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☆ Inside the lives of some of the most powerful people on Wall Street
▼ + stars: | 2022-12-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

We're highlighting profiles we've done of some of the most powerful people on Wall Street. They are, as you will see, largely white males — a telling reminder of who still wields the power throughout most of Wall Street. Gregg Lemkau was considered a future CEO candidate at Goldman Sachs before he shocked Wall Street by leaving for Michael Dell's investment firm in 2020. Soft-spoken types can sometimes get bulldozed on Wall Street, where so-called alphas often reign supreme. Inside his strategy for turning Goldman into the Amazon of Wall Street.

☆ Singapore Airlines' Airbus A380 and its famous first-class suite are leaving NYC — see inside the luxurious cabin
▼ + stars: | 2022-12-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

Boyd said the first class cabin is exclusive to its A380 aircraft, so only a handful of flyers will get to experience it. But, unfortunately for US-based travelers, you'll have to catch it abroad. Taylor Rains/Insider

☆ Goldman Sachs' year-end bonuses are going to be brutal, and everyone's pointing fingers on who's to blame
▼ + stars: | 2022-12-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

When things were going good, Goldman Sachs' CEO David Solomon could seemingly do no wrong. Last year, thanks to a booming M&A market and a favorable trading environment, life was good at the elite Wall Street bank. Top tech executives from 10 Wall Street firms, including Goldman Sachs, Citadel, and KKR, share their predictions for the top public-cloud trends next year. Bad news: You're not the only one waiting for rates to drop to buy a home; so is Wall Street. Here's what a home-buying spree from Wall Street could mean for the entire industry.

☆ Life at Wall Street headhunting firm Durlston Partners appeared picturesque, but some insiders say that wasn't the reality
▼ + stars: | 2022-12-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Life at Durlston Partners. Insider's Alex Morrell has a gripping report on life at Durlston Partners, a headhunting firm that places talent at some of Wall Street's biggest buy-side firms. Durlston Partners, or "DP" as it was known within the company, promoted an unbeatable culture. Click here to read more about life inside Durlston Partners and allegations about the leadership of Bahram. Jamie Dimon's 17-year tenure on the top of JPMorgan has made him the face of Wall Street.

☆ An NYC group wants to keep homeless college students dropping out so they can achieve "a gateway to the middle class"
▼ + stars: | 2022-12-21 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

A New York City non-profit is piloting a program to pay for students' housing so they can complete their degrees. The New York Times spoke with one student who was on the verge of dropping out before receiving this benefit. According to one 2019 reported from The Hope Center for College, Community, and Justice, almost three in five college students reported experiencing housing insecurity the previous year. 18% of two-year college students and 14% of four-year students reported experiencing homelessness at some point, the researchers found. Homeless students reported lower GPAs and higher dropout rates, according to a report by the UCLA Center for the Transformation of Schools.

☆ I went on a 'Sex and the City' tour in NYC. It's wild to see how the TV show still boosts tourism 20 years later.
▼ + stars: | 2022-12-21 | by ( Emily Carmichael | ) www.businessinsider.com time to read: 1 min

On Location's "Sex and The City" tour was a fun way to see a large swath of Manhattan in a short amount of time. While it may not be the best choice for casual viewers, it's perfect for those who want to live like Carrie for a day. The author outside Carrie's apartment. Emily Carmichael

☆ A 23-year-old brings in up to $10,000 a month teaching Manhattan's luxury real-estate agents how to make TikTok videos
▼ + stars: | 2022-12-21 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Film student Lizza Prigozhina helps NYC real-estate agents market homes on TikTok, Curbed reported. A "good month," she told Curbed writer Bridget Read, means up to $10,000 in income. It's all in the name of helping real-estate agents capture eyeballs on TikTok, which they can hopefully turn into potential buyers and renters who actually pay them in commission. "Some are like, 'I can't spend money on this,'" Prigozhina told Curbed. "Alexander has a big personality," Prigozhina told Curbed.

Two people were arrested at a New York City Council member's apartment building Monday after opponents of a drag reading event targeted it with messages the politician called “pure hate, unmasked,” officials said. A group had targeted the public reading event geared toward neurodiverse children at a library in Chelsea on Saturday, NBC New York reported. Our resolve is strengthened.”Earlier Monday, the hallways inside the building that houses Bottcher’s council district office were also vandalized, police said. Right-wing figures and influencers have targeted drag events, sometimes with incendiary rhetoric about “groomers." Bottcher, who was elected to represent District 3 in 2021 and took office in January, said after Saturday's event that reading helps children grow, and he thanked the drag reading event organizers.

☆ Private-equity firms are coming around to the idea of using more data in the investment process. It's still an uphill battle.
▼ + stars: | 2022-12-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Take Blackstone, which recently expanded a data tool it originally built for its real-estate business to be used across its PE portfolio. As recently as just a few years ago, PE firms were just starting to warm to the idea of building out data-science teams. But that tech has been a hard sell for PE firms as well, until recently. Many PE firms are just now waking up to the possibilities of the public cloud. To be fair to PE firms, figuring out how to incorporate data analysis into the investing process is no easy task.

A woman broke into Robert De Niro's New York City townhouse Monday and tried to take all the presents around his Christmas tree while he was home, police said. At around 2:45 a.m., officers saw the woman, who is known to police and has prior arrests, inside the basement of the Oscar-winning actor's East 65th Street residence on the Upper East Side. "I didn't go to Robert De Niro's house," she could be heard saying in the video. Aviles has 26 previous arrests, including 16 this year on burglary and petit larceny charges, NBC New York reported. Seven of the burglaries, all of them on the Upper East Side, occurred within a three-week span that started around Thanksgiving, the senior police officials said.

☆ Protesters swarm NYC library hosting Drag Story Hour for kids
▼ + stars: | 2022-12-19 | by ( ) www.nbcnews.com time to read: +2 min

Protesters trying to shut down a reading event geared toward neurodiverse children at a branch of the New York City Public Library were met by a wall of counterprotesters. NYC Councilmember Erik Bottcher / via TwitterSaturday's protest was just the latest in a string of standoffs across the country from a fringe movement targeting drag events over unsubstantiated allegations of grooming. New York City Council member Erik Bottcher shared images and videos online of the protesters, some of whom he tried speaking with before entering the children’s reading event. “I want to show you the face of hate, right here in Chelsea,” Bottcher said in a video shared on Twitter, before showing the counterprotesters clad in rainbows. A representative for the New York Public Library said the event went on as planned and added that the library would continue to offer programs supporting diverse voices.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow this 26-year-old earns and spends $25,000 a year just outside NYCHector Carvajal, 26, owns Don Carvajal Cafe, a Dominican-inspired coffee roasting company based in the Bronx, New York. In 2022, his business brought in roughly $190,000 in sales and from that, he lives off a $25,000 salary. 07:44 an hour ago

☆ Goldman Sachs has plans for deep headcount cuts in the new year
▼ + stars: | 2022-12-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But first, the Goldman cuts go deep. Goldman's bankers and others on Wall Street still enjoy pay packages that are beyond that of most American workers. Some portion of Goldman's cuts are being made with an eye to 2023 and 2024, suggesting that the firm's leaders don't expect a return to go-go days anytime soon. Click here to read more about the cuts set to hit Goldman Sachs. Private-equity firm Advent announced plans to acquire satellite maker Maxar Technologies for $6.4 billion in a deal that included Goldman Sachs, JPMorgan, and Morgan Stanley.

☆ These 20 execs are powering the $1.2 trillion private-credit market
▼ + stars: | 2022-12-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

So who's behind this mysterious market that has now swelled to $1.2 trillion and accounts for more than 20% of the aggregate capital leverage companies borrowed? Insider's Rebecca Ungarino mapped out 20 of the most powerful people in the space from firms like Sixth Street, Golub Capital, Ares, and Blackstone. When PE firms start hunting for deals, these are the tech companies they'll target. Some tech companies are instructing managers to label low performers on their teams, potentially signally more cuts at some point in 2023. Turns out, having one room dedicated to booze isn't enough for the ultra-wealthy, The Wall Street Journal reports.

☆ Leaving the U.S. for Bali, why NYC rent is out of control, and more: The 5 most popular videos of 2022
▼ + stars: | 2022-12-15 | by ( Jessica Leibowitz | ) www.cnbc.com time to read: +2 min

Why Rent In NYC Is Out of Control Right Nowhttps://www.youtube.com/watch?v=c7tgsUv3UlU Rent in New York City is at an all-time high. The median asking rent in Manhattan reached $4,100 in June 2022. CNBC Make It spoke to three New Yorkers whose rent increased by up to $2,100 a month. With the median asking rent in Manhattan at around $4,000, the minimum income to qualify for an apartment at that price is $160,000. Today, she is her own boss and is on track to make $1 million in 2022.

☆ Junior bankers sound off: From how much sleep they get to what kind of company they want to work for next, first-year investment banking analysts spill the beans
▼ + stars: | 2022-12-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Junior bankers hold an interesting position on Wall Street. While these young investment bankers are often the butt of the joke — something something Murray Hill something something Patagonia vests — they also represent a key piece of the dealmaking machine. That's why I always find surveys of junior bankers so fascinating. Emmalyse examined 10 different slides from the poll, which was conducted by recruiting firm Odyssey Search Partners, that show what junior bankers like, and don't like, about their jobs. Click here to learn more about what junior bankers love, and hate, about their jobs.

☆ Did That Hit Arrive in 2022 or 1987? This Year, It Was Hard to Tell.
▼ + stars: | 2022-12-14 | by ( Jon Caramanica | ) www.nytimes.com time to read: +12 min

Turns out it’s the same sample, a sleight of ear designed to trigger warm nostalgia, and also maybe a little confusion. Even its video is optimized for recognition, with Santana doing the same stomp Beyoncé does in hers, in an almost identical outfit. Throughout 2022, that gambit has been deployed again and again — by pop singers and rappers, established stars and newbies. Here, old songs — hip-hop classics, pop novelties and more — are scrunched and stretched sometimes to the point of absurdity. These songs are concessions that say the quiet part out loud — everyone has always been borrowing voraciously, from everyone else, constantly.

☆ A market downturn hasn't made activist investing any easier. Here's why.
▼ + stars: | 2022-12-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

But even with a market downturn, activist investors' campaigns haven't been the cakewalk some might expect. Insider's Daniel Geiger, Rebecca Ungarino, and Casey Sullivan spoke to industry insiders — including famed activist investor Carl Icahn — about why the current landscape isn't as accepting as some might think to activist campaigns. But when the going gets tough, the tough get going, and a difficult market environment doesn't mean we'll see the number of campaigns decrease. Click here to read more about why top activist investors like Carl Icahn say this line of work is riskier than ever. Here's a five-step plan to help you decide when that side gig you have should be the only gig you have.

☆ I styled Anna Sorokin while she was on house arrest. She was way funnier than her 'Inventing Anna' character, and her taste in fashion and art is incredible.
▼ + stars: | 2022-12-14 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +6 min

He styled Anna Sorokin for an interview from her home, where she is on house arrest. Anna Sorokin, or Anna Delvey, as she was known as in her scamming days, is different from the character on "Inventing Anna." At the time, I had watched only the first half of "Inventing Anna" — just bits and pieces here and there. When we got there, there was a whole glam team of makeup artists and hairstylists who got to work on Anna and Kenneth. Pop culture has the ability to make anyone into an entire brand, and Anna has pop culture's attention.

☆ The Best Electric Razor for a Smoother Shave
▼ + stars: | 2022-12-13 | by ( ) www.wsj.com time to read: +19 min

You can find a capable electric shaver for even less, but the learning curve (and lack of add-ons) could prove problematic. If you’d like to read how we vetted and tested these electric shavers, scroll down for all the details. Best overall electric shaverBuy Side Top Pick Braun Series 7 7027cs $137 at Amazon $ 150 Save $ 13 $139 at Walmart The best combination of performance, accessories and price of any electric shaver. Best lower-price electric shaverAndis ProFoil Lithium Titanium Foil Shaver $55 at Amazon $ 68 Save $ 13 $55 at Walmart This model is priced as low as you’ll want to go for a quality electric shaver. Make sure the electric shaver you’re buying has the accessory package that makes the most sense for your needs and your budget.

☆ The M&A market just went out with a bang after a terrible year, and it could be a sign of good times to come
▼ + stars: | 2022-12-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

(Hint: it's not on Wall Street.) Meanwhile, the largest deal of the year — Microsoft's $68.7 billion bid for Activision — might not even happen, thanks to regulators. But credit unions and community banks aren't happy with the new terms, The Wall Street Journal reports. Big tech nabs from Wall Street. Company culture on Wall Street: not great!

☆ I spent 8 years at my dream job on Nike's design desk. Here's why I left and what I'm leaving behind as I grow my own business.
▼ + stars: | 2022-12-13 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

Kristen Shenk worked as a senior designer at Nike before leaving the company in 2016. I worked in Nike Basketball for a couple of years on LeBron James' and Kobe Bryant's brands. One of the last big projects I worked on was a big innovation summit in New York in 2016. My first creative director, the one who stopped me by the printer, had done this TED Talk about leaving your dream job. But I've learned to take lessons I learned at Nike forward about creating some separation between myself and my work.

☆ US lawmakers want answers on FTX's collapse. Sam Bankman-Fried may not have them.
▼ + stars: | 2022-12-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

But first, we are going to hear more from Sam Bankman-Fried this week, even if you think we've already heard quite enough from him. Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee on December 8, 2021 in Washington, DC. Disgraced FTX founder Sam Bankman-Fried, who said he once considered himself a "model CEO," tweeted last week that he would testify before tomorrow's House Financial Services committee hearing focused on his firm's blowup. FTX's new CEO, John J. Ray III, who oversaw the bankruptcy of Enron, will testify in the first part of the hearing. A private lunch with the billionaire is on the table if you're willing to pony up the cash.

☆ How to live in NYC on just $100 a month, from a 27-year-old comedian who went viral on TikTok documenting his journey
▼ + stars: | 2022-12-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

The comedian decided to see how long he could get by on just $100 in New York City. The 27-year-old worked as a truck driver until late last year, when he moved to New York City to pursue stand-up comedy. Even before beginning his $100 challenge, Hoy avoided New York City's high rents by living in a van he parks for free in Queens. Not counting his vehicle insurance, here's how Hoy got by day-to-day for a month on just $100. "If you drink coffee every day, think about how much money that's saving you," he said.

☆ Connecticut's wealthy hedge-fund haven, home to Shonda Rhimes and the billionaire owner of the Mets, is losing federal 'high-cost' housing status after its home price gains lagged the US
▼ + stars: | 2022-12-10 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +5 min

Fairfield County, Connecticut, is a ritzy NYC suburb known for hedge funds and shoreline mansions. Fairfield County, Connecticut, New York City's ritziest suburban enclave, barely saw any home-price gains in the year through September, according to the Federal Housing Finance Agency. The county's median household income of $101,194 tops the overall median income in the US — $70,784 — by a large margin. Data from Douglas Elliman shows Fairfield County's median sale price rose by 8.2% year-over-year through September, for example. In 2022, with high-cost status, the county's limit has been significantly higher, at $970,000.

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