NASA’s Next Big Challenge? Space Laundry
(CAPE CANAVERAL, Fla.) — How do astronauts do laundry in space? They don’t.
They wear their underwear, gym clothes and everything else until theRead More…
Category: Business
Business
Record High 300,000 Gun Sales Stopped by Background Checks in 2020
(SALT LAKE CITY) — The number of people stopped from buying guns through the U.S. background check system hit an all-time high of more than 300,000 Read More…
Morgan Stanley is inviting interns to spend 1 week in the office in July as Wall Street contemplates a gradual return to in-person work
Summary List PlacementMorgan Stanley told interns across its institutional securities business lines they can participate in a brief in-person offRead More…
Weyerhaeuser CEO Devin Stockfish on the Housing Boom, Inflation and Monetizing Forests in the Battle Against Climate Change
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When the British Navy was the most powRead More…
Northwestern Mutual quietly built a $220 billion wealth management business. Now it’s eyeing its next big hiring push.
Summary List PlacementNorthwestern Mutual, founded 164 years ago, is best known as America’s largest life-insurance provider. Its wealth-managementRead More…
Wall Street’s biggest hiring trends: here’s where recruiting is heating up, and which firms are nabbing top talent
Summary List PlacementInsider has been tracking Wall Street hiring and talking with recruiters and insiders about the biggest trends.
Top healthcarRead More…
JOIN OUR LIVE EVENT JUNE 24: Execs from Deutsche Bank, AllianceBernstein, and Accenture will break down how Wall Street is navigating the return to work
Summary List PlacementAs the worst days of the pandemic seem to be subsiding in the US, there’s one question on everyone’s mind: What does the retRead More…
Banks are starting to compete with buy now, pay later players by offering merchants their own way to roll out the popular payment method
Summary List PlacementBuy now, pay later was a breakout star in the payments world in 2020, with growth fueled by the rapid acceleration of e-commeRead More…
Revolut wins over more customers and revenue, even as its losses mount
Summary List PlacementRevolut’s annual report for 2020 reveals that its user base grew steadily in 2020, with retail customers hitting 14.5 millionRead More…
The UK is the third-biggest tech unicorn hub worldwide
Summary List PlacementThe UK now has 100 tech firms valued above $1 billion and is only the third country to cross this milestone, following the URead More…
The labor shortage has hit investment banks so hard they are looking to convert lawyers and researchers to junior bankers
Summary List PlacementA robust market for initial public offerings and mergers and acquisitions has stretched Wall Street banks to the brink.
Now,Read More…
PayPal’s new merchant fee structure could boost its revenues and competitive edge
Summary List PlacementPayPal says it plans to change some of the fees it charges US merchants for its payment services. These changes, which will goRead More…
Goldman speeds up analyst hiring as banks get desperate for young talent
Summary List PlacementGood morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: As Wall Street deaRead More…
FIS plans to make crypto the great equalizer for community banks losing market share to fintech competitors
Summary List PlacementCommunity banks are hungry to regain market share back from their digital-only, upstart competitors. And one of the key proviRead More…
Goldman Sachs is fast-tracking analyst hiring and may cut down on interview rounds as Wall Street gets desperate for junior bankers
Summary List PlacementInvestment banking is grappling with a shortage of available junior talent to fill open roles, and it’s affecting firms in tRead More…
‘Big 4’ salaries, revealed: How much Deloitte, KPMG, EY, and PwC accountants and consultants make, from entry level to executive roles
Summary List PlacementThe so called “Big Four” accounting firms — PricewaterhouseCoopers (PwC), KPMG, Ernst & Young (EY), and Deloitte — arRead More…
A top exec at KKR explains how giving stock to hourly workers at its portfolio companies has increased retention and productivity
Summary List PlacementKKR’s co-head of Americas private equity, Pete Stavros, is familiar with the challenges low-income hourly workers face. Now, Read More…
A Manhattan judge who has ruled on big Wall Street cases is tired of CEOs getting a pass from prosecutors. He says it’s time to start arresting executives.
Summary List PlacementJudges tend to be more restrained than revolutionary. But that hasn’t stopped Manhattan U.S. District Judge Jed Rakoff from sRead More…
Credit Suisse has lost more than 45 execs, bankers, and traders after a string of scandals. Here’s a list of names and where they’re heading.
Summary List PlacementNearly 50 senior employees have parted ways with Credit Suisse during recent months, according to hiring announcements by othRead More…
JPMorgan to acquire Nutmeg, another prong in its UK digital banking strategy
Summary List PlacementThe US banking giant agreed to purchase UK digital wealth manager Nutmeg Saving and Investment Ltd. for a sum between £500 Read More…
Insurtech Tractable gains traction with new unicorn status and takes on property appraisals
Summary List PlacementThe US-based AI-enabled insurtech raised a $60 million Series D funding round, valuing it at $1 billion, per TechCrunch. TractaRead More…
Hong Kong’s Biggest Pro-Democracy Newspaper Likely to Shut Down This Week After National Security Law Raid
Next Digital plans to stop publishing Apple Daily later this week if authorities don’t allow access to its bank accounts, and will make a final deciRead More…
Inside Wall Street’s labor shortage
Summary List PlacementGood morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: A shortage of junioRead More…
James Murdoch and Laurene Powell Jobs join a $12 million round backing a podcast startup as the audio market heats up
Summary List PlacementJames Murdoch is getting into podcasts. The former Fox CEO’s Lupa Systems is part of a group of investors that just raised $Read More…
CASE STUDY: How Goldman Sachs changed the retail banking game — by entering it (GS)
Summary List PlacementDigital-only banks are redefining retail banking in major markets around the world. Spurred on by consumer frustrations with inRead More…
Deutsche Bank’s UK CEO says she wants investment banking graduates in the office 5 days a week, even as the company moves to flexible working
Summary List PlacementTiina Lee, CEO of Deutsche Bank UK and Ireland, wants investment banking graduates to be in the office five days a week, evenRead More…