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☆ Getting rich is only a swipe away
▼ + stars: | 2023-06-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Actor Leonardo DiCaprio, in his role as Jordan Belfort in the 2013 film, "The Wolf of Wall Street." Now a fraudster is only one swipe away from pitching you on how he or she can change your life with this simple strategy. But for a population that has grown accustomed to on-demand entertainment and instant results, getting rich apparently out of nowhere seems completely plausible. And if you'd like a rundown of how the big banks are thinking through their AI strategy, and the execs leading the charge, we've got you covered. We've got a rundown of the 10 most prestigious private middle and high schools in NYC, along with tips for getting in.

Persons: Dan DeFrancesco, Mike didn't, we've, I've, Leonardo DiCaprio, Jordan Belfort, There's, Dan Geiger, Matt Onofrio, Onofrio, you'd, Samantha Lee, I'm, Goldman Sachs, SMBs, Nvidia cofounders, We've, you've, Here's, Jeffrey Cane, Nathan Rennolds Organizations: Paramount, Onofrio, Garden State, JPMorgan, Apple, Street, SVB Securities, SVB Financial, Bloomberg, American Express, Nvidia, Senate, LinkedIn Locations: New Jersey, Silicon, NYC, New York, London

☆ NYC Mayor Eric Adams, a Critic of Remote Work, Cedes Some Ground
▼ + stars: | 2023-06-01 | by ( Jimmy Vielkind | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nyc-mayor-eric-adams-a-critic-of-remote-work-cedes-some-ground-fec4f80e

Persons: Dow Jones, adams

☆ NYC woman indicted on hate crime charges after string of anti-Asian attacks, district attorney's office says
▼ + stars: | 2023-06-01 | by ( Rob Frehse | ) edition.cnn.com time to read: +2 min

CNN —A New York City woman was indicted on seven felony hate crime charges in connection with a string of anti-Asian attacks on the city’s Upper West Side, the Manhattan district attorney’s office said Wednesday. The six attacks took place from March 16 to May 11, all within blocks of one another, prosecutors said. Rodriguez allegedly continued to punch the victim after the two fell to the ground, the district attorney’s office said. One of the friends pushed Rodriguez off the person whose hair was pulled, and Rodriguez allegedly pushed her electric scooter into that friend’s leg, bruising it, prosecutors said. The friend who’d earlier pushed Rodriguez pushed her again, and Rodriguez struck him with a semi-closed fist, according to prosecutors.

Persons: Camila Rodriguez, Rodriguez, –, who’d, “, Alvin Bragg Organizations: CNN, New York, Legal Aid Society, Street, West 106th, West 104th Street, Broadway Locations: York City, Manhattan, Amsterdam, West, New

☆ Meet David Sacks, the friend of Elon Musk who could play kingmaker for Ron DeSantis
▼ + stars: | 2023-06-01 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Ron DeSantis — including hosting the candidate's kickoff event on Twitter — demonstrate how Sacks is working to become a GOP kingmaker. A DeSantis campaign spokesman did not return a request for comment before publication. Sacks, according to Puck, serves as one of the group's directors. Kevin McGrann, a lobbyist at government relations juggernaut Forbes Tate Partners, is also linked to Bay Strategies, according to Hall. And Sacks said during a recent episode that he plans to ask the DeSantis campaign for the Florida governor to agree to an interview.

Persons: David Sacks, Paul Chinn, Caroline Wren, Wren, Donald Trump's, Jan, president's, Sacks, George Soros, Puck, Ron DeSantis, Peter Thiel, Ro Khanna, didn't, Joe Biden, Thiel, Elon Musk, –, Joe Lonsdale's, Julie Samuels, Samuels, DeSantis, I've, Trump, Stewart Hall, Jill Kendrick, Hall, Sen, Richard Shelby, Kendrick, Kevin McGrann, juggernaut Forbes, McGrann, John Boehner, OpenSecrets, Musk, Bari Weiss, isn't, Peter, Jason Calacanis, David Friedberg, Chamath, Robert F, Kennedy Jr, Kennedy, Biden, Nikki Haley, Calacanis Organizations: TechCrunch, Calif, San Francisco Chronicle, Hearst Newspapers, Getty Images Venture, Trump, U.S . Capitol, Republicans, Commission, Florida Gov, Twitter, GOP, PayPal, CNBC, Democratic, Microsoft, DeSantis, Purple Good Government PAC, FEC, Ron DeSantis PAC, PAC, Republican Party, Purple Good Government, Stewart, Public, Crossroads, Altria Group, Boeing, General Electric, Hearst Corp, Washington , D.C, Forbes Tate Partners, juggernaut Forbes Tate Partners, Forbes Tate, Association of Independent Mortgage Experts, United Wholesale Mortgage, SpaceX, Republican, YouTube, Biden, CNN Locations: San Francisco, Florida, Silicon, Trump, DeSantis, Puck, Washington ,, Ohio

☆ From Wall Street to Washington: Which finance execs would make the best public servants?
▼ + stars: | 2023-06-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

There has long been speculation that America's most-famous banker has plans to run for some sort of public office. The path from Wall Street to Washington is well worn, with plenty of high-profile executives taking up positions in the government. When most Wall Street executives were still afraid of the public cloud, she was ready to embrace it with open arms. Jon Gray — Treasury SecretaryBlackstone's president and chief operating officer has already had a brush with public office. The idea of him holding public office doesn't seem far-fetched.

Persons: Dan DeFrancesco, TikTok, I'm, we've, nabbing, Joe Biden's, Kevin McCarthy's, Jamie Dimon, Larry Downing, hasn't shied, Dimon, Dimon's, Bill Ackman, Kenneth Chenault —, Kathy Hochul, she's, Chenault, He's, Larry Fink —, We've, Larry, Fink, Adena Friedman, Friedman, Jon Gray —, Gray, Donald Trump, Gray's, Wall, Sen, Elizabeth Warren, Ken Griffin, Griffin, hasn't, Griffin hasn't, Ron DeSantis, he'll, Brian Moynihan —, Moynihan, Dan Schulman —, PayPal — he's, Taylor Swift, Kevin Mazur, Larry Fink, Franklin Templeton, It's, Rockefeller, Stephen Schwarzman, Warren Buffett, Cliff Asness, that's, Here's, Jeffrey Cane, Nathan Rennolds Organizations: JPMorgan, REUTERS, Bloomberg, American Express, Catalyst, Washington Post, BlackRock, SEC, CFTC, OCC, Nasdaq, Wall, Democrat, GOP, Florida Gov, Commerce, PayPal, Express, Virgin Mobile, Rockefeller Capital Management, Putnam Investments, Blackstone, Credit Suisse, UBS, Reuters, LinkedIn Locations: NYC, Washington, New York, Florida, Chicago, Miami, Ohio, Swiss, London

☆ The 10 most prestigious private middle and high schools in New York City — and how to get in
▼ + stars: | 2023-06-01 | by ( Robin Madell | ) www.businessinsider.com time to read: +4 min

Her picks for the most prestigious in the city include The Hewitt School and Allen-Stevenson. New York City parents face an extremely challenging and competitive private-school admissions process that starts with preschool. Teacher evaluations are another critical component of New York City private-school admissions. Most schools Levey has worked with have a staff member from the math department and the language-arts department meet with the applicant. Below is Levey's ranking of the 10 most prestigious private all-girls, all-boys, and co-ed middle and high schools in New York City.

Persons: Wendy Levey, Stevenson, Levey, It's Organizations: The Hewitt School, Allen Locations: Manhattan, Stevenson . New York City, New York City

☆ I'm an NYU student and just returned from my semester abroad in Madrid. Here's what I wish I knew before I moved overseas.
▼ + stars: | 2023-06-01 | by ( Isabel Stokes | ) www.businessinsider.com time to read: +6 min

I'm a New York University student, and I just returned from my semester abroad in Madrid. Now that I'm back home in my NYC apartment, I realize I learned a lot from my semester abroad. I learned that language barriers were not a reason to stop talking, dim your personality, or expect others to accommodate you. Many students felt pressure to travel, and I did, too. Besides that, I was in Madrid — a global city with so much to see and learn.

Persons: pickpocketing, —, didn't, Adolfo Suárez, it's Organizations: New York University, Service, Madrid, NYU, Adolfo Suárez Madrid, Barajas Airport Locations: Madrid, Morocco, Chamberí, Barcelona, Spain, Toledo, Valencia, Canary, it'll

☆ 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

☆ The Black teen in a viral bike feud with a white woman said she 'did something wrong' but got 'rewarded' with over $130,000 in donations
▼ + stars: | 2023-05-31 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

The Black teen in the viral rental bike feud with a white woman said she's the one who "did something wrong." But instead, she was "rewarded" with more than $130,000 in donations for legal bills, the teen told NewsOne. Video of the confrontation between the teen and Sarah Comrie showed the pair arguing over a rental bike, with the teen accusing Comrie of taking his bike and Comrie yelling for help. The teen told NewsOne that while Comrie was initially criticized, "everything flipped" after her lawyer published her receipts. "She did something wrong, and she basically got rewarded for it," the teen told NewsOne adding, "She got all the white conservatives on her side.

Persons: NewsOne, —, Sarah Comrie, Comrie, Justin Marino, Marino, Comrie — Organizations: Service, Citi, NYC Locations: York City, Manhattan, New York City, Bellevue

☆ See NYC's charmless supertall skyscrapers, which one critic is calling a showy display of billionaires' stranglehold on America
▼ + stars: | 2023-05-29 | by ( Dan Latu | ) www.businessinsider.com time to read: 1 min

Billionaires' Row. C. Taylor Crothers/Contributor/Getty ImagesIn "Sky-High: A Critique of NYC's Supertall Towers from Top to Bottom," out from PA Press on June 27 and with photography by Bruce Katz, writer Eric P. Nash dives into the current state of Manhattan development, in which the supertall reigns supreme. It's a generation of architecture he is less than impressed with. He gamely takes turns explaining New York City's new skyline by plucking out its newest additions and dunking on what architect Steven Holl called "profane spires." Nash argues this moment's infatuation with supertalls has choked resources for civic buildings and affordable low-rise housing, and turned big-name architects' attention away from projects that would benefit a larger population because they lack the prestige that supertalls offer.

☆ Free wellness activities in 5 major U.S. cities—including NYC, Las Vegas and D.C.
▼ + stars: | 2023-05-28 | by ( Renée Onque | ) www.cnbc.com time to read: +3 min

From NYC to Las Vegas, here are five wellness activities you can attend free of charge in some of the travel capitals of America. Yoga in Bryant Park - New York City, N.Y.Every year when the weather gets warm in NYC, Bryant Park hosts free yoga classes for residents and tourists. Seattle Free Walking Tours - Seattle, Wash. In several big cities, you can find free walking tours run by nonprofit organizations. And the Bellagio Conservatory & Botanical Gardens in Las Vegas is a beautiful one to add to your bucket list.

☆ There's one big reason why workers don't want to go back to the office 5 days a week
▼ + stars: | 2023-05-27 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Few workers enjoy the hassle of commuting to the office five days a week. Studies show that commuting is the main reason many don't want to stop working from home. A recent report by Centre for Cities, a UK think tank, suggested that policymakers should "encourage the benefits of office working while reducing the costs to workers of doing so." But Paul Swinney, its policy and research director, told Insider that employers could say commuting costs are covered by salaries, leaving companies "reluctant to set a precedent." ShutterstockBut many workers don't just regard commuting as a waste of money.

☆ Fleet Week begins in NYC
▼ + stars: | 2023-05-25 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

Sailors and Marines line the deck of the USS Wasp, an amphibious assault ship, as it sails past the Statue of Liberty to arrive in New York Harbor during the parade of ships to kick off "Fleet Week 2023" in New York City, U.S., May 24, 2023.

☆ Blackstone, the massive private-equity firm, just wants to be your friendly, neighborhood lender
▼ + stars: | 2023-05-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Your friendly neighborhood lender, BlackstoneWhat's the first thing that pops into your head when you think of a regional bank? Nouriel Roubini, the famed economist known as "Dr. Doom" isn't too optimistic about the future of regional banks. Never one to miss a chance to make money, Blackstone CEO Stephen Schwarzman said his firm can "fill the void" left by regional banks tightening up their lending activity. Regional banks happen to be one of the biggest lenders in commercial real estate. Doom' is feeling bearish on regional banks.

☆ Billionaire Ray Dalio's family built a huge extension on the roof of their NYC building. Now, a neighbor is worried his entire apartment will collapse — he's suing.
▼ + stars: | 2023-05-24 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Ray Dalio's neighbor is suing over a renovation project at his family's SoHo residence. The Dalio family is building a penthouse on top of its sixth-floor apartment, the NYT reported. The Dalios' neighbor said in a lawsuit that the project could cause his nearby apartment to collapse. The neighbor says he's worried his own apartment could collapse, the New York Times reports. During the pandemic, the Dalio family began construction on a penthouse on top of their sixth-floor SoHo apartment, the Times reported.

☆ Who's going to work on all these AI projects at the big banks?
▼ + stars: | 2023-05-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Everyone seems to agree that artificial intelligence is going to upend Wall Street. Insider's Paige Hagy and Bianca Chan have a fascinating story on how AI talent doesn't seem to be sticking around at big banks. What's even more foreboding is that AI talent isn't leaving for other banks. But struggling to hold on to AI talent seems especially concerning when one considers what's at stake — like, uh, humanity — and the speed at which it'll happen. Here are the three reasons banks can't seem to hold on to AI talent.

☆ JPMorgan's Jamie Dimon just sounded off on what it takes to be a good CEO
▼ + stars: | 2023-05-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

JPMorgan CEO Jamie Dimon has a take that might surprise you. Succession plans for the unofficial face of Wall Street have long been speculated on. One of the biggest issues we see on Wall Street, or in business more broadly, is an executive not knowing when to cut ties. Want to know what a Wall Street hiring raid looks like? Here's Wall Street's plan if the US defaults on its debt.

☆ The up-and-coming stock pickers you should have on your radar
▼ + stars: | 2023-05-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Rising stars of equity research. When it comes to equity research, these analysts are a "strong buy." For a third consecutive year, Insider reporters canvassed their sources to identify the rising stars of equity research. Click here to meet our 17 rising stars of equity research. These are 10 of the cheapest places to nab a beach house in the US.

☆ Daniel Penny gets the Kyle Rittenhouse treatment as Republican presidential candidates line up in support of the man who choked Jordan Neely to death on the NYC subway
▼ + stars: | 2023-05-20 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Prosecutors charged Penny with manslaughter after he killed Jordan Neely on the New York subway in April. Support for Penny is reminiscent of support given to Kyle Rittenhouse ahead of the 2020 election. Republican 2024 presidential candidates are lining up in support of Penny, a 24-year-old retired Marine who placed Jordan Neely, a 30-year-old homeless man, in a chokehold on the New York City subway that ultimately killed him. Another candidate, Vivek Ramaswamy, donated $10,000 to Penny's fundraiser, The Associated Press reported. The support for Penny is reminiscent of the support given to Kyle Rittenhouse ahead of the 2020 election.

☆ NYC is so heavy it's sinking as fast as Venice, Italy, new calculations suggest
▼ + stars: | 2023-05-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

New York City is sinking at a rate of 1 to 2 mm per year, according to a recent US government study. Venice, Italy — the "floating city" — is sinking at the same rate. The problem of subsidence is likely to worsen as coastal cities continue to grow in population. And the problem is likely to worsen as coastal cities around the world continue to grow in population and building density, researchers said. And while 1 to 2 mm is the average throughout the city, some parts of New York City are subsiding even faster.

☆ A new class of executives on Wall Street is gaining a ton of power
▼ + stars: | 2023-05-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

I still need questions for a future mailbag. As Wall Street grapples with how to deploy AI, the executives overseeing the tech are rising in prominence. Bianca mapped out the 12 executives leading AI strategy at Bank of America, Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo. Meet the 12 executives leading the AI strategy at the biggest US banks. The bank run on Silicon Valley Bank, which was helped along by social media, has bank executives reconsidering their online presence, Reuters reports.

☆ New York City's public schools reverse their ban on ChatGPT — admitting it had been 'knee-jerk fear'
▼ + stars: | 2023-05-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

New York City public schools are lifting the ban they placed on ChatGPT in January. David Banks, chancellor of the NYC public school system, said the tool caught NYC schools off-guard. The New York City public school system is reversing its ban on ChatGPT. Several other school districts across the country placed restrictions on ChatGPT earlier this year, too, including Baltimore County Public Schools, the Los Angeles Unified School District, and Seattle Public Schools. Now, the NYC school system is saying it's ready to embrace AI in the classroom.

☆ High-stakes game of keeping secrets on Wall Street
▼ + stars: | 2023-05-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Citadel Securities' trading strategies? Look no further than a recently filed lawsuit by Citadel Securities against two former employees, per Bloomberg. The suit, which you can read here, alleges the former employees were building a competing high-frequency trading firm while still employed and used trade secrets gained while at Citadel Securities. Portofino told Bloomberg that the Citadel Securities lawsuit was "corporate bullying" and that it would defend itself. On the one hand, trading firms invest a lot of money — check out some salary ranges here — in developing these strategies.

☆ The Dawn of a New ‘Century’
▼ + stars: | 2023-05-18 | by ( Emma Grillo | ) www.nytimes.com time to read: +1 min

About two hours after Century 21 reopened as Century 21 NYC in Lower Manhattan on Tuesday, the store’s point-of-sale system crashed. “This goes to show you that they should have never went out of business,” said Denise Danny, 58, from Staten Island. Ms. Danny, who had a shopping cart full of clothes, was standing in a line that had formed at a register on the department store’s second floor. At the time, Century 21 had 13 locations in four states. But arguably, none was as popular as its flagship location on Cortlandt Street in the Financial District, which was opened in 1961 by two cousins, Al Gindi and Samuel Gindi, who was known as Sonny.

☆ Elon Musk's super-app ambitions took an interesting turn with his first acquisition at Twitter
▼ + stars: | 2023-05-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The move speaks to a broader strategy Musk has hinted at of creating a US super app. While extremely popular in Asia, super apps haven't caught on in the US. There are multiple forces working against the success of a super app in the US, let alone one run by someone as polarizing as Musk. When I think of super apps, my mind goes toward pursuing users' wallets. And here's why industry experts remain unconvinced about Elon Musk's plans to turn Twitter into a super app.

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