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It was a private dinner in a Parisian garden on the Boulevard St. Germain, meant to cement the important personal relationship between the leaders of France and Germany. Barely disguised insults between them in recent days have pointed to deeper differences over Ukraine, how to confront and contain an aggressive Russia and how to manage an increasingly polarized United States. This week, while visiting Prague, Mr. Macron repeated his refusal to rule out Western troops in Ukraine, a suggestion that surprised his allies who want to avoid a direct confrontation with Russia. Germany, especially, pushed back. Mr. Macron replied in kind.

Persons: Germain, Olaf Scholz, “, Emmanuel Macron muttered, Macron Locations: France, Germany, Ukraine, Russia, United States, Prague

☆ Push to pay Trump legal bills grows within Republican National Committee
▼ + stars: | 2024-03-06 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

A growing number of Republican National Committee members believe its campaign arm should help pay mounting legal bills for former President Donald Trump, a move that could strain the party's ability to financially support other candidates in the 2024 election. "I support the RNC paying President Trump's legal bills," Yue said. And the RNC historically has raised money to support candidates up and down the ballot, not to pay for a candidate's legal bills. There also might be a decision made at that meeting on whether the RNC will pay for Trump's legal bills. "The only mission of the Republican National Committee is to elect our presumptive nominee Trump as the 47th President," Yue wrote.

Persons: Donald Trump, Solomon Yue, Yue, Henry Barbour, Barbour, Nikki Haley, Trump, Trump's, Chris LaCivita —, —, Ronna McDaniel, Joe Biden, Stormy Daniels, Biden's Organizations: Manhattan Criminal, Republican National Committee, RNC, CNBC, Reuters, Former United Nations, Republican, NBC, Trump, White Locations: New York City, Oregon, Houston, New York

☆ Inflation will be around for a while, says TD Cowen's Jeffrey Solomon
▼ + stars: | 2024-03-05 | 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 EmailInflation will be around for a while, says TD Cowen's Jeffrey SolomonTD Cowen President Jeff Solomon joins 'Money Movers' to discuss whether markets are still dovish toward the Federal Reserve, why he isn't expecting rate cuts anytime soon, and more.

Persons: Cowen's Jeffrey Solomon TD Cowen, Jeff Solomon Organizations: Federal Reserve

☆ Why Australia's National Rugby League could help curb China's Pacific influence
▼ + stars: | 2024-03-04 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Australia's National Rugby League could help stop China from gaining more influence in the South Pacific. AdvertisementThe US appears to be courting an unlikely ally to help stop China from building its political and economic influence in the Pacific: Australia's National Rugby League. The Australian Financial Review reported that the White House will support those plans, which policymakers believe could help counter China's efforts to assert itself in the South Pacific. The South Pacific has emerged as a key battleground between Beijing and Washington in recent years. It's popular in Australia, New Zealand, northern England, France, and across the Pacific Islands and has slightly different rules to rugby union.

Persons: Joe Biden, —, Peter V'landys, Biden, Kamala Harris, Spencer Leniu, Ezra Mam Organizations: Australia's National Rugby League, Service, Financial, Biden, NRL, Sydney Morning Herald, Kiribati . Rugby, The Sydney Roosters, Brisbane Broncos, Roosters, Broncos Locations: China, South, Papua New Guinea, New South Wales, Queensland, United States, Australia, Washington , DC, Beijing, Washington, Solomon, Fiji, Tonga, Kiribati, New Zealand, England, France, Las Vegas

☆ Wall Street titans like Jamie Dimon, David Solomon, and Jeffrey Gundlach are still worried about a recession — and warn investors are too complacent
▼ + stars: | 2024-03-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Here's a roundup of recent recession warnings from six experts:This story is available exclusively to Business Insider subscribers. Jamie Dimon, JPMorgan Chase CEOAdvertisementThere's a long history of investors being caught off guard by sudden downturns, Dimon told CNBC this week. AdvertisementSteve Hanke, Johns Hopkins professorThe US economy is headed for a recession if history is any indication, Hanke told Business Insider this week. AdvertisementPaul Dietrich, B. Riley Wealth Management's chief investment strategist"We're still on the path to recession," Dietrich told Business Insider in a recent interview. AdvertisementJeffrey Gundlach, DoubleLine Capital CEO"I think recession is closer than most people think," Gundlach said in a recent YouTube video.

Persons: —, Jamie Dimon, There's, Dimon, David Solomon, Goldman Sachs, Solomon, Ellen Zentner, Morgan Stanley's, Zentner, Steve Hanke, Johns Hopkins, Hanke, Paul Dietrich, Riley Wealth, We're, Dietrich, Jeffrey Gundlach, Gundlach Organizations: Service, Federal Reserve, Business, JPMorgan, CNBC, UBS, DoubleLine Locations: American, Russia, Ukraine, Israel

☆ How Germany’s Most Wanted Criminal Hid in Plain Sight
▼ + stars: | 2024-03-01 | by ( Erika Solomon | Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

It took authorities more than 30 years to hunt down one of Germany’s most wanted fugitives. For Michael Colborne, an investigative journalist running old photographs through a facial recognition service, it took about 30 minutes. Instead, the facial recognition software he used lighted upon a woman called Claudia Ivone. Another showed her in a white headdress, tossing flower petals with an Afro-Brazilian society at a local street festival. He had stumbled on an alias Ms. Klette had used for years, as she hid in plain sight in the German capital.

Persons: Michael Colborne, he’d, Daniela Klette, Baader, Meinhof, Claudia Ivone, Klette Organizations: Red Army Locations: German, Brazilian

☆ Private credit may offer high yields, but investors should tread carefully. What to know
▼ + stars: | 2024-02-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Private credit has become a hot investment on Wall Street as institutional investors seek out alternative investments with attractive dividends. "Investors might consider allocating a portion of their portfolio to private credit, depending on their individual risk tolerance, investment horizon and financial goals." Private credit funds have yields generally in the low-teens, although it can vary, he said. In a February report on U.S. life insurance ratings, Fitch Ratings said, "elevated private credit borrower leverage and a relative deterioration in private credit terms and conditions during more competitive lending environments are adding to pressures in the credit quality of private credit assets." The majority of the portfolio is in direct lending private credit, but a portion is also in publicly-traded securities of larger corporate issuers.

Persons: SoFi, Vivek Paul, Paul, Goldman, Greg Olafson, David Solomon, Fitch, Lisa Kwasnowski, Blackstone, Kwasnowski, Chuck Failla, it's, Failla, Oppenheimer, Mitchel Penn, Penn, Ares Capital, They've Organizations: Street, Franklin BSP Private Credit Fund, CNBC, Wall, BlackRock, Research, Management, UBS, Blackstone Private Credit Fund, Sovereign Financial Group, Securities and Exchange Commission, Owl, Golub, Ares, Sixth, SEC Locations: DBRS Morningstar's

☆ Kroger, Albertsons and the New Antitrust Playbook - The New York Times
▼ + stars: | 2024-02-28 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

“The proposed acquisition is by far the largest supermarket merger in U.S. history,” one that would unite “the No. 2 traditional supermarket chains in the United States,” it says in its complaint. is correct on the numbers, but the key word is “traditional.” Traditional supermarket chains no longer dominate the grocery business. Kroger is a distant second to Walmart, with a 10 percent market share, and Albertsons is fourth (behind Costco Wholesale), with 6 percent. So even if Kroger and Albertsons merged, they would be only a little more than half of Walmart’s size.

Organizations: Kroger Co, Albertsons Companies Inc, titans, Federal Trade Commission, Albertsons, Walmart, Sam’s Club, Solomon Partners, Kroger, Costco Wholesale Locations: United States

☆ Goldman Sachs CEO David Solomon isn't so sure the US is on track to avoid a recession
▼ + stars: | 2024-02-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The US economy appears really robust — GDP grew 3.3% in the fourth quarter, the job market is strong, and stock markets are on fire. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ ‘Scandals and secrets’: On board the world’s most exclusive private residential ship
▼ + stars: | 2024-02-24 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

Welcome to The World, an exclusive private residential ship home to 165 superluxe apartments. Antonucci’s children were in their early 20s during his stint as a World resident, but they came and visited their parents on board from time to time. Unlike on an ordinary cruise ship, residents are able to make renovations and decorate according to personal tastes. Peter AntonucciFor many residents, the social life on board The World is also a big part of the appeal. The World’s owners also chose not to respond to Antonucci’s account of life on board.

Persons: CNN —, – you’ve, “ I’m, Peter Antonucci, you’ve, Antonucci, he’d, ”, he's, Peter Antonucci Antonucci, “, Antonucci didn’t, they’d, Antonucci can’t, ” Antonucci, –, aren’t, “ They’re, I’ve, ’ Antonucci, There’s, carousing ”, wasn’t, I’d, ‘, Antonucci “, he’s Organizations: CNN, HBO, CNN Travel, “, Street, Wimbledon, ” Locations: Antonucci, Belize, Panama, New York, Europe, Maldives, Seychelles, Australia, New Zealand, London, Rio de Janeiro, Florida, Solomon Islands, South Africa

☆ Exclusive: Russia-linked smear campaign against Hunter Biden began earlier than previously thought
▼ + stars: | 2024-02-23 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +8 min

The man pushing the thumb drive was a citizen of an Eastern European country and a guest of Claremont. That evening, Rollie passed a thumb drive containing disinformation about Hunter Biden and Burisma to a Pompeo aide. Smirnov was indicted last week for lying to the FBI about Hunter Biden. The revelation about Rollie's thumb drive comes shortly after the indictment of Smirnov, for allegedly making false statements about Hunter Biden in June 2020. Like Smirnov, Rollie's materials accuse Hunter Biden of involving his father in Burisma's business and committing a vast off-the-books fraud.

Persons: Mike Pompeo, Hunter Biden, Rollie, Pompeo, Burisma, BI Rollie, I'm, Rollie's, Biden's, Josef, Johnathan Buma, Donald Trump, Joe Biden's, Peter Schweizer, Rudy Giuliani, John Solomon, Hunter, Giuliani, Alexander Smirnov, Smirnov, Biden, David Weiss, Smirnov's, Joe Biden, GOP Sen, Charles Grassley, MAGA, Jack Posobiec, Buma, Anastasiia Carrier Organizations: Claremont Institute's, Claremont, Business, BI, KGB, Department, Claremont Institute, FBI, New York Times, Prosecutors, GOP, State Department, Justice Department, Anastasiia Locations: Russia, Ukrainian, Beverly Hills, Eastern, Soviet, Los Angeles, Russian, Delaware, Ukraine, The Hill, East, West, Eastern Europe

☆ Goldman Sachs bought Joe Duran's wealth business and sold it 3 years later. The ex-partner spills on leaving, his new venture, and 'not living up to everything possible.'
▼ + stars: | 2024-02-22 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Three years prior, he had sold United Capital, a registered investment advisor, to Goldman Sachs for $750 million. Duran's mandate was to run United Capital as well as Ayco, the bank's workplace financial planning unit. Finding his next mountain to climbDuran described his time with Goldman Sachs as "a fantastic experience in almost every way." In working for nine months on that strategy, he realized how much the industry had changed since he sold United Capital in 2019. "He has been a good partner at Goldman Sachs, and we're excited to cross paths with him again soon."

Persons: —, Joe Duran, Goldman Sachs, David Solomon's, Duran, wasn't, Julian Salisbury, Dina Powell, McCormick, Goldman, it's, I've, United Capital Duran, Joe, Tucker, There's Organizations: Service, United Capital, Business, Goldman, Growth Partners, Ritz, Carlton, Westin, General Electric

☆ Inside the latest drama at Goldman Sachs that reportedly has some partners up in arms
▼ + stars: | 2024-02-22 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

AdvertisementThe drama playing out within the upper ranks of Goldman Sachs is continuing to unfold, and CEO David Solomon's troubles with senior partners don't appear to be over yet. (Garcia's co-head of European investment banking, Anthony Gutman, is also said to have been named to the committee.) Bloomberg reported this week that Beth Hammack — a longtime Goldman partner, co-head of the global financial group, member of the management committee, and former CEO of Goldman Sachs Bank USA — is set to step down. And when Esposito broke the news last month of his imminent departure in a note to partners and clients, he wrote, wistfully, that he planned to "bleed Goldman Sachs forever." Are you a Goldman Sachs or Wall Street insider?

Persons: Goldman Sachs, David Solomon's, who's, Mark Sorrell, Gonzalo Garcia, Joshua Franklin, Arash Massoudi, Kim Posnett, Sorrell —, Sir Martin Sorrell, Stephan Feldgoise, Anthony Gutman, Sorrell, Gutman, Garcia, Goldman, Alison Mass, George Lee, Jim Esposito —, —, Solomon, Adebayo, Beth Hammack —, Esposito, wistfully, Reed Alexander Organizations: Financial, IB, Reading, Goldman, Bloomberg, Goldman Sachs Bank Locations: Miami

President Volodymyr Zelensky of Ukraine called on world leaders not to abandon his country, citing the recent death of a Russian dissident as a reminder that President Vladimir V. Putin of Russia would continue to test the international order, and pushing back against the idea of a negotiated resolution to the war. Mr. Zelensky, speaking on Saturday at the Munich Security Conference, said that if Ukraine lost the war to Russia, it would be “catastrophic” not only for Kyiv, but for other nations as well. “Please do not ask Ukraine when the war will end,” he said. “Ask yourself why is Putin still able to continue it.”The two topics that have loomed over nearly every discussion at the yearly meeting of world leaders have been Russia and the potential weakening of trans-Atlantic relations, amid an increasingly pessimistic assessment of Kyiv’s ability to beat Moscow.

Persons: Volodymyr Zelensky, Vladimir V, Putin, ” Organizations: Munich Security, Kyiv, Moscow Locations: Ukraine, Russian, Russia

☆ Zelensky Visits Berlin and Paris to Shore Up Support as U.S. Wavers
▼ + stars: | 2024-02-16 | by ( Erika Solomon | Constant Méheut | ) www.nytimes.com time to read: +1 min

President Volodymyr Zelensky of Ukraine is making a whirlwind trip through Berlin and Paris on Friday in a bid to shore up European backing at a critical moment for his country’s fight against Russia, with United States support wavering and Ukraine desperately in need of more arms. Arriving in Berlin on Friday morning, Mr. Zelensky signed a security agreement with Chancellor Olaf Scholz of Germany. The Ukrainian leader was expected in Paris later Friday to sign a similar accord with President Emmanuel Macron of France, before an expected appearance at the Munich Security Conference on Saturday. “A historic step,” Mr. Scholz wrote in a social media post that included a picture of him and Mr. Zelensky holding the agreement after it was signed. European leaders have been scrambling to offer more support to Ukraine amid growing concerns that a $60 billion United States aid package, which passed the Senate, may yet be scuppered by Republicans in the House.

Persons: Volodymyr Zelensky, Zelensky, Chancellor Olaf Scholz of Germany, Emmanuel Macron, Mr, Scholz Organizations: Russia, United, Munich, Republicans Locations: Ukraine, Berlin, Paris, United States, Ukrainian, France, States

☆ Here's the latest sign that Goldman Sachs CEO David Solomon isn't going anywhere: His 2023 pay.
▼ + stars: | 2024-02-16 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

Of that bonus, $20.3 million, or roughly 70%, will be awarded in stock, with a remaining cash bonus portion of about $8.7 million. Solomon's freshly-announced 2023 comp puts him just behind his fellow Wall Street bosses. Everyone knows that, on Wall Street, money talks. But Wall Street is a notoriously competitive gauntlet and Solomon has yet to beat his personal 2021 record this time around. There's always next year — and it looks like Solomon will still be here to take another bite at the apple.

Persons: David Solomon, Goldman Sachs, Jamie Dimon, Morgan Stanley, James Gorman, he's, Goldman, —, Solomon, Adebayo Ogunlesi, What's, There's Organizations: Service, JPMorgan Chase, Wall

☆ Ivanka Trump's spotty memory called 'suspect' by judge in fraud trial verdict, even though she was dismissed from the case
▼ + stars: | 2024-02-16 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +7 min

Justice Arthur Engoron devotes more than a page of his 92-page fraud verdict to Ivanka Trump. In his verdict, Engoron refers to Ivanka Trump's "inconsistent recall," calling it "suspect." AdvertisementAs the Trump fraud trial's only former defendant, Ivanka Trump is long gone from the case. Ivanka Trump and Jared Kushner were together worth an estimated $1 billion during the Trump administration, according to their financial disclosures. AdvertisementA lawyer for Ivanka Trump did not immediately respond to a request for comment on this story.

Persons: Arthur Engoron, Ivanka Trump, Engoron, —, Trump, Letitia James, Donald Trump , Jr, Eric Trump, Donald Trump's, Ivanka, Trump's, Louis Solomon of, Jane Rosenberg, Jared Kushner, Donald Trump, It's Organizations: Service, New, Trump Organization, OAG, Trump Organization . Wharton, Deutsche Bank, Court, REUTERS, Trump National Doral, Post, Trump International, Ivanka Trump, Trump, DC Locations: New York, New, Miami, Chicago, Washington ,, Manhattan, New York City, Ivanka Trump's

☆ Getting into the right mindset for Valentine’s Day
▼ + stars: | 2024-02-14 | by ( Ian Kerner | ) edition.cnn.com time to read: +8 min

No matter your view on the topic, Valentine’s Day is a great opportunity to put sex on the calendar, but don’t just focus on the act itself at the end of the evening. I’m not telling you to rearrange your entire day for sex, but to make small intentional choices that are pro-sex. That’s why my Valentine’s Day advice for you is not to just have sex. It’s Valentine’s Day, so come up with a sexy prize for each win and a naughty consequence for each loss. Don’t forget your kidsMany teens also feel pressure around Valentine’s Day — to be in a couple, find a date or have sex (whether or not they’re feeling ready).

Persons: Ian Kerner, ”, we’ve, Heck, I’m, Sara Nasserzadeh, It’s, ” Nasserzadeh, Leah Abucayan, Signe Simon, Simone Humphrey, you’ve, Alexandra Solomon, “, you’re, ” Solomon, Don’t, Debby Herbenick, it’s, they’re, ” Herbenick, Emily Nagoski Organizations: CNN, ” CNN, Northwestern University, Indiana University School of Public Health Locations: California, New York City, Illinois, Bloomington, Massachusetts

☆ Finland’s New President Faces Unexpected First Test: Not Russia, but Trump
▼ + stars: | 2024-02-12 | by ( Johanna Lemola | Erika Solomon | ) www.nytimes.com time to read: 1 min

Educated in the United States and deeply pro-American, Finland’s president-elect, Alexander Stubb, looked perfectly poised to lead his nation into a stronger trans-Atlantic partnership and redefine its role in the global order as a newly minted NATO member. Instead, he will enter office next month at a time when U.S. politics has once again thrown the durability of that relationship — and the wisdom of European nations counting on it — into question. For weeks, the two candidates in Finland’s runoff presidential elections, which Mr. Stubb won on Sunday, had played up their pro-NATO credentials and tough views on Russia. Then the former U.S. president Donald J. Trump threatened that, if re-elected, he would let Russia “do whatever the hell they want” against NATO allies that do not contribute sufficiently to collective defense.

Persons: Alexander Stubb, —, Stubb, Donald J, Trump Organizations: NATO Locations: United States, NATO, Russia

☆ Voters in Finland Will Choose a President to Shape a New NATO Era
▼ + stars: | 2024-02-11 | by ( Erika Solomon | Johanna Lemola | ) www.nytimes.com time to read: +1 min

The election might typically gain little notice beyond the borders of the sparsely populated northern European country of 5.6 million. But Finland, the newest member of NATO, shares the longest border with Russia — some 830 miles — and its politics have taken on special interest to its European and American allies as the geopolitical order shifts. U.S. power is being challenged by Moscow and Beijing, and Europe is grappling with its largest land war since World War II. At the same time, the American commitment to aiding Ukraine looks increasingly in doubt, and an unpredictable American presidential election looms. Finland’s president is responsible for foreign policy, and whoever wins will bear chief responsibility for steering the country through a changing world.

Organizations: NATO Locations: Russia, Finland, Moscow, Beijing, Europe, Ukraine

☆ On a Frozen Border, Finland Puzzles Over a ‘Russian Game’
▼ + stars: | 2024-02-10 | by ( Erika Solomon | ) www.nytimes.com time to read: +1 min

Poking up through the snow drifts on the Finnish-Russian border lies a symbol of Moscow’s biggest provocation yet toward NATO’s newest member: a sprawling heap of broken bicycles. The battered bikes are sold for hundreds of dollars on the Russian side to asylum seekers from as far away as Syria and Somalia. They are then encouraged — sometimes forced, according to Finnish guards — to cross the border. As Finns vote on Sunday for a new president, who will be responsible for foreign policy and act as commander in chief, Finland has become fixated on its 830-mile border, the longest with Russia of any NATO country. How Finns handle the challenges there is critical not only for them, but also for their new allies on both sides of the Atlantic.

Persons: —, ”, Ville Organizations: NATO Locations: Russian, Syria, Somalia, Finnish, Vyborg ., Finland, Russia

☆ From million-dollar private boxes to carpooling on private jets, here's how billionaires are doing the Super Bowl
▼ + stars: | 2024-02-09 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

The Super Bowl has always been a draw for billionaires and powerful executives. Elon Musk and Rupert Murdoch at the Super Bowl on Sunday. For an extra $10,000 to $250,000, Carrega arranges in-suite meet-and-greets, pre-game huddles, and photo ops with former Super Bowl champions or commentators. Kevin Mazur/Getty ImagesWhen it comes to accommodations, Vegas is proving easier than many other Super Bowl destinations, Brown said. Charter service VistaJet , whose private flights cost between $14,000 and $25,000 an hour, recorded a 25% increase in flight bookings over last year’s Super Bowl.

Persons: —, Taylor Swift, Hunt, Denise York, Elon Musk, Rupert Murdoch, ’ Michael Rubin's, Josh Harris, Robert Kraft, Goldman Sachs, David Solomon, Caitlin O’Hara, ” Elisabeth Brown, Barnabas Carrega, they're, Brown, “ Price, ” Carrega, Carrega, ” Brown, ” She’s, Savage, Kevin Mazur, Wynn, Leona Qi, you’re, ” Qi, “, ” Organizations: Service, Business, Chiefs, 49ers, Forbes, Patriots, Reuters, “, Knightsbridge, Super, Vegas, Davos Locations: Las Vegas, Sin City, Las, Tampa , Florida, Vegas, “

A special election in the suburbs of New York to replace disgraced former Rep. George Santos could offer clues about the mindset of suburban voters everywhere as 2024 election contests ramp up across the country. “This is a big concern for my district,” Pilip said. He had a comfortable victory in his last race in the district in 2020, defeating Santos, then a relatively unknown Republican. Another question that has loomed over the race has been whether the district will exist in its current form for much longer. The ruling was a major win for Democrats in the state who have angled for more favorable congressional districts.

Persons: George Santos, Santos, Tom Suozzi, Mazi Pilip, “, ”, Larry Levy, hasn’t, Pilip, Operation Solomon, Israel, hasn't, Joe Biden, ” Pilip, Suozzi, Biden, “ She’s, I'm, I’m, Donald Trump, Robert Zimmerman Organizations: Republicans, . Rep, Democrat, Republican, National Center for Suburban Studies, Hofstra University, New York City, Democratic, Wall, Democrats Locations: New York, New York City, Queens, Long, Ethiopia, Operation, Horn of Africa, Israel, Ukrainian, Nassau, New, U.S, Mexico, Suozzi

☆ One of Wall Street's favorite ways to control workers is under attack
▼ + stars: | 2024-02-08 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

One of Wall Street's favorite employee leverage tactics — non-compete agreements — is facing a major threat, and there could be far-reaching implications for how the financial industry does business. But it's also clear that Wall Street firms are under particular attention for the practice. With major Wall Street firms already having among the most unpopular back-to-work policies in the market, "Wall Street is already in a position where they are recognizing they don't have all the hands they had before," Chamberlin said. Shore recommends Wall Street firms undertake a thorough competitive analysis at every level in every department to ensure they are market competitive. Even if the FTC rule goes through, Wall Street firms still have options to protect their business.

Persons: Charles Scharf, Wells, Brian Thomas Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Ronald O’Hanley, Robin Vince, BNY Mellon, David Solomon, Goldman Sachs, James Gorman, Morgan Stanley, General Mills, —, Wall, it's, Kathy Hochul, that's, Covid, Laurie Chamberlin, Chamberlin, Lina Khan's, Khan, It's, David Fisher, Gilbert, Fisher, Juan A, Crowell, Arteaga, Paul Webster, Matt Shore, Kareem Bakr, Webster, Leslie John, Ballard Spahr, John Organizations: Company, Bank of America, JPMorgan, Citigroup, BNY, Google, Apple, Pfizer, Exxon Mobil, General Electric, Procter, Gamble, Nike, Economic, Institute, Federal Trade Commission, North America, American College of Emergency Physicians, Davis, FTC, Supreme, Industry, Moring, Wall, Phaidon International, Wall Street Locations: Wells Fargo, Hart, Washington ,, New York, . California, U.S, Gilbert . Massachusetts, Oregon, Washington, Massachusetts

☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

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