta and Boeing already in 2025 amid a backdrop of cost-cutting and technological change.
18 min read
George Foreman made way more money from his grills than boxing
The George Foreman grill, endorsed by the heavyweight champion, became a cultural phenomenon — and earned the boxer hundreds of millions of dollars.
4 min read
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$20 billion Rokos defies the market volatility that has stung big-name funds this month
Chris Rokos' $20 billion fund has had a strong month.
2 min read
$8 billion hedge fund Whale Rock is off to a rough start this year after soaring in 2024. Its founder says volatility 'comes with the tech territory.'
"Humility is an important aspect of this," Whale Rock founder Alex Sacerdote said about investing on a recent podcast.
3 min read
JPMorgan renamed its DEI programs amid pressure from Washington. Read the full memo.
JPM will replace "equity" with "opportunity" in rebranding its DEI programs. An exec says "e" meant "equal opportunity to us, not equal outcomes."
6 min read
Who is Bill Chisholm, the man behind the record-setting $6 billion purchase of the Boston Celtics?
Bill Chisholm, cofounder of STG, paid $6.1 billion for the storied Boston Celtics, the most ever paid for a North American sports team.
3 min read
Meet Françoise Bettencourt Meyers, the L'Oréal heiress worth about $80 billion
L'Oréal heiress Françoise Bettencourt Meyers is stepping down from the company's board of directors in 2025 after nearly 30 years.
7 min read
It's 'really hard' to be a public company right now, a senior fund manager says
Peter Singlehurst, head of private companies at investment firm Baillie Gifford, said you can build a better business by staying private.
2 min read
The 14 top recruiting firms to know to break into private equity, hedge funds, and other buy-side jobs
Getting a job in private equity or hedge funds can be hard, especially for young talent. Knowing the right recruiters is key.
15 min read
Elon Musk's stake in Tesla is becoming a smaller and smaller slice of his fortune
The value gap between Elon Musk's holdings in SpaceX and Tesla stands at $43 billion following the slide in the EV maker's stock this year.
2 min read
Investors are hunting for cheap Russian assets amid Ukraine peace hope — but big risks remain
Investors are betting that a peace deal and sanctions relief would boost Russian asset values. Even if that happens, plenty of uncertainty remains.
3 min read
On Robinhood, Sunday night is the new Monday morning for trading
Steve Quirk, Robinhood's chief brokerage officer, said Sunday nights are now the busiest nights on the platform for trading since Trump took office.
3 min read
7 Uber and Lyft drivers on how they maximize earnings in a tip-averse culture
As Uber and Lyft drivers see fewer tips, some share their strategies for winning over customers.
7 min read
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Leaked memo: Inside JPMorgan's RTO plan for its largest office
JPMorgan's biggest office campus has received their back-to-office instructions. Here's what 12,000 mostly tech workers are going back to.
5 min read
I didn't buy my first home until I was in my 50s. I wish I'd done it sooner.
Margaret Awano's lifelong dream was to own her own home, but she kept pushing it back. When she got a mortgage in her 50s, the terms weren't what she hoped.
3 min read
Bank of America targets a longstanding Wall Street tradition in its latest effort to address junior banker burnout
Bank of America is reinventing the role of the investment banking "staffer," responsible for doling out tasks to junior bankers.
3 min read
Warren Buffett is now richer than Bill Gates after $18 billion wealth gain this year
Warren Buffett has moved up on Bloomberg's rich list. His estimated $161 billion net worth puts him $1 billion ahead of Bill Gates.
3 min read
Inside the financial scheme that's crippling America's hospitals
Investors got rich bankrupting needy hospitals. Is it about to happen all over again?
11 min read
3 things to do now if recession jitters have you questioning your retirement plans
Recession fears have some worried, but financial advisors and economists said older Americans shouldn't make major changes to retirement accounts.
5 min read
Ben Affleck reality-checked his son who wanted $6,000 sneakers: 'I have the money — you're broke'
The movie star Ben Affleck's reminder to his teenager echoes similar comments from Shaquille O'Neal, Jerry Seinfeld, Chris Tucker, and Warren Buffett.
3 min read
exclusive
JPMorgan staff are using a private chat to vent about the incoming RTO mandate — and share intel
Some JPMorgan employees awaiting details on RTO enforcement have received some clues from an internal document leak.
5 min read
M&A and IPOs slump under Trump. Bank hiring could be next.
Wall Street's hopes of a dealmaking and hiring rebound have been put on hold as companies and buyout firms wait for the dust to clear.
6 min read