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How to talk like a banker
  + stars: | 2024-11-03 | by ( Emmalyse Brownstein | ) www.businessinsider.com   time to read: +9 min
A manager might leave a comment on a page telling the junior banker to "kill this," which just means delete it. A manager might also instruct the junior banker to "take another stab" at it, which means doing the presentation over again and sending it back by email. In stock market talk, "trading with the Street" usually means someone is trading along the lines of majority opinion. It's so much a part of the culture that the term is also used by higher-ups to describe their junior bankers professionally. Each time a banker makes changes to client materials pre-meeting — like a deck — it's standard practice for every round of edits or changes to be saved as a new file.
Persons: , That's, Momo Takahashi, Morgan Stanley's Ted Pick, it's, drudge, Jane Organizations: Service
Below, I share more about my experience using espresso machines from Nespresso, De’Longhi and Breville during a two-month testing period. SKIP AHEAD Get to know the machines | How I tested the espresso machines | Set up | Usage | Cleanup | Final verdict | Why trust NBC Select? (Nespresso machines are not compatible with any other brands’ pods.) Coffee options: espresso, double espresso, gran lungo, coffee, XL | Coffee compatibility: Nespresso pods | Type of grinder: none (it uses pre-ground coffee pods) | Included accessories: none | Machine size: 8.6 x 14 x 10.4 in. Coffee options: espresso, coffee, americano | Coffee compatibility: whole beans, ground coffee | Built-in grinder: yes | Included accessories: coffee scoop, cleaning kit, water hardness test | Machine size: 9.25 x 17 x 14 in.
Persons: Matte Black, won’t, Bianca Alvarez, They’re, Nespresso, Olivia Ott, it’s, It’s, TikTok Organizations: NBC, Bluetooth, americano, YouTube, Facebook, Twitter Locations: White, americano, New York City, New York, frother
Blueland CEO Sarah Paiji Yoo says she couldn't do her job without ditching a habit that hindered her first startup: trying too hard to get everything done. Paiji Yoo co-founded Blueland, which makes eco-friendly cleaning and personal care products, in 2019. That company, founded in 2011, was acquired in 2013 by PriceGrabber for an undisclosed sum — and in those two short years, Paiji Yoo found herself gravely overworked, she says. "With my first startup, I was spinning my wheels along," Paiji Yoo, 40, tells CNBC Make It. Limited money, employees, time and resources means there's more to get gone, says Paiji Yoo.
Persons: Sarah Paiji Yoo, Paiji Yoo, PriceGrabber, Paiji, Oliver Burkeman, Leah Smart, we're, Burkeman, Get Organizations: CNBC, Society of Human, Mental Health
Daniel Lubetzky says his days of choosing work over sleep are long gone, and he's more productive because of it. Lubetzky, the billionaire Kind Snacks founder and newest permanent investor judge on ABC's "Shark Tank," was once a major night owl — perhaps involuntarily, he says. "I have a little bit of an obsessive personality," Lubetzky, 56, tells CNBC Make It. "That's helped me get better quality sleep," Lubetzky says. "And the brain pain level is bad if I get less than six hours [of sleep per night]."
Persons: Daniel Lubetzky, Lubetzky, That's, It's, Elon Musk, Bill Gates, I've, Musk, Gates, nighters, Get Organizations: CNBC, Centers for Disease Control, National Institutes of Health Locations: United States
Melinda French Gates believes it's "so dumb" to try and maximize productivity by getting only a few hours of sleep. French Gates said, referencing CEOs and tech entrepreneurs who promote, in her eyes, a form of performative sleep deprivation. He's since changed his tune, and now aims for at least six hours of sleep per night, he told CNBC last year. Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates — French Gates' ex-husband — have shared similar stories. Now, he aims for a minimum of seven hours of sleep each night, he said.
Persons: Melinda French Gates, she's, Gates, who've, Indra Nooyi, Donald Trump, Marissa Meyer, Elon Musk, Tesla, I've, Musk, Jeff Bezos, Bill Gates, , Bezos Organizations: PepsiCo, Former U.S, CNBC, Microsoft Locations: Former
AdvertisementSpeed and ease — that's how generative AI is changing the game for finance professionals. In a survey of 780 banking and capital-markets employees by Accenture Research, 62% of respondents expect generative AI to increase people's stress and burnout. "Employees with AI skills will replace people without AI skills," Andrew Chin, the chief AI officer at the $759 billion money manager AllianceBernstein, told BI. AdvertisementA data scientist at a midsize hedge fund told BI that generative AI models are a "superpower for coders." The firm's ultimate aim is to use generative AI to replicate the success of its best bankers for all advisors.
Persons: Christina Melas, Rowe Price's Sébastien, Eric Burl, Alyssa Powell, Thomas H, Lee, Keri Smith, Smith, Ken Griffin, They've, Goldman Sachs, Marco Argenti, Argenti, It's, I've, drudge, Andrew Chin, AllianceBernstein, Lisa Donahue, Donahue, Jobs, who's, He's, he'd, ChatGPT, Accenture's Smith Organizations: Bain Capital Ventures, Management, Business, Bain Capital, Man Group, Accenture Research, Finance, Wall Street, Blackstone, Sigma, Citadel, Milken Institute Global Conference, Excel, Accenture, Northern Trust, Citibank, Citi, JPMorgan Locations: New York City, New York
Jane Bernhard Columbia Business SchoolI have always been a very driven and creative person. I graduated with a BFA in Musical Theater and continued my work in theater and television acting through my 20s. It took an immense toll on my personal life, which was completely pushed to the side as new opportunities came up. Conventional consulting doesn’t work for me, but I realized having my own consulting business does — so I started one. And if I find a job elsewhere down the line that aligns with my priorities, I may open that door.
Persons: Jane Bernhard, Organizations: Columbia Business School, LinkedIn, CNN, Jane Bernhard Columbia Business, Theater, Columbia, Twitter, Facebook
My Investment Banking Job Nearly Destroyed Me
  + stars: | 2024-04-29 | by ( Christine Ji | ) www.businessinsider.com   time to read: +9 min
I hadn't expected to be lying on the office floor thinking that I needed to quit my investment banking job — yet there I was. The allure of an investment banking job is seductive. Being an investment banking analyst was much sexier in theory than practiceI knew banking would be intense from the internship, but nothing could've prepared me for just how intense the full-time role was. There's very little advice out there on how to quit your investment banking job. I can't say I loved investment banking to that degree, so I walked away.
Persons: could've, nauseous, there'd, Ji Organizations: Business, Ivy League, Wall
The influencer-marketing platform Grin has laid off "many" staffers — in the company's third round of layoffs in recent months — a spokesperson confirmed to Business Insider. As the company grew, "a distance also grew" between the platform and its customers, the Grin spokesperson said in a statement. First, in November 2022, the company laid off 60 staffers, mostly in Grin's sales department, the company confirmed to BI at the time. Then, in March 2023, the company laid off several staffers across multiple departments, sources close to the company told Business Insider. The impacted staffers in this latest round of cuts will receive a three-month severance package and extended healthcare benefits, the Grin spokesperson said.
Persons: , Grin, Brandon Brown Organizations: Business, Red, BI Locations: France
Kolossal hopes to film a colossal squid in its natural habitat, the waters around Antarctica. The scientists were searching for the colossal squid, an evasive cephalopod that can weigh 1,100 pounds. The enigmatic colossal squidMeasuring about 46 feet with its tentacles spread out, the colossal squid is nevertheless hard to spot. Advertisement"We're not claiming this is the colossal squid, but it's also not not a colossal squid," Mulrennan said of footage of a translucent squid that the camera filmed. Kolossal/MulrennanBased on assessments of experts who have seen the footage, it's impossible to tell whether the animal is a young colossal squid or a full-grown glass squid.
Persons: Kolossal, , Matthew Mulrennan, Mulrennan, Kat Bolstad, Myrah Graham, Graham, Mulrennan wasn't, Matt Mulrennan, it's, they're, Jennifer Herbig, Mulrennan Mulrennan Organizations: Service, Juvenile, University's Marine Institute, University of Auckland, Endeavour, Intrepid, Endeavor, Marine Locations: Antarctica, icefish, Paradise Harbour
Finessing the language on esoteric financial documents that may never be read by another soul. Such grunt work has long been a rite of passage in investment banking, an industry at the top of the corporate pyramid that lures thousands of young people every year with the promise of prestige and pay. Generative artificial intelligence — the technology upending many industries with its ability to produce and crunch new data — has landed on Wall Street. And investment banks, long inured to cultural change, are rapidly turning into Exhibit A on how the new technology could not only supplement but supplant entire ranks of workers. can do much of that work speedily and with considerably less whining.
By the time I was 26, in 2020, I still hadn't outgrown the drinking phase I had started when I turned 18. After a particularly heavy night, I was rushed to the emergency room and spent the night in the hospital due to a drug overdose. He joked sometimes that when he saw my name flash up on his screen, it would give him a mild panic attack. He was always a firm but fair man, so I listened intently when he phoned me months later with a proposition. I updated my dad after every new bit of spending, proud that I hadn't sniffed it away.
Persons: I'd, It's
The United States estimates Russia has a stockpile of up to 2,000 tactical nuclear warheads, some small enough they fit in an artillery shell. But the detonation of any tactical nuclear weapon would be an unprecedented test of the dogma of deterrence, a theory that has underwritten America’s military policy for the past 70 years. Possessing nuclear weapons isn’t about winning a nuclear war, the theory goes; it’s about preventing one. If Mr. Putin dropped a nuclear weapon on Ukraine — a nonnuclear nation that’s not covered by anyone’s nuclear umbrella — what then? Many in the administration believed the Kremlin’s dirty bomb ploy posed the greatest risk of nuclear war since the 1962 Cuban missile crisis.
Persons: Putin, Sergei Shoigu, Lloyd Austin, Russia Sergei Shoigu, Britain Ben Wallace, Defense Turkey Hulusi Akar, Sebastien Lecornu, General Austin, Mark Milley, Biden, Putin’s, William J, Burns Organizations: United, of American, NATO, Defense, State, Defense Turkey, National Defense, Defense Minister American, Russian, Biden, Joint Chiefs, Staff, Moscow, White House, State Department, The Energy Department, Strategic Command, , Pentagon, Unmute Defense, Central Intelligence Agency Locations: Washington, Ukraine, Russia, United States, Kharkiv, Kherson, Russian, U.S, Crimean, Moscow, Poland, China, India, Turkey
Cenat, who is a top Twitch streamer and YouTube creator with millions of subscribers across multiple platforms, was looking for an assistant. Cenat responded to her message, writing that she could have the job if she could get one task done. There's even a job board dedicated to finding work with a YouTube creator: YT Jobs . The staffers ranged from full-time employees to contractors, and they described days filled with unimaginable stunts, inconsistent work hours, varying salaries, and frequent pivoting. "It's like the old adage of, 'If you love what you do, you never work a day in your life.'"
Persons: Brianna Lewis yearned, Kai Cenat's, Cenat, Lewis, She's, Jimmy Donaldson, Preston Arsement, YT, Britt Carter, Kai Cenat, Brianna Lewis, Carter, Drake, Peter Sanjur, Sanjur, Zi Yuan, Yuan, Jason Russak, YouTuber Jesse Riedel, Russak Organizations: Instagram DMs, YouTube, Research, Oxford Economics Locations: Georgia, Charlotte , North Carolina, Atlanta , Georgia, Greenville , North Carolina, Smoky, Japan, Tokyo
So long as you pay the annual fee, many hotel credit cards offer one free night each year. Before discovering free night credits, I stayed at my fair share of motels with rock-hard beds and paper-thin walls. However, as my life and finances evolved, the benefit of my free night certificates has become about more than saving money. My hotel credit card collectionYou probably don’t need eight hotel cards. Key perks: Annual free night award, fourth night free on consecutive award redemptions, automatic IHG® Platinum status, $100 trusted traveler program application fee credit every four years.
Persons: Ben Luthi, I’ve, , you’ll, , we’ve, I’m, you’re, Wyndham Wyndham, Wyndham Organizations: Nintendo, Card, Marriott Marriott, Marriott, California — Marriott, Marriott Bonvoy, Business, Residence, Ritz, Carlton, Hilton Hilton Honors Aspire, Hilton, Hilton Resort, Honors, Diamond, Las, Hyatt, Hyatt Credit, Hyatt House, Hyatt Card, Hyatt Regency, Grand Hyatt, Wyndham Locations: Sandy , Utah, Hilton, Park City, Marriott, California, Fairfield, Vegas, Seattle, Alaska, Grand, Wyndham
Bill Gates said that he used to think sleeping was lazy and unnecessary when he was younger. Now he checks his daily sleep score to maintain good brain health as he gets older. The billionaire has changed his tune about sleep since then and started tracking his daily "sleep score," he said. A sleep score is determined by the length and quality of your sleep and is something that can be tracked on an Apple Watch or a Fitbit, for example. "One of the most predictive factors of any dementia, including Alzheimer's, is whether you're getting good sleep," he added.
Persons: Bill Gates, Seth Rogan, Lauren Miller Rogan, Gates, Rogan chimed, Matthew Walker Organizations: Microsoft, Apple Watch
As CEO of Microsoft, Bill Gates had a packed schedule — even sending 2:00 a.m. requests to employees. It wasn't until he saw Berkshire Hathaway CEO Warren Buffett's personal daybook that Gates learned to cut himself and his workers some slack. "When I was your age, I didn't believe in vacations. I didn't believe in weekends. Get CNBC's free Warren Buffett Guide to Investing, which distills the billionaire's No.
Persons: Bill Gates, Warren Buffett's, Gates, Charlie Rose, Buffett, Warren, It's, Elon Musk —, , CNBC's David Faber, " I've, Musk, Warren Buffett Organizations: Microsoft, Berkshire Hathaway, Workers, Stanford University, Northern Arizona University
Making Them Laugh, and Swoon
  + stars: | 2023-07-08 | by ( Steven Kurutz | More About Steven Kurutz | ) www.nytimes.com   time to read: 1 min
After 11 years in comedy clubs, Matt Rife was selling around 70 tickets per show, sometimes clearing as little as $150 a night. He wasn’t a big enough name last summer to earn an invitation to the Just for Laughs festival in Montreal, an annual showcase for established comics and promising up-and-comers alike. “I had to fly myself out, put myself up for no pay. I’m about to post this video of crowd work. I was watching it, and I was like, This is so stupid.
Persons: Matt, , Locations: Montreal, Syracuse, N.Y,
Donahoe can't get seven hours of sleep every night, but he said that he tries to hit 70 hours of sleep every 10 days. Hitting this target, rather than exactly how much sleep he gets per night, is a sleep science workaround that the Nike CEO says has been working for him. Sleep science research has consistently shown that the average adult should aim for seven hours of a sleep each night. It's not necessarily always going to be the recommended seven hours of sleep that will ensure a good night's rest, according to sleep experts. In the long term, if you don't get enough sleep, there's health outcomes that can occur."
Persons: I've, Elon Musk, CNBC's David Faber, Bill Gates, John Donahoe, Donahoe, It's, Mark Wu, Wu, Gates, Jagdish Khubchandani, Khubchandani Organizations: Nike, CNBC, Summit, Apple Watch, Google, Johns Hopkins University, National Institute for Occupational Safety, Health, United, Blood Institute, Ball State University, New Mexico State University, Ball Locations: America, U.S, China, Santa Barbara , California, United States
"What you want is a balance," Obama told LinkedIn News' "This Is Working" podcast on Thursday. His advice for his two daughters, both of whom are in their 20s: Don't let your hunger for success keep you from enjoying life. "When I was your age, I didn't believe in vacations. I didn't believe in weekends. DON'T MISS: Want to be smarter and more successful with your money, work & life?
Persons: It'll, Barack Obama, Obama, Bill Gates, Gates, Elon Musk, CNBC's David Faber, I've, Musk, Kelly Evans Organizations: Microsoft, Northern Arizona University, Tesla
Tech workers on Blind are discussing ways to find "low pressure" jobs. Some tech workers said they'd be willing to take lower pay in exchange for less stress. The golden era of tech is on its way out as tech workers continue to face mass layoffs. Earlier this week, a Meta worker posted on the anonymous job site Blind asking peers if they had any ideas for "low-pressure jobs." Other workers on Blind expressed similar anxieties, and several tech workers said they'd be willing to accept much lower pay to work in a less stressful environment.
Jeff Shell, who oversaw the media company before him, was fired after an investigation into sexual harassment. Linda Yaccarino, who ran the company’s multibillion-dollar ad business, left abruptly this month to become the chief executive of Twitter. NBCUniversal is losing billions on its streaming service, Peacock, while viewership of its traditional TV networks continues to fade. In 2008, when the U.S. financial system was on the brink of failure, Mr. Cavanagh was a senior executive at JPMorgan Chase, one of the few major banks that was not at risk of collapse. He spent time alongside Jamie Dimon, JPMorgan’s chief executive, and other executives during all-nighters to work out the details of acquiring Bear Stearns, a rival on the verge of bankruptcy.
Elon Musk says his days of trying to sleep less and work more are over — at least, relatively speaking. "And the brain pain level is bad if I get less than six hours [of sleep per night]." Now he gets at least seven hours of sleep, he wrote in a 2019 blog post. Musk often works seven days per week and only takes "two or three" truly workless vacation days per year, he said on Tuesday. "I work seven days a week, but I'm not expecting others to do that."
I'm an adjunct professor, content creator, and happy mother of three kids — a 13-year-old, 2-year-old and 18-month-old. Some semesters were so packed that I had to drop my son off at daycare at 5:30 a.m. Even with three kids and higher housing costs, I'm saving more money than ever. Any money that we have left goes into saving up for our first house. The benefits of raising kids in Germany
Why so many banks seem to fail on Fridays
  + stars: | 2023-03-31 | by ( Allison Morrow | ) edition.cnn.com   time to read: +7 min
That’s because when banks fail, they have a tendency to do so on Friday. Friday, March 10, 2023: Silicon Valley Bank seized by regulators, the second biggest bank failure in US history. “That was very unusual.”Similarly, Silicon Valley Bank’s unraveling happened at a head-spinning pace nearly three weeks ago. Skinny cansAnyone else notice how skinny cans are these days? My colleague Nathaniel Meyersohn, a reporter with an eagle eye for retail trends, explains that skinny cans are, in fact, in.
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