Finance
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Betterment’s new CEO explains her first big move as the $28 billion robo-advisor contemplates an IPO and new potential funding
Digital wealth manager Betterment is buying Canadian rival Wealthsimple’s US book of business. Betterment, which manages some $28 billion in assets, will...
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419Investor Chamath Palihapitiya cashed out his entire personal stake in Virgin Galactic for $211 million
Chamath Palihapitiya. Getty Images Chamath Palihapitiya cashed out his personal stake in Virgin Galactic this week. The space-tourism group’s chairman sold 6.2...
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Wells Fargo is reportedly joining JPMorgan and Bank of America in giving staff up to 8 hours off to get COVID-19 vaccines
Wells Fargo has urged staff to get the vaccine and will give them paid time off to do so, per a memo...
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362Cryptocurrencies are attractive as a ‘small part’ of any portfolio, former Prudential Financial chief says
R.Tsubin/Getty Images Former Prudential Financial CEO and current CEO of Sanders Morris Harris, George Ball, said cryptocurrencies are “attractive” as a part...
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Marcus just lost its top executive and one of his deputies. These are the 15 execs left guiding Goldman Sachs’ consumer banking upstart.
Goldman Sachs is known for long tenures and promoting from within, but Marcus has seen more turnover. On Monday, Omer Ismail, Goldman’s...
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Robinhood may dump the popular confetti animations that critics say help turn stock trading into a game, report says
Robinhood is weighing whether to dump its iconic confetti animation, Bloomberg reported. The app has come under scrutiny by critics who say...
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498Binance CEO Changpeng Zhao says his cryptocurrency exchange is seeing increased ‘institutional adoption’
Binance CEO Changpeng Zhao ANDREY RUDAKOV/Bloomberg/Getty Images Binance CEO Changpeng Zhao said in an interview on Thursday that institutional adoption of cryptocurrencies...
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Walmart’s mystery fintech — PR cashes in on SPAC craze — Goldman exodus
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: Experts speculate on what Walmart...
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Walmart’s mysterious new fintech startup just made some high-profile hires. Here’s what experts predict these moves mean for the new venture.
Walmart just poached two senior Goldman Sachs execs focused on the bank’s consumer business. The retail giant previously announced the launch of...
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Bank of America has promoted Laura Chepucavage to global markets leadership team, running financing and futures desk
Bank of America has added a new exec to its global markets leadership team. Laura Chepucavage has been promoted to head of...