What you need to know on Wall Street today
Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.
2017 was a rough year for Wall Street bond traders - with low volatility and decreased demand leading to revenue slides across the industry.
But despite the second down year in a row for fixed income, currency, and commodities (FICC) sales and traders, the hiring outlook in 2018 has some silver linings, according to new report from Options Group, one of Wall Street's top recruiting firms. Here's our story.
In related news, it's bonus season on Wall Street - here's when each of the big banks is announcing how much people will get paid.
In markets news, Wall Street just freaked out about a potential hiccup to a revolutionary gene editing technology - but it's not as bad as it seems. GoPro's plunging stock made short sellers $45 million in a single day. Warren Buffett's Berkshire Hathaway could get a $37 billion windfall from tax cuts. And two areas of tax reform could throw investors for a loop this earnings season, according to Goldman Sachs.
In news from Washington, a top Fed official says a policy shift once seen as radical is "not nearly as scary as you might think." And Congress may be getting ready to create a whopper of a fiscal cliff.
Lastly, in crypto news, Jamie Dimon says he regrets calling bitcoin a "fraud." The tea company that planned to buy bitcoin mining machines is backpedaling on its plans. And bitcoin's main technology opens up opportunities to profit from 14 stocks, HSBC says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market