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☆ Two of Ken Griffin's biggest donations sit on opposite sides of the spectrum
▼ + stars: | 2023-04-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Griffin, who founded Wall Street giants Citadel and Citadel Securities, donated $300 million to Harvard's Faculty of Arts and Sciences (FAS). However, it's interesting to see how two of his biggest contributions — DeSantis and Harvard — seem to operate on opposite ends of the spectrum. Click her to read our profile on Ken Griffin's rise to the top of Wall Street. Wall Street is drying out wells to drive up returns in California. Click here for more on the water woes created by Wall Street.

☆ I moved my family from NYC to Buffalo. Here's a cost-of-living breakdown and how we're saving thousands a month.
▼ + stars: | 2023-04-11 | by ( Robin Madell | ) www.businessinsider.com time to read: +9 min

This translates to a monthly income increase of approximately $10,000. In NYC, we paid $3,350 per month for a two-bedroom apartment that I'll generously say was 900 square feetWe paid 44.8% of our pre-tax income each month on housing. If I include principal, interest, taxes, and insurance, we now pay 9.6% of our pre-tax monthly income on housing. This rate was also subsidized as it was the hospital daycare, so we spent 21.9% of our pre-tax income on childcare each month. So, with just housing and childcare alone, our monthly savings from the move is already $5,000.

☆ The psychologists who sit between you and your dream job on Wall Street
▼ + stars: | 2023-04-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Nabbing your dream job might just amount to getting approved by a handful of psychologists and business strategists. Click here to read more about ghSmart, the leadership advisory firm that plays a key role in Wall Street's hiring process. Generative AI startups on the rise. PE firms big bet on food companies isn't paying off. Private-equity firms bought up the companies behind some of your favorite brands of food, but rising interest rates have ruined those investments, The Wall Street Journal reports.

☆ Alvin Bragg's staff urges Jim Jordan to stay at home in Ohio if he wants a look at high murder rates rather than trekking to NYC
▼ + stars: | 2023-04-10 | by ( Warren Rojas | ) www.businessinsider.com time to read: +2 min

Manhattan District Attorney Alvin Bragg has charged Trump with falsifying business records. House Judiciary chair Jim Jordan is holding a field hearing in New York to try and shame Bragg. A Bragg aide said Jordan could more effectively crack down on crime by looking at murders in Ohio. A Bragg spokesman called the pending congressional visit a political stunt, telling Bloomberg News that murders in New York City were three times lower than the murder rate in Columbus, Ohio. New York City, which has a population of roughly 18.9 million, closed out 2022 with 433 murders, the Wall Street Journal reported, for a murder rate of 2.3 murders per 100,000 citizens.

☆ A D.E. Shaw internship could land a dream gig at the secretive hedge fund. Here's what it takes.
▼ + stars: | 2023-04-10 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +8 min

Shaw's recruiting head, took us inside the firm's process for finding talent. Shaw Group is one of the highest-grossing, and most secretive, hedge funds on Wall Street, with $60 billion under management. Launched by former Columbia University computer-science professor David Shaw above a small left-wing bookshop in lower Manhattan in 1988, D.E. The interview process includes an initial video interview, a case study or coding test (depending on the internship), a second round of video interviews, and a reference check. At any point in the process, candidates might even be steered toward an internship other than the one they applied to that could better align with the candidate's skills and interests.

☆ Fintech dealmaking is ready for prime time
▼ + stars: | 2023-04-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

It seems the time has finally come for some M&A, and one group is ready to go. I wrote last week about how a couple of blockbuster deals could kick off a spree of dealmaking after a long drought. Insider's Paige Hagy and Bianca Chan identified a bunch of acquisition targets in a segment of the market that is in need of some deals: fintech. One could make the point that every industry has a backlog of potential deals, but fintech seems particularly ripe. For the complete rundown on the 16 fintech and consumer-facing deals JPMorgan has made since 2020, click here.

☆ As Gen Z flounders at work and millennials struggle to buy a house, boomers are enjoying a golden moment
▼ + stars: | 2023-04-09 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +4 min

This week's dispatchThe Metals Company; Greenpeace; Luis Alvarez/Getty Images; Karl Hendon/Getty Images; Alyssa Powell/InsiderOptimists don't just dream — they do. Gen Zers and young millennials have soured on work just as much as everyone else — and that's bad news for companies everywhere. Also read:Tyler Le/InsiderOver the past few years, Lex Fridman has gone from an unknown academic researcher to a social-media celebrity and member of Elon Musk's inner circle. But recently, "The Lex Fridman Podcast" has become a haven for a growing and powerful sector looking to dismantle years of "wokeness." More on the rise of Lex Fridman.

☆ Reader mailbag: From M&A and MBAs to Elon Musk and bitcoin, all your questions answered
▼ + stars: | 2023-04-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's easier to leverage misinformation for personal gain within the world of finance than perhaps any other industry. I'm not the type to suggest the only real information you can get on the markets is from established news outlets. Do you think the legacy media is fearful of Elon Musk's new Twitter? I just think the discourse on Twitter is very different from what you'd find on a media website. My position on bitcoin, and the wider digital-currency ecosystem, is that it's too often a solution looking for a problem.

☆ Question: How are some bars boosting profits? Answer: Trivia nights
▼ + stars: | 2023-04-07 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +9 min

In February, she begged friends to come to Talea's first trivia night, fearing only a few players would show up. NYC Trivia League, which hosts trivia at over 100 venues across New York City, recently surpassed its weekly event count from early 2020 and the Covid-19 pandemic lockdown. Brooklyn Brewery has been hosting trivia nights with the NYC Trivia League since 2019. Bumpy road to recoveryWith so many new venues hosting trivia nights, Kostyo cautioned bars may "cannibalize each other" as more businesses try to plant their flag in the trivia space. On a trivia night, we are easily doubling our sales from the previous night.

☆ NYC worker saw her job title advertised at up to $90K more than her pay—what to do if it happens to you
▼ + stars: | 2023-04-06 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

That's what happened to Kimberly Nguyen in March: The NYC worker went viral on Twitter when she saw an opening for her job title was being advertised with a pay range up to $90,000 higher than her own salary. A slim minority, 45%, of companies currently include pay ranges in job postings, according to a 2023 Payscale report. If you find your own job title online listed at a higher salary, here are some things you can do. There are some good reasons why similar job titles could have different pay ranges, says Ruth Thomas, a pay equity strategist at Payscale. You could use public salary ranges to ask for a raise.

Raymond James is optimistic on FedEx after the shipping giant announced Wednesday a cost-cutting restructuring plan. He retained his price target of $285 per share, which implies almost 24% upside from Wednesday's close price. DRIVE is FedEx's comprehensive $4 billion cost-cutting plan which includes consolidating FedEx Ground, FedEx Express and other operating companies into FedEx Services. Analyst Thomas Wadewitz has a buy rating on shares and sees the stock rising 13%. FedEx shares were up 1.3% Thursday before the bell.

☆ They Had $350,000 and a Dream to Live Together. Could They Make It in Manhattan?
▼ + stars: | 2023-04-06 | by ( Joyce Cohen | ) www.nytimes.com time to read: +3 min

For 30 years, Ms. Denlinger rented a sunny fifth-floor walk-up in Manhattan Valley. Ms. Ladin, 62 — the first openly transgender professor at Yeshiva University, where she taught English — suffers from myalgic encephalomyelitis, also known as chronic fatigue syndrome. “I had not done any real estate hunting for 30 years,” Ms. Denlinger said. To find her Manhattan Valley apartment, “I got a Village Voice, looked in the ads, called up the landlord and made an appointment. “We needed two rooms that could be really separate, where one was not a bathroom or a kitchen,” Ms. Ladin said.

☆ Exonerated 'Central Park 5' member mimics Trump's 1980s ad that called for the return of the death penalty
▼ + stars: | 2023-04-06 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

One of the "Central Park Five" mimicked a 1989 full-page ad that Trump placed calling for the death penalty. In the mock ad, posted on Twitter, Salaam referred to Trump's recent indictment and arrest. In the ad, which was posted on Twitter, Yusef Salaam mocked Trump's recent indictment and arrest while imitating the statement Trump advertised in multiple New York newspapers. Salaam was one of five Black and Latino teenagers who were wrongly convicted of the assault and rape of a young white woman in Central Park. Salaam, however, said he ultimately wished Trump "no harm," even though the former president had "effectively called for my death and the death of four other innocent children."

☆ Marjorie Taylor Greene compared New York to Gotham City and said it 'smells bad' after she had to wade through a crowd of hecklers in Manhattan
▼ + stars: | 2023-04-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Rep. Marjorie Taylor Greene bashed New York City on Wednesday, calling it 'filthy' and 'terrible.' The Georgia lawmaker was heckled on Tuesday at a pro-Trump rally in Manhattan. Greene was in New York to hold a mini protest for Trump, who was arrested and charged in court on Tuesday afternoon. Before the protest, New York Mayor Eric Adams singled out Greene by name when he called for calm in the run-up to Trump's surrender in New York. "People like Marjorie Taylor Greene, who is known to spread misinformation and hate speech.

☆ Here are Thursday's biggest analyst calls: Netflix, Apple, Amazon, Microsoft, FedEx, Pinterest & more
▼ + stars: | 2023-04-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Raymond James upgrades FedEx to outperform from market perform Raymond James said and "undeniable" positive change is underway at the shipping giant. "We are initiating coverage of XPO, one of the largest less-than-truckload (LTL) carriers, in North America, with an Outperform rating and a $44 target price." "We are initiating coverage of Skyworks Solutions, with a Buy rating and $150 target price. Raymond James upgrades Wells Fargo to strong buy from outperform Raymond James said the banking giant is well positioned in the current environment. Raymond James initiates Pinterest as outperform Raymond James said it sees "steady user growth" for Pinterest.

☆ A summer internship at D.E. Shaw can pay up to $20,000 a month. Here's what it takes to land a coveted spot.
▼ + stars: | 2023-04-06 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +8 min

☆ The bank taking over SVB's venture-debt business doesn't seem to know a lot about venture debt
▼ + stars: | 2023-04-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But first, can you explain what venture debt is? The venture debt community, which has grown considerably as equity funding has dried up, is skeptical that First Citizens is the best firm for the job, Insider's Darius Rafieyan reports. Reporting from the first annual Venture Debt Conference in New York, which First Citizens seemed to be absent from, Darius details how attendees and panelists questioned the family-run regional bank's ability to take over the complex and nuanced business that is venture debt. I'm all for learning on the job, but that type of knowledge seems like a prerequisite for buying a business with more than $70 billion in venture debt. But, if First Citizens is as ill-equipped to take over SVB's venture-debt business as some believe, that only further complicates the matter.

Companies BlackRock Inc FollowBOSTON, April 5 (Reuters) - New York City pension leaders will press external fund managers, including private market fund managers, on Wednesday for details on their plans to cut greenhouse gas emissions, officials said. Public, and private market managers that have faced less pressure on climate issues to date, run most of the roughly $240 billion in New York City pension fund assets. Boards overseeing the majority of that money have approved new expectations for those managers, New York City Comptroller Brad Lander said, which will be announced on Wednesday. Lander urged BlackRock Inc last fall to take stronger environmental steps such as phasing-out high emitting assets. Lander said the plans recently approved by New York City pension boards extend similar calls to other external managers, including those that manage the 25% of pension assets held in fixed income and the 25% in private markets.

☆ Frank's founder just got hit with federal charges, but questions remain about JPMorgan's handling of the deal
▼ + stars: | 2023-04-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Drop any Wall Street (or non-Wall Street) questions you have for me here. A quick refresher: JPMorgan accused Javice of juicing Frank's customer numbers in a lawsuit filed at the end of last year. Prosecutors charged Javice with wire fraud affecting a financial institution, securities fraud, bank fraud, and conspiracy. I've joked about it before, but Taylor Swift really should teach a class on this stuff for Wall Street. It's not the president or Wall Street or Congress that's to blame.

☆ An NYC couple accidentally 'picked quite a day' for their courthouse wedding: the same time as Trump's arraignment
▼ + stars: | 2023-04-04 | by ( Talia Lakritz | Chris Panella | ) www.businessinsider.com time to read: +3 min

A couple married at the Manhattan courthouse faced some unexpected chaos as Trump was arraigned. The historic event brought hoards of protestors, politicians, and media to the area, creating a circus that few would have anticipated on their wedding day. "My fiancée and I picked quite a day to get married at the Manhattan courts," Dean captioned the video, which went viral with over 300,000 views. "Everyone who noticed that folks were getting married were really kind and congratulatory," he added. Carolina Treviño and Chandler Dean celebrate after their courthouse wedding.

☆ Alexandria Ocasio-Cortez celebrates Marjorie Taylor Greene getting heckled in New York City at a pro-Trump rally
▼ + stars: | 2023-04-04 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Rep. Marjorie Taylor Greene was in Manhattan to speak at a pro-Donald Trump rally. Rep. Alexandria Ocasio-Cortez celebrated a report that the Georgia congresswoman was heckled. "Welcome to NYC!," Ocasio-Cortez tweeted with a Statue of Liberty emoji. The New York Times reported that Greene delivered brief remarks calling Democrats "communists" and rattling off GOP policy positions. "Do your freakin' job, Marjorie Taylor Greene," he said in a video he tweeted.

☆ Bill Gates' daughter reportedly paid $51 million for this NYC penthouse—it comes with 3,400 square feet of outdoor space
▼ + stars: | 2023-04-04 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

Bill Gates' eldest daughter, Jennifer Gates, might now be calling a $51 million New York City penthouse home. 443 Greenwich Street is known for being home to other celebrities like Meg Ryan, and Blake Lively and Ryan Reynold. The penthouse apartment is 8,900 square feet and has a 3,400 square-foot outdoor space with a plunge pool. Gates' penthouse apartment is 8,900 square feet and has a 3,400 square-foot outdoor space. 443 Greenwich Street was designed with an indoor courtyard, which is rare for buildings in New York City.

☆ Trump arrives at NYC courthouse for arraignment
▼ + stars: | 2023-04-04 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsTrump arrives at NYC courthouse for arraignmentPostedDonald Trump, the former U.S. president and front-runner for the 2024 Republican nomination, arrived Tuesday (April 4) at a New York City courthouse to be arraigned on charges related to an alleged hush-money payment to porn star Stormy Daniels.

☆ Former Pres. Trump to be arraigned in NYC court today
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Pres. Trump to be arraigned in NYC court todayCNBC's Eamon Javers reports on news from former President Trump's arraignment in a New York City court.

☆ The UFC-WWE deal could be the boost the M&A market needs to get back into gear
▼ + stars: | 2023-04-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Citigroup, JPMorgan, Wells Fargo, and Bank of America were among the banks advising on the deal. Earlier this year, some pegged the merger market getting back into the swing of things by mid-year. When you think about it, the WWE-UFC deal might be the best way to get the market going again. Fight for media rights: Both UFC and WWE have streaming deals with ESPN and NBCUniversal's Peacock, respectively. The crypto community is now pitching itself as playing a key role in AI development thanks to its decentralized nature.

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