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Forbes' lawsuit against its new owner hinges on whether this secret promise...
Forbes Media's sale is running into trouble after the buyer refused to pay back a loan on part of the deal.The Forbes family is suing Integrated Whale Media, the Hong Kong-based investment firm that...
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Goldman Sachs is starting to cash in on its tech investments
Goldman Sachs CEO Lloyd Blankfein has often referred to his firm as a "tech company."Now we're starting to see what he means by that.On Thursday, the banking behemoth announced a new initiative...
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The client list of Wall Street's marquee boutique firm is absolutely staggering
Blair Effron has been a very busy man.In 2006 he left UBS and teamed with a bunch of Wall Street all-stars to launch Centerview Partners, a small investment bank with operations in several...
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Wall Street is deeply confused about Tesla (tsla)
Tesla reported third quarter earnings last week, and they should have been an opportunity for reckoning on Wall Street.The numbers were more or less in line with expectations: Tesla brought in what was...
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Bitcoin is off to the races again
The value of bitcoin has rocketed higher since late August, gaining more than 60% as investors around the world clamor to buy into the cryptocurrency. It recently hit new highs for the year.Long-term...
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Wall Street's party may be over
It's getting harder for big banks to place loans for big buyout deals, and that could have major implications on Wall Street.Banks are having trouble placing billions of dollars' worth of loans to...
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Wall Street bonuses are set to fall — and it's 'more than a blip'
Wall Street bonuses are likely to dip between 5% and 10% at big banks this year, according to an annual industry survey published by consulting firm Johnson Associates. But there's one big bright spot,...
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This ‘Wall Street training’ course bundle could help get your finance career...
The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships so we may get a share of the revenue from your purchase.Finance isn't the most welcoming...
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A Nobel Prize winner just ripped into bitcoin, saying it 'is likely to go to...
Bitcoin has been ripping higher recently, and some market participants say the digital currency is finally making a rebound with investors after a sustained fall.The advice from one Nobel Prize winner:...
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Short seller who crushed Valeant just slammed another pharma stock
Shares of pharmaceutical company Mallinckrodt tanked after Citron Research, a short-selling firm led by Andrew Left, tweeted that it has "more downside than Valeant."Mallinckrodt's share price fell...
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Now we know what scares Bill Ackman about Valeant
For weeks Pershing Square chief Bill Ackman has been pooh-poohing the controversy surrounding his largest holding, Valeant Pharmaceuticals.He's said that concerns about its relationship with a shady...
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The makings of Andrew Left, the man behind those brutal short-selling reports...
His tweets send share prices plummeting, his TV interviews keep Wall Streeters glued to their screens, and his research reports worry his mother.That's right. Andrew Left's mom worries for his...
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Wall Street bonuses will be 5 to 10 percent smaller this year
Workers in the finance industry — among the highest paid employees in the country — will be taking home a little less this year.Year-end bonuses on Wall Street are expected to be 5 percent to 10...
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The 38th-wealthiest American called Harvard when it rejected him ― and his...
Long before he started rubbing shoulders with the likes of Barack Obama, Pope Francis, and Indian Prime Minister Narendra Modi, Blackstone CEO and cofounder Stephen Schwarzman was an anxious teenager...
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A private equity billionaire sponsors 300 New York City school kids — and...
When the 'King of Capital" Steve Schwarzman isn't tending to his empire, he's writing some 350 school kids ultra personal notes about their report cards.The Blackstone chairman and CEO sat down to chat...
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JPMorgan fell victim to the largest theft of customer data from a financial...
The US Attorney for the Southern District of New York, Preet Bharara, has charged three people in connection to "the largest theft of customer data from a U.S. financial institution in history."One of...
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The richest man in private equity has one piece of advice for entrepreneurs,...
Sometimes it makes sense to stay in your comfort zone.That's the lesson Steven Schwarzman wants to relay to young entrepreneurs looking for success.The $11.6 billion CEO and chairman of Blackstone sat...
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2 former Goldman Sachs bankers are generating buzz with a hiring platform...
Porter Braswell was working his way up the ladder at Goldman Sachs, first as an intern and then as an analyst on its macro foreign exchange desk. But he also realized his opportunity was rare —...
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New York's top banking regulator wants fintech apps to tighten security
New York's top banking regulator wants third-party fintech apps to tighten up their security. The New York Department of Financial Services (DFS) is soliciting input from other top regulators including...
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This is the secret to how legendary director Martin Scorcese and hedge fund...
It's no secret that investing magnate Ray Dalio is a big proponent of meditation — after all, he once said it made him feel like a "ninja in a fight."But you've probably never seen him chatting about...
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