Finance
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Wall Street just heard a record scratch — and it could be a sign that the party in the stock market is shutting down
Recent lawsuits and investigations have chilled the once red-hot market for Special Purpose Acquisition Companies (SPACs). This is good. SPACs are perfect...
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Citadel will redeem $500 million of its shares in Melvin Capital: Report
Citadel will redeem about a quarter of its investment in Melvin Capital. It is unclear if the redemption will be the last...
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How to make your pandemic move permanent and lower your tax bill, according to a $17 billion wealth manager
Many rich Americans want to make their pandemic moves permanent and lower their tax bills. Clarfeld’s Donna Cuiffo says it takes a...
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Hedge funds from BlackRock and Pimco are trailing the average so far this year. Here’s how the massive money managers are performing.
Hedge funds from two asset managers, BlackRock and Pimco, are trailing the average fund this year. One fund in BlackRock’s lineup beat...
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Market order vs. limit order: What’s the difference?
A market order is an order to buy or sell a security immediately, guaranteeing an execution but not a price. A limit...
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What’s the difference between a put option and a call option?
Call and put options give you the right to buy and sell shares of stock at a set price during a specific...
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Goldman Sachs has raised starting salaries for staffers in markets, wealth, and research to $110,000 following bumps for first-year bankers earlier this month
Goldman Sachs has raised salaries for first-year markets, wealth, and research professionals. The firm raised pay for these professionals to $110,000 before...
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Evercore is bumping pay for next summer’s incoming associates to $185,000
Evercore is bumping base comp for 2022 first-year associates to $185,000, Insider has learned. The $25,000 raises make first-year associates some of...
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Buy now, pay later is booming, but concerns remain around merchant fees, credit risk, and the benefit to the consumer
Buy now, pay later is booming, as big payments players like Square, PayPal, and Apple Pay wade in. Now, regulators and consumers...
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Billionaires atop big investment firms like Citadel and Tiger Global are snapping up pricey NYC offices in a rebuke of remote work
Financial firms like Tiger Global, Citadel, and Stone Ridge are expanding their New York offices. The activity reflects a belief that the...