Finance News

27 Apr 2024, 17:37

Sundar Pichai, James Gorman, and Sheryl Sandberg have all worked for McKinsey. Here's why the consultancy is a CEO factory.

McKinsey has become known as an incubator for top leadership talent, with many Fortune 500 CEOs numbering among its alumni.

26 Apr 2024, 22:32

Walmart heir Rob Walton just retired from the retailer's board after 4 decades. He and his 2 siblings are worth a combined $228 billion — more than Jeff Bezos or Elon Musk.

Rob, Jim, and Alice Walton's fortunes have more than doubled to more than $72 billion each, making them richer as a trio than Jeff Bezos or Elon Musk.

26 Apr 2024, 17:48

In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn

India's forex reserves decreased USD 2.282 billion to USD 640.334 billion for the seven days ended April 19 in the second co...

17 Apr 2024, 18:54

Stop thinking your expensive watch is an investment, says Rolex boss

It's "dangerous" to view luxury watches like they're investments, said Rolex CEO Jean-Frédéric Dufour

16 Apr 2024, 22:25

Bank of America's dealings with Leon Black and Jeffrey Epstein are in the Senate's crosshairs

A Senate committee asked Bank of America whether Black's $158 million payments to Epstein followed proper protocols, The New York Times reports.

16 Apr 2024, 18:39

Jamie Dimon made $183 million from selling JPMorgan stock

JPMorgan CEO Jamie Dimon sold stock worth $33 million on Monday, after disposing of shares worth $150 million in February.

16 Apr 2024, 18:14

Brace for the S&P 500 to crash 30% before an even bigger collapse after the election, markets guru David Brady warns

Analyst David Brady said overvalued stocks are set to tumble, rebound before the presidential election, and then suffer a devastating crash.

13 Apr 2024, 17:46

'Bluey' fans worry the hit TV show is about to end. A lot of money's at stake — and there are challenges ahead.

"Bluey" ranked among the most-watched shows in America last year but it could suffer some growing pains, one expert says.

12 Apr 2024, 23:49

We're a Gen Z couple making $250,000 combined, but it doesn't feel like we're top 10% earners

Camry and Sheldon, a Gen Z couple who make a combined $250,000, don't feel rich at all thanks to New York rent prices and saving for their wedding.

12 Apr 2024, 23:04

JPMorgan beat earnings expectations but CEO Jamie Dimon rings the alarm on global trouble

JPMorgan posted solid profit and revenue growth last quarter, but Jamie Dimon warned of geopolitical tensions, inflation, and an uncertain future.

12 Apr 2024, 21:22

Jamie Dimon joined other top business leaders at the glitzy White House dinner. See who joined him on the guest list.

Jamie and Judy Dimon made a notable appearance.Getty/Drew Angerer Leaders from JPMorgan, Microsoft, and Apple...

12 Apr 2024, 18:10

BlackRock just reported a record $10.5 trillion in assets under management as client cash poured in and markets delivered

BlackRock saw its assets under management grow by $1.4 trillion in 12 months as client funds poured in and markets performed well.

12 Apr 2024, 16:35

Nvidia is in a bubble, stocks will disappoint for a decade, and a recession will strike this year, markets guru warns

Stocks have lost touch with reality, the microchip buying frenzy won't last, and stagflation is in the cards, Jesse Felder said.

12 Apr 2024, 12:13

Regulators want to know more about how Morgan Stanley vets wealthy clients, like a sanctioned billionaire: WSJ

One client includes a Russian-linked billionaire who was sanctioned by the UK, the Wall Street Journal reported.

12 Apr 2024, 03:43

A 91-year-old former hedge fund manager says weighing probabilities can prolong your life. Here's how he does it.

Edward Thorp, a mathematician, hedge fund manager, and blackjack player, has some advice on how to beat life's odds.

12 Apr 2024, 00:35

AI is coming for Wall Street: Banks are reportedly weighing cutting analyst hiring by two-thirds

"The easy idea is you just replace juniors with an AI tool," a Deutsche Bank chief strategy officer told the New York Times.

10 Apr 2024, 23:51

Judges just unsanctioned 2 Russian oligarchs worth almost $20 billion

A top European court found there was insufficient evidence that Mikhail Fridman and Petr Aven had backed Vladimir Putin's war in Ukraine.

10 Apr 2024, 22:12

How Jamie Dimon, CEO of JPMorgan Chase, became an iconic billionaire banker

Jamie Dimon, CEO of JPMorgan Chase, began his banking career when he started work at American Express.

09 Apr 2024, 19:39

Jamie Dimon had a lot to say in his annual letter to shareholders

Dimon's letter reads a lot more like someone vying to move into 1600 Pennsylvania Ave than the CEO of a bank.

09 Apr 2024, 17:09

Donald Trump crashes out of the Bloomberg rich list due to his meme stock nosediving

The company that owns Truth Social has plunged 53% from its peak two weeks ago, slashing Donald Trump's net worth by more than $3 billion.

08 Apr 2024, 22:58

JPMorgan's Jamie Dimon warns the world is on fire — and plenty of people are way too bullish

JPMorgan CEO Jamie Dimon warned of "one of the most treacherous geopolitical eras since World War II" and flagged inflation and recession risks.

08 Apr 2024, 21:28

Last Call: Nominate a top analyst for Business Insider's rising stars of equity research

We're looking to highlight talented Wall Street analysts who are giving clients top-notch insights and making a name for themselves in the process.

08 Apr 2024, 21:04

China's plan for reinvigorating its economy has the West worried, but others still see an opportunity

US Treasury Secretary Janet Yellen has already warned China shock 2.0 could destabilize the global economy.

08 Apr 2024, 19:59

Jamie Dimon says AI will have 'extraordinary' consequences and may be as transformative as electricity and the internet

JPMorgan CEO Jamie Dimon said in his annual letter to shareholders that generative AI will "reimagine entire business workflows."

08 Apr 2024, 14:59

The big challenge for Wall Street CEOs this spring: keeping both of their jobs

Even if these proposals succeed, researchers are skeptical that separate jobs make companies better.

Beyond The BoardRoom with ICICI Prudential's Anish Tawakley

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