finance

Jamie Dimon urges incoming president Donald Trump to prioritize immigration policy in his second term.Trump has said he plans to conduct mass deportation in his second term.Dimon also advocates for education reform and doubling the earned income tax credit.With Donald Trump set to take office in about a week, top Wall Street leaders are coming…

Some Americans are struggling to find work due to a challenging labor market.Many have found temporary ways to generate some income while they look for jobs.These strategies aren't always enough to prevent significant financial challenges.Americans who are struggling to land full-time jobs are finding creative ways to pay the bills while they search for work.Juan…

Blackstone encourages junior staff to speak at deal meetings, fostering open dialogue.It can be "scary," said Jon Gray, the firm's president, on a recent podcast.A former intern told BI last year that a senior leader said to him "rank doesn't matter here."Blackstone's president said that senior executives often ask the most junior people in the…

Wall Street jobs pay well, but work-from-home opportunities tend to be slim. JPMorgan is considering whether to call all its employees back to the office full time. Check out the RTO policies at the biggest financial firms like JPMorgan, Blackstone, and Citadel.  Every day it seems as if another company is calling its workers back…

2024 was a good year for many of the industry's biggest quant names.Players like Renaissance Technologies and Marshall Wace returned more than 20%.Cliff Asness's AQR also had a big year, with its multistrategy Apex fund returning more than 15%.Much like their peers in the multistrategy world, quant hedge funds had a strong 2024.Algorithm-driven trading firms…

Wall Street's biggest banks are gearing up to communicate 2024 bonus compensation to staff.Bonuses are expected to be as much as 35% higher as demand for corporate dealmaking grows.Here are the dates banks like JPMorgan and Goldman are expected to tell employees what they made.Wall Street bonus season is kicking into high gear this week…

Bridgewater Associates cut 7% of staff, or about 90 people.The hedge fund, which manages $172 billion, is known for its radical transparency and high turnover.The company last laid off people in 2023 to cut costs and free up resourcesBridgewater Associates cut 7% of its staff on Monday in an effort to stay lean, a person…

A friend of Charlie Munger's says Munger doubled his money on a contrarian bet soon before his death.The friend, Li Lu, gave an interview in which he discussed Munger's careful approach to investing.Li also described dramatically different approaches to risk tolerance between Munger and Elon Musk.Charlie Munger was still sniffing out bargains and scoring big…

Business Insider asked 27 venture-capital investors to nominate the most promising fintechs.Fintechs using AI to help Wall Street firms, bankers, and consumers lead this year's series.Here are 15 top AI-powered fintechs, according to VCs.Fintech investors still see at least one bright spot in the industry, despite funding to the sector hitting one of its lowest…

Warren Buffett paid tribute to Charlie Munger and pared his Apple and Bank of America bets in 2024.Berkshire Hathaway hit a $1 trillion market value and its cash pile ballooned to more than $300 billion.Buffett donated some $6 billion to good causes and updated his plan for post-mortem giving.Warren Buffett had a year to remember…