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☆ The Fed is draining the stock market and even the 'healthy fish' will die, billionaire investor Barry Sternlicht says
▼ + stars: | 2022-10-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed's scramble to hike rates and lower liquidity is draining the stock market, Barry Sternlicht warned. "So you thought the healthy fish would survive and the sick fish would die. But the Fed is draining the entire pond, so everyone's going to die." … So you thought the healthy fish would survive and the sick fish would die. But the Fed is draining the entire pond, so everyone's going to die," he said.

☆ Renters are finally being rewarded for paying the bills on time with cash back, gift cards, and even boosted credit scores
▼ + stars: | 2022-10-02 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Historically, the US's 44.2 million renters have written checks to their landlords and kissed that cash goodbye. In lieu of a security deposit, Up&Up users "invest" one month's rent into their Up&Up Wallet. Bilt: Building credit is as easy as paying rentAt the rental-rewards startup Bilt, renters are rewarded for paying rent. Piñata: Crack open the rewards while rentingPiñata, too, offers rewards for renters, alongside credit reporting. They can also have their rent payments reported to TransUnion.

☆ Credit Suisse bankers are preparing for 'Uli the Knife' to carve up the investment bank.
▼ + stars: | 2022-09-26 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

It's a tense time for many insiders at Credit Suisse. One person told me it's a case of "rinse and repeat," as Credit Suisse undergoes its second strategic review in less than a year. Law firm sued Credit Suisse over claims it misled investors on business dealings related to Russian oligarchs. Among the plans reported to be under consideration are a three-way split of the investment bank, according to the Financial Times. Under Chief Executive Ulrich Körner, Credit Suisse wants to transform its investment bank into a "capital-light, advisory-led banking business."

☆ Walmart's secretive fintech ONE is the new disruptor in consumer banking, and the retailer has nabbed talent from Wall Street mainstays like Goldman Sachs.
▼ + stars: | 2022-09-20 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

In January last year, the retailer said it was pursuing a partnership with venture-capital firm Ribbit Capital, which backed Robinhood. The next month, Walmart lured Omer Ismail and David Stark, two executives from Goldman Sachs' Marcus, over to work on a fintech initiative. Insider's Ann Gehan, Carter Johnson, and Ben Tobin have identified the key people shaping this effort at its fintech called ONE. Done deals :Acrisure, a fintech company that operates an insurance broker and real-estate services company, has acquired B2Z Insurance. Aditxt, a biotech company developing tech around monitoring the immune system, raised $20 million after selling 3.33 million shares on Nasdaq.

The Bilt Rewards program allows tenants to earn valuable points on rent payments without fees. That's about to change with the launch of the new Bilt Rewards program and Bilt Mastercard. If you're worried about using up your credit line or getting into debt, the Bilt credit card also offers a feature called Bilt Protect. Use Bilt points for fitness classesIn partnership with Soul Cycle, Rumble, and Y7, Bilt Rewards members can redeem points for group classes or subscriptions, starting at 2,500 points. If you're renting from a landlord included in the Bilt Rewards alliance, signing up for Bilt Rewards is a no-brainer.

☆ 55 Of The Most Serious Tennis Players In Finance
▼ + stars: | 2014-08-31 | by ( Julia La Roche | ) www.businessinsider.com time to read: +1 min

Getty ImagesThe competitive nature of playing a sport has helped a lot of folks succeed on Wall Street. Wall Street is littered with top tennis players. That's because many of the tennis players on Wall Street know each other very well and feel comfortable doing business together. What's more, a bunch of the younger players met their employers on the court, and certain firms just love tennis players in general. In short, the tennis court is great place for networking in general.

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