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Bankers bring cake and silly props to pitch for new business — according to a...
It's called a "bake-off," and for investment banks looking to land a role on a big initial public offering, it's a critical time.That's when bankers will, one after the other, try to convince a...
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A $500 billion investor developed 'cutting edge' technology after getting...
Picture this: You're trying to buy a used car, and you're having difficulty.There are many, many more cars out there now than there were a few years ago. The old go-to used-car dealers have smaller...
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This market is hastening a future that has been terrifying Wall Street for years
In the future, they keep telling us, investors will pay lower fees to run their money around the world. This is a future that upends a business model Wall Street and hedge funds have known for decades,...
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This $10 billion Wall Street firm loves hiring interns
Wall Street is known to be a demanding place to work.Interns have to impress the higher-ups as they shoulder full-time workloads, be it updating spreadsheets or tweaking pitches.But the real prize at...
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Bank earnings are coming, and everyone's talking about one thing
US banks are set to release their second-quarter earnings, starting with JPMorgan on Thursday, and analysts are all talking about one thing: interest rates."Does the global economy slow? If so, that's...
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Lawmaker wants to tax financial trades because of Wall Street’s 'reckless greed'
U.S. Representative Peter DeFazio on Wednesday unveiled legislation to tax financial trades that will likely wither in Congress but could stoke partisan fires in the presidential election.The Oregon...
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JPMorgan BEATS (JPM)
JPMorgan reported second-quarter earnings Thursday that beat on the top and bottom lines.The firm reported adjusted earnings per share of $1.46 on revenue of $25.20 billion.Analysts were expecting...
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Bayer isn't letting Monsanto off the hook with a $55 billion takeover offer...
Bayer is not letting Monsanto off the hook.The German company on Thursday said it had boosted its all-cash offer for Monsanto, the maker of Roundup, to $125 per share from $122.That's about $55 billion...
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Citi beats on Q2 earnings (C)
Citi reported second-quarter earnings Friday that beat on the bottom line.The firm reported adjusted earnings per share of $1.24 on revenue of $17.55 billion.Analysts were expecting adjusted earnings...
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Pro tips for getting into a great MBA program from a consultant who charges...
It’s less than two months to go until the round-one deadline at the country’s top MBA program.Harvard Business School (HBS) has the earliest application deadline with round-one applications for Fall...
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Wall Street is obsessed with this technology — but a big group of investors...
Blockchain could be a real game changer for the financial-services industry, and big Wall Street banks and stock exchanges are trying to work out how to make the technology work.But there's one big...
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Here comes Bank of America...
Bank of America Merrill Lynch is expected to report second-quarter earnings at 6:45 ET Monday.Analysts are expecting adjusted earnings per share of $0.33 on revenue of $20.4 billion, according to...
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WALL STREET PAYDAY: 2 tiny firms are going to earn a fortune from the biggest...
SoftBank is buying the British chip-maker ARM Holdings for about $32 billion — and it's big news for two boutique banks.The boutiques The Raine Group and Robey Warshaw landed roles as financial...
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Morgan Stanley made a big move in its key business — and it says everything...
Morgan Stanley has merged three businesses within its prized equity sales and trading business — and it's emblematic of a bigger trend on Wall Street.The firm has combined the cash equity sales desks...
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A Japanese bank just made a big statement of intent on Wall Street
Japanese bank Mizuho has made a big hire in New York.The bank's US operation has hired Wall Street veteran Thomas Hartnett as head of fixed-income sales and trading.Hartnett, who has held senior roles...
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Wall Street's weakest business could be poised for a turnaround
It looks like Wall Street had a blowout quarter in an unexpected business: fixed income.So far, JPMorgan, Citigroup, and Bank of America Merrill Lynch have reported second-quarter earnings, and they...
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Here comes Goldman Sachs...
Goldman Sachs is expected to report second-quarter earnings at 7:30 ET Tuesday.Analysts are expecting adjusted earnings per share of $3.08 on revenue of $7.55 billion, according to Bloomberg.Total...
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Goldman Sachs just put Wall Street on alert with 2 words (GS)
Goldman Sachs reported second-quarter earnings on Tuesday that beat expectations — but that's not the whole story.Though the firm beat in fixed income, currencies, and commodities, or FICC, trading...
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Goldman Sachs' CFO gives us a little more detail about those job cuts
Goldman Sachs has cut its headcount by 5% since the first quarter, to about 34,800 people.On a call following the firm's second-quarter earnings results, CFO Harvey Schwartz provided a little more...
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Here's what Wall Street is saying about Netflix's surprise drop in subscriber...
Netflix's stock is down 13% on Tuesday, after the streaming video service's new subscriber additions came in way below expectations in the second quarter.Netflix added 160,000 U.S. subscribers in the...
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