More than 300 interns at Citadel and Citadel Securities start next week. Here's how Ken Griffin's firms ramped up their program and recruiting.
The two Miami-based firms have been intentional in getting in front of students "in a much broader way."
Finance
Apollo CEO Marc Rowan defends private credit from Jamie Dimon, saying shadow banking 'makes the system safer.'
Apollo is at the vanguard of a private-credit revolution. Its CEO responded after bank boss Jamie Dimon raised concerns about the industry.
Citadel Securities taps former Goldman banking boss Jim Esposito to be its first-ever president — here's what he'll be focused on
Ken Griffin's trading empire, which includes hedge fund Citadel, has been increasingly tapping Goldman execs to help steer the growing business.
Bill Ackman is planning to take Pershing Square public: report
Bill Ackman plans to take Pershing Square public and could score a roughly $10.5 billion valuation, The Wall Street Journal reported.
Saudi Arabia to raise $12 billion by selling more shares in Saudi Aramco amid Neom struggles
The sale comes amid Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify the kingdom's economy.
These are JPMorgan's 11 must-read books for the summer, from AI to Formula 1
Titles on JPMorgan's annual list cover topics including smartphone anxiety, AI and communication in a world experiencing "radical shifts."
A DC basic income program is letting people choose the amount on their checks. A participant said $1,400 a month is what she needs to pay medical bills.
Deborah Ogarro Kelly, 47, receives $1,400 a month from a Washington DC basic income program. She uses it to pay for housing, healthcare, and food.
Nvidia is no household name — but may soon overtake Microsoft and Apple
Nvidia's valuation is now less than $400 billion behind Microsoft, meaning the chipmaker could soon become the world's most valuable company.
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Uber and Lyft drivers are seeing more trips that pay them $3 or less. They say it's another example of declining driver pay.
Ride-hailing drivers are reporting $3 or lower fares. They say it's indicative of a larger pay issue.
Klarna CEO faces backlash for saying AI let marketing team 'half the size it was last year' do more work, saving millions
Klarna's CEO seemingly touched a nerve on social media by saying AI meant "spending less on photographers, image banks, and marketing agencies."
Prop-trading firms and hedge funds like Point72, Balyasny, and Bridgewater are turning to AI for higher returns. Here's what they pay AI workers.
Data is king for hedge funds, and the generative AI era offers new advantages. See how much the biggest firms are willing to pay for talent
Paul Singer's Elliott Management just raised $8.5 billion. The vaunted hedge fund laid out where it sees opportunities in its latest letter to investors.
The firm was reportedly aiming to raise only $7 billion but surpassed that total by more than 20%.
I refuse to pay my daughter's college tuition even though I made over $500,000 last year
A mother who earned over $500K last year decided not to pay for her daughter's college tuition. She shares how she came to the tough decision.
$2 billion quant firm Engineers Gate is expanding to Singapore as more multi-strats set up shop in Asia
Engineers Gate was started by Highbridge Capital cofounder Glenn Dubin. It's entering a crowded Asian multi-strategy fund scene.
Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds
Riyadh is pressing ahead with massive spending projects as part of its Vision 2030 economic transformation plan that includes the Neom megaproject.
Here's everything we know about how finance giants, from JP Morgan to Blackstone, are adopting AI
Finance's biggest firms are considering how AI might impact jobs, how it could cut costs, and reduce "grunt work."
Some college graduates only need to make a $50,000 salary for a decade for their degrees to be worth it
College students pay more to live in states like New York and California but they often earn more because of better job markets there.
Nearly 30 landlords have rejected a homeless mom of 2 looking for an apartment. It shows a major crack in the housing voucher system.
Iowa law allows landlords to reject voucher holders just because they use a voucher. This kind of housing discrimination is illegal many other states.
Robinhood CEO explains the origin of the app's name — and why half the company hated it early on
Robinhood CEO Vlad Tenev says he wanted the company name to be disruptive.
America's wealthiest are saving big on taxes before Trump-era cuts expire. Here are 10 tactics they're using, from putting mansions in trusts to stashing fortunes for a 1,000 years.
What might seem to be far-fetched tax mitigation tactics are perfectly legal, lawyers and bankers to the wealthy tell Business Insider.
Living on $25,000: ALICEs who live paycheck to paycheck explain how they scrape together enough food to get by
Many households living paycheck to paycheck have to rely on thinly-stretched grocery budgets, food pantries, or employer meal discounts for food.
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The rise and fall of Elizabeth Holmes, the former Theranos CEO
Theranos' Elizabeth Holmes was sentenced to 11.25 years in a prison. But prison records show her term was shortened by more than 2 years.
A tax on millionaires might soon pay for universal free community college in Massachusetts
The Massachusetts state Senate passed a fiscal budget that includes plans for universal free community college, funded by the state's millionaire tax.
6 countries where millionaires are moving and how these nations help protect and grow their investments
A record number of 122,000 millionaires moved countries in 2023 with Australia gaining the most.
Stuck in a hellish loop: ALICE parents explain how they never have enough money to give their kids the life they want
BI talked to 7 ALICE parents nationally who said they're making sacrifices so their children can eat but can't invest in their kids' college funds.
Billionaire investor Barry Sternlicht, master of the downturn, is now embroiled in one
Starwood Capital became a real estate behemoth by buying properties on the cheap. Now it finds itself on the other side of that formula.
What Wall Street banks pay tech talent, from the data scientist earning $275,000 to the $120,000 quant-modeling job
BI collected over 400 salaries for machine-learning engineers, data scientists, and more from JPMorgan, Bank of America, Goldman Sachs, and others.
Wall Street's beach reads: 35 books to read on your summer vacation, picked by top investors, dealmakers, and traders
We compiled a list of books that top Wall Streeters have recommended over the years that have helped them get ahead.
Robinhood CEO explains how he got employees back to the office after initially saying the company was 'remote-first'
Robinhood told employees in 2022 the company would be "staying primarily remote." A year later, that changed.
Meet the wealthy millennials who want FI, but not RE
Millennials in the FIRE movement are emphasizing financial independence over traditional early retirement, pursuing their passions after office jobs.
Wall Street summer internships are starting soon. Are you ready?
Use this guide to prepare for your summer investment-banking internship with tips from former interns, a Goldman Sachs exec, recruiters, and more.
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Goldman Sachs sees a record number of intern applicants for summer 2024
Wall Street internships are a well-trodden path to a career as an investment banker or trader. Goldman's summer program kicks off June 10.
Here's how much money it takes to be in the upper class in each state
This map shows how much you need to make to be considered upper class across the country — and what percentage of each state is.
RIP Kabosu, the celebrity canine who became the face of Dogecoin
The Shiba Inu who inspired the viral Doge meme died on Friday at 18.
Welcome to the WFH Friday economy: It's a time for hair masks, spas, day drinking, and no-camera meetings
Workers are hitting the spa and the gym on the last workday of the week: "The world is my oyster after 2 p.m. on a Friday," one said.
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.
Financial advisors are 'pissed' about the pay they forfeited. Here is the law firm helping them claw it back.
Meet Ajamie, an 11-lawyer firm in Houston taking on banks with billion-dollar war chests. It's a booming business.
James Gorman is bringing his 18-year stint at Morgan Stanley to an end
The chairman and former CEO revealed his plans to step down at Morgan Stanley's annual meeting on Thursday.
Buying a piece of Nvidia is about to get a whole lot cheaper
Nvidia announced a 10-for-1 stock split with the goal of making its $1,000 shares more accessible to employees and investors.
JPMorgan is making a big bet on AI. Here's how its private bankers are using it.
Here's how JPMorgan Private Bank is using generative AI, from saving advisors time to training new recruits.
Recession is still a real threat, Jamie Dimon and David Solomon warn
Don't assume inflation will fade, interest rates will fall, and the economy will escape a recession, say the JPMorgan and Goldman Sachs CEOs.
RFK Jr. joins the meme-stock crowd — and plows $24,000 into GameStop in a show of support
Presidential candidate Robert F. Kennedy Jr. endorsed retail investors' calls for Wall Street reform, and bought into GameStop to show his support.
Blackstone is set to give workers a stake in the companies it buys
The private equity giant will this week announce plans to grant equity to staff at businesses it buys, The Wall Street Journal reported.
A new CEO rating is putting a number on the effectiveness of people running the largest companies in the world
Alt data company Paragon Intel has rated every CEO, CFO, and COO for 1,300 public companies.
Citi fined $78 million after a European trader's fat-finger trade caused a flash crash in stocks
The trader accidentally entered 58 million into the quantity field, ultimately creating a massive trade that was worth $444 billion.
How to know if you're an ALICE: You're barely paying your bills but don't qualify for government assistance
ALICE families look differently depending on their circumstances. They could live off $130,000 for a family of six or $25,000 for a family of three.
Massachusetts' millionaire tax is earning more than expected and could help make up for the last few years of high earners fleeing the state
The millionaires tax in Massachusetts beat estimates by bringing in $1.8 billion so far, helping the state despite the loss of high-income earners.
The awful real-estate trend that's sweeping America
Neighborhood rebrands like SoBro and LoSo used to be quirky — now they're a real problem. I'm worried we're about to get a lot more of them.
The richest person in every state
Forbes determined the richest person in all 50 states. Here's how these powerful industry leaders became so wealthy.
New York tech workers make $135,000 on average, but can't afford the vast majority of apartments on the market
Tech workers are flooding into New York City, but they're having a hard time finding places to live, a new report suggests.