Quant market maker Hudson River moves to Google Cloud to supercharge the algorithms that power millions of trades
To keep up with the relentless "firehose" of data, market maker Hudson River Trading is moving its quant research to the public cloud.
Finance
Star luxury broker is leaving firm shaken by rape allegations against Alexander brothers
Tyrone McKillen was the archetypal star broker when he joined Official in 2023. Now he's leaving as the firm's future has been thrown into doubt.
From intern to partner: Goldman's global head of equity syndicate reflects on her days as a junior banker
Elizabeth Reed started at Goldman as an intern. She discusses burning the midnight oil, meeting her husband at work, and her advice to young bankers.
Nominations are open for Business Insider's Wall Street rising stars. Here's how you can put forward an up-and-coming trader, investor, or dealmaker.
Calling all bosses, colleagues, recruiters, and industry watchers to put forward the investors, traders, and dealmakers on their radars.
Wall Street sees this opaque corner of financial markets as the likeliest source of a credit crisis, Bank of America says
Investors now see "shadow banking" as the leading source of a potential credit event, respondents indicated in Bank of America's latest survey.
Here's what it takes to get hired at top consulting firms right now
Four top consulting firms, Boston Consulting Group, EY, McKinsey, and PwC, told Business Insider what they're looking for in job candidates right now.
Why a millennial stopped saving 70% of her income and started spending over $25,000 a month
Julie Berninger, 35, hit financial independence but now spends over $25,000 a month so she can spend more time with her kids and on her businesses.
JPMorgan CEO Jamie Dimon says he'll add thousands of jobs focused on AI in the next couple of years
JPMorgan CEO Jamie Dimon told LinkedIn that his company has 2,000 AI-focused jobs and he'll likely add 3,000 more in a couple of years.
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Buying an Engagement Ring with a Credit Card: A Guide
Learn how to buy an engagement ring with a credit card, choose the right card, find strategies for budgeting, and manage credit effectively.
Business Credit Card Benefits and Advantages
Not only does using a business credit card keep your work and personal expenses separate, but it also can help you earn even more rewards.
Charge Card Vs. Credit Card: Understanding the Differences
Explore the differences between charge cards and credit cards, including payment flexibility, interest rates, and the impact on credit scores.
Joint Credit Cards: A Comprehensive Guide
Learn how joint credit cards work with our comprehensive guide. Discover smart usage tips to navigate rewards, risks, and sharing the responsibility.
How to Destroy a Metal Credit Card
Unlike plastic cards, scissors are no match for a metal credit card. Try these disposal methods instead to protect your identity and prevent fraud.
Caitlin Clark is the hottest ticket in the WNBA. So why is the cheapest way to see her play in Indianapolis?
It could cost you over $100 to watch Caitlin Clark play a road game. But in Indianapolis, tickets are a bargain.
Why your friendly local landlord is suddenly acting like a big-time robber baron
Your kindly small-time landlord, lured by the promise of greater efficiency and fatter profits, is about to get a lot more cutthroat
Wall Street 'bake offs' are back. Here's what it means for dealmaking, according to Morgan Stanley CEO Ted Pick.
Wall Street has been talking about an M&A rebound for years. Here's why this time it may be real.
Goldman Sachs CEO David Solomon is predicting the long-awaited return of M&A
The M&A drought that's kept investment bankers on the sidelines is on its last legs, according to Wall Street's top dealmaker.
A Colorado couple with a net worth of $800,000 shares how the FIRE movement is helping them reach their goal of retiring in their 40s
A Colorado couple shares how the FIRE movement has helped them grow their net worth to $800,000. They hope to retire in their 40s.
JD Vance tried to be a VC. He didn't do much, old colleagues said.
Sen. JD Vance, Trump's new vice-presidential pick, had been criticized by former colleagues for his lackluster performance in the venture-capital world.
The PE pig roast: How THL uses competitions to get its portfolio companies ahead on AI
As private equity firms turn to AI for competitive edge, Thomas H. Lee says its engineers are up to 30% more productive with AI assistants.
How 4 Gen Zers are reaching financial independence
Many Gen Z Americans are prioritizing financial savviness, aiming for financial independence and early retirement. BI spoke with four who are on track.
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Why Goldman Sachs thinks the merger machine is revving up
On the bank's second-quarter earnings call Monday, CEO David Solomon struck a more bullish note than peers, like JPMorgan's Jamie Dimon.
How AI will shake up Goldman Sachs, according to top partners and CEO David Solomon
AI tools for Goldman's workforce are set to 'land at scale on desks.' Top execs explain how it will impact workflows, from i-banking to engineering.
Read the email CEO Jamie Dimon sent to JPMorgan employees after the assassination attempt on Trump
The JPMorgan CEO's email to staff called for a united stance against violence and encouraged "constructive dialogue."
You must earn over $128,000 to be middle class in parts of the Bay Area. See the income thresholds in other major US cities.
A Business Insider analysis reveals the household income needed to be middle class in major US cities, and it's highest in California and Virginia.
Quant rundown: Here's how hedge funds like Two Sigma, Renaissance Technologies, and D.E. Shaw did in the first half
Big-name quant funds have started 2024 strong.
Coatue founder Philippe Laffont is excited about AI. From 'humanoid' robots to lofty evaluations, here's how the billionaire investor is thinking about the future.
Coatue is a big investor in Nvidia, TSMC, and California-based semiconductor manufacturer Advanced Micro Devices.
Bitcoin surges after assassination attempt as investors bet on Trump returning to power
The price of the digital currency topped $62,000 on Monday as investors bet that Trump would sweep to victory in November.
Finance jobs are more competitive than ever, so some college students are sitting for the industry's most grueling exam before they even graduate
About one in five people who start the CFA are students. They're looking for a leg up applying to internships and full-time jobs.
He turned around his private-equity firm after he started using executive coaches. Here's what he told us.
Graham Weaver, founder and CEO of Alpine Investors, turned to an executive coach when times were tough. Here's how it transformed his business.
A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'
George Dziamniski, 62, leads a "simple" lifestyle that helps him afford the basics.
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A teacher who hoped to take a break this summer is working 3 jobs instead. She explains what she's using the money for.
Rebecca Cox, a teacher, has been working at a restaurant and other jobs this summer. A main reason is to help with savings.
Warren Buffett once told Barack Obama the wealthy should pay more tax — and that his wealth is partly down to luck
Warren Buffett complained he shouldn't pay a lower tax rate than his secretary, called out wealth inequality, and defended estate taxes.
What billionaires and CEOs are wearing at this year's Sun Valley Conference: Red, white, and corporate vests
Execs in tech, media, and finance have flocked to the Sun Valley forum, the "summer camp for billionaires." This is what they're wearing.
Billionaire BlackRock CEO Larry Fink runs the world's largest asset manager. Here's how he became one of the most powerful people in finance.
71-year-old Larry Fink has led BlackRock to become the world's largest money manager.
Citi CEO Jane Fraser pledges to fix tech mess and appease regulators. Here's what she told analysts.
After Citi was fined $136 million, CEO Jane Fraser said the bank isn't taking any shortcuts to fix its tech.
Investment banking is finally gaining steam. Here's why JPMorgan's Jeremy Barnum says it might not last.
Investment-banking revenues were up at JPMorgan, Citi, and Wells, but it may be too soon to rejoice. Here's what JPMorgan's top brass is saying.
A FIRE couple who retired early visited every national park. They shared 6 of their favorites — and 5 to skip.
Steven and Lauren Keys retired early with a high net worth thanks to the FIRE movement. They shared their favorite and least favorite national parks.
Artists in New York got $1,000 monthly through a basic income program. One participant used the money to pay bills and afford healthcare.
Jacinta Bunnell, 52, received guaranteed basic income from Creatives Rebuild New York. The program gave 2,400 artists $1,000 a month for 18 months.
Citi has 12,000 employees dedicated to pleasing regulators and fixing the bank's broken tech. It is going terribly.
Citi's giant "transformation" team can't fix the bank's regulatory issues quickly enough. Its leader is accused of pressuring an employee to hide data.
Pain is coming for 2 sectors as high rates cut off the 'lifeblood' of easy leverage, billionaire Oaktree founder Howard Marks says
Tighter lending conditions means pain is coming for real estate and private equity, Howard Marks said.
$20 billion Balyasny trims its top Asia stock-picker's book so she can focus on building the hedge fund in the region
Singapore-based Archana Parekh joined Balyasny in 2022 from Millennium.
The latest trick companies could be using to pay workers less
Fewer job postings are including experience and education requirements. It could be helping some companies pay their workers less.
Young families are still fleeing major cities in huge numbers, a 'big surprise' for metros trying to escape the urban doom loop
Cities are continuing to lose families with young kids at alarming rates post-pandemic. Many of them are moving to the far reaches of the suburbs.
Warren Buffett wants his children to give away his $130 billion fortune. Does that set up a 'Succession'-style fight?
Berkshire Hathaway CEO Warren Buffett says his $130 billion fortune will go into a trust to be run by his three children. How will they spend it?
Gen Zs are better at 'loud budgeting,' but nearly half still need financial support from family: study
A new report from Bank of America shows that nearly half of Gen Zs depend on family financial support due to rising costs.
New York's viral new trash cans unveiled nearly 2 years after a $1.6 million contract with consultancy giant McKinsey
New York City contracted McKinsey & Company in 2022 to work with the Department of Sanitation on a program to minimize curbside trash.
A Texas Gen Xer who went to college in his 40s says it didn't help him find a job and saddled him with over $100k in student debt
A Texas-based truck driver went to college in his 40s to change careers. He said his degree hasn't helped him find work and saddled him with debt.
French quant firm Capital Fund Management is expanding in the US. Its president tells us where the $15.3 billion manager sees opportunities.
CFM is hiring for roles across the board in the US and is planning to add dozens of new employees over the next five years.
Montana's housing crisis is a warning for older homeowners across the country
Older and retired Montanans are particularly hard hit by the state's severe housing crisis, as their fixed incomes are squeezed by rising costs.