Google Pay redesign — Hedge fund salaries revealed — Affirm gears up for IPO

Google Pay redesign — Hedge fund salaries revealed — Affirm gears up for IPO
Traders with masks work on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020.REUTERS/Brendan McDermid

The weekend is near.

New York City public schools, the largest school district in the country, announced it is transitioning its more than 1.1 million students to remote learning. It's the latest sign of the type of lockdowns that are being rolled back out as a result of a rise in positive coronavirus cases.

Meanwhile, startup Affirm posted its S-1. It's the latest development in the red-hot world of buy now, pay later. One interesting nugget from the paperwork is the fact 30% of Affirm's revenue comes from one merchant partner: Peloton.
Advertisement
If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.

The new look Google Pay

79303559
Advertisement

Google Pay has a whole new look as it aims to be a do-it-all app for personal finance.

Shannen Balogh has the full rundown on how Google Pay has been redesigned. Part of those efforts include working with banks themselves, among them Citi. While Google Pay isn't offering any actual financial products, it is hoping to play a key role in how people view and manage their finances.
Advertisement

Click here to read the entire story.

How much engineers, associates, and researchers are paid at AQR, Bridgewater, Citadel, D.E. Shaw, Point72, and Two Sigma

79303563

Salary data alert! Alex Morrell and Bradley Saacks with some nice comp compares between some of the world's largest hedge funds. Check out what you can expect to get paid at AQR, Bridgewater, Citadel, and Point72, among others. Read more here.
Advertisement

Morgan Stanley is already playing matchmaker for E-Trade clients and financial advisors. Here's why a top wealth exec thinks it's a 'quick win.'

79303566

Rebecca Ungarino with a nice update from a Morgan Stanley executive on how the firm's integration with E-Trade is going. Get the full rundown on how the bank is integrating the discount brokerage. Read more here.

Nasdaq's Quandl just hired a new executive for what it believes is the next big opportunity for alt data

79303568
Advertisement
Bradley Saacks with a nice people move for alt-data provider Quandl. Get the scoop on the new hire, and what it means for where it is focusing efforts going forward. Check out the story here.

Wall Street is seeing an adoption surge for complex forms of AI. But firms still need to wrap their heads around the tech.

79303571

Wall Street is putting more resources towards complex forms of artificial intelligence. However, with more mature tech comes a different set of problems. I spoke to some experts about the need to understand and explain deep-learning techniques. Read more here.
Advertisement

Odd lots:

How to Win Over Headhunters (Institutional Investor)

Credit Trading Will Be a Hiring Hot Spot at Banks, McKinsey Says (Bloomberg) The Secret $11 Billion RIA of Eaton Vance — And Its Future Under Morgan Stanley (RIA Intel)
Advertisement

New York Hotel Owners to Pay $500 Million to Pandemic-Hit Workers (WSJ)

A family keeps turning down millions for its 1,900-square-foot house next to the Masters golf course (BI)

{{}}