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☆ I left JPMorgan and escaped the 'golden handcuffs.' I have no regrets.
▼ + stars: | 2024-05-16 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

I started working in a towering office building in London, and I felt completely out of my depth. In 2016, I was about to move into an area I didn't want to work in when JPMorgan headhunted me. I had been stuck in golden handcuffs, but I was lucky that I didn't have some of the financial pressures other people have, like children. But I get much more of a sense of purpose from my work and feel like I am supporting people. If you left a high-paying career and would like to share your story, email Ella Hopkins at ehopkins@businessinsider.com.

Persons: —, Lucy Puttergill, It's, JPMorgan headhunted, I'd, I've, weren't, Gabor Mate, Ella Hopkins Organizations: Service, JPMorgan, Citi, Business, impressiveness, Mexico City Locations: South Africa, London, Italy, South America, Mexico, Cape Town , South Africa, ehopkins@businessinsider.com

☆ Momentum for spot bitcoin ETFs will continue: Swan's Steven Lubka
▼ + stars: | 2024-04-11 | by ( Talia Kaplan | Jordan Smith | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMomentum for spot bitcoin ETFs will continue: Swan's Steven LubkaSteven Lubka, managing director of Swan Private Client Services, discusses spot bitcoin ETF adoption as well as how inflation and interest rate expectations are impacting crypto markets.

Persons: Steven Lubka Steven Lubka Organizations: Swan, Client Services

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rebounds above $70,000, and Uniswap says SEC warned of potential lawsuit: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Steven Lubka, managing director of Swan Private Client Services, discusses spot bitcoin ETF adoption as well as how inflation and interest rate expectations are impacting crypto markets.

Persons: Uniswap, explainers, Steven Lubka Organizations: SEC, CNBC Crypto, CNBC, Swan, Client Services

☆ What’s wrong with Tesla?
▼ + stars: | 2024-04-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

EV sales growth has been slowing for a while but in the last two quarters, EV sales didn’t increase much at all, according to estimates from Cox Automotive. “Looking at the data, the big [EV] slowdown is shaping up to be a Tesla slowdown,” said Valdez Streaty. Last year, Tesla sales were up 38% compared to 2022, but investors had expected more. While that’s much less than the roughly 80% of EV sales Tesla accounted for in 2019, according to Edmunds.com, it’s still a majority. But, if you leave out Tesla, sales of other electric vehicles, as a group, were up 33%.

Persons: Tesla, Elon Musk, Stephanie Valdez Streaty, Ford, ”, Valdez, It’s, Teslas, it’s, ” Valdez Streaty, Musk, tirades, Søren Holm, ” Tesla, ” Holm, Holm, “, Chris Isidore Organizations: CNN, Cox Automotive, Audi, BMW, Mercedes, EV, Tesla, Ford, Hyundai, Twitter, Reuters, Caliber, Covid Locations: United States, Edmunds.com, Teslas, Denmark

☆ After Vice Media's fall, 4 of its top marketers are starting their own agency focused on AI. Here's how they're pitching clients.
▼ + stars: | 2024-02-07 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

The result is Sounds Fun, which they call an AI and innovation studio and announced this month. He also said Sounds Fun would treat artists with respect, using their creative work with their consent and ensuring they're credited and compensated. One of their highest-profile projects at Virtue, and the kind of work Sounds Fun hopes to build on, was Coke's Y3000 project . For Microsoft's developer conference, Ignite, Sounds Fun worked with artists on a variety of AI experiences, including an AI vending machine that made individualized pieces of art and haikus based on people's utterances. Check out slides from the deck Sounds Fun is using to pitch marketers its work with AI and other technologies.

Persons: It's, Iain S, Thomas, Isabel Muñoz Cadilla, Alex Gangi, Martin Magner, they're Organizations: Virtue, Business, Media, Companies

The pay data includes salaries ranging from a data scientist position that offers $170,000 per year at Discord to a staff engineer role that earns $250,000 or more at Patreon. AdvertisementHere are the annual salaries for a job at FaZe Clan:Legal Counsel: $142,273 median starting range; from $133,308 to $194,437FaZe Clan did not respond to BI's request for comment. At LTK, a senior software engineer would make $130,000Courtesy of LTKLTK, formerly known as RewardStyle, is an affiliate-marketing and social-commerce platform used by influencers across Instagram, YouTube, and TikTok. At Teachable, a level II senior software engineer would make $190,000Teachable is a platform where creators can build and sell online courses and coaching programs. Here are annual salary ranges for several jobs at Teachable:Data Analyst : $69,826 to $85,000: $69,826 to $85,000 Senior Software Engineer : $160,000 to $180,000: $160,000 to $180,000 Senior Software Engineer - Core : $150,000 to $170,000: $150,000 to $170,000 Senior Software Engineer II : $190,000: $190,000 Software Engineer: $125,000 to $135,000Teachable did not respond to BI's request for comment.

Persons: upstarts, we're, Justin Kenna, they've, ByteDance, Teachable, Konstantin Savusia, James Nord, Brandon Brown, Ryan Brown, Brian Mechem, Warby Parker, Grin, Amanda Perelli, Anthony, Alex Zaccaria, Nick Humphreys, Linktree's, Amber Venz, Baxter, Read, Sydney Bradley, economy's, Patreon, Chris Best, Jason Henry Substack Organizations: YouTube, Business, FaZe, Safety, Software, Security, Enterprise Security, FaZe Clan, Fohr, Inc, Grin Technologies, Facebook, Keli Network Inc, Business Affairs, Jellysmack, Linktree, Ops, RewardStyle Inc, Networks, Mighty Networks, Mighty Software, Engineering, Sydney, Sydney Bradley One, BI, Staff, Social, Data Engineering, Trust, Quality Assurance, Hotmart, & $ Locations: California, New York, Texas, FaZe, Fohr, Jellysmack, Karat, Linktree, LTK, Instagram, Dallas , Texas, Teachable

☆ Social and influencer-marketing agency The Fifth, part of Murdoch's News Corp, is shutting down its UK talent division
▼ + stars: | 2023-11-14 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

The Fifth, a social-creative agency originating in the UK, is shutting down its talent-management arm in the country, the company confirmed to Business Insider. The company is part of News UK, a media conglomerate that operates news outlets like The Times, The Sunday Times, and The Sun. The Fifth was founded in 2019 by Oliver Lewis, formerly News UK's director of digital strategy and partnerships, and The Fifth's talent division was launched a year later. Citing changes in the UK market, the company said it had decided to focus its efforts on the social-creative and influencer-marketing side of the business. Do you work at The Fifth or other talent management firms in the UK or have insight to share?

Persons: Oliver Lewis, It's, Dan Wang Organizations: Business, News UK, Times, Sunday Times, Sun . News, Rupert Murdoch's News Corp, Eurostar, BareMinerals, Columbia Business School

☆ From rolling out OpenAI's GPT-4 to employees to preventing $27 billion in fraud, Visa exec Rajat Taneja opens up about the payments giant's AI playbook
▼ + stars: | 2023-09-14 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Visa relies on AI for mission-critical tasks like processing payments, detecting fraud, and securing its massive network infrastructure. It has more than 300 AI models that are live and operating. "AI is going to be a huge part of how we grow, but it'll also be part and parcel of everybody's work," Taneja said. Visa continues to experiment with similar AI models, like Meta's AI model Llama 2 and those from French-American company Hugging Face, Taneja said. Visa introduced AI models that ingest billions of data points every day to train on, learn patterns, and identify any cybersecurity or payment-security threats.

Persons: It's, Rajat Taneja, it'll, Taneja, it's, coder, counterfeits Organizations: Visa, Microsoft Locations: American

☆ Column: US Medicare drug negotiations a good start on bringing down healthcare costs
▼ + stars: | 2023-08-31 | by ( Mark Miller | ) www.reuters.com time to read: +6 min

And in 2025, a $2,000 annual cap on out-of-pocket costs for drugs under Medicare Part D takes effect. But drug costs are just one aspect of the healthcare cost problems confronting seniors. Inadequate protection from out-of-pocket costs across the Medicare program also poses a threat. Enrollees in fee-for-service Medicare can appeal direct to Medicare; in Medicare Advantage, the appeal process begins with your specific insurer. She also recommends that enrollees review their monthly statements that explain what healthcare services have been covered.

Persons: Biden, ”, Hector Ortiz, Sarah Murdoch, Murdoch, ” Murdoch, Joe Biden, Mark Miller, Matthew Lewis Organizations: U.S, drugmakers, Medicare, Consumer Financial Protection Bureau, Seniors, Medicare Rights Center, Center, Reuters, Thomson

☆ My company runs on a 4-day workweek. Our days can be intense but revenue has increased and we're never going back.
▼ + stars: | 2023-08-11 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

His company switched to a four-day workweek and saw an increase in revenue. I'd heard about companies, particularly in the UK, experimenting with a four-day workweek, and it made a lot of sense to me. A condensed workweek can be more intenseWe heard from employees that they loved the four-day workweek and never wanted to go back to the old way. If you want to try a four-day workweek at your company, here's my advice:Don't jump in feet first without a preliminary test. If your company's compensation is tied to time, a four-day workweek will be less successful.

Persons: Taylor Rosenbauer, RocketAir, we're, —, workweek, I'd, hasn't, it's Organizations: Service Locations: Wall, Silicon

☆ The stablecoin market has shrunk this year while bitcoin has rallied — What investors should know
▼ + stars: | 2023-08-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin is up more than 75% this year, but the market capitalization for stablecoins has dwindled during the same period. "This is unusual as often the market capitalization of stablecoin increases during rallies and decreases during downturns, matching the trend of the overall crypto market," JPMorgan analyst Steven Alexopoulos said in a note Thursday. "An explanation for the decline of the stablecoin market may be due to investors preferring the higher returns of bitcoin and Ethereum or even traditional assets (benefiting from a rise in interest rates)." In July, it hit an all-time high of $83.8 billion and now accounts for 68.5% of the overall stablecoin market. Tether's prominence Instead of focusing on declines in USDC, investors could point to Tether's growth as evidence of stablecoin inflows, for example.

Persons: Bitcoin, Steven Alexopoulos, bitcoin, USDC, Steven Lubka, Swan, David Wells, Coinbase, Lubka, Michael Bloom Organizations: U.S ., JPMorgan, Drivers, Bank, U.S, Services, Enclave Markets, U.S . Securities, Exchange Commission Locations: New York, Silicon, SVB, U.S, USDC

☆ 1st Source says data compromised in MOVEit data breach
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +1 min

July 10 (Reuters) - Financing firm 1st Source Corp (SRCE.O) said on Monday a third party gained access to data of its commercial and individual clients as part of the security breach involving popular file transfer tool MOVEit reported last month. The company did not disclose the scale of the data breach, but said it is in the process of identifying and notifying individual clients who have been impacted. 1st Source said it used the software for secure file transfers supporting internal operations and client services. Last month, the U.S. security researchers reported that hackers had stolen data from the systems of a number of users shortly after MOVEit's developer Progress Software Corp (PRGS.O) disclosed that a security flaw had been discovered. MOVEit allows organizations and governmental agencies to transfer files and data between business partners and customers.

Persons: Pritam Biswas, Shailesh Organizations: Source Corp, Progress Software Corp, Thomson Locations: U.S, Bengaluru

☆ Here's how one single father spent a decade planning for his dream family via surrogacy
▼ + stars: | 2023-07-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

Atlanta single father Jon had his son Theo after a decade of saving and strategizing with employer benefits and advocacy group help. "I worked for a decade to make this family happen," the Atlanta-based single father said. His company didn't initially offer fertility benefits for men. "The tech sector and the financial services sector have been very proactive in offering fertility benefits," said Anthony Brown, an attorney and manager of client services at Circle Surrogacy. The tech sector and the financial services sector have been very proactive in offering fertility benefits.

Persons: Jon, Theo, Jon G, Rebecca Willman, didn't, Anthony Brown, Brown Organizations: International Foundation of Employee Locations: Atlanta, U.S

☆ Is Goldman Sachs' partnership losing some of its shine?
▼ + stars: | 2023-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

As if all that wasn't enough, the leadership at Goldman Sachs had another cross to bear on Tuesday: two of its high-profile partners exiting the bank. (In fact, he made our annual list of rising stars on Wall Street in 2020.) That begs the question: Has Goldman Sachs' partnership lost some of its luster? And here's a running list of partners who have left Goldman Sachs under David Solomon. According to The Wall Street Journal, many of the industry's power players aren't looking forward to Biden-Trump part II.

Persons: Dan DeFrancesco, I'm, we've, Wall Streeter, Goldman Sachs, Sayonara, Goldman, Fred Baba, Dina Powell McCormick, Baba, George Floyd, Jane Street, Powell McCormick, Donald Trump, She's, Goldman alums, Byron Trott, Gregg Lemkau, David Solomon, Jane, Powell, Fred Baba's, Steve Cohen, Point72, Beth Abramson, Jeffrey Cane, Nathan Rennolds Organizations: JPMorgan, Bloomberg, Wall Street, Goldman, MSD Partners, Street, Biden, Trump, Financial Times, Nvidia, Netflix, LinkedIn Locations: NYC, Australia, New York, London

☆ Reports of 2 high-profile Goldman Sachs' partners exiting the firm as more layoffs are seen on the horizon
▼ + stars: | 2023-05-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

News broke Tuesday of two high-profile Goldman Sachs partners leaving the bank. It hasn't been smooth sailing at Goldman Sachs in recent months. As if all that wasn't enough, the leadership at Goldman Sachs had another cross to bear on Tuesday: news breaking of two of its high-profile partners exiting the bank. The exits come amidst a difficult few months for Goldman Sachs, which has seen a change in strategy, a reorg, disappointment over bonuses, and layoffs. Which begs the question: Has Goldman Sachs' partnership lost some of its luster?

Persons: Goldman Sachs, Fred Baba, Dina Powell McCormick, David Solomon, Baba, George Floyd, Jane Street, Powell McCormick, Donald Trump, She's, Goldman alums, Byron Trott, Gregg Lemkau, Jane, Goldman, Powell Organizations: Morning, Goldman, Bloomberg, Wall Street, MSD Partners, Street

☆ I built a website that brings in 6 figures in passive income. Here are my best tips on getting started, from using Google AdSense to growing organic traffic.
▼ + stars: | 2023-05-17 | by ( Robin Madell | ) www.businessinsider.com time to read: +11 min

He says getting advertisements onto his site was simple, and now he gets payouts every month. That motivated me to add some new features and optimize the site for search engines. I couldn't find any good resources on the web or in the Google search results with the information I sought. This is where an ad network came in — using a network to sell ad space keeps the entire process passive. For a small web publishing business, monthly net profit can be as simple as ad revenue minus hosting costs.

☆ Inside Wells Fargo's 'chaotic' journey to transform its services for the ultrarich
▼ + stars: | 2023-05-04 | by ( Hayley Cuccinello | Reed Alexander | ) www.businessinsider.com time to read: +23 min

In late 2020, some 300 Wells Fargo employees were summoned to a conference call. "I actually welcomed that, although I did like Abbot Downing," he said of folding Abbot Downing into the private bank. One team of legacy Abbot Downing employees with $3.5 billion in assets left for Hirtle Callaghan in June 2021. Today, Ginter runs a registered investment advisor called Callan Family Office, which some former Abbot Downing employees refer to as "the new Abbot Downing." Are you a current or former client of Wells Fargo Private Bank or Abbot Downing?

SHANGHAI/HONG KONG, March 20 (Reuters) - Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged clients might want to consider moving some assets to another bank if concentration was a concern, according to an internal memo. The memo dated Sunday, seen by Reuters, gave talking points to Credit Suisse (CSGN.S) staff for client conversations after a historic Swiss-backed acquisition of the troubled bank by UBS Group (UBSG.S). In a package orchestrated by Swiss regulators on Sunday, UBS will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse and assume up to $5.4 billion in losses. Credit Suisse also told staff to inform clients that plans for its investment banking business will be communicated in due course as details of its acquisition by UBS were still being worked out, according to an internal memo. We are fully focused on ensuring a smooth transition and seamless experience for our valued clients and customers," a Credit Suisse spokesperson said.

"With there being so much more to life than only achieving retirement, lifestyle investing focuses on using your assets to achieve your specific life goals." But Deer notes that lifestyle investing also capitalizes on other assets, such as education, health, time, relationships, and community involvement. With there being so much more to life than only achieving retirement, lifestyle investing focuses on using your assets to achieve your specific life goals." Rethinking your approach to time and moneyAccording to Deer, lifestyle investors must also look at two critical assets: time and money. Lifestyle investing seeks to combine the potential for a happy lifestyle now with a fulfilling retirement down the road.

☆ A Silicon Valley Bank VP, whose grandmother and aunt also worked at the bank, said he's 'heartbroken' for startups affected by its implosion
▼ + stars: | 2023-03-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A vice president at Silicon Valley Bank said he is "heartbroken" for startups affected by its collapse. JP Giannini said both his grandmother and his aunt had previously worked at the bank. Silicon Valley Bank's implosion on Friday sent shockwaves through the tech sector. Palo Alto-based Giannini said Silicon Valley Bank played an important role in his family for over 30 years, with both his grandmother and aunt also working there. At age 10, Giannini attended company picnics with his grandmother when she was still working at the bank, per Silicon Valley Bank's website.

☆ Don't miss these approaching deadlines if you have a health care flexible spending account
▼ + stars: | 2023-03-03 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +3 min

The most common deadline for this is March 31, she said, although some companies may give you six or 10 months. Some offer a grace period or carryover amountMeanwhile, some employers also provide a grace period to spend any remaining 2022 FSA money — meaning qualifying 2023 health care expenses also can be applied against last year's balance. "You can think of it as a two and half-month extension of your 2022 plan," Myers said. For those with a grace period, that share is 37%. Check with your employer about its FSA rulesIt's common for workers to not know what their employer's FSA rules are.

☆ Food banks, already struggling with high demand, are bracing themselves for an onslaught once emergency food stamps wind down: 'This is really, really going to hurt some of the most vulnerable populat
▼ + stars: | 2023-02-26 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Food banks are bracing for an onslaught amidst reduced resources and high prices. The food bank has already been up against high food and gas costs and increased demand. And it's not just the food banks themselves that will be affected but also the programs and partners the food banks work with. "A lot of people aren't really thinking in terms of that, that this is really, really going to hurt some of the most vulnerable populations." And while demand continues, there isn't as much food available as during the pandemic when food banks were given assistance.

☆ I'm a head of talent for Big 4 accounting firm EY. Here are the qualities I look for in candidates and how to showcase them in interviews.
▼ + stars: | 2023-02-01 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

EY's Ginnie Carlier gives her advice for how to get a job at an accounting firm. The Big Four accounting firm values lifelong learners and candidates with an "adventure mindset." Today, as the EY Americas vice chair of talent, I lead efforts to create exceptional experiences for over 98,000 people across 31 countries. We're looking for transformative leaders who go beyond a growth mindset to adopt an adventure mindset — just like I did! Candidates should feel empowered to ask questions throughout the processAsk about our firm, culture, business, and teams.

☆ Here are key things you need to know about health savings accounts as you near retirement
▼ + stars: | 2022-12-19 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

If you have a health savings account and are nearing retirement age, be aware that some of the rules are different for the older crowd. The standard HSA contribution limits for next year are $3,850 for self-only coverage (up from $3,650 in 2022) and $7,750 for family coverage (up from $7,300 this year). The definition of an HSA eligible, high-deductible health plan for 2023 depends on whether you have single or family coverage. A solo plan would need to have a deductible of at least $1,500 and a maximum limit of $7,500 on out-of-pocket expenses. For family coverage, the deductible is at least $3,000, with a $15,000 maximum on what members pay out of pocket.

☆ $2 million ranges, deleted job posts: NYC's salary transparency law is off to a rocky start
▼ + stars: | 2022-11-03 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Still, a revised entry for a post for a client services officer listed the salary range between $61,710 and $155,290 as of Wednesday, before it was taken down. A Citi respresentative tells CNBC Make It the company "is proactively reviewing all job postings to ensure the correct salary range is listed" and has "temporarily unposted select job postings and will repost when the salary range is confirmed." Employers test what it means to list a 'good faith' rangeThe law specifically states businesses hiring in New York City must post a "good faith salary range" for every job, promotion or transfer opportunity. But it's up to investigators to show a salary range isn't in good faith — not on companies to prove it is. The spirit of the law is to create transparency, and any company having large salary ranges like that doesn't create any transparency."

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